Minnesota regulator: Insurance market in dire situation

Associated Press ^ | September 30, 2016 3:24 PM EDT | Kyle Potter

[Olog-hai]

Minnesota’s individual health care market is in “an emergency situation,” the state’s top industry regulator said Friday, noting that it took the approval of massive rate increases to persuade all its remaining insurance companies not to pull out for next year.

After a major insurer’s exit from the market earlier this year, the state scrambled to convince the seven remaining companies to continue offering plans to those residents who aren’t covered by an employer or through a public program, Department of Commerce Commissioner Mike Rothman said. The state agreed to rate increases that range from an average of 50 percent to as much as 67 percent while also instituting other, extraordinary last-minute measures, said Rothman, who added that changes in state law are still needed to stave off a market collapse.

“We all were faced with the prospect that there would be nothing available. Nothing,” Rothman said while announcing the finalized health care premium increases. “Everyone needs to hear the sirens and the red lights.” …

[Olog-hai]

Wow, “sirens and red lights”. Where is that “oh noes” GIF when you need it?

[headstamp 2]

Spelled M E D I C A D E

[WENDLE]

Here is the main issue for me. I don’t wish to pay for anyone else s insurance— Just mine.

[plain talk]

“Spelled MEDICADE”

You mean mispelled ... :-)

[plain talk]

“I don’t wish to pay for anyone else’s insurance - just mine.”

Then you don’t want insurance which is a pooling mechanism. If you only want to pay for your own health care then (according to your requirements) you just pay your medical bills without any insurance. Of course obama won’t let you do that. -)

[the_daug]

Yes I only want a catastrophic health insurance and a health care savings account where if my health care need is I can buy it dental eyes what ever I need.

[omegatoo]

misspelled...

:D

O2

[norwaypinesavage]

"It's a dramatic reversal for the state, where just three years ago state officials touted the lowest health insurance rates in the nation as the heart of President Barack Obama's health care law took hold. .......that market has been fundamentally reshaped by the Affordable Care Act."

Well, duh! Every conservative in the nation knows this is EXACTLY what would happen. Government control ALWAYS increases costs and reduces liberty.

[ROCKLOBSTER]

misspelled

Medicaid, and pronounced:

Medical Welfare.

[ROCKLOBSTER]

Every conservative in the nation knows this is EXACTLY what would happen. Government control ALWAYS increases costs and reduces liberty.

And so do the RATs, which is why they use the destructive components:

Guaranteed Issuance (write any applicant regardless of health) and Community Rating (everyone pays the same premium)

Guaranteed to fall apart on you! (adverse selection)

Just another version of Alinski's "Overwhelm the system", where their real goal is Single Payer. They cause the people to blame the insurers as they destroy them and then swoop in with the magic fix.

[dfwgator]

All is going ahead according to plan. Single-Payer here we come.

[WENDLE]

But everyone pays in my pool— not in failed obamacare ( “SUBSIDIES”? . I well understand Insurance, my friend. It socialism/communism that I object to. It’s all collapsing anyway.Go TRUMP

[plain talk]

Can’t read your mind. Just responding to what you wrote. :-).

[WENDLE]

OK . Have a great day. Go Trump