Insurers wary of Obamacare unknowns as they plan for 2015

Reuters ^ | March 11, 2014 | BY CAROLINE HUMER

[Oldeconomybuyer]

U.S. health insurers are struggling to set prices for their Obamacare plans in 2015 and decide which regions to return to before the deadlines for submitting those plans to regulators. --SNIP--

The result, industry executives and experts say, is that some of the larger insurers may pull out of individual markets where they already know they can't make money. Otherwise they will try to hold steady until 2016, when the number of people on Obamacare plans is expected to surge as high as 22 million.

Some smaller insurers offering health plans in 2014 may back out altogether if they can't afford to ride out the program's early troubles.

"There will be some sort of a shakeout," said Tim Jost, a health law expert and professor at Washington and Lee University in Virginia. Small health plans and cooperatives that priced their health coverage too high and got few customers are among the most vulnerable, he said.

"On the other hand, (the national insurers) have been watching the markets, and if 2014 turns out to look better than expected, they may jump in," Jost said.

[Oldeconomybuyer]

Train wreck.

[Eric in the Ozarks]

Rip it out by the roots.

[Diogenesis]

Under the foot of the Tyrant and his DO”J”
and his IR”S” and his N”S”A, America must now bow,
or die by the ObamaCARE, before the EXEMPT of Congress
and their EXEMPT families and their EXEMPT Staff
and their EXEMPT unions, and the EXEMPT SCOTUS
and their EXEMPT families, and criminals,
and of course, since they won after 911, all EXEMPT Moslems.

[MUDDOG]

Insurers wary of Obamacare unknowns

There are known unknowns. But there are also unknown unknowns.

[sportutegrl]

If you don’t like your Obamacare, just wait a week and Obama will change it.

[catnipman]

“The result, industry executives and experts say, is that some of the larger insurers may pull out of individual markets where they already know they can’t make money.”

This would be ANOTHER big kick in the gut for Obamacare because hundreds of thousands would lose their health insurance policies and their latest set of doctors AGAIN!