Millions remain uninsured while insurers gouge those with coverage

Insurers prepare to squeeze more profits out of Obamacare

Insurers prepare to squeeze more profits out of Obamacare

Millions of poor, working-class people in the United States remain without health insurance, despite passage of the Affordable Care Act (ACA) in 2010. Those without health insurance tend to be in the South, and they’re poor. The third wave of enrollment in the ACA program is currently underway.

Under the ACA’s health insurance reform, millions of uninsured Americans obtained health insurance. Poor uninsured obtained Medicaid in those states that agreed to expand the Medicaid rolls. Millions of other people obtained insurance on the federal and state health insurance exchanges. 

The ACA allowed millions of uninsured people to get health insurance. As I’ve pointed out before, (See my August 8, 2015 post) this reform has been a boondoggle for the insurance industry while not providing adequate insurance for the newly insured. 

Not content with the billions they’ve received already, the insurance magnates are preparing to gouge the newly insured with even steeper premiums. In Tennessee, the state is allowing insurers to raised premiums by up to 36 percent; in Iowa, the state is allowing up to a 29% hike. In addition to high premiums, the insurance plans being offered on the health insurance exchanges also have astronomically high deductibles. Insurance plans with $5,000 deductibles really mean that those covered don’t have insurance, as they will defer services so as not to incur bills.

Insurance companies profit from gambling on the lives of working people! Let’s put an end to this outrage! We need a national healthcare system that provides universal coverage for everyone in the country.

Monday, November 2nd, 2015 at 16:02