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Health insurance company on the verge of crippling Obamacare profits handsomely from the government

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On Monday, the Obama administration announced that premiums on the Affordable Care Act (ACA) marketplace insurance plans are expected to jump by double digit percentages in 2017. But that’s not the end of the bad news for people hoping to buy insurance through the ACA: many markets will be monopolized by a single insurer, hardly a competitive environment that’ll benefit consumers.

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As the Associated Press reported, 1 in 5 customers will be forced to rely on just one insurance company for their coverage.

The announcement confirmed fears about the future of the ACA, particularly after several major insurance companies pulled out of many of the marketplaces earlier this year.

Chief among them was AETNA, whose CEO said yesterday that the ACA wasn’t working because young people preferred buying beer to buying health insurance. “As the rates rise, the healthier people pull out because the out-of-pocket costs aren’t worth it,” CEO Mark Bertolini said. “Young people can do the math. Gas for the car, beer on Fridays and Saturdays, health insurance.”

As Fortune reports, the company is profiting handsomely from another segment of the ACA. “Revenue jumped 6% to $15.8 billion thanks to plans it sells via contracts with state Medicaid insurance programs and the federal Medicare insurance for the elderly.”

The health care companies’ windfall is due in large part to Medicaid expansion under the ACA.

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“Solid performance among our core businesses and a focus on managing general and administrative expenses have once again offset pressure from our ACA-compliant products, resulting in a strong third quarter for the company and our shareholders,” said Aetna executive vice president and chief financial officer Shawn M. Guertin.

As long as the share-holders are happy.

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One of the 2 articles of impeachment against Trump points the way to disqualify him from running for president again

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If President Donald Trump were to be acquitted on articles on impeachment in a U.S. Senate trial and win reelection in 2020, he would be the first president in United States history to be impeached in the House yet win a second term. That’s one possible scenario, depending on what happens in a likely Senate trial and the 2020 presidential election. But journalist Lauren Frias, in an article for Business Insider, describes another scenario: Trump is removed from office by the Senate yet runs for president again anyway.

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Trump pretends he was in the military during White House reception

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President Donald Trump held a White House Hanukkah party a few weeks before the Jewish holiday and during the event, he seemed to be claiming he served in the military when he didn't.

"Like we used to say in the military, make a path,” Trump said.

https://twitter.com/jeffmason1/status/1204938676876263425

Trump not only never served in the military he actively dodged the draft, getting a pass due to alleged bone spurs in his feet. It's unknown if Trump actually has bone spurs, but such a condition doesn't disappear.

Bob Kerrey, a former Nebraska Senator and SEAL officer in the U.S. Navy went after the president in March demanding to see proof of the bone spurs.

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America shocked Louie Gohmert outed suspected whistleblower during hearing

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Rep. Louie Gohmert (R-TX) named the latest person that right-wing media believes is the White House whistleblower during Wednesday's impeachment proceedings in the House Judiciary Committee.

https://twitter.com/AndrewDesiderio/status/1204926692428570624

People were shocked by Gohmert's speech. People suggested the Texas Republican should be referred to the House Ethics Committee for investigation and/or be censured and/or expelled from the House of Representatives.

Here's some of what people were saying:

Cut his mic, escort him the hearing, strip him of all committees....then make him sit a Matt Gaetz and Jim Jordan's lunch table!

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