“This is a rescue mission,” Speaker Ryan said yesterday on ABC, discussing the House’s passage of the American Health Care Act.
Over the last week, the urgency of repealing and replacing Obamacare has only continued to grow:
- “Iowa's Obamacare market is on the verge of imploding,” with the state's last major insurance carrier on the verge of leaving the market. This would mean that residents in 94 of Iowa's 99 counties would have no option for buying coverage next year.
- Because of “big Obamacare losses,” residents in 27 Virginia counties will have only one insurer to choose from next year. Already, more than 1,000 counties in the country are down to their last insurer.
And in Maryland, CareFirst has become the latest insurer to see Obamacare’s marketplaces entering a ‘death spiral’:
“The head of the largest insurer in the Mid-Atlantic region warned Thursday that the Affordable Care Act marketplaces were in the early stages of a death spiral, a statement that came as the company announced its request for massive, double-digit premium increases for next year. . . .
“‘What we’re seeing is greater sickness levels. The pool of beneficiaries is becoming sicker, in part because healthier people are not coming in at the same level we hoped,’ said Chet Burrell, chief executive of CareFirst, which insures about 215,000 people through the marketplaces set up by the Affordable Care Act in all three states.”
In February, Aetna’s CEO also warned that the Obamacare markets are in a ‘death spiral.’
The American Health Care Act will help lower premiums, give people more choices, and deliver real protections and peace of mind. Learn more about how this plan will help patients and families.