Posted on 09/04/2014 5:19:49 PM PDT by Oldeconomybuyer
Syracuse, N.Y. -- Rate increases requested by health insurers offering "Obamacare" coverage through the New York's health insurance exchange have been cut by more than 50 percent.
The state Department of Financial Services said today insurers offering individual coverage on the exchange had asked for an average increase of 12.5 percent for 2015. The department reduced the average increase to 5.7 percent.
The state's action was praised by a consumer group and criticized by the insurance industry.
"This is great news for consumers and small employers alike," said Elisabeth Benjamin, a co-founder of Health Care for All New York, a coalition of consumer groups.
The New York Health Plan Association, which represents insurers, called the state's decision to significantly cut rate requests "irresponsible."
Paul Macielak, president and CEO of the association, said the state's rate decision " ... will create unnecessary turmoil in the market and will lead some plans to make business decisions that might include eliminating or reducing product offerings, withdrawing from regions or even withdrawing from the marketplace entirely."
(Excerpt) Read more at syracuse.com ...
“The piper to be paid—more doctors who leave the business—will be paid later.”
All part of the plan. Replace doctors with lower paid nurse practitioners and physician assistants (given the right to prescribe medications), and plug any remaining holes with a bunch of poorly trained, desperate-for-any-work foreign medical graduates.
He thinks that employers are "responsible" for their employees? Is that in general? Are these employees or adopted children?
Physicians everywhere are no longer taking patients on Obamacare or Medicare....: )
Yes, that’s what he thinks. It was quite interesting to see a chronic Obama voter get jammed by his messiah.
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