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Fairfax Underground
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Obamacare's November surprise
Posted by:
HillaryCare
()
Date: May 03, 2016 02:38PM
Obamacare's November surprise
Many consumers will see large rate increases for the first time Nov. 1 — a week before they go to the polls.
By PAUL DEMKO 05/02/16 05:22 AM EDT
The last thing Democrats want to contend with just a week before the 2016 presidential election is an outcry over double-digit insurance hikes as millions of Americans begin signing up for Obamacare.
But that looks increasingly likely as health plans socked by Obamacare losses look to regain their financial footing by raising rates.
Just a week after the nation’s largest insurer, UnitedHealth Group, pulled out of most Obamacare exchanges because it anticipates $650 million in losses this year, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.
“I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "A number of carriers need double-digit increases.”
Many consumers will see large rate increases for the first time Nov. 1 — a week before they go to the polls.
By PAUL DEMKO 05/02/16 05:22 AM EDT
The last thing Democrats want to contend with just a week before the 2016 presidential election is an outcry over double-digit insurance hikes as millions of Americans begin signing up for Obamacare.
But that looks increasingly likely as health plans socked by Obamacare losses look to regain their financial footing by raising rates.
Just a week after the nation’s largest insurer, UnitedHealth Group, pulled out of most Obamacare exchanges because it anticipates $650 million in losses this year, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.
“I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "A number of carriers need double-digit increases.”
Re: Obamacare's November surprise
Posted by:
Bending the cost curve
()
Date: May 05, 2016 05:17PM
A little dated, but it's from the government agency with oversight for Obamacare and all other .gov healthcare. Shit, libtadz themselvz know this shit ain't right.
And now it looks like those estimates were low.
And now it looks like those estimates were low.