Major insurance providers are opting out of Obamacare entirely in counties and states across the nation, and a new map shows exactly how dire the circumstances are becoming for consumers in many areas.
Axios gathered data from the Kaiser Family Foundation regarding insurance companies participation in the Obamacare marketplace from 2014 to 2017 and mapped the results. The interactive map illustrates the trend among insurance providers to opt out of, or greatly reduce their exposure to, the Obamacare exchanges over the first four years.

This post was published at The Daily Sheeple on JUNE 19, 2017.

Obamacare Death Spiral: First 2018 Coverage Map Reveals At Least 47 Counties With No Coverage

Earlier today the Centers for Medicare and Medicaid Services (CMS) released the first projected county-by-county map of Obamacare coverage for the 2018 plan year which depicts at least 47 counties, with 35,000 active Obamacare exchange participants, that will have no health insurance options next year. Meanwhile, another 2.4 million people are expected to have only 1 option for coverage. Per CMS:
The Centers for Medicare & Medicaid Services (CMS) is releasing a county-level map of 2018 projected Health Insurance Exchanges participation based on the known issuer participation public announcements through June 9, 2017. This map shows that insurance options on the Exchanges continue to disappear. Plan options are down from last year and, in some areas, Americans will have no coverage options on the Exchanges, based on the current data.
The CMS map displays point in time data and is expected to fluctuate as issuers continue to make announcements on exiting or entering specific states and counties. It currently shows that nationwide 47 counties are projected to have no insurers, meaning that Americans in these counties could be without coverage on the Exchanges for 2018. It’s also projected that as many as 1,200 counties – nearly 40% of counties nationwide – could have only one issuer in 2018. Currently, for 2018 at least 35,000 active Exchange participants live in the counties projected to be without coverage in 2018, and roughly 2.4 million Exchange participants are projected to have one issuer. It’s expected that the number of consumers with no coverage choices will rise.

This post was published at Zero Hedge on Jun 13, 2017.

CNN Host Fareed Zakaria Destroys Tolerant Liberals: ‘Freedom Of Speech And Thought Is Not Just For Warm Fuzzy Ideas That We Find Comfortable…’

"Liberals think they are tolerant, but often, they aren't," argues @FareedZakaria — CNN (@CNN) May 28, 2017

The alternative media has, for good reason, slammed CNN time and again for fabricated news stories, untruths and left-leaning propaganda.
But the following opinion report from CNN’s Fareed Zakaria is a must-watch, as it touches on the very core of the purported tolerance among liberals.
As progressive Evergreen State College professor recently stated in an interview after demands by social justice warriors that he be fired for racism, ‘I am troubled by what this implies about the current state of the left.’
While America’s White Left believes their policies of socialism, cultural assimilation and outright disdain for anything other than their own righteous ideologies are the only way forward, Zakaria succinctly explains that it goes against the whole idea of what Liberalism is supposed to be.

This post was published at shtfplan on May 30th, 2017.

The ‘Aborted Baby’ of The Health Care Debate

The topic line says it all. It’s the way both sides of the political aisle shut down discussion on any particular topic they don’t want to have a civilized debate on, especially when money is involved and someone’s scamming someone else.
Take the abortion issue generally. What always comes out at a pro-life march? Photos of an aborted fetus.
Why? Because it’s guaranteed to nail the emotional response button and as soon as you accomplish that rational debate and discussion on any public policy matter ends.
Where did it start this time? With a TV host who made an issue out his newborn kid that had a congenital problem and required immediate and very expensive surgery to correct. He waved the aborted fetus picture and got Obama to chime in immediately on Obamacare and the AHCA.

This post was published at Market-Ticker on 2017-05-10.

2018 Obamacare Premium Estimates Are Surging Again Leaving Obama’s “Legacy” On Life Support

Maryland, Virginia and Connecticut are the first three states to make their 2018 Obamacare premium estimates public and they paint a very bad picture for the future of Obama’s crowning legislative achievement. On average, premiums for individual insurance are expected to increase 33% over 2017 with Maryland’s 4 insurers requesting a staggering 45% YoY increase. Per Bloomberg:
Of course, 2018 premium hikes are only half the story because they come on top of staggering increases in 2017 as well. Combined, residents of Connecticut, Maryland and Virginia are looking at total premium increases of 59%, 81% and 41%, respectively, over just a two-year period. As a reminder, here is where rate increases came in, by state, for the 2017 plan year:

This post was published at Zero Hedge on May 9, 2017.

Goldman Explains What The Repeal Of Obamacare Really Means

After months of internal discord, House Republicans finally approved a bill to overhaul Obamacare, which they have been attacking since it was enacted in 2010. While there are various nuances, here are the bill’s main provisions courtesy of Reuters:
The Republican plan would maintain some of Obamacare’s most popular provisions. It would allow young adults to stay on their parents’ health plan until age 26. The bill would let states opt out of Obamacare’s mandate that insurers charge the same rates on sick and healthy people. It would also allow states to opt out of Obamacare’s requirement that insurers cover 10 essential health benefits, such as maternity care and prescription drug costs. The measure would provide states with $100 billion, largely to fund high-risk pools to provide insurance to the sickest patients. The bill also would provide $8 billion over five years to help those with pre-existing conditions pay for insurance. It would let insurers mark up premiums by 30 percent for those who have a lapse in insurance coverage of about two months or more. Insurers won a provision they had long sought: The ability to charge older Americans up to five times more than young people. Under Obamacare, they could only charge up to three times more.

This post was published at Zero Hedge on May 5, 2017.

GAO: Biggest Fiscal Threat to U.S. Is Interest on Treasury Debt – Not Social Welfare Programs

On Wednesday, the General Accountability Office (GAO), the bipartisan congressional watchdog, released an in-depth report on the U. S. government’s challenging fiscal outlook. Despite its surprising revelations, the study received little to no coverage by major media outlets.
While most Americans have been led by political rhetoric to believe that government programs like Medicare and Medicaid are the biggest threats to the future U. S. fiscal picture, the GAO study found the following:
‘While health care spending is a key programmatic and policy driver of the long-term outlook on the spending side of the budget, eventually, spending on net interest becomes the largest category of spending in both the 2016 Financial Report’s long-term fiscal projections and GAO’s simulations.’
The GAO cited a simulation that showed net interest payments on U. S. debt increasing ‘from $248 billion in fiscal year 2016 to $1.4 trillion in fiscal year 2045 in 2016 dollars.’

This post was published at Wall Street On Parade By Pam Martens and Russ Marte.

Obamacare? Trumpcare? Get Rid of it All

Ever since the US government began to sink its claws into the medical industry a good 50 or so years ago, attempts at reducing costs have failed again and again. This is par for the course whenever government invades an industry.
Trying to reform this Frankenstein with either Obamacare, or Trumpcare, will solve nothing.
The problem is structural. Tinkering with this or that will just waste more time.
RELATED: “How Government Regulations Made Healthcare So Expensive” by Mike Holly
In order for real change to happen, a fundamental change has to occur in the thinking about what health care actually is. It’s not what Americans have been conditioned to believe.
Peter Klein has put it into plain language in the following short video. I’ve also transcribed key sections below:
From a fundamental economics point of view, what is healthcare exactly? One of the things that’s particularly frustrating for me as an economist is this notion that “healthcare” is some kind of a unique good or service, that everybody needs, everybody wants, but cannot be provided by the market the way the market provides shoes, or tomatoes, or automobiles, or any other good.

This post was published at Ludwig von Mises Institute on May 4, 2017.

Go Ahead And Cheer The Fraud

The lies are ridiculous.
“Obamacare” has not been repealed, nor replaced.
Deductibles and premiums will not come down, because exactly nothing has been done to address the underlying cost of medical care, and that is, of course, what drives the cost of “health insurance.”
It also probably won’t pass the Senate, so that The House has done so is immaterial.
But heh, go ahead and take a victory lap Mr. Trump for something that hasn’t passed the Senate yet, and by the way, may I remind you that the Executive, which you head, can cut the cost of medical care by 80% or more in an afternoon.
You simply need to enforce the law, 15 USC specifically, which is your ******ned job and which you took an oath to do — and have, since your inauguration, serially and intentionally violated every single day since.

This post was published at Market-Ticker on 2017-05-04.

Senate To Write Its Own Obamacare Repeal Bill

The Republican House spent Thursday afternoon celebrating the passage of a Healthcare bill that nobody has scored, let alone read, and already the Senate has poured cold water over the first and so far only achievement of the Trump administration.
The reason, as we reported this morning, and as Bloomberg and The Hill confirm, several key Senate Republicans have said they will set aside the narrowly passed House health-care bill and write their own version instead, a sign of how difficult it will be to deliver on seven years of promises to repeal Obamacare. In the wake of the House’s razor-thin 217-213 vote, the Senate made clear it was going in a different direction.
It started with GOP Senator Dean Heller, who is up for reelection in 2018 and is considered one of the most vulnerable. Heller said he wouldn’t support the House’s bill in its current form. ‘We cannot pull the rug out from under states like Nevada that expanded Medicaid and we need assurances that people with pre-existing conditions will be protected,’ he said in a statement.
A second senator, Rob Portman, made clear his concerns over how the House bill treats Medicaid. While ObamaCare expanded the healthcare program to more low-income Americans, the House bill would eliminate that expansion in 2020. ‘I’ve already made clear that I don’t support the House bill as currently constructed,’ Portman said in a statement, ‘because I continue to have concerns that this bill does not do enough to protect Ohio’s Medicaid expansion population, especially those who are receiving treatment for heroin and prescription drug abuse.’

This post was published at Zero Hedge on May 4, 2017.

“Let’s Get This F–king Thing Done!” Republicans Rejoice, But Senate Warns Healthcare Bill Won’t Pass

Ahead of today’s 1:30pm-ish vote on Obamacare, Republican representatives are positively giddy that they finally have internal consensus and, absent some catastrophic last minute hurdle, will finally pass the Republican healthcare bill, beginning the process of repealing and replacing most of Obamacare. As the Hill reports, the scenes this morning in the Capitol were nothing short of a pep rally.
Speaker Paul Ryan and his GOP leadership team held what amounted to a pep rally for rank-and-file members in the Capitol basement Thursday morning as they predicted victory in their push to repeal and replace ObamaCare. Leaders played the ‘Rocky’ theme song as lawmakers walked into the meeting. Majority Leader Kevin McCarthy (R-Calif.) put an image of George S. Patton on the screen and read inspirational quotes from the general. ‘Let’s get this f–king thing done!’ Rep. Martha McSally (R-Ariz.) told her colleagues, according to sources in the room.
As discussed previously, following several prominent flips among holdouts, the House is expected to vote shortly after 1pm on the GOP’s healthcare bill, which has been stalled in the lower chamber ever since leaders yanked it off the floor six weeks ago. Top House Republicans predicted they had the 216 votes necessary to pass, touting the expected victory as a win for the GOP’s vision on healthcare.

This post was published at Zero Hedge on May 4, 2017.

Venezuela Before Chvez: A Prelude to Socialist Failure

Venezuela’s current economic catastrophe is well documented. Conventional narratives point to Hugo Chvez’s regime as the primary architect behind Venezuela’s economic tragedy. While Chvez and his successor Nicols Maduro deserve the brunt of the blame for Venezuela’s current economic calamity, the underlying flaws of Venezuela’s political economy point to much more systemic problems.
Observers must look beyond stage one, and understand Venezuela’s overall history over the past 50 years in order to get a more thorough understanding of how the country has currently fallen to such lows.
Socialism Before Chvez Analysts like to point to rosier pictures of Pre-Chvez Venezuela, but what these ‘experts’ conveniently ignore is that the seeds of Venezuela’s destruction were sowed during those ‘glory years.’ Years of gradual economic interventionism took what was once a country bound to join the ranks of the First World to a middle-tier developing country. This steady decline eventually created an environment where a demagogue like Chvez would completely exploit for his political gain.

This post was published at Ludwig von Mises Institute on May 4, 2017.