New Mexico insurance company abandoning Obamacare exchange
Finding out what’s in it: A major New Mexico health insurance company has decided to stop selling individual insurance policies through the Obamacare exchange.
Apparently, people who got insurance through the exchange were generally sicker to begin with, and were poorer (80% required subsidies). The company decided the cost was too much.
Meanwhile, Obama has declared that the solution to this very bad government-run health care system is more government!
President Barack Obama, reviewing his signature health law six years into its implementation, is suggesting Congress and his White House successor add a government-run, or public, insurance option to the Affordable Care Act and increase federal financial assistance for people to buy coverage.
The problem with this proposal is this is exactly what the Obamacare exchanges were, except that the health insurance itself was provided by private companies. Obama is suggesting we expand the exchanges (which have failed miserably), but augment that failure with a system kind of like the Veterans Administration, where the government provides the healthcare. That should work just great, assuming we lived in a fantasyland invented by progressive leftists who pay no attention to reality.
But then, I think we do, considering how many people seem willing to vote for Hillary Clinton, a big supporter of Obamacare and a long time proponent of it.
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Finding out what’s in it: A major New Mexico health insurance company has decided to stop selling individual insurance policies through the Obamacare exchange.
Apparently, people who got insurance through the exchange were generally sicker to begin with, and were poorer (80% required subsidies). The company decided the cost was too much.
Meanwhile, Obama has declared that the solution to this very bad government-run health care system is more government!
President Barack Obama, reviewing his signature health law six years into its implementation, is suggesting Congress and his White House successor add a government-run, or public, insurance option to the Affordable Care Act and increase federal financial assistance for people to buy coverage.
The problem with this proposal is this is exactly what the Obamacare exchanges were, except that the health insurance itself was provided by private companies. Obama is suggesting we expand the exchanges (which have failed miserably), but augment that failure with a system kind of like the Veterans Administration, where the government provides the healthcare. That should work just great, assuming we lived in a fantasyland invented by progressive leftists who pay no attention to reality.
But then, I think we do, considering how many people seem willing to vote for Hillary Clinton, a big supporter of Obamacare and a long time proponent of it.
Readers!
Every February I run a fund-raising drive during my birthday month. This year I celebrate my 72nd birthday, and hope and plan to continue writing and posting on Behind the Black for as long as I am able.
I hope my readers will support this effort. As I did in my November fund-raising drive, I am offering autographed copies of my books for large donations. Donate $250 and you can have a choice of the hardback of either Genesis: the Story of Apollo 8 or Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space. Donate $200 and you can get an autographed paperback copy of either. IMPORTANT! If you donate enough to get a book, please email me separately to tell me which book you want and the address to mail it to.
Please consider supporting my work here at Behind the Black. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Some people think that if you take profit out of the equation that everything magically becomes better. With no profits, you can provided unlimited services. What can’t be taken out of the equation is cost. No matter who foots the bill, there will always be cost. Look at the VA or the British NHS, people don’t get every single service they need or desire.
The notion that avoiding cost considerations leads to health care paradise in absurd. And a system where government decides who is worthy of getting care, and who isn’t, leads to institutional systematic abuses.
The purpose of profit, in the free market capitalist system, is to reward efficiency — the reduction of cost. He who finds an improvement, a less expensive way to produce the same or better goods or services, gets to make the profit. He who does not loses his profit to the one who did.
This apparently sounds unfair to the socialist, but to the consumer, it is wonderful, as he spends less and gets more. It is also fair to the innovator, as he gets rewarded for his work.