Page 28 - Risk Pool News Today

Going to continue to go up and theyre going to go up especially higher because without the mandate, young people wont sign up which will make the risk pool riskier. >> thats the socialism in it. those subsidies are the socialism in this thing. we got to get that out of there right away if republicans, dont we? >> they dont get it out right away which blows a big hole in the deficit. you keep the subsidies until guess when? after the 2018 congressional elections. supposedly in 2020, now, it could...

2020. >> what happens right now is the mandates go away. thats basically pretty much all. >> right. >> and the taxes go away. >> the revenue that the bill collects goes away. >> all the revenue the bill collected will go away. the subsidies on the obamacare exchanges continue exactly as they are now only theyre going to go up because premiums are going to continue to go up and theyre going to go up especially higher because without the mandate, young people wont sign up which will make the risk ...

Concept at least was that everybody pays into insurance, when youre young, you dont use it as much because youre younger and healthier. later when youre older, youll use it more, but will spread the costs out among all the people. that was the sort of theory behind this. im not saying it worked. im saying that was the idea. thats not the idea here at all. you use it more, injury in this category, youll pay more. >> right. youre describing the element of insurance. >> total. >> we pay in. when we...

Insurance industry it sounded like. on the other side of that the biggest thing he said was no more mandates. if there is no mandate, think about it. if there is no mandate the only quote, unquote fiscally responsible part of obamacare was the mandate by compelling people to purchase insurance if they didnt want to to bring young and healthy people into the risk pool to bring down the costs for older, sicker people and bringing fines for individuals who dont do that was the fiscally sound part o...

20th, they would have a bill for the president on that. we havent seen that. >> can they lower costs for people under employer coverage. thats the bar house republicans, senate republicans and the president have to get over. i also think that most republicans are waiting to see how the president jumps into this. which does he take sides? republicans -- >> dont forget -- right, because he has said different things. like, last night, he used a phrase, and i used it with senator perdue, if you have...

Maybe overhaul is too big a word for most democrats? but does it need to be big are than a tweak? >> i think it needs to be repaired. one of the things we have to do is get some of those young invincibles to join the plan to broaden the risk pool and lower the costs. i dont think we have the necessarily the best ideas on repairing but repealing this would be an economic catastrophe, not to mention the fact that it would rob 20 million people of their health coverage and rob the people on employe...

You have etna saying obamacare is in a death spiral and what does this mean for folks who i obamacare and want to enroll. >> by poor design and poor implementation its been on this death spiral. the truth is its been on a self-you want destructing course since before this administration took office so, what we are needing to do right now is kind of put the band-aid on it so it doesnt completely implode before we have a more robust sustainable replacement option. by narrowing the enrollment perio...

The industry saying, quote, that logic shows just how much the risk pool is deteriorating in the aba and how poor struck khrured the funding mechanism and premium model is. i think you will see a lot more withdrawals this year of plans. the death spiral gaining momentum, as rising premiums push healthy customers out leaving the sickest, the most expensive customers behind by themselves. that drives premiums and rates even higher. the founder and contributor for the washington examiner leslie mar...

Where do you staptkaodo you sta? are those two things that will be guaranteed by the federal government? >> on the plan we ran on and all the senate republican replacement plans that have been offered, we have long said children should stay on their parents plan until 26 years of age, and so i see sort of a cooperation between the federal government and the state government. we dont want to have the federal government over regulate all of health insurance. thats why we have one plan left in five...

Them being able to participate in the program again. so based on initial analysis of the data and the period of the 2017 open enrollment period, theyre seeing more signs of unbalanced risk pools. a risk pool essentially means older people and sicker people. so people who need more cover and more expensive to cover as well. it was thought that more young people that they would be signing up to the affordable care act from the first of november 2016 through january of 2017 during this open enrollm...