Skip to comments.Aetna to exit California's individual insurance market
Posted on 06/15/2013 2:04:05 PM PDT by mdittmar
Aetna Inc (AET.N) said on Saturday it has notified California's insurance regulator that it plans to stop selling health policies to individual consumers in the state at the end of 2013.
The company will continue to offer health insurance to employers and Medicare beneficiaries in California, as well as dental and life-insurance products, Aetna spokeswoman Anjie Coplin told Reuters. But people with individual health coverage with Aetna will have to find alternative coverage by year's end.
Aetna had informed California Insurance Commissioner Dave Jones of its decision to exit the market, Coplin said, but it was still in the process of notifying members and brokers.
The move comes as California, the country's most populous state, prepares for the fall launch of a state health exchange authorized by President Barack Obama's Affordable Care Act.
(Excerpt) Read more at reuters.com ...
Who knows how long? You’re correct, it’s bound to happen if things stay on this course. The idea they have is to sweep everybody into a pool that separates people who have money from their money, to take care of the people who don’t have it. (Except what the gummint keeps “for expenses.”)
It’s reasonable to assume the “poor” in this scenario can be counted on to vote for the politicians who keep the cash flowing their way. Rush Limbaugh went on for a while about this Friday. The Rats don’t just want to keep a lot of people mired in poverty, they absolutely depend upon it. If people insist on getting out of the poverty, they need to import more to replace them, hence the all-out push to legalize illegal aliens.
Major medical 3 years ago was almost 400.00 per month with a 10,000.00 deductible. Hate to see what it is now or will be in a year or two.
Yes and that deductible is yearly, so if you get sick say at the end of the year and continue into the next year you have that 10000 deductible all over again..not affordable for a lot of folks.
I'm in NJ but am looking to establish residency in PA. The savings in car and medical insurance alone would pay the mortgage on a second house. Property taxes are a fraction and state income taxes are half. People are allowed to work in NJ but live in PA and pay PA state income tax rates. Pike County in northeast PA is near 95% white, votes Republican, and has low population density. They have hunting, fishing, boating, skiing, ATV trails, and the doctor's waiting rooms will not be filled to capacity with Obamacare freeloaders. A pilot's license doubles someone's commute range. NJ stinks.
Texas did not jump on the exchange bandwagon but that is only part of the problem. I think it’s going to be interesting to see what California does with the coverage and fees for other carriers like Blue Cross. Several patients of one of my doctor clients currently have coverage through their employer. Even though they work in Texas, their plan is written and handled by BC of California which is where their home office is located. One of them is already complaining loudly about the new regulations and premiums on his policy.
I work with many different carriers in many different states and California BC is absolutely the pits.
So now it's "SO LONG, IT'S BEEN GOOD TO KNOW YA!" (to the golden state once again)