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Obamacare Must ‘Fall,’ Trump Administration Tells Supreme Court - Do You Agree?
by Causes
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  • Leslie
    06/28/2020
    ···

    Could striking down the Affordable Care Act (ACA) aka Obamacare whether by legislation (2017) or by courts (2020) be a Quid Pro Quo for insurance company campaign contribution & their latest coverage of Covid-19? Looking for a macroeconomic study of increased earnings for the insurance companies & government run insurance programs (Medicare, Medicaid, Veterans, TriCare). Thus far have found only the current status. “ACA Medicaid coverage expansion and subsidies to insurers have resulted in a large increase in health insurer profits. Health insurers’ stock prices more than doubled the impressive gain in the S&P 500 since the law’s main provisions took effect on January 1, 2014. Much of insurers’ increased profitability has resulted from increased Medicaid enrollment and increased payments per enrollee in Medicaid expansion states where the federal government pays nearly all the costs. While insurers initially incurred losses in the ACA marketplaces as they adjusted to new regulations and a relatively unhealthy risk pool, insurers are now profiting on the individual market as well, with higher premiums that are largely covered by federal premium subsidies.” “The health insurers are also asking for a “temporary, emergency risk mitigation program to ensure that health care premiums do not spike, and that benefits are stable in the future,” AHIP chief executive Matt Eyles and Blue Cross Blue Shield Association CEO Scott Serota wrote to U.S. House Speaker Nancy Pelosi, Senate Majority Leader Mitch McConnell and other Congressional leaders.” “[Covid-19] related costs such as inpatient hospitalizations could exhaust premium dollars and lead to higher costs down the road for those who buy individual coverage. Having more Americans paying into the pool of premiums even with the help of the government’s subsidies under the ACA could help mitigate a spike in premiums as well as help blunt costs of those who gain coverage.” https://www.forbes.com/sites/brucejapsen/2020/03/21/calls-grow-to-open-special-obamacare-sign-up-as-coronavirus-spreads/ https://www.whitehouse.gov/wp-content/uploads/2018/03/The-Profitability-of-Health-Insurance-Companies.pdf

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