{"id":67475,"date":"2016-08-17T06:45:45","date_gmt":"2016-08-17T10:45:45","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=67475"},"modified":"2016-08-16T15:18:39","modified_gmt":"2016-08-16T19:18:39","slug":"yet-another-installment-of-obamacare-good-news","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=67475","title":{"rendered":"Yet Another Installment of ObamaCare \u201cGood News\u201d"},"content":{"rendered":"

Well, we have more \u201cgood news\u201d about that wonderful Federal law called the\u00a0\u00a0\u00a0\u00a0\u00a0 Patently Pathetic Accumulated Conglomerate of Asininity<\/del>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Patient Protection and Affordable Care Act, AKA \u201cObamaCare\u201d.<\/p>\n

I\u2019ve written before about issues with ObamaCare health care cooperatives<\/a><\/em>\u00a0 – and again here<\/a><\/em>.\u00a0 And I\u2019ve also written about how some insurers were starting to abandon the ObamaCare market<\/a><\/em>.<\/p>\n

Well, it seems another ObamaCare domino toppled yesterday.\u00a0 \u00a0Aetna \u2013 the nation\u2019s 3rd largest health insurance provider \u2013 has announced that they\u2019re largely pulling out of the ObamaCare insurance exchange market as well<\/a><\/em>.<\/p>\n

This year, Aetna offered ObamaCare plans through government-run exchanges in 15 states.\u00a0 Next year, they\u2019re cutting back to a whopping four states<\/span>:\u00a0 VA, DE, IA, and NE.\u00a0 They\u2019re pulling out of the ObamaCare exchange market everywhere else \u2013 though they\u2019ll still offer individual health insurance plans in some or all of those states.<\/p>\n

This is significant.\u00a0 Earlier this year, Aetna was among those saying it was “too early to give up on” ObamaCare insurance exchanges.\u00a0 Apparently they changed their minds.<\/p>\n

Why?\u00a0 Simple:\u00a0 they\u2019re losing their butts financially<\/u>.<\/p>\n

This year, Aetna had a 2nd quarter pretax loss on the ObamaCare exchange market of $200M.\u00a0 They\u2019ve lost $430M since those markets began in 2014.\u00a0 Losing that much money \u2013 as well as losing money consistently over time \u2013 isn\u2019t exactly conducive to staying in business.<\/p>\n

But don\u2019t worry, folks.\u00a0 Dear Leader will explain to us how we\u2019ve misinterpreted what\u2019s going on here.\u00a0 We just need to give it more time, and it will work as desired!<\/p>\n

Yeah, right.\u00a0 The Communist Party of the Soviet Union spent just short of 69 years trying to perfect their brand of command-driven economic socialism.\u00a0 The idiotic concepts on which their cockamamie theories were based were no closer to being viable on day 25,198 than they were on day 0.<\/p>\n

ObamaCare will fare no differently.\u00a0 It\u2019s similarly based on ideology-driven idiocy that ignores economic reality.<\/p>\n","protected":false},"excerpt":{"rendered":"

Well, we have more \u201cgood news\u201d about that wonderful Federal law called the\u00a0\u00a0\u00a0\u00a0\u00a0 Patently Pathetic Accumulated … Yet Another Installment of ObamaCare \u201cGood News\u201d<\/span>Read more<\/a><\/p>\n","protected":false},"author":623,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[220,213,88],"tags":[],"class_list":["post-67475","post","type-post","status-publish","format-standard","hentry","category-the-floggings-will-continue-until-morale-improves","category-your-tax-dollars-at-work","category-health-care-debate"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/67475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/623"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67475"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/67475\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}