#15 FAILS OBoohooCare centers now in debt 1.5 Billion. Continuing Saga of the 'Economics and Politics of Failed Socialism
See link for the chart graphs on breakdown of the 15 States so far ....it ain't over until Jan 20th
Another co-op is shutting down, becoming the 15th to do so and bringing the total number of federal loans given to the failed nonprofit insurers to more than $1.5 billion.
Oregon’s Health Co-Op announced last week it will no longer be able to continue operating and will be shutting down. The insurance company is the third in the state to struggle financially and Oregon’s second co-op, following Health Republic Insurance of Oregon, to close its doors.
Oregon’s Health Co-Op’s closure affects more than 20,000 consumers living in the state, and customers have been advised to select new plans by July 31.
“It is with great sadness that I announce Oregon’s Health Co-Op is shutting down its doors immediately,” Phil Jackson, the co-op’s chief executive officer, said in a statement. “The board of directors agreed that it is in the best interests of our members a
Another co-op is shutting down, becoming the 15th to do so and bringing the total number of federal loans given to the failed nonprofit insurers to more than $1.5 billion.
Oregon’s Health Co-Op announced last week it will no longer be able to continue operating and will be shutting down. The insurance company is the third in the state to struggle financially and Oregon’s second co-op, following Health Republic Insurance of Oregon, to close its doors.
Oregon’s Health Co-Op’s closure affects more than 20,000 consumers living in the state, and customers have been advised to select new plans by July 31.
“It is with great sadness that I announce Oregon’s Health Co-Op is shutting down its doors immediately,” Phil Jackson, the co-op’s chief executive officer, said in a statement. “The board of directors agreed that it is in the best interests of our members a
Now we have medicare, medicaid, and obamacare and the health care costs have skyrocketed out of control.
I have to think its because of government interference, but its so complex I really dont know who or what to blame. I just know its not working.
Then I've come to appreciate the lawyer tax on the health care industry. Lawyers would sue and lawyers would defend. Money made all around. It brings to mind a former Democratic candidate for president, John Edwards. He's a lawyer that made his riches suing doctors and the health care industry. The brag during his run was he paid $300 for a haircut. That means some blue collar worker in Atlanta coughed up a $300 monthly health care insurance premium, which bought Edwards a haircut and there wasn't enough left over to get the worker an aspirin for a headache. When I was watching television in Florida recently, every 5 minutes I had to endure a lawyer commercial promising to make you rich by suing your doctor or some other arm of the health care system. Lots of $$$ in health care premiums not caring for health. I think Obamacare was just another bleeding tube to move money from the health care system into the legal system.
Yeah, term2, things seemed much more reasonable in younger days. When my first daughter was born I didn't have health insurance and even though I had a low paying job at the time, I could still afford to pay off the bills. Now it's a real "ouch" even after paying huge insurance premiums. I agree with "I just know it's not working."
I had to join MDVIP, which is what they call a concierge family doctor practice so I can actually get an appointment when I need it within a day or two Added $125 a month membership fee, but means that the visit isnt rushed. The MD has 300 patients instead of 3000 in order to make a decent living. I can also call him any hour of the day if its something really important.
Perplexed. Oregtons 70% government owned. How about we divide up those areas especially since BLM has proved they couldn't manage and adult male's age and sell it off with a real deed. No forest, mining, water, grazing or other exemptions. Throw in a 50% property tax exemption of what ever Oregon charges the rest of the State and it should pay off their debt with interest in short order. Can't be done. ? Oregon already does it for those who keep land with x number of trees per acre and other incentives. Florida uses the Homestead Tax Break.
Honestly who had the better odds of winning? Mhy lottery ticket or your voting method?
It's sort of a joke with my friends and family. I can only buy two or three tickets a year as it must be done persnally and I only cross the border on average 2.5 times a year. But swore to buy a real house and a Jeep or Hummer but only when I won the lottery.
Either way between the two of us I had better odds of winning yesterdays 360 million than winning at lottery voting and a greater chance of my vote ticket being changed to different numbers than any regular lottery. The best percentage is none of the above, the worst percentage of chance is a non leftist which currently is zero per cent chance of a win,
Still I recall when a man in Florida won two major lotteries two times in the same year.
So i call it laughingly my state tax since for Arizona, New Mexico, and California it's the only State Tax where the Sales Tax is turned into an Income Tax no matter in which State the winner resides. It only matters in which State the ticket was purchased. Of the border states only a ticket bought in Texas will increase the prize whcih is roughly the prize fund available divided by two less maximum federal tax and maximum state tax. Roughly one quarter or 62 million BUT only taxed once.
Best investment? All investments are risk taking. Prize divided by numbere of years life expectency with a fudge factor for unexpected longevity OR to cover a decent long term care facility AKA why bother living fund.......put the money in non interest bearing account, never pay taxes again. In truth the bank or banks become your mattress and the real life version is zero percent T-Bills as the least risk mattress of them all better than any bank coupled with FDIC.
Hard to figure now the rates are increasing near vertically each year when government induced inflation and devaluation are considered but absent that figure all risk is cancelled.
Makes for a conversation piece. There's no room for a coffee table.
Nice thing about death. After it occurs there isn't a damn thing any one can do about it.
Anyway it's all subjective. Only the last part is objective.
Three Facts of life. Birth, Living, Death.
Are we clairvoyant? Nope. Just rational. No matter how you squeeze it, 2+2 never equals 3.
However, too many have come to accept the mantra that universal health CARE is a universal right without making the necessary connection of who pays for whose care. Sickness, running the gamut from a bad cold to a winsome child with a life-threatening illness, plays into all of our protective impulses that prompt us to say -- this should not happen. However, it is an unavoidable fact of nature that it does. Very few are willing to say that those tragedies must be allowed to occur if we are to have a moral society, and private care and private charity are the only moral avenues for even those heart-rending cases.
First-year law students learn that "hard cases make bad law", when judges and lawmakers try to find a way to get the "right" result without getting there by the right road. I second the observation by term2 that in my childhood healthcare was readily available and within reach of ordinary people, and beyond that doctors regularly made house calls {gasp!} and took payments over time or in barter without the need for a huge, money-sucking insurance industry and a half-dozen billing staff in every practice larger than one or two doctors.
I have Medicare Part B & D which is mandatory to get military retirement pay without which yuu can''t get military medical for life which was supposed to be part of our retirement package.. It cost s$100 a month.
I pay out of pocket for the whole thing and it costs me about 40% of the cost of medicine in the USA for quality medical care, very inexpensive pharmaceuticals and no paying any of the quote non mandatory add ons that were supposed to be part of my military retirement package.
If it's convenient i can get a flu shot at WalMart but i can get one of those in Mexico for showing a passport and visa.
For $70 or dollars a year I have medevac insurance so if something truly devastating cost wise hits I can be flown to the nearest US Hospital which is required to provide stablizing care and then transport me to the appropriate care giver which means all that useless so far coverage MIGHT be useful.
Been easier just to allow repayment of the 40% of US medical costs bills if in another country. That alone would be a 60% savings which is a helluva lot more than Obamascare or HillaryCare ever offered.
Somewhere along the line a failure of logic was ingrained in people's mind. The cure for the ills of your problems is NOT more of the ills.
0's legacy of failure just keeps growing. HALLOLUYA