Skip to comments.Insurers flocking to ObamaCare
Posted on 06/15/2014 7:58:11 AM PDT by Oldeconomybuyer
Health insurance companies suddenly want in on the ObamaCare action.
With a difficult launch year out of the way, insurers are seeing a moneymaking opportunity in the federal healthcare program and are lining up to offer plans on the ObamaCare exchanges in 2015.
In the 10 states where data is available, at least 27 new insurers have indicated they will offer plans on the marketplaces in 2015. Each additional carrier will expand the number of plans sold on the exchanges, since none of the carriers already offering plans have indicated they will drop out.
The surge in participation is being touted by the White House, and indicates that many of the ObamaCare exchanges are taking root despite the broader unpopularity of the law and opposition from Republicans on Capitol Hill.
Healthcare experts, who had long predicted that more insurers would join ObamaCare in the second year, say major players in the industry cant afford to stay on the sidelines after more than 8 million people signed up for coverage in 2014.
(Excerpt) Read more at thehill.com ...
Great new options with $3000 deductibles, $4000 premiums and your choice of 5 doctors!
And why not join the party if Obama promises to indemnify them against losses.
That’s right. It’s the American citizen who is getting screwed.
More evil insurance companies. It would be so much better if they just nationalized it.
Pray America wakes up
When Medicare Advantage started in my state, it had over a dozen company providers offering nearly 3 dozen different plans.
Each year, that number had shrunk.
Last year, it down to about a half-dozen providers and a dozen plans.
This year, for my area, I had 3 plans available from 3 providers.
I would expect similar with Obamacare. Insurance companies may rush in now that it seems lucrative, but many will likely drop out in future years.
—Speak Out New website
Seeing a money making opportunity? Hell, they wrote the law that allows them to feed at the public trough. It’s a well known fact that industry lobbyists carved out plenty of pork for themselves.
The companies now see that the government is covering any potential losses they may have. Why the hell would they not want in on that?
Great minds think alike. (grin)
This is another government/corporate rape of the middle-class.
Here in MT wife and I paid cash for everything and only did what was mandatory. Cost= about 30,000 a year in loan payments for surgeries, Diabetes, and just everyday living, everything else? All high dollar medicals expenses are being held off until we sell out and retire.
Now with the MT exchange my premiums are 800.00 month for both of us with a total out of pocket of 7500.00 in deductibles. We’re in the middle of one treatment I’ve held off for years that is 130,000.00. Next one is a 9000.00 surgery and to top it off I have about 200,000.00 that needs to be done to replace 3 neck discs plus one in the back.
Now I’m not stupid and I know all of this will come back to bite the “Yes we Can” generation” and everyone alive but I pay right at 52% of our income to the state right now and don’t want to be in a precarious health & financial situation when this whole mess shakes out.
Obama gave many speeches about the Insurers and that they were making way too much money ,so now he’s going to pay them off with tax payer money to keep them on side
Re your post #10, that was my first thought when I saw this story. Nothing like making money with no worries about losses when Uncle Sugar is standing by to indemnify you!
Eight million of 320 million Americans have signed up for ObamaCare and this has the “insurers” flocking to ObamaCare? Get the flock outta here!
Didn’t Jeh Johnson declare that welfare doesn’t encourage people to get welfare? Heck if someone called me up and told me they will force people to buy my services and pay me what I want regardless if I provide any services I’m all in.
Are you saying you lived on $30,000 a year or that was the cost of your medical?
With your Obamacare premium at $10k annually, you’re not getting a subsidy. Is that premium cost cheaper than you could get insurance for before?
Just wondering since we are planning an early retirement.
No only our med bills were that much. 30,000.00.
Actual income is too much for a subsidy.
But, since I’m getting more medical work done then I’m actually paying for to me that’s a huge subsidy.