Posted on 10/23/2013 5:55:54 AM PDT by Oldeconomybuyer
Independence Blue Cross has sent out cancellation notices to 24,000 members in the Philadelphia region whose insurance plans do not comply with new rules under the Affordable Care Act.
The cancellations were sent to about half of the Independence Blue Cross individual plan members in the Philadelphia region who purchase insurance on their own because they don't get it through work.
(Excerpt) Read more at newsworks.org ...
On so many issues the MSM has managed to stay detached from the consequences of liberal tax and spend policies. Not in this case. I often wondered what issue would be the tipping point. The one that made them turn. I think this one is it.
“If you like your health care, you can keep it! As long as I like it too...”
Leftists have a choice -
Obama was lying or stupid.
(and don’t bother replying with both, FReepers, I know, I know)
Hate to see decent people hurt but dont mind registered Democrats suffering....kinda like it!
I hope you’re right. I pray you’re right.
Thanks. We’ll see.
Got word my plan’ll be cancelled in January, but I started a job that will offer me health insurance in December.
Still, I wonder how long it’ll be before this kind of control over healthcare plans is used for...political reasons.
The call the phone number that doesn’t work either. duh
The government buys them a computer.
I just wonder how long my company will continue to offer plans before just jumping to the penalty and paying the employees the difference.
How right you are. Not only are the deductibles huge - $12,000 for a family of 4 in New Hampshire - but at least in our state there are no benefits for out of network hospitals and doctors. And the network doesn't include many hospitals in New Hampshire, and none of the research hospitals in Boston where truly sick patients all go for specialized care.
So the insurance company writing the policies in New Hampshire won't be paying for high risk pregnancies, neonatal intensive care, childhood cancers, severe burn treatment, transplants, or all the other complex medical procedures which are handled by specialists at the research oriented hospitals in Boston.
Basically they aren't insuring much of anything. If you or a family member are sick enough to cross the deductible threshold your doctor has probably already referred you to a specialist. And previously your insurance would have payed, even if the specialist was out of network. Not anymore, the Obamacare policies in our state at least don't provide you any insurance coverage for the critical care you or your kids need if you are really sick or injured.
And one more thing - the lowest premium is around $1300 per month, so the insurance company brings in $15,600 per year against a policy with a $12,000 deductible. Hard not to make a profit at that!
Sit back and watch...every single Senator...even Republicans...will be investing heavily for 2014. No one is about to miss this golden river of cash.
United Health Group is sitting at $68.14 today. By December of 2014...I will wager you a hundred bucks that it’s sitting close to $100 in fourteen months. It’s even paying $1.12 on dividends per year.
Don’t be too sure about high-deductible plans reaping huge profits, although there is a tendency for people to skip getting treatment until their problem is really severe. Usually by going to the ER
This will bend the cost curve in the wrong direction. Up.
Also the ACA has required since 2011 that insurers rebate their gains if claims expenses are less expected.
So . . profits are mailed back to the customers. Losses are eaten by stockholders. It’s what’s called asymmetric risk.
In October alone,
0bamaCare has caused more than twice as many insurance policies to be cancelled than have created accounts on the 0bamaCare website.
0bama will blame “price gouging” by Insurance Companies, and institute price controls by executive fiat.
I’m in Virginia but my parent company is in Philadelphia and this is my insurance plan. This affects way more than just the Philly people.
Oh my goodness, you may be right!
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