Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

8/8/2013 (1 year ago)

Catholic Online (www.catholic.org)

Companies are leaving markets, leaving consumers with less choice, patients without doctors.

Several major health insurers have pulled out of Obamacare exchanges in several states after saying they cannot make profits in those states. Aetna, Blue Cross, Humana, and United have left various states with the approach of Obamacare.

At least the waiting room will be empty.

At least the waiting room will be empty.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

8/8/2013 (1 year ago)

Published in Health

Keywords: Obamacare, insurance exchanges, mandate, doctors, keep


LOS ANGELES, CA (Catholic Online) - Insurance companies who participate in Obamacare are compelled to accept all applicants, regardless of any preexisting conditions. This increases costs to insurers, who must raise premiums to provide care for all patients while generating profits.

In some states, where laws have been passed to restrict the costs companies may charge, insurers are concerned they cannot generate sufficient profit to stay in business, and have decided to quit those markets.

The flight of insurers makes it inevitable that Obamacare will costs many patients their existing doctors.

When he was selling Obamacare, the President promised that nobody would lose their existing insurance or doctors. Now, with the withdraw of insurers, many patients are in fact losing their physicians.

Individuals are required to have insurance either provided by their employer or purchased via government-run exchanges. Anyone without insurance will be forced to pay a tax as a penalty.

Known as the "individual mandate," the requirement was intended to force all Americans to buy insurance coverage, including the healthy, thus defraying the costs associated with being forced to accept sickly people into their programs.

However, even the healthy will require some level of care, including some care which Obamacare requires insurers to provide for free. Rather than lose money, some insurers have opted to exit the Obamacare market in some states.

Also, any person with an insurance plan that does not qualify under Obamacare will be forced to pay a penalty to the IRS. To avoid the penalty, many customers are expected to switch to qualifying plans, which effectively means companies such as Aetna will leave certain states altogether.

Aetna is leaving exchanges in three states, Connecticut, where it is based, Georgia and Maryland. The common thread is that those states have imposed limitations on rates thus preventing them from generating sufficient profits.

Aetna does not provide coverage in California. Anthem Blue Cross is also withdrawing its request to participate in Obamacare exchanges for small businesses in California.

United Health Exchange is passing on California altogether.

This exodus of insurers means individuals will enjoy less choice when deciding which plan to buy. Choice is key to competition and keeping prices low.

It will also cost many people their doctors.

Several of the companies indicated a willingness to work with state governments and regulators to do business in each state, but it is clear that no company is going to do business in a state where they cannot generate the profits they need to be financially healthy.

Neither the federal government nor any state governments are currently pledging to make any changes to keep insurers in the exchanges. 

---


Pope Francis: end world hunger through 'Prayer and Action'


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for November 2014
Lonely people:
That all who suffer loneliness may experience the closeness of God and the support of others.
Mentors of seminarians and religious: That young seminarians and religious may have wise and well-formed mentors.



Comments


More Health

GROSS! This was in his brain for four years! Watch

Image of A type of parasitic tapeworm, just a little over 0.3 inches in length, burrowed its way through the brain of a British man for four years.

By Catholic Online (NEWS CONSORTIUM)

In what has to be one of the most bizarre cases in recent medical history, a series of brain scans have been made which charts the path of a tiny parasitic tapeworm as it burrows its way through the brain of a British man. LOS ANGELES, CA (Catholic Online) - This ... continue reading


Obesity: It isn't just deadly, but each year it costs the globe TWO TRILLION! Watch

Image of Obesity is the third largest economic burden on the world, just $.1 trillion behind the costs of smoking and war and terrorism.

By Catholic Online (NEWS CONSORTIUM)

It should come as no surprise to anyone that terrorism and war hurt the global economy. What is incredible is that just behind them in terms of actual cost is smoking, and obesity. LOS ANGELES, CA (Catholic Online) - A new report from the economic consulting firm ... continue reading


Creation of John Paul II Medical Research Institute

By Alan B. Moy, MD

The Catholic Church has a long-standing history in health care, education and medical research. The Church was the first during the Middle Ages to create the university system and medical centers. Some of the early scientists were clergymen like Gregor Mendel, who was ... continue reading


Welcome to the horrifying future where women are used and abortion rampant Watch

Image of In the future, according to one dire prediction, babies will come from test tubes and sex will be purely for recreation.

By Catholic Online (NEWS CONSORTIUM)

The professor and chemist who invented the birth control pill has now claimed that advances in IVF will render the pill obsolete allowing people to plan pregnancies and engage in sex for recreational purposes only. LOS ANGELES, CA (Catholic Online) - Prof. Carl ... continue reading


Eat healthy, exercise and take statins - and live to be 120 years old Watch

Image of A

By Catholic Online (NEWS CONSORTIUM)

While immortality still remains out of reach by scientific standards, some scientists now say they have worked out how we could make it to 120. Exercising more, eating healthy and taking statins they claim are key to slowing the aging process. LOS ANGELES, CA ... continue reading


Dignity Health loses moral compass, settles overcharge scandal for $37 million Watch

Image of Catholic facilities, built and supported by Catholics, should remain Catholic.

By Catholic Online (NEWS CONSORTIUM)

The San Francisco-based Dignity Health hospital chain has agreed to pay a $37 million settlement to clear up allegations that they overcharged patients between 2006 and 2010. LOS ANGELES, CA (Catholic Online) - Dignity Health, a chain of 13 hospitals that was built by ... continue reading


'Elite controllers' claim that they can spontaneously 'cure' HIV Watch

Image of AIDS/HIV remains a scourge throughout the African continent and homosexual men in urban areas.

By Catholic Online (NEWS CONSORTIUM)

It's another claim made by researchers about a disease that continues to devastate the world. Scientists say they have uncovered the genetic mechanism which appeared to have led two HIV-infected men to experience a "spontaneous cure - and that the discovery ... continue reading


Sierra Leone sees Ebola cases 'spreading quickly' Watch

Image of There have been 2,413 Ebola deaths in Liberia, 1,510 in Sierra Leone, 1,018 in Guinea and eight in Nigeria.

By Catholic Online (NEWS CONSORTIUM)

While in other parts of West Africa, new Ebola cases appear to be tapering off, new cases continue to rise "frighteningly quickly" in areas of Sierra Leone. The international campaign group the Africa Governance Initiative, or AGI found that in rural parts of ... continue reading


'Hyper-connected' brain created by popular hallucinogen 'Magic Mushrooms' Watch

Image of Some magic mushroom users have reported tasting colors, seeing noises or feeling smells.

By Catholic Online (NEWS CONSORTIUM)

A popular, if illegal natural hallucinogen, "magic mushrooms" inspired the art and music of the hippie counter-cultural generation. Scientists now claim they are closer to understanding why magic mushrooms cause people to have such intense creative and even ... continue reading


Convenient and easy! Why your next trip to the dentist could prove a lifesaver Watch

Image of A new study out of UCLA has shown that genetic molecules that can signal an early warning for certain diseases can actually be found in saliva as well as blood.

By Catholic Online (NEWS CONSORTIUM)

Soon, dentists may be able to test for diseases such as cancer, dementia, Alzheimer's, type 2 diabetes or even auto-immune diseases, a new report from the University of California Los Angeles, has revealed. LOS ANGELES, CA (Catholic Online) - Dr. David Wong, the ... continue reading


All Health News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Revelation 10:8-11
8 Then I heard the voice I had heard from heaven ... Read More

Psalm, Psalms 119:14, 24, 72, 103, 111, 131
14 In the way of your instructions lies my joy, a joy ... Read More

Gospel, Luke 19:45-48
45 Then he went into the Temple and began driving out ... Read More

Saint of the Day

Saint of the Day for November 21st, 2014 Image

St. Gelasius
November 21: St. Gelasius I, Pope (Feast day - November 21) Gelasius was born ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter