Insurance Startup Oscar Quits Two Markets, Rethinks Obamacare Plans : bloomberg

as informed in bloomberg

Insurance Startup Oscar Quits Two Markets, Rethinks Obamacare Plans

Insurance Startup Oscar Quits Two Markets, Rethinks Obamacare Plans

Health insurance startup Oscar Insurance Corp. will reevaluate its approach to Obamacare after suffering significant losses under the U.S. program and will pull out of two markets next year.Oscar, which pitches itself as a tech-savvy alternative to traditional health insurers, plans to end sales of Affordable Care Act plans in Dallas, a market it entered this year, and New Jersey.It's part of a more conservative approach by the New York-based company as it plans to introduce insurance products for businesses next year.


not to mention bizpacreview

Obamacare implodes across nation: Insurance markets are tanking, just as Democrats planned

Obamacare implodes across nation: Insurance markets are tanking, just as Democrats planned

While there has been some success with the Affordable Care Act in adding to the number of Americans who have health insurance, the government exchanges are "on the cusp of falling apart."…and it may all be part of the design.President Barack Obama's signature health care law, aka Obamacare, is wobbling because of built-in components of the law.Part of the plan to make Obamacare financially sustainable was that millions of young healthy Americans would enroll and that would offset the cost of older enrollees, who are much more likely to be filing claims.


in like manner breitbart

Obamacare Insurance Markets on Verge of Collapse

Obamacare Insurance Markets on Verge of Collapse

SIGN UP FOR OUR NEWSLETTERCiting the financial unsustainability of Obamacare, both the insured and insurers are fleeing Obamacare in increasing numbers, leaving President Obama's takeover of the nation's healthcare system on the verge of collapse.The administration has claimed Obamacare — officially designated the Affordable Care Act — to be a great success, insisting that 20 million previously uninsured Americans now have insurance.But according to a report at The Guardian, that "success" comes at the expense of all the features that were supposed to make the law sustainable.