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Maryland demands lower insurance rates; Aetna says sayonara to the state’s insurance exchange
Hot Air ^ | AUG 4,2013 | ERIKA JOHNSEN

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 state’s ObamaCare exchanges. Insurance companies, meanwhile, would really like it if they could avoid operating at a loss. It’s selfish, really.

Aetna Inc pulled out of Maryland’s health insurance exchange being created under President Barack Obama’s 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 state’s 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 ObamaCare’s supporters were touting Maryland’s lower rates as proof of the health care overhaul’s success.

(Excerpt) Read more at hotair.com ...


TOPICS: Crime/Corruption; Government; US: Maryland
KEYWORDS: aetna; bho44; healthcare; healthinsurance; obamacare; omalley
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To: Hojczyk

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....

21 posted on 08/04/2013 1:19:04 PM PDT by SoFloFreeper
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To: SoFloFreeper

Liberals never expect to actually sleep in the bed they crapped in.


22 posted on 08/04/2013 2:21:25 PM PDT by SpaceBar
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To: DoughtyOne

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.


23 posted on 08/04/2013 3:58:15 PM PDT by 5th MEB (Progressives in the open; --- FIRE FOR EFFECT!!)
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To: 5th MEB
LOL


Ramirez's latest political cartoon LARGE VERSION
08/04/2013: LINK  LINK to regular sized version of Ramirez's latest, and an archive of his political cartoons.





FOLKS, THOSE OF YOU WHO CAN, PLEASE CLICK HERE AND PENCIL IN YOUR DONATION TO HELP END THIS FREEPATHON.  THANK YOU!
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24 posted on 08/04/2013 4:03:57 PM PDT by DoughtyOne (Kill the bill... Begin enforcing our current laws, signed by President Ronald Reagan.)
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To: Hojczyk

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 .


25 posted on 08/05/2013 4:17:18 AM PDT by Lionheartusa1 (-: 0bamanomics is the equal distribution of misery :-)
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To: Hojczyk; Abundy; Albion Wilde; AlwaysFree; AnnaSASsyFR; bayliving; BFM; Bigg Red; ...

Imagine that, not wanting to operate as a loss! Scandalous! /liberals

Maryland “Freak State” PING!


26 posted on 08/05/2013 9:07:16 PM PDT by Tolerance Sucks Rocks (I am in charge!)
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