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IBX cancels 24,000 plans that don't meet Affordable Care Act rules
NewsWorks ^ | October 22, 2013 | By Sarah Whites-Koditschek

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 ...


TOPICS: Constitution/Conservatism; News/Current Events; Politics/Elections; US: Pennsylvania
KEYWORDS: 0carenightmare; bluecross; cancellationnotices; failure; ibx; insurancedeductible; obamacare; obamacareanecdotes; rinocare
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To: Oldeconomybuyer
Image and video hosting by TinyPic

If you like your plan, you can keep it...

http://www.youtube.com/watch?v=KoV0NeHNklk

21 posted on 10/23/2013 6:29:25 AM PDT by SoFloFreeper
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To: Bulwyf
The fact that it is spreading means that a significant number of the MSM will eventually be swept up in its net. That is when they will no longer carry the Obamacare water for Emperor Obie.

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.

22 posted on 10/23/2013 6:30:00 AM PDT by gov_bean_ counter (Romans 1:22 Professing themselves to be wise, they became fools)
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To: Oldeconomybuyer

“If you like your health care, you can keep it! As long as I like it too...”


23 posted on 10/23/2013 6:30:32 AM PDT by Mr. K (Lies, Damned Lies, Statistics, and then Democrat Talking Points.)
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To: SoFloFreeper

Leftists have a choice -

Obama was lying or stupid.

(and don’t bother replying with both, FReepers, I know, I know)


24 posted on 10/23/2013 6:31:24 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Oldeconomybuyer

Hate to see decent people hurt but dont mind registered Democrats suffering....kinda like it!


25 posted on 10/23/2013 6:37:17 AM PDT by rrrod (at home in Medellin Colombia)
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To: Oldeconomybuyer
"You can keep your present plan, I guarantee it".
26 posted on 10/23/2013 6:37:18 AM PDT by JPG (Yes We Can morphs into Make It Hurt.)
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To: Oldeconomybuyer
If you like your plan, you can keep your plan!


27 posted on 10/23/2013 6:37:59 AM PDT by ProtectOurFreedom
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To: gov_bean_ counter

I hope you’re right. I pray you’re right.


28 posted on 10/23/2013 6:39:54 AM PDT by Bulwyf
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To: Bulwyf

Thanks. We’ll see.


29 posted on 10/23/2013 6:42:57 AM PDT by gov_bean_ counter (Romans 1:22 Professing themselves to be wise, they became fools)
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To: Oldeconomybuyer

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.


30 posted on 10/23/2013 6:43:59 AM PDT by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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To: FES0844

The call the phone number that doesn’t work either. duh


31 posted on 10/23/2013 6:59:09 AM PDT by mykroar (China and Russia are playing chess while Obamas's playing 52 card pick-up.)
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To: FES0844
How do the “poor” who don’t have computers sign up???

The government buys them a computer.

32 posted on 10/23/2013 6:59:16 AM PDT by Right Brother
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To: RWB Patriot

I just wonder how long my company will continue to offer plans before just jumping to the penalty and paying the employees the difference.


33 posted on 10/23/2013 7:02:07 AM PDT by mykroar (China and Russia are playing chess while Obamas's playing 52 card pick-up.)
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To: pepsionice
This higher deductible game that everyone is being forced into....means generally more profit in the companies account at the end of 2014.

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!

34 posted on 10/23/2013 7:26:46 AM PDT by freeandfreezing
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To: freeandfreezing

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.


35 posted on 10/23/2013 7:33:20 AM PDT by pepsionice
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To: pepsionice

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.


36 posted on 10/23/2013 7:57:34 AM PDT by Strident (< null >)
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To: Oldeconomybuyer

In October alone,

0bamaCare has caused more than twice as many insurance policies to be cancelled than have created accounts on the 0bamaCare website.


37 posted on 10/23/2013 8:00:50 AM PDT by Uncle Miltie ("So the minimum plan for obamacare is 100 bucks a month I like you Obama but nigga I'm broke")
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To: pepsionice

0bama will blame “price gouging” by Insurance Companies, and institute price controls by executive fiat.


38 posted on 10/23/2013 8:02:03 AM PDT by Uncle Miltie ("So the minimum plan for obamacare is 100 bucks a month I like you Obama but nigga I'm broke")
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To: Hyman Roth

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.


39 posted on 10/23/2013 8:09:24 AM PDT by BubbaBasher ("Liberty will not long survive the total extinction of morals" - Sam Adams)
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To: Right Brother

Oh my goodness, you may be right!


40 posted on 10/23/2013 8:20:24 AM PDT by FES0844
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