By Toluse Olorunnipa
Monday, October 03,
President Barack Obama said his signature health-care law
has “real problems” that have been exacerbated by congressional gridlock and
political polarization.
“They’re eminently fixable problems in terms of
strengthening the marketplace, improving the subsidies so more folks can get
it, making sure everybody has Medicaid who was qualified under the original
legislation, doing more on the cost containment,” Obama said in an interview
published Sunday in New York Magazine. “But you hit a point where if Congress
just is not willing to make any constructive modifications and it’s all
political football, then you’re getting a suboptimal solution.”
The Affordable Care Act is under strain after an exodus
of major health-insurance companies from government-run marketplaces called
exchanges, as well as large rate hikes in many states. Minnesota’s commerce
commissioner, Mike Rothman, said on Friday that he would allow insurers selling
individual plans in the state to raise their prices by at least 50 percent next
year after the near “collapse” of its market for individual coverage.
Many Republican-run states also still refuse to expand
Medicaid, the health program for low-income people, as called for under the
law.
Trump, Clinton
Republican presidential nominee Donald Trump has pledged
to repeal Obamacare if he wins election in November. Democratic nominee Hillary
Clinton has said she would fix it, and some Republicans in Congress say they’d
be willing to work with her to do so.
Last month, Obama met with top executives from more than
a dozen health insurers, including Humana Inc. and Cigna Corp., to re-affirm
his support for the Affordable Care Act after several companies retreated from
the exchanges.
Harken Health Insurance Co., a unit of UnitedHealth Group
Inc.,the biggest U.S. health insurer, said last week it would withdraw from the
two markets where it was selling plans, in Georgia and Chicago. The company
said it would continue to sell individual plans off the exchanges.
‘Challenges’
In a letter last month to health insurance companies,
Obama said there had been struggles in implementing the law.
“We know that this progress has not been without challenges.
Most new enterprises have growing pains and opportunities for improvement,”
Obama wrote in the letter. “The marketplace, while strong, is no exception.”
The Affordable Care Act relies on privately run insurers
to sell health plans to individuals through the exchanges, usually with
government subsidies to reduce the price. About 11.1 million people were signed
up for Obamacare plans at the end of March, according to the U.S.
Enrollment for coverage in 2017 opens Nov. 1, a week
before the U.S. presidential election.
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