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Author Topic: Health insurance: interesting newsarticle just published  (Read 1517 times)

VallAndMo

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Health insurance: interesting newsarticle just published
« on: March 11, 2016, 11:50:57 PM »
Hello everyone,

Interesting article mentioning the issues insurance companies are going thru, specially BSBC's parent company:

http://www.chicagotribune.com/business/ct-blue-cross-obamacare-insurance-0313-biz-20160311-story.html

Cheers,
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   Vall.

Staff edit: Fix URL
« Last Edit: March 12, 2016, 01:11:30 PM by Ned »

Gary RV_Wizard

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Gary
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VallAndMo

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Re: Health insurance: interesting newsarticle just published
« Reply #2 on: March 12, 2016, 03:57:36 PM »
Hi Gary,
This link should work better.

http://www.chicagotribune.com/business/ct-blue-cross-obamacare-insurance-0313-biz-20160311-story.html

Humrmm... it shows (and "clicks") here exactly the same as the one I've posted... but thanks nonetheless.

Cheers,
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  Vall.

Gary RV_Wizard

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Re: Health insurance: interesting newsarticle just published
« Reply #3 on: March 12, 2016, 04:05:46 PM »
Didn't work for me when I clicked your original, but that happens sometimes.  Works now, so must have been a glitch when I tried it earlier. No worries...
Gary
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Summers: Black Mountain, NC
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Tom

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Re: Health insurance: interesting newsarticle just published
« Reply #4 on: March 12, 2016, 04:46:58 PM »
Ned fixed the original link.
Tom.  Need help? Click the Help button in the toolbar above.

Gregg

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Re: Health insurance: interesting newsarticle just published
« Reply #5 on: March 12, 2016, 08:18:48 PM »
Still struggling to understand how it can be called the "Affordable Care Act".  My premiums have almost doubled and the deductible is up over 300% and now it appears Insurance Companies are still losing money.  Interesting. :-\
« Last Edit: March 12, 2016, 08:20:45 PM by Gregg »
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John From Detroit

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Re: Health insurance: interesting newsarticle just published
« Reply #6 on: March 13, 2016, 01:16:44 PM »
The ACA allows health insurers to keep 20 cents on every subscriber dollar.. Most do not know this, 80 cents has to be paid out as benefits.. If they lost money it is due to bad planning.

The Alternative woudl allow the health insurers to pay out as little as,, Less than one cent per dollar if they wished.. Think about this.. It is that 80% benefits requirment that makes ACA work.
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Gary RV_Wizard

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Re: Health insurance: interesting newsarticle just published
« Reply #7 on: March 13, 2016, 03:16:26 PM »
Most insurers end up paying more than 80% out in benefits anyway. Insurers make their money on cash flow, not the difference between premiums and benefits. They don't mind paying out 100% in benefits as long as they get a high volume of premiums and some time to invest the cash before paying it back out again.

But we are wandering off the RV reservation here. This could quickly degenerate into an ACA" political discussion and I don't want to go there.

Gary
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Summers: Black Mountain, NC
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