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Aetna CEO Mark Bertolini joined CNBC’s Squawk Box Wednesday to discuss Obamacare’s recent troubles, revealing that only 11 percent of those signed up for insurance under the law were previously uninsured.
“Right now we only see that 11 percent of the population is people that were formerly uninsured are now insured, so we didn’t really eat into the uninsured population,” Bertolini said.
Those under the federal poverty level were told to go to your department of social services to get free healthcare.
They dont fit under the Obama care plan.
Those above that are told to purchase it out of pocket. There is a cost sharing plan in effect. It helps cut the cost for some people within 200% of the poverty line.
reply to post by xuenchen
Keep in mind 2 things.
1. many States have not expanded Medicaid (20 - 25 maybe?).
2. many people who work or have income or have money in a bank account do not qualify for Medicaid and can't afford the insurance deductibles.
Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.
In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.
Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn't being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.
“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.
“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent. This number obviously includes some people who are not or never plan to seek employment.
reply to post by Wrabbit2000
Ohh so its a funding thing.
Here is a solution....national healthcare.
Forget the safety net forget the individual funding.
True universal healthcare.
The great strength of Australia's system is affordability and access, according to GlobalPost's Alan Mascarenhas. It offers cradle-to-grave health care for everyone and covers most or all of the costs for physician consultations, as well as specialists’ fees and X-rays and pathology tests. Treatment in public hospitals is free.
Though, as Mascarenhas points out, Australia's system is far from perfect. About 40 percent of Australians choose to purchase private insurance, making them eligible for treatment in more exclusive, privately-run hospitals.
Where *ARE* all the "UnInsured"?