Aetna exits CA socialist medicine scheme for individuals

Dr. GigglesJune 18, 2013

By John Seiler

Wait! Wasn’t Obamacare supposed to give medical care and insurance to everybody, at a lower cost? How can that happen if insurers exit? This just in:

Aetna Inc. said it would stop selling individual health insurance policies in California next month, and nearly 50,000 existing policyholders will have to find new coverage by January.

“The company’s announcement Monday comes a month after it opted not to participate in California’s new state-run insurance market for consumers, a key component of the new federal healthcare law.

“Aetna was a distant fourth in the state’s individual health market with a 5.2% market share in 2011, according toCitigroup data. Anthem Blue Cross, Kaiser Permanente and Blue Shield of California dominate that business with a collective 87% market share in the state.”

This is just another indication that socialism doesn’t work. It’s just the first of many breakdowns in the system. Eventually, we’ll end up with a crummy, government-run system like Canada’s, where you have to leave the country to get care for anything serious, the way Newfundland and Labrador Premier Danny Williams did.

Except that Canada’s socialized medicine costs 8 percent of GDP, half what America’s does, and will. So Canadians can save up for money to travel South for capitalist medicine. By contrast, Americans will continue paying 16 percent of GDP, twice the Canadian cost. So we won’t be able to save up to go elsewhere for health care. We’ll all die miserably waiting in long lines for Obamacare.

4 comments

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  1. Ulysses Uhaul
    Ulysses Uhaul 18 June, 2013, 20:59

    Sounds depressing. Donkey fodder…..

    The unknown……due to surge in demand will costs rise to the moon?

    Reply this comment
  2. jimmydeeoc
    jimmydeeoc 18 June, 2013, 23:18

    “……due to surge in demand will costs rise to the moon? ”

    Up until tonite the jury was still out. No more.
    ————–
    The American Medical Assn. voted Tuesday to declare obesity a disease, a move that effectively defines 78 million American adults and 12 million children as having a medical condition requiring treatment.
    ————–

    The AMA just broke the bank. Legislatures at all levels treat AMA edicts as gospel. This will soon be written into every piece of insurance legislation.

    “One of these days, Alice…POW!….to the moon!”

    http://www.latimes.com/news/science/la-sci-obesity-disease-20130619,0,4422080.story

    Reply this comment
  3. Donkey
    Donkey 19 June, 2013, 06:33

    When the RAGWUS goons are involved costs will at least triple, as the RAGWUS feeders pour into the Obamacare boondoggle the “health system” will surpass schools in the amount of wasted wealth. 🙂

    Reply this comment
  4. Queeg
    Queeg 19 June, 2013, 12:26

    Donkey lucid today…..good Donkey!

    Reply this comment

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