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Finding out what’s in it: Realizing that the next open enrollment period under Obamacare will begin only a week before the election and will present voters with skyrocketing insurance premiums, higher deductables, and fewer choices, Obama met with health insurance execs on Monday to plead for their support.
The two largest insurance carriers, Aetna and UnitedHealth, did not attend, Both have already abandoned most of the Obamacare marketplaces.
The article has a lot of blather about the public relations steps the Obama administration is taking to shore up Obamacare, along with encouraging quotes from some insurance executives. This quote from the article, however, touches on reality, a reality that it appears Obama might finally be discovering. Or to paraphrase Nancy Pelosi’s words, he is finally finding out what’s in it.
But six years after passage of Obama’s signature domestic achievement, the litany of woes afflicting the Obamacare marketplaces is formidable. Enrollment has plateaued at half of what was projected. Three major insurers have largely quit, citing big losses. Double-digit rate hikes are the norm for plans across the country. And roughly one in five Americans may find just one insurer selling plans in their area when they shop for 2017 coverage.