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casamurphy
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Aetna Abandons Obamacare Totally: See You In September? - Mish - Global Economic Analysis

Republicans could have been heroes, but their too damn stupid. They are just sticking to their traditional approach: incompetence and cutbacks.

Bold solution all ends of the political spectrum could have embraced:

1) Extend Medicare down to age 55. That would solve the biggest problem of providing affordable insurance to the 55-64 age group. Pay for it by shutting down Medicare Advantage plans and instead establishing an asset and income based Medicare deductible beyond which Medicare pays 100%. Seniors would be thrilled. No more premiums for Medicare supplement. No more hassling with networks and difficult to audit Medicare Advantage co-pays. A simple affordable deductible based upon their ability to pay and save for it and then after that no paperwork, no hassles.

2) Just go ahead and allocate the federal tax funds to extend medicaid in all 50 states. Just print the damn money if necessary.

3) Allow each state to establish a public option for everyone else that best fits their state. Some states could copy Singapore, others could copy Vermont, other's Switzerland, and even others, Taiwan...whatever works best for them. Turn this into a state issue. This would bring more interest in state government and those states that do nothing and just let large numbers go un-insured will soon find that untenable and be forced to do the real political work necessary to establish and efficient system for their state.

Commented 2539 days ago

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Beginning of the headline :Bye bye, so long farewell, Aetna fully exits Obamacare exchanges with pull-out in two states Health insurer Aetna Inc said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska – the two remaining states where it offered the plans. Aetna had already said it would exit the individual commercial market in Virginia and Iowa, after pulling out of several other states last year. Aetna has now “completely exited the exchanges,” the company said in an emaile... Read More

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