Dozens of Organizations Call on State to Reject CareFirst's Premium Rate Hikes

[newsBot]

This just in from the somd.com Headline News:

Title: Dozens of Organizations Call on State to Reject CareFirst's Premium Rate Hikes

Date: 06-20-2017 03:08 PM

Summary: Hoyer's Affordable Care Act (ACA) has turned out to be anything but affordable.

Click here for the full story...

 

[Gilligan]

They can mew and pew all they want..and CareFirst can - AND WILL - simply do what other insurers have done: Pull out altogether.

Morons.

This kind of justification/rationalization by the left is sickening.

CareFirst also remains on solid financial footing, with a surplus far exceeding what is required by law for a health insurer, despite its losses on the individual market since 2014.

The screaming left hoards are not satisfied until they see a company actually ruin itself in pursuit of their warped utopian goals.

 

[stgislander]

This line interested me.

Research from Standard & Poor's found that nationally the individual market is improving and needs time to mature,....

 

[Chris0nllyn]

They can mew and pew all they want..and CareFirst can - AND WILL - simply do what other insurers have done: Pull out altogether.

Morons.

This kind of justification/rationalization by the left is sickening.

The screaming left hoards are not satisfied until they see a company actually ruin itself in pursuit of their warped utopian goals.

I think they are equating a few different things. Companies like United Health have more than one iron in the fire, so to speak. Obamacare says the medical loss ratio (MLR) has to be 80% (85% for large markets) meaning they have to spend at least 80% (or 85%) of premium dollars on claims and activities to improve health care quality.

It seems the commenter you quoted thinks that 80/20 rule applies to company profits as a whole.

This line interested me.

That's because since the law was enacted, managed care companies (UnitedHealth, Aetna, Anthem, Cigna, Humana and Centene) stocks have soared over the last 7 years. The S&P index as a whole returned 136.5% during that time, while managed care stocks rose 300%. United Health, for example, returned 480%.

 

[stgislander]

That's because since the law was enacted, managed care companies (UnitedHealth, Aetna, Anthem, Cigna, Humana and Centene) stocks have soared over the last 7 years. The S&P index as a whole returned 136.5% during that time, while managed care stocks rose 300%. United Health, for example, returned 480%.

So for whom is S&P saying the individual market improving for? You appear to be saying that the managed care companies are already making money hand over fist. And it's definitely not improving for me.

 

[Chris0nllyn]

So for whom is S&P saying the individual market improving for? You appear to be saying that the managed care companies are already making money hand over fist. And it's definitely not improving for me.

S&P is worried about their own index and most likely using that as their metric.

It's not improving for me either.