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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon. from any other book seller, or direct from my ebook publisher, ebookit. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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.