Wednesday, August 7, 2013

Another Large Insurance Carrier Exits ObamaCare

National Review reports that "one more insurance company has announced that it’s pulling out" of an ObamaCare health-exchange...

 

(National Review) Aetna, one of the nation’s largest insurers, announced last Friday that it was pulling out of Maryland’s health insurance exchange after regulators demanded that it slash premiums the company had proposed by 29 percent, the Baltimore Sun reported.

The company, which recently purchased Coventry Health Care, said that it wouldn’t be able to cover its costs if it charged what regulators were demanding.

It is not the first time Aetna makes that decision somewhere, nor is it the only company to pull out...

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2 comments:

  1. Last week, I went to a meeting hosted by Blue Cross/Blue Shield of North Carolina. Blue Cross called the meeting to help inform customers how to navigate the changes that will be coming with the Affordable Care Act (Obamacare). The tone of the meeting was politically neutral--neither pro nor con.

    I learned a lot, and my impression of Obamacare changed as a result. I like the fact that things that are defined as "Essential Health Benefits" must be covered by all policies. These benefits include maternity, expanded mental health care, more pediatric care including dental, and vision care. Such features, presently excluded from most policies, or only available at extra cost, now must be included in all policies. I also like the fact that no one can be turned down for coverage, or charged astronomical premiums because of their health history, and that no person will ever be called upon to pay more than $6,350 per year for medical services (over and above their premiums). That's pretty awesome compared to bills in the hundreds of thousands of dollars that some events now generate.

    While Blue Cross could not tell us what the premiums will be in North Carolina (they say we will know some premiums in mid-September, and the rest at the beginning of October), it was pointed out that in at least three states (NY, California and Maryland) 2014 premiums will be lower than in 2013.

    Since North Carolina is one of the states that is not cooperating with Obamacare, I will have to go to the federal exchange to shop. After learning what I did at last week's Blue Cross meeting, I find myself wishing that North Carolina would work to help make this good for its citizens.

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  2. If one has to pay no more than $6.350 per year for Medical services and are married, that is $12,700 in addition to about $12,000 or more per year for premiums. Please tell me how anyone will survive after paying $24,000 per year? You haven't caught on yet. Obama wants everyone dependent upon the government. You should be glad that North Carolina is not cooperating. The sad thing is most of what you quoted could have been fixed by Congress a long time ago if they had wanted to. Congress and their staffs have opted out of Obamacare because they see the handwriting on the wall.

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Posted By: Chris Carmouche