LEVIN raises this news (7pm for podcasts):
Empire BC/BS-— withdrawing from small-group health insurance market...”unsustainable.”
Mark: This affects NY now, but it will affect all of you later.
Only 2-3 other carriers left for small-group markets.
Mark: What’s causing all of this?
1) Approval from state to change rates
2) State telling them what percentage they need to spend on administrative costs versus on healthcare costs
Our heathcare won’t last til the next election to repeal ObamaCare. We need to dismantle what we can now.
ALL companies (not just small companies) have no choice but to gear up now and prepare for the potential eventuality. More damage is being done now-—before ObamaCare kicks in-—than anyone realizes.