ACA Chickens Coming Home

The underlying issue that many of us saw with Obamacare was that inexpensive (Affordable) insurance didn’t seem to be in the cards – regardless of what the President and his team of “experts” said.  Most of those folks never lived in the world of having to deal with the convoluted health care system of PPOs and HMOSs, paying for health care insurance, or making decisions on a company’s group health insurance plan so that you could provide a benefit without bankrupting the company.

As more and more pieces of ACA are becoming implemented and the reality of who is really using the subsidized programs (individuals who have REAL problems) the chickens are coming home to roost. Case in point is the recent 36% increase that was approved in Tennessee by its insurance commissioner.  The commissioner said that the increases were necessary to cover higher-than-expected claims from folks who had signed up for individual policies in the first two years of the Affordable Care Act.  In an article by the Wall Street Journal, it reflects that this is not an isolated trend but one being faced by many states.

It’s going to be an interesting election discussion in ’16, but of more critical interest, how do we fix this MAJOR challenge to our economy and social well-being.  And don’t tell me “let the market fix it,” or “single-payer is the only way to go.”

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