EDITORIAL: ‘Trumpcare’ implosion doesn’t mean ‘Obamacare’ is fine
OK, but who's going to clean up the mess left by the Kill Obamacare fiasco? The law still has flaws that need to be fixed, and they can be without repealing the statute and starting over again.
House Speaker
The president sent clearer signals to the so-called
A rift between Trump and the Republican right, which has long been suspicious of his political persuasion, could benefit the nation if it gets to work with some
Repairing the Affordable Care Act would be a great place for bipartisanship to break out. It's easy to see the ACA's main problem. Insurance companies aren't making the profits they expected because Obamacare has brought them more old and sick clients than they anticipated. To compensate for that, the insurance companies are jacking up premiums in some markets or pulling out altogether.
Those solutions only exacerbate the problem. Higher premiums lead to fewer enrollees, which leads to insurance companies dropping out of markets, which decreases competition, which leads to higher premiums. The preferable cure for what ails the insurance companies is to get more young and healthy people to enroll in their ACA plans. But how?
Providing larger subsidies to insurance purchasers is one way to do that. That's the route used in 2003 by another
Larger subsidies are just one idea. Another is providing a public option for insurance purchasers, which would ratchet up competition and lower prices. That may be a bridge too far for conservatives who get the vapors at the mention of anything they construe as socialized medicine. But the point is that Obamacare's predicted implosion can be avoided if the people elected to make laws that work would put aside politics and get busy.
___
(c)2017 The Philadelphia Inquirer
Visit The Philadelphia Inquirer at www.philly.com
Distributed by Tribune Content Agency, LLC.



A.M. Best Withdraws Credit Ratings of Unique Insurance Company
Advisor News
- Alternative investments in 401(k)s: What advisors must know
- The modern advisor: Merging income, insurance, and investments
- Financial shocks, caregiving gaps and inflation pressures persist
- Americans unprepared for increased longevity
- More investors will seek comprehensive financial planning
More Advisor NewsAnnuity News
- Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
- Lack of digital tools drives wedge between insurers, advisors
- LIMRA: Annuity sales notch 10th consecutive $100B+ quarter
- AIG to sell remaining shares in Corebridge Financial
- Corebridge Financial, Equitable Holdings post Q1 earnings as merger looms
More Annuity NewsHealth/Employee Benefits News
- Private Medicare plans get a break
- Best’s Special Report: US Property/Casualty and Health Insurers Exceed Cost of Capital; Life Insurers Narrowly Miss
- Arizona's Medicaid, AHCCCS, undergoes huge changes
- Rob Schofield: NC’s new Medicaid ‘compromise’ comes at a cost
- We have to stop this with our votes | RODNEY WALKER
More Health/Employee Benefits NewsLife Insurance News
- Dan Scholz to receive NAIFA’s Terry Headley Lifetime Defender Award
- Best’s Special Report: US Property/Casualty and Health Insurers Exceed Cost of Capital; Life Insurers Narrowly Miss
- Aspida Life and WealthVest Offer a Powerful New Guaranteed Income Product with the WealthLock® Income Builder
- Lack of digital tools drives wedge between insurers, advisors
- Living benefits: A better way to position life insurance
More Life Insurance News