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Thread: Florida Blue cutting 300K policies

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    Re: Florida Blue cutting 300K policies

    Quote Originally Posted by CanadaJohn View Post
    Is Montreal still part of Canada? Damn.
    Allez Canadiens!


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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    Re: Florida Blue cutting 300K policies

    Quote Originally Posted by finebead View Post
    Let's see, you had a policy that was cheap, well, because it was a cheap policy. If you got really sick, like cancer, you could be kicked off that cheap policy. If they didn't kick you off when you got cancer, then the lifetime max would kick in and you wouldn't have health ins. although you desperately needed it. Clearly, you had a cheap policy that did a reasonable job taking care of normal healthcare needs and it failed to take care of major needs. But, since most people are healthy most of the time, most people were dumb and happy about their situation, until they got really sick and they became very unhappy with their crappy situation after they were dropped and couldn't get health insurance anywhere because of the health insurance company death panels that evaluated their illness and denied them coverage due to their pre-existing condition.

    Clearly that cheap old policy cannot provide the standard of benefits required by Obamacare (which people need whether their short sighted minds realize it now or not), so the policy must be changed to specify new terms that meet the standard, and at a new rate.

    You are guaranteed coverage in the exchange, and that policy will not have a lifetime maximum, and you can't be dropped just because you have or get a serious illness. That's a much better policy.

    How is that a bad thing?
    Those that will join the exchange will be those with pre-existing conditions.

    The Exchanges are setup to only stay in the black if 40% of "healthy invincibles" purchase plans. That isn't going to happen because: 1) like you said, I can get insurance after I get sick and I'm still covered, and 2) I can stay on my parents plan for 5 years of my "healthy invincible" years.

    Biggest shock is going to come in late 2014/early 2015. That will be when the media gets to report on the exchange plan price differences between years. Since companies have to spend 80% of premiums on care, what percentage increase do you think is going to be come next year? Remember, they can't kick you off if you are sick or have a pre-existing condition.

    The premium price will then skyrocket, even less people will be covered, and the end result will be death spiral.
    Last edited by Samhain; 10-25-13 at 11:29 AM.

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    Re: Florida Blue cutting 300K policies

    Quote Originally Posted by rocket88 View Post
    Allez Canadiens!
    Another occasion where that "dislike" button I've lobbied for would come in handy.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Florida Blue cutting 300K policies

    Quote Originally Posted by finebead View Post
    Let's see, you had a policy that was cheap, well, because it was a cheap policy. If you got really sick, like cancer, you could be kicked off that cheap policy. If they didn't kick you off when you got cancer, then the lifetime max would kick in and you wouldn't have health ins. although you desperately needed it. Clearly, you had a cheap policy that did a reasonable job taking care of normal healthcare needs and it failed to take care of major needs. But, since most people are healthy most of the time, most people were dumb and happy about their situation, until they got really sick and they became very unhappy with their crappy situation after they were dropped and couldn't get health insurance anywhere because of the health insurance company death panels that evaluated their illness and denied them coverage due to their pre-existing condition.

    Clearly that cheap old policy cannot provide the standard of benefits required by Obamacare (which people need whether their short sighted minds realize it now or not), so the policy must be changed to specify new terms that meet the standard, and at a new rate.

    You are guaranteed coverage in the exchange, and that policy will not have a lifetime maximum, and you can't be dropped just because you have or get a serious illness. That's a much better policy.

    How is that a bad thing?


    You need to learn the differences between a planning and execution. Progressive plans always LOOK great if your judge them by their end goal. There is little attention given to the moment or the failures, it's always the end that matters.

    You spell out all this things that you think are super great about the ACA, but it means nothing to the family that no longer has insurance, can't afford this new insurance, and couldn't sign up for it even if they could.

    All that the ACA does is take the donut whole of uninsured that that used to exist down at the bottom of the income range and shift it up a few notches. Now you have to work to be unable to afford insurance....

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    Re: Florida Blue cutting 300K policies

    Quote Originally Posted by rocket88 View Post
    But I'm sure all the Republicans are above that and will sign up for Obamacare
    One of the many elected idiots from Illinois, Durbin, asked that same question to Sen Cruz and ended up with egg on his face as Cruz doesn't use the government plan.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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    Re: Florida Blue cutting 300K policies

    Quote Originally Posted by jmotivator View Post
    You need to learn the differences between a planning and execution. Progressive plans always LOOK great if your judge them by their end goal. There is little attention given to the moment or the failures, it's always the end that matters.

    You spell out all this things that you think are super great about the ACA, but it means nothing to the family that no longer has insurance, can't afford this new insurance, and couldn't sign up for it even if they could.

    All that the ACA does is take the donut whole of uninsured that that used to exist down at the bottom of the income range and shift it up a few notches. Now you have to work to be unable to afford insurance....
    Excellent post.
    "“If we don’t deepen our ports all along the Gulf — places like Charleston, South Carolina; or Savannah, Georgia; or Jacksonville, Florida…” -Obama

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    Re: Florida Blue cutting 300K policies

    Quote Originally Posted by CanadaJohn View Post
    Another occasion where that "dislike" button I've lobbied for would come in handy.
    Also, "Nobody blows like the Argos" - heard from a fan at Ivor Wynne Stadium in Hamilton (actually, I did hear that there)



    (taped by a bunch of Argo fan douchebags)


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

  8. #28
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    Re: Florida Blue cutting 300K policies

    At this time, it is too early to determine whether the ACA will lead to costly distortions in the health insurance market. A degree of risk exists, but much more data will be required to support evidence-based conclusions concerning that risk.

    With respect to these early cancellations, at least two points are important:

    1. Are policies being canceled simply because they don't contain all the required elements ("under-coverage" if you will) or for purposes of altering risk pools (adverse selection) to make them more profitable for the insurer. The News 4 article, which contains text from the Florida Blue press release, suggests the former.

    2. When policies are canceled, do the former policyholders have a chance to enroll in new plans? Insurers cannot automatically enroll former policyholders into new plans by law and for ethical reasons. The News 4 piece suggests that former policyholders are being encouraged to speak with their insurance agents to enroll in the company's new plan, among other options. That further suggests that the adverse selection issue may not be involved, but again more data will be required before one can reach a firm conclusion e.g., cost barriers to the new policies will be important (if they are prohibitive, then adverse selection is playing a role; if they are commensurate with the added coverage on a net cost--or added cost reduced by the subsidy--then adverse selection is not a meaningful factor.

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    Re: Florida Blue cutting 300K policies

    Quote Originally Posted by RabidAlpaca View Post
    Because those cheap policies might not exist any longer for many. Not everyone can just "start paying more for better coverage", so it's likely a large portion of those 300k being dropped are now SOL.

    The thing that will piss me off the most in all of this is the democrats will eventually just blame the free market instead of the ACA itself, then use that as another reason to grab more power.
    Do you deny that the low rates for these seriously limited policies that failed when you needed them most, were subsidized by the death of sick people who were refused coverage by the health insurance company death panels that refused to cover them, and what justification do you offer to their families for this immoral treatment by the insurance company death panels?

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    Re: Florida Blue cutting 300K policies

    Quote Originally Posted by Samhain View Post
    Those that will join the exchange will be those with pre-existing conditions.

    The Exchanges are setup to only stay in the black if 40% of "healthy invincibles" purchase plans. That isn't going to happen because: 1) like you said, I can get insurance after I get sick and I'm still covered, and 2) I can stay on my parents plan for 5 years of my "healthy invincible" years.

    Biggest shock is going to come in late 2014/early 2015. That will be when the media gets to report on the exchange plan price differences between years. Since companies have to spend 80% of premiums on care, what percentage increase do you think is going to be come next year? Remember, they can't kick you off if you are sick or have a pre-existing condition.

    The premium price will then skyrocket, even less people will be covered, and the end result will be death spiral.
    Without doubt the key to the plan working will be for healthy people to be in it, hence the individual mandate. The penalty for not having health ins. in 2014 looks too low but will rise to more reasonable levels in 2015/2016. I have read concerns whether it is collectible, and if it is not, this well may fail. However, the old system failed by allowing the health insurance death panels to deny coverage to people with serious illnesses, and studies showed that led to their pre-mature death. That is a more serious problem than healthy young people paying 600 a year into the health ins. pool. If you're an unborn in the womb the right wing wants to save you, but if later that costs them 600 a year so we have a national health ins. system that will insure everyone, well you can just die. Doesn't make sense to me.

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