Posted on 07/23/2015 4:23:13 PM PDT by Oldeconomybuyer
There's a battle brewing behind the scenes to keep health plans affordable for consumers. The Obama administration weighed in this week, sending letters to insurance regulators in every state and Washington, D.C., that ask them to take a closer look at rate requests before granting them.
In Maryland, for example, the dominant insurer on the exchange, CareFirst, is asking for a rate increase of 30 percent for some of its plans. In Kansas, Blue Cross and Blue Shield of Kansas is seeking increases averaging 37 percent.
Insurance industry consultant Robert Laszewski says that forcing people to change plans in order to avoid huge increases is just one problem of many. "There's big trouble in Obamacare land," he said. "The biggest carriers are losing their shirts" and thus seeking the biggest rate increases.
(Excerpt) Read more at npr.org ...
Why doesn’t the President just issue an Executive Order that ALL PUBLIC EMPLOYEES in the US shall sign up for and receive their health insurance from the Affordable Care ACt in their State.
The Millions of new participants will save them from bankruptcy and remove the need to raise rates.
No rate hikes = Insurance carrier bankruptcy = collapse = single payer
Either that or they keep the rates stable but hike our deductibles into five figures.
That would still result in a collapse, though, because at that point most of us would take our chances without health insurance.
Agreed. Quite frankly, however it’s sliced or diced, all roads lead to collapse. By design.
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