Snake Posted June 2, 2016 Share Posted June 2, 2016 WASHINGTON — The largest health insurer in Texas wants to raise its rates on individual policies by an average of nearly 60 percent, a new sign that President Barack Obama’s overhaul hasn’t solved the problem of price spikes. Texas isn’t alone. Citing financial losses under the health care law, many insurers around the country are requesting bigger premium increases for 2017. That’s to account for lower-than-hoped enrollment, sicker-than-expected customers and problems with the government’s financial backstop for insurance markets. Blue Cross Blue Shield of Texas has about 603,000 individual policyholders and, unlike other insurers in the state, offers coverage in every county. In a recent filing with federal regulators, the company said it is seeking increases averaging from 57.3 percent to 59.4 percent across its individual market plans. In a statement, Blue Cross Blue Shield of Texas said its request is based on strong financial principles, science and data. “It’s also important to understand the magnitude of the losses … experienced in the individual retail market over the past two years,” the statement said. The company says it lost $592 million last year and $416 million in 2014. http://bizbeatblog.dallasnews.com/2016/06/blue-cross-asking-for-60-percent-rate-hike-for-obamacare-plans-in-texas-in-2017.html/ Quote Link to comment Share on other sites More sharing options...
Momorider Posted June 2, 2016 Share Posted June 2, 2016 Barrycare is an unmitigated disaster and will fail all on it own Quote Link to comment Share on other sites More sharing options...
oleroule Posted June 2, 2016 Share Posted June 2, 2016 (edited) but 30 million non-paying 'citizens' are now insured. have a heart. Edited June 2, 2016 by oleroule Quote Link to comment Share on other sites More sharing options...
Capt.Storm Posted June 2, 2016 Share Posted June 2, 2016 actually a whole bunch of people ended up on their states Medicaid roles because of barry. Quote Link to comment Share on other sites More sharing options...
Snake Posted June 2, 2016 Author Share Posted June 2, 2016 Is all the libruls happy about it? Gonna save the averagefamily $2500... Who the fuck believed that? Quote Link to comment Share on other sites More sharing options...
oleroule Posted June 2, 2016 Share Posted June 2, 2016 1 minute ago, Snake said: Is all the libruls happy about it? Gonna save the averagefamily $2500... Who the fuck believed that? Quote Link to comment Share on other sites More sharing options...
Snake Posted June 2, 2016 Author Share Posted June 2, 2016 2 minutes ago, oleroule said: Got something in his ass by the looks of that. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted June 2, 2016 Platinum Contributing Member Share Posted June 2, 2016 Law is a real winner. http://www.heritage.org/research/reports/2016/04/year-six-of-the-affordable-care-act-obamacares-mounting-problems Quote Link to comment Share on other sites More sharing options...
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