Posted on 08/04/2013 12:00:16 PM PDT by Hojczyk
For instance: Maryland would really very much appreciate it if the insurance companies operating in their state could offer rates that the state arbitrarily deems to be affordable and attractive offers, the better to lure potential participants into the states ObamaCare exchanges. Insurance companies, meanwhile, would really like it if they could avoid operating at a loss. Its selfish, really.
Aetna Inc pulled out of Marylands health insurance exchange being created under President Barack Obamas healthcare reform law after the state pressed it to lower its proposed rates by up to 29 percent.
In an August 1 letter sent to the Maryland Department of Insurance, Aetna said the states requirement for rate reductions off its proposed prices would lead it to operate at a loss. The rate reductions include products from Aetna and Coventry Health Care, which it bought this spring.
Unfortunately, we believe the modifications to the rates filed by Aetna and Coventry would not allow us to collect enough premiums to cover the cost of the plans, including the medical network and service expectations of our customers, Aetna said in the letter to insurance commissioner Therese Goldsmith.
According to online documents, Aetna had requested an average monthly premium of $394 a month for one of its plans and the agency had approved an average rate of $281 per month. And it was just the other day that ObamaCares supporters were touting Marylands lower rates as proof of the health care overhauls success.
(Excerpt) Read more at hotair.com ...
Oh, how I love to see these liberal states get exactly what they voted to enact!!
Detroit, the dump of America, is reaping what years and years of liberalism has sown....same with California....Chicago.....you name it....NYC survives on fumes....
Liberals never expect to actually sleep in the bed they crapped in.
You are both being to kind.
They want Cadillac health care at scrap metal prices, specifically scrap steel prices.
typical Prog/Lib/Dem/Moron thinking.
The Governor will teach us a lesson in thrift after racking up a $45.9 billion dollar state dept. He’s willing to cut competitive insurance rates while spending tax dollars he doesn’t have . This should make him a very attractive democrat candidate for president in 2016 .
Imagine that, not wanting to operate as a loss! Scandalous! /liberals
Maryland “Freak State” PING!
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