Posted on 06/25/2016 8:29:04 AM PDT by lowbridge
The partial withdrawal of Blue Cross and Blue Shield of Minnesota from the ObamaCare marketplace, driven out by staggering financial losses, is another important milestone in the collapse of the ill-conceived and inaccurately named Affordable Care Act.
Providers have been bailing out of ObamaCare across the land, but not Blue Cross/Blue Shield providers.
It’s not a total departure from the market, as CEO Michael Guyette took pains to explain at the Minneapolis Star-Tribune:
In a sign of continuing tumult in the health insurance industry, the state’s largest insurer said Thursday it will no longer offer its traditional suite of flexible and broad-reaching policies for those consumers who don’t get coverage through the workplace.
Instead, Blue Cross and Blue Shield of Minnesota will sell only health plans with a narrow network, which limits patient coverage to specific doctors, hospitals and prescription drug benefits.
The decision comes after the insurer experienced significant financial loses in the individual insurance market in recent years. It will affect about 103,000 Minnesotans, who will have to find a new health plan at the end of the year.
(Excerpt) Read more at breitbart.com ...
sarc/
When you’ve lost Blue Cross and Blue Shield, you’re treading water in sh*t creek and circling the drain.
Crap. I’m afraid BCBS will leave Tennessee. They raised rates 60some percent this year. Probably a last-ditch effort to stay afloat before deciding to abandon this state. The other option has horrible coverage - almost no doctors in any network nearby.
This can’t be true. According to the administration, this thing is the bees knees in healthcare. /s
Dear Big Crony Capital Insurance Company:
It is said that when you sleep with a dog, you wake up with fleas.
You bribed dozens of Rat congress critters. Then, you wrote the law that you wanted using your paid-for government dogs. You were careful to screw the American public for your own benefit. Now, look what happened.
And the fun has just begun. Your dumb law really begins to take effect in full next year.
You poor pathetic thieves.
Here's hoping you rot in hell.
Sincerely,
Monkey
Cottonball HELP is on the way!!! Do NOT despair Trump will wine our healthcare WILL be fine and choices will come back in droves!!!
WINE = WIN damned spell check
They asked for it.
They got it.
Good and hard.
“The other option has horrible coverage - almost no doctors in any network nearby.”
Which is rationing by any other name. If you limit the number of doctors, you’ve basically placed a limitation on your financial exposure.
They should only give stabilization, band aid and broken bone care to those not paying a full premium. No surgeries...
Why do those who are not elderly figure everything is theirs for nothing?
VERY TRUE, they laid down with dogs and woke up with fleas!!!! Unfortunately the American people got SCREWED in the process also!!! Healthcare is critical for families and THEY had NO VOTE on this!!!
I know, I can’t wait! Paying $932 a month to have a $6000 deductible isn’t working out that well for us! And with a 62% increase? I can’t even do the calculation, I would end up very depressed.
Thank you DIMs and RINOs who created this monstrosity and fraud. Thanks a lot.
pelosi:
"You'll see what's in it after we pass it."
...the top dogs at Blue Cross didn't give much thought to that.
does your coverage pay for anything or must you lay out $6000 first...and then it kicks in? Or per visit or service, does a portion of the bill go towards the deductible? In need of coverage, can’t afford it of course.
From 2013:
Although not every state has announced online marketplace participants, the Blues characterize their approach very differently. "We expect Blue Cross Blue Shield plans will have a strong, reliable presence in the new exchanges," said Alissa Fox, a senior vice president at the Blue Cross and Blue Shield Association. "We've been in this market for more than 80 years and we’ve been providing coverage in every zip code to everybody. We imagine we will continue to do that." LINK
Just another dupe for Obama organization, that finally woke up to reality.
Once again the “airhead”, “racist”, “numbskull”, “misinformed”, “know nothing”, “bottom feeding” Conservatives were right.
Which means we weren’t “airhead”, “racist”, “numbskull”, “misinformed”, “know nothing”, “bottom feeding” Conservatives after all.
We were sound, level headed, non-racist, informed, intelligent people.
Awwaa, poor Liberals. Contrasted to them, we were brilliant.
Once again, they are proven idiots.
More here at the Star & Tribune in Minneapolis, Minnesota which was and is a big booster for obamacare.
Read the comments.
http://www.startribune.com/blue-cross-says-individual-markets-plans-will-offer-limited-choices-next-year/384212831/
skoglicious Jun. 24, 16 8:41 AM
Wait a minute, I’m confused. I thought I was going to save $2,500 a year? What gives?
They knew it was going to fail. The people in charge back then just wanted to be paid off fully before they retired orleft.
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