Is Obamacare failing? Some parts, like the 16 failed co-ops, are. But when it comes to health plans dropping out of Obamacare exchanges, it’s a legitimate question. HMOs have a disturbing history of dropping enrollees – until Congress meets their payment demands.
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HIPAA, enacted 20 years ago yesterday, has all but eliminated patient privacy. The Health Insurance Portability and Accountability Act of 1996 (HIPAA), enacted on August 21, 1996, enabled computerization of medical records without patient consent and state and national health information (“on the grid”) networks, established national health data and transaction standards and created federal identification and tracking numbers for doctors, hospitals, clinics, health plans, employers and patients.
ST. PAUL, Minn.—Health plan companies left and right are seriously questioning their involvement in Obamacare or dropping out altogether. And these are heavy hitters—UnitedHealthcare, Humana, Aetna and some Blue Cross Blue Shield companies. Cooperatives established under the law are collapsing as well. Just seven of the 23 remain.
The desperate sounds of Obamacare’s death spiral are reverberating through the White House. Obama’s legacy act is in deep, deep trouble.