Humana plans to drop Obamacare by the end of 2017. It seems they are losing (relative term because they are probably just making a few billion less) money insuring sick people. You mean it doesn't pay to insure sick people who need thousands of dollars of care every month? Who would have thought? Hopefully Trump has the answer to this mess. Maybe the very sick should have been added to Medicare. But Medicare is bankrupt so....
There are already five states with only one option. After Humana drops out of the unAffordable Care Act, how many more states will be added to the one option plan?
The answer to the insurance mess is to get rid of health insurance except for catastrophic events (accidents and serious illnesses). Without insurance, there would be much more competition and prices on all health care services would drop significantly. We need to go back to cash payments and transparencies. If you need to go to the doctor and you had to pay cash, you would check everyone to get the lowest price. If you could pay in a year what you pay in a month for catastrophic insurance, you would have the money to go to the doctor for checkups and lab tests, especially if the price decreases 75 percent. Wouldn't it be nice to pay $50 cash to the doctor for a visit and not have to deal with insurance companies? How about paying $100 for complete blood tests? This will never happen, though, because the insurance industry pays lobbyists millions of dollars a year to "insure" they continue ripping off the public.
What do you think?
Source: Humana to drop out of obamacare marketplace at end of 2017