New York TIMES Socialism Hail Mary
Like rats abandoning a sinking ship the insurance companies are leaving the Obamacare Exchange. To counter this fact the New York TIMES today has socialist propaganda titled: Trump Says Market is Failing but One Insurer Bets Big on Obamacare by Margot Sanger-Katz. Margot starts with, “The Obamacare insurance markets aren’t as shaky as President Trump seems to believe.” I’m rolling on the floor here. Margot reports that Missouri Medicaid Company Centene is going to plug all of the holes in America where Obamacare has eliminated all insurers in 2018. Centene is flush with cash because they are Medicaid billionaires. When TrumpCare is passed the shareholders of Centene will have a tear in their beer when their stock plummets. When Obamacare was passed Centene stock was $9 a share and today it is flying high at $78. Centene stock is headed to ZERO with TrumpCare.
The NY TIMES reports, “Centene has experience being the only insurer in a market. It was the sole carrier in Maricopa County in Arizona, a place forsaken by its competitors.” Centene’s business model is to sell insurance where all competition has been eliminated by government regulation. The NY TIMES further asserts, “Economists generally view such bare counties as a good bet for insurance companies, which would face no competition and little resistance from local regulators if they charged high prices for coverage.” Centene CEO Neidorff says, “The vast majority of Obamacare marketplace customers receive federal subsidies to help purchase their coverage and would essentially not be harmed by any price increases.” In other words, Neidorff thinks you can massively overcharge for insurance because nobody cares as the Federal taxpayers are footing the bill, disgusting.
You are lucky that I am an insurance salesman and can make this simple for you. In Maricopa County in Arizona, zip code 85002, Centene charges way too much for worthless HMO coverage. 30-year-old couples with two children are charged $1,234 a month, $14,808 per year, for a $6,800 deductible per person, which pays nothing if a sick child goes out of network. In contrast, in the free and open market United Health Care, the Nation’s largest insurer, has Short-Term-Medical (STM) for this family with a little $2,500 per person deductible then 100% coverage, on a much better PPO plan, for just $487 a quarter or $1,948 a year. America wake up, would this young family prefer to pay $14,808 a year for Centene’s worthless HMO with a sky-high deductible or $1,948 a year with a little deductible and save $12,860 so they will be able to purchase Christmas presents for their children?
Centene doesn’t care about value for their customers and their plan doesn’t qualify for a tax free HSA so their families pay Federal and Arizona State income tax on medical, vision and dental expenses making them even more expensive. If this family gets the better PPO coverage and saves in their tax-free HSA they will save $2,025 in taxes (30% combined Federal and State income tax) or they save more in taxes than the cost of their family’s health insurance!
Centene CEO Neidorff is sweating bullets because he knows that when TrumpCare is passed and this Maricopa County in Arizona family gets their $9,000 in Trumpcare age-based tax credits and has to decide to get Centene’s $14,808 plan or United Health Care’s $1,948 HSA-PPO plan, Cenetene will be just a bad memory from America’s corrupt past.
Goofball Neidoroff is making $22,000,000 a year and serves as Treasurer of The John F. Kennedy Center for the Performing Arts.
Read the entire New York TIMES worthless propaganda trying to save Obamacare here: PROPAGANDA ALERT