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Sick Drawn to New Coverage in Health-Law Plans

Discussion in 'Economy' started by ethics, Jun 25, 2014.

  1. ethics

    ethics Pomp-Dumpster Staff Member

    No one saw this coming!!! ;)

    But this isn't funny, of course, it's what many have yelled and bitched about and rightfully so.

    People enrolled in new plans under the health law are showing higher rates of serious health conditions than other insurance customers, according to an early analysis of medical claims, putting pressure on insurers around the country as they prepare to propose rates for next year.
    The findings provide the clearest picture so far of the health status of those who bought plans under the Affordable Care Act, and show a sharply bifurcated consumer insurance market—with sicker, and costlier, people in health-law plans and healthier people sticking with previous coverage.
    "It's even worse than what we thought," said Patrick Getzen, chief actuary for Blue Cross & Blue Shield of North Carolina. "We're seeing more chronic conditions than we would have expected," he said, and that will "put pressure on the 2015 rates." Among them are diabetes, depression, asthma, heart disease and cancer, he said.

    On a personal level a guy who works with me is a consultant and opted for Obamacare, has an individual plan for $450 a month, he got a letter this week stating that his rates for 2015 by 25%.

    Basically, everyone who is middle, upper middle, and upper class is subsidizing everyone else.
  2. Biker

    Biker Administrator Staff Member

    Insurance companies should never have been allowed to deny coverage for "pre-existing" conditions.

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