Obamacare

[Adak]

Just heard on the radio that Aetna (CA's biggest medical insurer with 48% of the market), has dropped out of the exchange for ObamaCare.

This is going on in many states: Iowa (lost their largest insurer), New Hampshire and West Virginia have no health care provider, at all.

The larger health insurers are reluctant to get into this because it's unknown territory for them. On the one hand, the law prevents them from raising the rates above a certain level, but on the other hand, they have to provide a certain level of care to those that they cover.

To top it off, if the healthy people don't need to buy it (maybe paying the IRS penalty will be a better alternative for them), then the whole insurance plan idea, goes out the window. Insurance can't work that way. The risk has to be spread around an adequate base of subscribers.

The national health care plan is a good one, but I wish they would have done more planning and studying, before they decided to pass it into law. So many things - like all these exemptions, etc., they make for a very poor start for it.