What does this mean? TBH doesn't seem like a bad idea if they want to avoid market volatility for now.
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@ac Thank you for the one response that actually answers the question instead of b*tching. In reality it means zip - IFP is business is under 400k lives and Cigna covers something like 185m lives (less than 0.002).
@bg "Subsidies"....in other words, our tax dollars.
@cp the aca was already costing tax payers billions of dollars. Why not spend our tax dollars on healthcare vs lining of pockets of insurance companies?
“ Year ago I had individual coverage before Obamacare and it was affordable. It quadrupled after Obamacare. And being forced to have it was a joke and a power trip. We need universal health care and no more insurance companies”
What you actually just stated:
The government stepped in and made things worse. I want more government intervention!
😂
The main goal of obamacare was always to create a health welfare program that is mostly paid for by insurers. This ultimately means “paid for by commercial membership employers.”
While it was marketed otherwise, it was never intended to lower costs or improve care. Rather, it just attempted to shift costs and play some shell games.
Once again, our government used an optimistic bill name and marketing to lie to us:
USA Patriot Act (2001)
Affordable Care Act (2010)
Healthy Forests Initiative (2003)
No Child Left Behind Act (2001)
Student Aid and Fiscal Responsibility Act (2010)
North American Free Trade Agreement (1994)
Inflation Reduction Act (2022)
Year ago I had individual coverage before Obamacare and it was affordable. It quadrupled after Obamacare. And being forced to have it was a joke and a power trip. We need universal health care and no more insurance companies
ACA was a failure from the get go
This is so messed up. If insurance companies worked as ACA intended, everyone would jump in to provide competetive plans, which would lower both the cost of plans for EVERYONE and support medical facilities and providers. It doesn't work if all the insurers back out of the marketplace. This decision is bad for all Americans. Yes, this is partly due to the current administration gutting health coverage and subsidies, but it's also about corporate greed. Hope the next administration cleans this up when they regain power! Repubs don't have a healthcare plan and never have.
This stupid administration/Project 2025 is cutting funding for things for the poors. (SNAP, Medicaid, etc.)
@ap I agree that Obamacare/ACA is failing due to years of constant political attacks on it, such as removal of the individual mandate, cutting enrollment outreach funding, reduction of subsidies, etc.
It’s amazing how, when you deliberately try to sabotage something, it struggles to succeed.
The ending of Medicaid subsidies is ki-ling the Marketplace so here we are.
Another failed pillar of obamacare.
@ac I believe there was only one year where our IFP (ACA exchange) business was (barely) profitable. It has almost consistently loss money. This shouldn’t be a surprise to anyone.
It means they are no longer going to sell Medical ACA plans on the exchange because they are not profitable for us. I.e.,costing us more to maintain the business than we make.