Millions may be skipping help with insurance bills
The HHS reports about 85% of “current Marketplace consumers are eligible for and receiving tax credits”. Of those, about 1.9 million either have incomes that would qualify them for Medicaid or place them in the Medicaid coverage gap or are ineligible to purchase Marketplace coverage due to immigration status, while the remainder could enroll in Marketplace qualified health plans (QHPs).
Much of Clinton’s remarks centered on a very specific group of Americans: Those who are uninsured and earn too much money to qualify for subsidized coverage – and who are exposed to double-digit premium increases.
The move will force 112,000 people in the state – including 31,000 in Knoxville – to find new coverage when the 2017 enrollment period begins on November 1.
Touting his wife’s proposal to allow people without access to subsidies to buy into Medicare and Medicaid, he also acknowledged that market-based solutions would not solve the country’s problems with insurance costs and coverage. Maintaining insurance coverage over time can remain hard under the law, the researchers found. Inside the Patient Protection and Affordable Care Act, as the 2010 law is formally known, there are about 9 million people getting subsidies. “The insurance model doesn’t work here”, Clinton said. Getting young people onto the exchanges would help to recalibrate the pool of customers that is now older and less healthy than originally hoped for, leading to losses for insurers. While health insurance companies threaten to pull out of entire markets, blaming Obamacare for billions in losses, Rothman said the increased premiums are “unsustainable and unfair”, according to Fox News. And the only way to reverse the hardships of Obamacare is to elect principled leaders who will put the people before failing big-government programs that worsen care for millions of Americans. “There are so many people that go back and forth to the emergency room and they wait until they really get sick to see a doctor because they don’t have health insurance and they can’t go see a regular doctor”.
Larry Levitt, senior vice president for special initiatives at the Kaiser Family Foundation, said the HHS report is important for several reasons.
“I personally believe, even if it takes a change in the law, the president should honor the commitment the federal government made to these people and let them keep what they got”, Clinton told the magazine Oxy. “This is an incredibly complicated and confusing law, and there’s an terrible lot of noise surrounding it”.
But there are many people who earn more than 400 percent of the poverty line, and they don’t have any sort of protection against high premiums.
Statements like those, however, are misleading because they overlook the total costs of care that includes the high deductibles, co-pays, co-insurance and high out-of-pocket spending limits.
“If you were on the other side of this, if you were an insurer, you’d say gosh, I only got 2,000 people in this little pool”. “Some people are working two, three or four jobs and have insurance premiums more than they bring home every month”. For example, more than 92,000 people who will likely be insured by Humana are looking at an average increase of 37 percent.