Replies to post #28263 on Economic Collapse

[Bertsllc]

Thanks Obamacare: Texas Health Insurance Costs Will Soar By 60%



... but one state was missing: Texas, which is the health-care law's third-largest market behind Florida and California. We now may have found the reason why.

According to the Houston Chronicle which cites federal regulator filings, Blue Cross and Blue Shield of Texas - the state's largest insurer - has asked for rate hikes of nearly 60% for next year in three popular HMO plans. According to filings listed on healthcare.gov, Blue Cross and Blue Shield seeks increases between 57.33 percent and 59.35 percent for two of its Blue Advantage Plus plans. A Blue Advantage Health Maintenance Organization Plan is asking for a 58.6 percent hike.

The company, which is the only carrier to offer health coverage in all of Texas' 254 counties, would not specify Wednesday what would happen if does not get the rate increase it says it needs. "No final decisions have been made regarding our 2017 Texas offerings," spokesman Gustavo Bujanda said in a statement emailed to the Houston Chronicle.

More...

http://www.zerohedge.com/news/2016-06-02/texas-health-insurance-costs-soar-60-thanks-obamacare

[Gmenfan]

Yep, our health care provider sent us notices that they are proposing a 13% increase for next year!!! (Blue Cross/Blue Shield)

[jt6455]

Yep once the employer mandate officially kicks in almost everyone who receives insurance benefits through their employer will be kicked over to a reimbursement plan of sorts. This will push the risk off to the employee and still satisfy the Obama mandate

Meanwhile the millions of federal employees still get their diluted health plan. Their pharmacy benefits are not like they used to be but they are still better than most have today.

Then the government will introduce a single payer system or trump will be elected

[Justified]

It's Working: Nation's Largest Insurer Pulling Out of Obamacare in Nation's Largest State

http://townhall.com/tipsheet/guybenson/2016/06/01/obamacare-latest-n2171652

UnitedHealth Group is leaving California's insurance exchange at the end of this year, state officials confirmed Tuesday. The nation's largest health insurer announced in April it was dropping out of all but a handful of 34 health insurance marketplaces it participated in. But the company had not discussed its plans in California. UnitedHealth's pullout also affects individual policies sold outside the Covered California exchange, which will remain in effect until the end of December. "United is pulling out of California's individual market including Covered California in 2017," said Amy Palmer, a spokeswoman for the state exchange...In April, UnitedHealth's Chief Executive Stephen Hemsley said the company was unwilling to keep losing money on the exchange business overall. "The smaller overall market size and shorter term, higher-risk profile within this market segment continue to suggest we cannot broadly serve it on an effective and sustained basis," Hemsley said in a conference call with investors...