Good News, A story in
Forbes says that the insurers that stuck it out and remained in the ACA are finding the markets are stabilizing and they are showing a profit. This includes the carriers that stepped up to fill the gaps being left by others fleeing the market.
This was what had been predicted- that people who had been uninsured and had been going without primary care would get their chronic health issues addressed and the costs would begin to decrease.
Some of the insurers who got out earlier were already starting to see signs of turnaround. A couple of the companies who got out were also involved in potential mergers that the Obama administration was balking at... not that they would act out of revenge or to create additional leverage favoring the merger.
Fun Fact: one of the companies that has actually expanded their ACA market is Oscar. The Kushner family (yeah,
that Kushner family) has heavy investments in Oscar and Jared's brother is an executive with Oscar.
Now to me, this means that with the repeal of the mandate, the Republicans now unquestionably own healthcare and any and all blame for high costs and premiums under the ACA going forward is in their laps since all the actions they are taking to kill the ACA is currently what is driving up costs.
The ACA is a case study in how not to pass major legislation and the political costs of not selling legislation to the voters.
The Democrats cobbled together an idea that combined a Republican plan (the individual marketplace) with expansion of Medicaid. They spent months having hearings and accepting amendments but the Democrats' efforts were stymied by the Republicans who, in the end, did not vote for it. The bill was passed with a 51 vote majority which was a short-term advantage but this setup a long-term problem in that Republicans have the same 51 vote threshold in their attempts to unravel the ACA.
The Republicans (with funding from special interest groups funded by the Koch brothers) also took a short term strategy of portraying the ACA as government takeover of healthcare, "death panels" and increasing taxes.
Trump's lack of knowledge about healthcare has done a lot of short-term damage to the ACA. Premiums have gone up significantly and they will continue to go up (although much of this cost is picked up by the government not the policyholders). Uncertainty exists in the market because of the attempts to sabotage the ACA.
All of this was fixable. So much time has been wasted on attempts to "repeal" and sabotage the ACA when most of the issues are fixable (and the wasted time could have been spent fixing it if the Congress were a functional legislative body).
You're correct. It's now Trumpcare. The party in power now owns the problems.