Posted on 06/01/2016 5:11:45 PM PDT by PAR35
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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.
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(Excerpt) Read more at bizbeatblog.dallasnews.com ...
60%. Affordable care. I think that word does not mean what you think it means
Well, there goes the $2500/year savings, down the toilet.
Not very affordable now, either.
Headline should be “Blue-Cross Blue-Shield Endorses Trump”
Millions of customers “shielded” because “THE FEDERAL GOVERNMENT” covers 70% of the cost....hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm and I’m a jerk because I swear like a drunken sailor at the persons who answer the phone for my representatives and senators office.....theft in plain sight.....when did the federal government make a dime and report it?....oh I forgot ...our ruling class...hahahahahahahahahaha....
Can anyone tell me why the increase in my state (WA)is relatively low? I do know that the premiums in absolute terms were not higher than other states to begin with.
My daughter, with whom I am estranged, is a far leftie and works for Blue Cross. If people start dropping it she could end up NOT working for them.
it looks like they are sucking the republican states dry to compensate for protecting dem states(i refuse to call them red states because dems should be red)
The insurance industry is giving the democrats double middle digits.
You mean Blue-Cross Blue-Shield, Group Health and others are in on some kind of grand conspiracy? All this time I thought they were trying to maximize profits in a competitive environment.
Checking benefits and getting auth from BC today for the patient of one of our doctor clients who needs to be hospitalized. Evolved into a discussion with the BC person about diagnosis and blanket coverage. She thinks BC coverage is wonderful because her best friend has four autistic children under age of ten and she “needs all the insurance help she can get”. Friend is unemployed as is the father of the children so their premium is subsidized.
Her friend and the mother of these kiddos is also autistic as is the friend’s brother. No, she did not have any genetic testing before she gave birth to the first child. Why did she have four when the risk was high? She loves children and plans to have at least two more.
Most everything with insurance carriers is being moved to call centers overseas and processing is automated. Not so many people work for them in the U.S. anymore and I know some of those that do work from home.
If you like your dictator, you can keep your dictator.
1. The regulators know Texas isn't going to any Dem in the election so they say “ok” to the increase since it doesn't matter how pissed off TX gets (to the Fed)
2. They say “no” and let Blue Cross implode thus paving the way toward single payer.
So it's a win win for the regulatory overlords. What's Texas going to do, secede?
If you like your plan you can keep your plan (with a 60% rate hike)
The average family will save $2500 a year (but then have to pay twice that in premiums)!
It’s the new order of things! Get used to having no money and being a slave to the government teat fellow Americans!
Resistance is futile. Your biological and technological distinctiveness will be added to our own! Individualism is irrelevant. Liberty is irrelevant.
This is the new order! Resistance is futile!
There is talk that Texas may introduce a gold based currency when they get their gold back from New York.
That assumes, of course, that the Texans will have more luck than the Europeans did when they tried to get their gold back.
RobertsCare is working as designed.
Even better, the proposed despository will be across the street from the Shiner brewery in Shiner, Texas!
> There is talk that Texas may introduce a gold based currency when they get their gold back from New York.
They might want to check that gold out closely. There’s been a lot of rumors that most of the gold in storage has been converted to gold plated tungsten.
I suspect people in Washington are in better health and the insurance rates reflect it..
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