Another insurer sees Obamacare ‘death spiral’ | Speaker.gov

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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:

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.