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Keyword: bluecross

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  • Phila. area faces hefty increases in Affordable Care Act rates

    10/17/2016 4:09:12 PM PDT · by Olog-hai · 10 replies
    Philadelphia Inquirer via ^ | October 17, 2016 — 6:06 PM EDT | Harold Brubaker
    Because of market turmoil and decisions by United Healthcare and Aetna to withdraw from Affordable Care Act exchanges in Pennsylvania for 2017, the remaining insurer in the Philadelphia area, Independence Blue Cross, has been granted bigger rate increase — 28 percent — than it requested in the spring, the state Insurance Department said Monday. Insurance Commissioner Teresa Miller said additional companies beyond United and Aetna were considering ending their ACA individual-exchange businesses in Pennsylvania. If that happened, some counties might have been left without any offerings on the exchange, which is where individuals have to buy plans to qualify for...
  • ObamaCare’s Meltdown Has Arrived

    10/06/2016 8:13:04 PM PDT · by Beave Meister · 52 replies
    The Wall Street Journal ^ | 10/6/2016 | ANDREW OGLES and LUKE HILGEMANN
    Tennessee is ground zero for ObamaCare’s nationwide implosion. Late last month the state insurance commissioner, Julie Mix McPeak, approved premium increases of up to 62% in a bid to save the exchange set up under the Affordable Care Act. “I would characterize the exchange market in Tennessee as very near collapse,” she said. Then last week BlueCross BlueShield of Tennessee announced it would leave three of the state’s largest exchange markets—Nashville, Memphis and Knoxville. “We have experienced losses approaching $500 million over the course of three years on ACA plans,” the company said, “which is unsustainable.” As a result, more...
  • For the first time, a county in America has lost all of its Obamacare insurers

    08/23/2016 4:59:36 AM PDT · by snarkpup · 46 replies
    Business Insider ^ | Aug. 22, 2016, 10:08 AM | Bob Bryan
    Cox told Business Insider that the situation in Pinal County will likely raise calls for a public option, or a government-run health insurance option similar to Medicare or Medicaid.
  • Blue Cross and Blue Shield of Minnesota Bails On ObamaCare After $500M Loss

    06/25/2016 8:29:04 AM PDT · by lowbridge · 25 replies
    Breitbart ^ | June 24, 2016 | Jlhn Hayward
    The partial withdrawal of Blue Cross and Blue Shield of Minnesota from the ObamaCare marketplace, driven out by staggering financial losses, is another important milestone in the collapse of the ill-conceived and inaccurately named Affordable Care Act. Providers have been bailing out of ObamaCare across the land, but not Blue Cross/Blue Shield providers. It’s not a total departure from the market, as CEO Michael Guyette took pains to explain at the Minneapolis Star-Tribune: In a sign of continuing tumult in the health insurance industry, the state’s largest insurer said Thursday it will no longer offer its traditional suite of flexible...
  • Blue Cross to stop accepting credit cards for insurance payments

    05/03/2016 7:17:57 AM PDT · by rightwingintelligentsia · 37 replies
    Chicago Tribune ^ | May 2, 2016 | Ameet Sachdev
    In the face of losses in the Affordable Care Act marketplace, Blue Cross and Blue Shield of Illinois is looking for new ways to cut spending. Starting June 1, the Chicago-based health insurer will no longer accept credit cards as a form of payment for members who buy their own health insurance on or off the Illinois marketplace. The company began notifying customers of the change last month. Blue Cross will still accept other forms of payment, including debit cards. The new payment policy will not affect customers in the group or Medicare markets. In an email announcing the new...
  • Blue Cross parent lost $1.5 billion on individual health plans last year (Illinois)

    03/11/2016 8:21:37 PM PST · by aimhigh · 13 replies
    Chicago Tribune ^ | 03/11/2016 | Ameet Sachdev
    Year 2 of the Affordable Care Act was another financial flop for the Chicago-based parent of Blue Cross and Blue Shield of Illinois but hints of a turnaround are emerging. Health Care Service Corp.'s financial losses in its individual business, which includes ACA plans, worsened in 2015. The company, which owns Blue Cross affiliates in Illinois and four other states, said it lost $1.5 billion in its individual business, up from $767 million in 2014, the first year of the health law's state exchanges for buying coverage.
  • North Carolina Blue Cross Raises Obamacare Plan Premiums (35%!)

    08/08/2015 2:01:53 PM PDT · by xzins · 14 replies
    CBN ^ | August 07, 2015 | CBN
    North Carolina's largest health insurer says high costs are forcing it to seek higher premium increases than expected. Two months ago, Blue Cross and Blue Shield of North Carolina said it wanted to raise rates by an average of almost 26 percent in January 2016. But now it's seeking an average 35 percent higher premium for insurance sold under Obamacare. North Carolina is not the only state facing steep raises. A study by the Kaiser Family Foundation says dozens of health insurers across the country are increasing premiums well beyond 10 percent for next year.
  • [NM] Blue Cross seeking 51 percent premium hike (Obamacare cost fallout)

    05/28/2015 9:23:09 AM PDT · by CedarDave · 20 replies
    The Albuquerque Journal ^ | May 28, 2015 | Jessica Dyer
    Citing higher-than-expected costs, Blue Cross and Blue Shield of New Mexico wants to raise premiums by an average of 51.6 percent on individual Affordable Care Act plans in 2016. The company made the request in a preliminary rate proposal filed with New Mexico Insurance Superintendent John Franchini. Blue Cross and Blue Shield – which insures an estimated 600,000 people statewide – said the proposal affects an estimated 35,000 customers who signed up for qualified individual health plans through the New Mexico Health Insurance Exchange, but also those who bought the same plans off the exchange. Franchini has the final authority...
  • Sonoma County Man Battling Cancer Denied Coverage By Anthem Blue Cross....

    05/29/2014 9:06:16 AM PDT · by Beave Meister · 17 replies
    CBS San Francisco ^ | 5/28/2014 | Andria Borba
    CAMP MEEKER (CBS SF) — A Sonoma County man battling more than a dozen tumors in his body is fighting a new battle with his insurance carrier, who has denied coverage for his treatments. Jeffrey Rusch of Camp Meeker knew the news was bad when an MRI found 20 tumors in his brain. Two days later, a C-T scan at Sutter medical center in Santa Rosa brought another devastating blow, discovering a large tumor in his lungs, and more in his liver and bones. Doctors told Jeffrey he would need to be hospitalized immediately. “My husband was having a lot...
  • Alabama Mom's ObamaCare Horror Story Gives America a Glimpse of Government-Run Healthcare

    01/01/2014 3:59:41 AM PST · by afraidfortherepublic · 95 replies
    Independant journal Review ^ | 12/31/2013 | Emily Hulsey
    Many of us can identify with the frustrating experience that Karri Kinder, a mother of two from Auburn, Alabama, has had with Obamacare. She penned this open letter to share her story: An Open Letter to the Obama Administration and American Citizens: My family’s journey with securing our new insurance under the Affordable Care Act (ACA) started on October 1, 2013. I have decided to write this letter to let the American people know what it has been like for us. We are a family of four, with two little boys’ ages seven years old and three years old. My...
  • Advocacy group behind White House Obamacare event funded by Blue Shield firm set to profit

    12/09/2013 1:32:58 AM PST · by Cincinatus' Wife · 3 replies
    Washington Examiner ^ | December 8, 2013 | RICHARD POLLOCK
    Small Business Majority, a pro-Obamacare advocacy group that helped organize a Dec. 3 White House promotional event, is substantially funded by a major health insurance firm that stands to profit from the federal program. Blue Shield of California is one of the three major insurance companies slated to sell its insurance policies through Obamacare's Covered California exchange. Small Business Majority brought nine of its members to the event, which featured 18 individuals standing behind President Obama. A Federal Register notice posted the day before the White House event said insurance companies, including Blue Shield of California, will get tax-funded "offsets"...
  • NC OKs higher rates to keep Blue Cross policies

    11/26/2013 8:10:21 PM PST · by NormsRevenge · 7 replies
    Yahoo Finance ^ | 11/26/13 | Emery p. Dalesio, - AP
    RALEIGH, N.C. (AP) -- North Carolina's largest health insurer will be allowed to raise premiums by between 16 percent and 24 percent on policies that would have been canceled for failing to meet minimum requirements required by the federal overhaul law, the state's insurance commissioner said Tuesday. Insurance Commissioner Wayne Goodwin said his office approved the rate increases as requested by Blue Cross and Blue Shield of North Carolina. The decision means people who had one of the nearly 152,000 cancelled policies could keep them next year at the higher cost. The plans for customers who buy their own policies...
  • Thousands in North Dakota face switch in health care coverages

    11/11/2013 12:01:28 AM PST · by 2ndDivisionVet · 3 replies
    WDAY-TV ^ | November 8, 2013 | Patrick Springer
    FARGO – Thousands of customers in North Dakota must switch health coverage because their plans are being discontinued due to new requirements under the Affordable Care Act. The three major health insurers in North Dakota were required to report to state regulators their enrollment figures and cancellations under the health reform act, commonly known as Obamacare. The state’s largest health insurer, Blue Cross Blue Shield of North Dakota, covers about 31,600 members – 17,000 in small groups and 14,600 individuals – whose insurance plans are being discontinued. That combined figure represents 8 percent of the North Dakota Blues’ 400,000 membership...
  • Former Dem Staffer Backs off on Obamacare

    10/31/2013 7:27:21 AM PDT · by Kaslin · 39 replies ^ | October 31, 2013 | Bob Beauprez
    As a staffer to an Illinois Democrat Congressman who voted for ObamaCare, Sue Klinkhamer "had constituents scream at me, spit at me and call me names that I can't put in print." Still she supported the health care take over engineered by the President and Democratic Congressional Leadership. But, no more. Now it's personal. And, hell hath no fury like a woman scorned. Klinkhamer is talking. Because of the provisions of ObamaCare, Klinkhamer has been notified that her insurance premium will more than double – from $291 per month to $647, a 122 percent increase. Following is the story of...
  • Regence BlueCross BlueShield Pulls out of Oregon’s Insurance Exchange

    10/23/2013 8:18:46 PM PDT · by PieterCasparzen · 4 replies
    The Lund Report ^ | 5/23/2013 | Diane Lund-Muzikant
    May 3, 2013 – When the dust settled and the insurers announced their proposed rate requests for Oregon’s insurance exchange, the state’s largest health insurer – Regence BlueCross BlueShield of Oregon – decided to back away. That decision came on the heels of Regence having the highest enrollment last year compared to its rivals -- 472,902 members – just slightly ahead of Kaiser Permanente – which had 464,637 members. ... Onlookers came away stunned. Regence had been at the table all along, testifying in favor of the exchange during legislative hearings and had staff attending work sessions organized by Cover...
  • Hundreds of Thousands Losing Insurance Because of ObamaCare

    10/23/2013 11:57:21 AM PDT · by rightwingerpatriot · 18 replies ^ | October 23, 2013 | RightWingPatriot
    The hits just keep coming with every day that brings us closer to the full implementation of ObamaCare. This vile piece of illegal legislation continually rains body blows to the gut of hardworking Americans. The mainstream media is starting to cover the story because the entire fiasco is just too big to ignore, but they're still doing their level best to cover up for Obama. Prepare yourself to continue hearing about the "glitches" on the government's $600 million plus website and for the media to keep replaying Obama's speech where the talks about how "incensed" he is over the faulty...
  • IBX cancels 24,000 plans that don't meet Affordable Care Act rules

    10/23/2013 5:55:54 AM PDT · by Oldeconomybuyer · 41 replies
    NewsWorks ^ | October 22, 2013 | By Sarah Whites-Koditschek
    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.
  • Congresswoman: Obamacare creating health insurance monopolies

    09/28/2013 6:03:39 AM PDT · by TurboZamboni · 28 replies
    daily caller ^ | 9-26-13 | Patrick Howley
    Rep. Renee Ellmers raised awareness of a new problem with Obamacare’s implementation: the creation of private-sector health insurance monopolies that will limit Americans’ provider choices. The major health insurance company Blue Cross Blue Shield, which is closely coordinating with the White House on Obamacare implementation, will enjoy perhaps the greatest monopoly of all, the North Carolina Republican said in a statement. “Although seven insurance companies currently operate in North Carolina, under the new Obamacare exchanges, those options will dwindle down to one in the majority of counties,” Ellmers said Thursday following the disclosure of figures by federal health officials showing...
  • Insurers flee States which will not permit them to make a profit. ObamaCare supporters stunned

    08/11/2013 8:53:50 AM PDT · by Oldpuppymax · 20 replies
    Coach is Right ^ | 8/11/13 | Doug Book
    “Looks like Obamacare is more “on track” than “train wreck,” gloated the experts on Barack Obama’s Think Progress website as they reported the Master’s healthcare scheme was literally forcing America’s insurers to lower their premiums. (1) The glad tidings arose back in May after Oregon providers Providence Health Plan and Family Care Health requested premium rate reductions from the state-run ObamaCare exchange. (Actually, the state just gets to PAY for the exchange. It’s RUN by Kathleen Sebelius at HHS.) Naturally this was big news for Affordable Care Act fans. After all, what could be better than private insurers wanting permission...
  • Blue Cross, Aetna, United, Humana Flee Obamacare Exchanges

    08/07/2013 2:41:24 PM PDT · by Olog-hai · 19 replies
    Cybercast News Service ^ | August 7, 2013 - 5:16 PM | Elizabeth Harrington
    Major health insurance companies—Blue Cross, Aetna, United, Humana—have fled the Obamacare health care exchanges in various states, which are scheduled to start on Oct. 1. Insurance companies like Aetna and United have said, “thanks, but no thanks” to the public health insurance marketplace set up under the Affordable Care Act (ACA), or Obamacare, which will facilitate government subsidies to individuals and small businesses to buy approved health plans to comply with the law. The ACA requires every American to have health insurance, or pay a penalty. Individuals who are not covered by their employer can enroll in the state or...