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Wednesday, May 04, 2016

Humana Next Health Insurance Carrier To Bail From ObamaCare Cartels

by JASmius





Pull the next chain:

Humana’s individual business, which sells plans under Barack Obama’s [Una]ffordable Care Act, has been a drag on results, and the company still expects to lose money this year. Humana sells plans in fifteen States....

Humana said it is in the process of finalizing the sort of insurance plans it will offer in the business next year, but is considering a number of changes, including exiting certain States or products. It also said it may raise premium prices.

"May"?  <snort>  They're simply following United Healthcare's lead:

Humana is in the process of finalizing plans for its [U]CA-compliant individual commercial medical market offerings in 2017. Humana anticipates proposing a number of changes to retain a viable product for individual consumers, where feasible, and address persistent risk selection challenges. Such changes may include certain Statewide [cartel] and product exits both on and off [cartel], service area reductions and pricing commensurate with anticipated levels of risk by State. [emphasis added]

Not "may"; will.  And Humana is going to jack up premiums and deductibles, or else drop out, because otherwise they'll inexorably go out of business.  Just like every other private health insurance carrier.

Meanwhile, O-Care "customer service" is still as awesome as it ever was:

[Renee Powell] shopped for insurance through the ObamaCare [cartel] and learned that rates in her new area were much higher than they had been in Oklahoma City. She bought a health plan from Blue Cross and Blue Shield of Oklahoma for $750 a month with a manageable deductible.

Then last year Blue Cross eliminated that planwhich is pretty common as insurers adjust to the ObamaCare [cartel]s — and Powell was forced to buy the more expensive policy with a deductible of $3,000 for each person in her family. The insurance pays for checkups and prescriptions, but if anyone gets sick, Powell has to pay the full doctor bill until the deductibles are met....

Powell has spent about $4,400 so far this year in premiums for that Blue Cross policy, and she said the plan has only paid a few dollars for antibiotics one of her boys needed when he was sick. [emphases added]

And on whom did Mrs. Powell blame this buggering?   Blue Cross/Blue Shield of Oklahoma, of course!

Uggggh....



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