“It’s the most wonderful time of the year” or not as millions of Americans receive cancellation letters of their healthcare policies and news that their healthcare premiums are skyrocketing.
As predicted, many Americans who received a reprieve last year have (or will be any day now) received cancellation notices of their healthcare plans s letters.
Courtesy of Obamacare, their policies have been ordain illegal, leaving many no other alternative but to purchase a more expensive/ substandard government-approved policy.
The official talking points as expected lays the blame at the feet of healthcare insurance companies while ignoring the fact that Obamacare legislation was written with the intent of forcing Americans onto the healthcare exchanges.
Cancellations are in the mail to customers from Texas to Alaska in markets where insurers say the policies no longer make business sense. In some states, such as Maryland and Virginia, rules call for the plans’ discontinuations, but in many, federal rules allow the policies to continue into 2017.
Insurers sending the notices to some customers include Anthem, one of the largest insurers in the country, Baltimore-based CareFirst, Health Care Services Corporation in Chicago, Kaiser Permanente in Oakland, Calif., Humana in Louisville, Ky., and Golden Rule, an Indianapolis subsidiary of UnitedHealth Group.
One reason behind the switch is that insurers determined they can make more money selling plans that comply with the Affordable Care Act, often at higher premiums that may be subsidized by the government.
“They’re getting a lot more revenue, often for the same person,” said consultant Robert Laszewski, a former insurance executive….
The number of Americans receiving cancellation letters less than four weeks before the mid-terms elections is expected to exceed the several million who received cancellation letters in 2013.
Some of the small-business cancellations are occurring because the policies don’t meet the law’s basic coverage requirements. But many are related only indirectly to the law; insurers are trying to move customers to new plans designed to offset the financial and administrative risks associated with the health-care overhaul. As part of that, they are consolidating their plan offerings to maximize profits and streamline how they manage them….
Affected are those with healthcare plans private or through their employers living in New Jersey, Colorado, New Hampshire, Pennsylvania, Delaware, West Virginia, Vermont, Virginia. That, of course, includes anyone who purchased their healthcare insurance through professional or trade associations, i.e., doctors, lawyers, accountants and private contractors.
Adding to that, more than 10,000 illegals will lose their Obamacare coverage canceled for failing to provide proof of citizenship.
The cost of premiums effective January 1, 2015 promises to leave those Americans who purchased certain plans reeling when exchange enrollment begins next month (November 15th, post November elections).
According to Investor’s Business Daily, the cost of the cheapest bronze plan in 16 cities will “jump an average of 13.9% for 40-year-old non-smokers earning 225% of the poverty level ($26,260).”
In Seattle, the cost of the cheapest bronze plan, after subsidies, will soar 64%, from $60 to $98 per month, for individuals at this income level. Some other cities seeing notable gains include Providence (up 38%, from $72 to $99 per month); Los Angeles (up 27%, from $88 to $111); Las Vegas (up 22%, from $100 to $122); and New York (up 18%, from $97 to $114).
Ironic isn’t it that cities run by Progressives will suffer the biggest increases?
Finally, the Centers for Medicare and Medicaid Services dispatched emails to insurers demanding that they not reveal the process or results of the testing of the Obamacare exchanges.
Wall Street Journal
The email alert spells out exactly what is expected of participants: Insurance-industry officials “will not use, disclose, describe, post to a public form, or in any way share Test Data with any person or entity, including but not limited to the media,” unless the recipient also has agreed to the confidentiality provisions.
The new confidentiality agreement won’t just cover the industry data that will be included in the marketplace’s testing environment….
Read full article
In other words, the Obama administration, in an attempt to control the message plans to issue talking points that the healthcare exchanges are up, running and that it’s all good, well because, Americans are too stupid to think for themselves. (sarcasm)
See: If you like your plan you can keep it unless it’s Humana, Aetna or United HealthOne.