"[I]t’s pretty clear that premiums for health insurance plans sold on the marketplace will increase more in 2017 than they did in 2016."
You don't say.
[Hat Tip: FoIB Holly R]
Monday, October 10, 2016
Captain Obvious Speaks
You don't say.
[Hat Tip: FoIB Holly R]
Making Strides Against Breast Cancer
I am raising money with my team, Love, Hope and Faith, who will walk on Saturday, October 15th in the Making Strides Against Breast Cancer walk in Dayton,Ohio.
Will you help out by making a donation - any amount helps.
Thank you!!
MVNHS© Infighting: "Vultures" vs Rats
First up, the scavengers:
"Vulture lawyers bleed the NHS for £418m: Their sickening fees in one year are enough to hire 19,000 nurses"
As here, British barristers often append outsized fees to relatively modest awards. In some cases, they've been willing to (dramatically) reduce their "take," but only after being "forced to accept" the lower amount.
Meantime, those who actually provide the care that's under scrutiny are abandoning ship in droves:
"More than four out of 10 doctors are planning to practise medicine overseas and levels of workplace stress have risen across the profession"
Of course they are: under nationalized health care schemes such as the Much Vaunted National Health Service©, doc's are limited as to how much they can earn, and often forced to work longer hours. Why wouldn't they start looking elsewhere?
And of course, if they're going to end up being sued for the care they do provide, where exactly is the incentive to tough it out?
[Hat Tip: FoIB Hilly R]
"Vulture lawyers bleed the NHS for £418m: Their sickening fees in one year are enough to hire 19,000 nurses"
As here, British barristers often append outsized fees to relatively modest awards. In some cases, they've been willing to (dramatically) reduce their "take," but only after being "forced to accept" the lower amount.
Meantime, those who actually provide the care that's under scrutiny are abandoning ship in droves:
"More than four out of 10 doctors are planning to practise medicine overseas and levels of workplace stress have risen across the profession"
Of course they are: under nationalized health care schemes such as the Much Vaunted National Health Service©, doc's are limited as to how much they can earn, and often forced to work longer hours. Why wouldn't they start looking elsewhere?
And of course, if they're going to end up being sued for the care they do provide, where exactly is the incentive to tough it out?
[Hat Tip: FoIB Hilly R]
Again: Where's the money?
Aetna has just announced that it doesn't want to write any more individual health insurance plans in over a dozen states:
"We will not offer commissions for 2017 individual plans in the following states: Arkansas, Arizona, Illinois, Kansas, Kentucky, Louisiana, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Texas, Utah and Wyoming"
Notice that this isn't about on- or off-Exchange, it's all-inclusive (or exclusive, one supposes).
They join a non-exclusive club; co-blogger Bob tells us that Cigna won't be paying commissions on 2017 business (plans written beginning of next month for January 1 effective dates) in Illinois, California and North Carolina.
And FoIB Jeff M, reporting from North Carolina, tells us that Blue Cross won't pay commissions on business migrating to them from UHC, Aetna, or Coventry. He sagely observes that "the only way for an agent to make anything at all is to write business on someone who is currently uninsured."
That'll work out well.
"We will not offer commissions for 2017 individual plans in the following states: Arkansas, Arizona, Illinois, Kansas, Kentucky, Louisiana, Michigan, New Jersey, Ohio, Pennsylvania, Tennessee, Texas, Utah and Wyoming"
Notice that this isn't about on- or off-Exchange, it's all-inclusive (or exclusive, one supposes).
They join a non-exclusive club; co-blogger Bob tells us that Cigna won't be paying commissions on 2017 business (plans written beginning of next month for January 1 effective dates) in Illinois, California and North Carolina.
And FoIB Jeff M, reporting from North Carolina, tells us that Blue Cross won't pay commissions on business migrating to them from UHC, Aetna, or Coventry. He sagely observes that "the only way for an agent to make anything at all is to write business on someone who is currently uninsured."
That'll work out well.
Friday, October 7, 2016
Long Term Care: It's only money, right?
John Hancock, one of the largest Long Term Care insurance (LTCi) carriers, recently released its findings on which areas cost the most (and least) for actual care. The report's based on a survey of some 16,000 providers across the US of A to come up with community averages.
Here's a sampling of what they found:
1. Nursing home: Private roomBe sure to click through to see the other key data points, including assisted living and shared room costs.
Cheapest: Jefferson City, Missouri ($142 per day)
Most expensive: Juneau, Alaska ($600 per day)
4. Home health aide
Cheapest: Fort Lauderdale, Florida ($15 per hour)
Most expensive: Minneapolis ($31 per hour)
5. Adult day care
Cheapest: Montgomery, Alabama ($22 per day)
Most expensive: New York ($203 per day)
The lesson? Long term care's expensive, no matter how you slice it. Might be a good idea to shift some of that risk off to an insurance company.
Health Wonk Review is up...
Joe Paduda presents this week's star-studded, jam-packed Health Wonk Review, with a focus on the upcoming election.
Believe me, you don't want to miss it.
Believe me, you don't want to miss it.
ATTENTION OBAMACARE SUPPORTERS: FOR PROFIT INSURERS ARE NOW GOOD!
Evergreen Health, one of six remaining Obamacare not-for-profit co-ops, announced this week that it is being acquired by a group of private equity investors. This move will make the insurer a FOR-PROFIT entity.Under Obamacare, co-ops were given the opportunity to receive low interest loans. Evergreen received $65,000,000 to start up. In signing their contract it explicitly stated that all co-ops were prohibited from either being acquired by or converting to for-profit entities. That all changed in May when CMS issued new regulations allowing acquisitions and conversions to for-profit status.
In order for the acquisition to take effect the Maryland Insurance Administration and CMS must approve the deal. Which puts the Obama administration in a tough spot. Even if the loan repayment continues, how does CMS approve a deal where taxpayer funds with ultra low interest were used to start up the venture? On the other hand, if they don't approve the deal 38,000 people will lose their insurance.
One last thing that should be most important to CMS and members: who is the buyer and what was the purchase price? Neither of which were disclosed.
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