As health insurance companies scramble to find a way to remain profitable under the Affordable Care Act, both insurers and the Obama administration are collectively shifting the cost burden of this unraveling health care law to the people it was designed to help.
April’s announcement by United HealthCare – the nation’s largest private health insurance provider – that the company would immediately begin its exit from most of Obamacare’s state-level insurance exchanges, signaled an escalation of the government-run healthcare system’s long, downward trend. To make matters worse, Humana Inc, which is expected to be bought by larger Aetna Inc, is considering a similar move and also has plans to increase premium prices.
Read Full Article »