In 2009-2010 the health care companies twisted Joe Lieberman's Connecticut arm to prevent "The Public Option" from occurring. So, in order to pass the healthcare law "The Public Option" was eliminated.
February 14, 2017
By Bertha Coombs
..."Based on our initial analysis of data (click here) associated with the company's health-care exchange membership following the 2017 open enrollment period, we continue to see further signs of an unbalanced risk pool," said Humana CEO Bruce Broussard, on a conference call with analysts Tuesday. "Therefore, the company has decided that it cannot continue to offer this coverage for 2018."...
Now, Humana first wanted an anti-trust merger to control it's costs. Anti-trust, also known as "No Competition," was suppose to work to save the company's interest in the individual market.
Well, here we are now in 2017 and there is no "Public Option" and Humana can't stand the strain of the unbalanced pools. See, the individual policies are interesting enough if it can be placed over a wider pool of subscribers. Dilute the liability and increase income. But, when a merger to bring more assets vs costs involves two huge insurance companies it is unworkable. The facts are clear, "The Public Option" had it's place.
The truth is "The Public Option" still has it's place, only today it is called "Medicare for all." It is where Bernie Sanders stated the country would have to go to insure all the citizens of the USA. People who do not have access to individual markets for whatever reason they don't should be given the option of Medicare. They can still apply for Medicaid. Medicare is not cheap. New subscribers to Medicare Part B are now paying $150 per month. That is a significant jump from $104 per month which had stood as the monthly premium for a long time.
Yes, Medicare and it's parts can be expensive. It is really a joke to hear Republicans talk about Medicare as if it is a gift to citizens over 65. It is not a gift. To begin, people have paid into these funds and it is rightfully their's to have when they qualify. But, the premium costs to Part B is not joke to most seniors. A fee of approximately $150 per months comes to $1800 per year.
Medicare isn't free, except, for Part A. There needs to be a "Medicare for All" option for Americans that do not have individual markets in their state.