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Your ♡bamaCare!!! Fail of the Day

April 25th, 2014 - 11:09 am

Aetna operates on 17 state exchanges and… well… take a look:

Aetna chief executive Mark Bertolini says premium increases in those 17 states, which encompass 132 rating areas, will be quite literally all over the map in 2015. He said those increases will range from “the very low single digits” to “some that will be over double digits.” That depends on the number of members, the demographics of memberships and what limited information the company has about new members, he said.

Bertolini said about half of the company’s premium increases, whatever they turn out to be, will be attributable to “on the fly” regulatory changes made by the Obama administration. He cited as an example the administration’s policy of allowing old health plans that were supposed to expire in 2014 to be extended another three years if states and insurers wanted to.

Remarkable, isn’t it, that Aetna still has such “limited information” about it’s own customers, that is has no idea what their premiums might be? And isn’t it also remarkable that four years after ♡bamaCare!!! became a settled law of the land, even a major insurer isn’t sure just what the law requires of it?

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They're already spinning it. Over at Daily Dose:
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That's good news because it's those regulatory changes—he pointed to the decision by the administration to give states the authority to allow sub-standard policies to continue for a few years—being a big chunk of the increases instead of the fact that the company has been overwhelmed with older or sicker customers. The risk pools are sustainable and that dreaded "death spiral" Republicans have been praying for isn't happening.
18 weeks ago
18 weeks ago Link To Comment
The good news is good news. The bad news however is also good news.

That's how ♡bamaCare!!! is winning!
18 weeks ago
18 weeks ago Link To Comment
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