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The Obamacare Death Spiral

Obamacare is in big trouble. Major insurers—Aetna, Humana, and United Health (the nation’s largest)—are pulling out of most exchanges. Remaining companies are seeking double-digit premium increases (at least 25% in 20 different states, some over 60%), while increasingly offering only “narrow network” plans that severely restrict available doctors and hospitals. With these developments, the scam of Obamacare, and its inevitable failure, are becoming too …

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Lauren McCauley – Aetna’s Greed Proves That Medicare-for-All Is the Best Solution

Insurance behemoth Aetna announced late Monday that it is pulling out of Obamacare public exchanges in 11 states, citing projected financial losses because of the high number of people who—it turns out—need expensive medical care. Following a string of similar announcements, advocates of single-payer healthcare say that these departures only underscore the fact that “big commercial insurance corporations” will always “put profits …

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Wendell Potter – It’s Way Past Time For Us To Stop Deluding Ourselves About Private Health Insurers

I didn’t think it was possible for me to get more disgusted with the industry I used to be a cheerleader for, but I was wrong. Health insurers—more specifically, the big for-profit health insurers that want to get even bigger through two pending mega-mergers (Anthem wants to buy Cigna and Aetna wants to buy Humana)—once again are demonstrating that nothing—absolutely …

The Choice Ahead: A Private Health-Insurance Monopoly or a Single Payer – ROBERT REICH

The Supreme Court’s recent blessing of Obamacare has precipitated a rush among the nation’s biggest health insurers to consolidate into two or three behemoths. The result will be good for their shareholders and executives, but bad for the rest of us – who will pay through the nose for the health insurance we need. We have another choice, but before …