Maryland "Freak State" PING!
Posted on 05/22/2015 7:58:18 AM PDT by george76
Proposals set the stage for debate over federal health law’s impact.
Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the law’s impact.
In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016. The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products. Moda Health, the largest insurer on the Oregon health exchange, seeks an average boost of around 25%.
All of them cite high medical costs incurred by people newly enrolled under the Affordable Care Act.
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The 2010 health law made sweeping changes to the way medical insurance is sold to consumers who don’t get coverage through jobs or a government program such as Medicare. The federal government subsidizes premiums for some consumers, based on income, and the validity of those subsidies in most of the country is the subject of a lawsuit the Supreme Court is expected to decide in late June.
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Insurance premiums have become a top issue for consumers and politicians as they evaluate how well the law is working. Obama administration officials weathered a storm as some younger, healthier consumers saw their premiums jump when the law rolled out
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This is round one.
(Excerpt) Read more at wsj.com ...
What a surprise. Never say that coming
And they believed they could safely jump on board this travesty, just trust Big Ears, and not worry about push back.
Oh boy what a mistake.
Outrage...collapse....single payer.
Repeat as necessary.
Thank you Mr. Obama.
FUBO.
My sentiments exactly………..
Client is one of the three biggest health care insurers, whose CEO actually co-authored ACA with Obola and dems.
Insurers are guaranteed 85% reimbursement by govt taxpayers for ACA loses.
Insurers earnings have benefited greatly from ACA.
Asking for outrageous rates hikes is a compromise game that HC insurers continue to play well, ie: ask for a 35% rate hike, begrudgingly concede to 20%, knowing full well that 10% was sufficient.
Deliberate madness will continue until we are incrimentally forced into single-payer, just as Klinton and dems planned all along.
Single payer will put them between rocks and hard places too.
Right you are using conventional logic.
However, HC insurer C suite leadership for the big four do not care about long term years out repercussions whether their companies will exist in the form of previous business model.
They are reaping Huge salaeies, bonuses, stock price & options which ensure they’ll be fine in future retirement.
They know single payer is a foregone conclusion.
Client is planning on functioning as single payer administrator, and provide provider & enrollee care services, ie: patient care and outcome monitoring via big data analytics, for instance.
Unfortunately you can expect Huge deterioration in health care services as physicians continue to retire in droves due to ACA / Medicare hassles & underpayment, and remnant of docs are consolidating their practices with hospitals.
HC costs will assurdedly continue to soar and hurt consumers in the face of real income earnings decline.
Stay healthy, avoid disease and accidents.
You won’t be able to afford not to.
The ACA 2000+ page pincer takeover of 18% of the economy was done dilberately by our Marxist - Muslim America hating WH occupant and his insane followers.
Sure I can see packing golden parachutes.
But that’s all they are going to have if this rocket ship to folly-land keeps up. They will be made scapegoats for every problem in the New Socialized Medicine regime.
BUT BUT BUT. Think how high it would be without Obamacare. I am making plans on what to spend my money on when I get that $2500 savings.
Reducing health care costs, right?
Maryland "Freak State" PING!
Covering pre-existing conditions is just like covering a barn that is already burning.
It is not insurance at all. It is payment to recompense a loss in process.
So surprise is not the word that should be used. This was clearly foreseeable and probably was. But they lied and said all these extra benefits wouldn’t cost anything.
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