Largest Ocare Provider In Mn Calls It Quits After One Yr

[finebead]

It doesn't mean insurers can't charge based on risk, otherwise you totally defeat the insurance principles. It means the policies exist, but it still may be beyond the financial ability to pay. The government will eventually be forced to limit coverage through denial of procedures or care based on age most likely.

If more companies are offering more plans in the exchanges, it is because they believe they can make more profit than if they stay out of the exchange.

The govt. is not setting rates, nor offering coverage. The govt. has set the standard for certain terms of the policy like "must insure", "non-cancelable", and "no lifetime limit". It is the ins. company's responsibility to analyze the actuarial impact of those terms, find out what the projected cost of that coverage is, and set a monthly premium price that will allow them to pay their claims and make a profit for their shareholders. Apparently they can do that, since we are seeing greater participation in the exchange, per my post above.

 

[saveliberty]

Keep down prices. You wrote that with a straight face? Very meaningful increases last year and more on the way for next year. Obamacare only changes some of the insured, no real gains and never controlled costs.

Health care price growth is indisputably low. Price growth has been below 2% for a few years now, taking it on par with (or even below) overall economic growth--a historic rarity.

But it's not just prices. Medicare is becoming cheaper for the taxpayer:
Per Capita Medicare Spending is Actually Falling | SEPT. 3, 2014

Medicare spending isn’t just lower than experts predicted a few years ago. On a per-person basis, Medicare spending is actually falling.

If the pattern continues, as the Congressional Budget Office forecasts, it will be a rarity in the Medicare program’s history. Spending per Medicare patient has almost always grown more rapidly than the economy as a whole, often by a wide margin.

Health spending overall is slowing across the entire economy:
Affordable Care Act effect linked to lower medical cost estimates | September 5, 2014

WASHINGTON — Estimates of U.S. health-care spending for the next five years have been lowered by two federal agencies, and the Patient Protection and Affordable Care Act is getting much of the credit.

U.S. health spending in 2019 will be $4 trillion, the Centers for Medicare and Medicaid Services said this week, or $500 billion less than the agency projected in 2010 when President Barack Obama's health-care overhaul became law. That announcement followed by a week a report from the Congressional Budget Office lowering its five-year cost estimates.

The health law has been criticized by Republicans as costly and unsustainable. Now, four years after its arrival, the law's mandated program cuts and the medical practices it encourages — limiting unneeded procedures, and keeping people out of the hospital longer — are cited by economists as key ingredients in trimming the nation's medical bill. While the recession has had an influence on the cost slowdown, it doesn't explain it all, according to policy analysts and the CBO.

The cost of the ACA is dropping as the premiums to which subsidies are attached drop:
Early Analysis Finds a Drop in Obamacare Premiums Next Year | Sept. 5, 2014

In preliminary but encouraging news for consumers and taxpayers, insurance filings show that average premiums will decline slightly next year in 16 major cities for a benchmark Obamacare plan.

Employer-based premium growth is at a low:
Latest Good News in Health Spending: Employer Premiums | SEPT. 10, 2014

We’re in the midst of a rare slowdown in the growth of health spending. That slowdown just hit the employer health insurance market.

On Wednesday, the Kaiser Family Foundation published its annual survey on the health plans that employers are offering their workers. It’s large and comprehensive and generally regarded as the most reliable measure of what’s happening in the employer market.

The big finding is that the growth in health insurance premiums was only 3 percent between 2013 and 2014. That’s tied for the lowest rate of increase since Kaiser started measuring (this is the 16th year of the survey)

And as for some state-level trends in the new marketplaces, average increases are well below the double digit increases that were prevalent in the pre-ACA individual market.

• Good news for Oregonians! Health premiums to drop next year
• Health-care premiums fall in Arkansas
• New Mexico Health Exchange Insurance Premiums To Drop In Price
• Health exchange premiums will drop [in Mississippi] ("Premiums for Magnolia Health, which offers the only plans available for Northeast Mississippi counties except for Alcorn and Tishomingo, are expected to go down by about 25 percent")
• After rate hike rejected, Anthem to decrease premiums next year [in Connecticut]
• Premiums for Obamacare plans in Maine dip or remain flat for 2015
• Many Floridians Will Find A Cheaper ACA Plan In 2015
• Colorado regulators approve health insurance premiums 1 percent higher
• 2015 health insurance premiums on Obamacare exchanges won’t increase much [in Montana] ("Prices for 2015 health insurance policies sold on Montana’s federal online “marketplace” will increase only 1.35 percent")
• [Massachusetts] Connector health plans for 2015 will rise by 1.6%
• 90 health plans approved for 2015 Exchange [in Washington] ("The overall approved average rate change is just 1.9 percent")
• District of Columbia: 2015 premium increase only 2.3% (unweighted)
• Obamacare rate hikes in California to average 4% in 2015
• More Indiana options coming on insurance exchange ("Korty said a 5-percent average increase in exchange premiums is expected on Indiana policies")
• Maryland approves smaller rate hikes for CareFirst, lowers rates for 3 others
• New York's Obamacare rates will rise an average of 5.7% for its second year
• Utah Health Premiums to Increase 5.7 Percent

The doom-and-gloomerism gets sillier by the day.

You are a lying sack of crap Greenbread. My premiums went up 16% last year. Your suggestion that Medicare prices decreased is crap too. Ask any retiree. As to the future, it would be a complete reversal of trends to have your outcome. Very unbelievable. I expect paid mouth pieces like yourself to spout crap like this.

 

[william the wie]

The Ocare implosion is showing up in more campaign ads. flip on the boob tube and see for your self in most states.

 

[Greenbeard]

Keep down prices. You wrote that with a straight face? Very meaningful increases last year and more on the way for next year. Obamacare only changes some of the insured, no real gains and never controlled costs.

Health care price growth is indisputably low. Price growth has been below 2% for a few years now, taking it on par with (or even below) overall economic growth--a historic rarity.

But it's not just prices. Medicare is becoming cheaper for the taxpayer:
Per Capita Medicare Spending is Actually Falling | SEPT. 3, 2014

Medicare spending isn’t just lower than experts predicted a few years ago. On a per-person basis, Medicare spending is actually falling.

If the pattern continues, as the Congressional Budget Office forecasts, it will be a rarity in the Medicare program’s history. Spending per Medicare patient has almost always grown more rapidly than the economy as a whole, often by a wide margin.

Health spending overall is slowing across the entire economy:
Affordable Care Act effect linked to lower medical cost estimates | September 5, 2014

WASHINGTON — Estimates of U.S. health-care spending for the next five years have been lowered by two federal agencies, and the Patient Protection and Affordable Care Act is getting much of the credit.

U.S. health spending in 2019 will be $4 trillion, the Centers for Medicare and Medicaid Services said this week, or $500 billion less than the agency projected in 2010 when President Barack Obama's health-care overhaul became law. That announcement followed by a week a report from the Congressional Budget Office lowering its five-year cost estimates.

The health law has been criticized by Republicans as costly and unsustainable. Now, four years after its arrival, the law's mandated program cuts and the medical practices it encourages — limiting unneeded procedures, and keeping people out of the hospital longer — are cited by economists as key ingredients in trimming the nation's medical bill. While the recession has had an influence on the cost slowdown, it doesn't explain it all, according to policy analysts and the CBO.

The cost of the ACA is dropping as the premiums to which subsidies are attached drop:
Early Analysis Finds a Drop in Obamacare Premiums Next Year | Sept. 5, 2014

In preliminary but encouraging news for consumers and taxpayers, insurance filings show that average premiums will decline slightly next year in 16 major cities for a benchmark Obamacare plan.

Employer-based premium growth is at a low:
Latest Good News in Health Spending: Employer Premiums | SEPT. 10, 2014

We’re in the midst of a rare slowdown in the growth of health spending. That slowdown just hit the employer health insurance market.

On Wednesday, the Kaiser Family Foundation published its annual survey on the health plans that employers are offering their workers. It’s large and comprehensive and generally regarded as the most reliable measure of what’s happening in the employer market.

The big finding is that the growth in health insurance premiums was only 3 percent between 2013 and 2014. That’s tied for the lowest rate of increase since Kaiser started measuring (this is the 16th year of the survey)

And as for some state-level trends in the new marketplaces, average increases are well below the double digit increases that were prevalent in the pre-ACA individual market.

• Good news for Oregonians! Health premiums to drop next year
• Health-care premiums fall in Arkansas
• New Mexico Health Exchange Insurance Premiums To Drop In Price
• Health exchange premiums will drop [in Mississippi] ("Premiums for Magnolia Health, which offers the only plans available for Northeast Mississippi counties except for Alcorn and Tishomingo, are expected to go down by about 25 percent")
• After rate hike rejected, Anthem to decrease premiums next year [in Connecticut]
• Premiums for Obamacare plans in Maine dip or remain flat for 2015
• Many Floridians Will Find A Cheaper ACA Plan In 2015
• Colorado regulators approve health insurance premiums 1 percent higher
• 2015 health insurance premiums on Obamacare exchanges won’t increase much [in Montana] ("Prices for 2015 health insurance policies sold on Montana’s federal online “marketplace” will increase only 1.35 percent")
• [Massachusetts] Connector health plans for 2015 will rise by 1.6%
• 90 health plans approved for 2015 Exchange [in Washington] ("The overall approved average rate change is just 1.9 percent")
• District of Columbia: 2015 premium increase only 2.3% (unweighted)
• Obamacare rate hikes in California to average 4% in 2015
• More Indiana options coming on insurance exchange ("Korty said a 5-percent average increase in exchange premiums is expected on Indiana policies")
• Maryland approves smaller rate hikes for CareFirst, lowers rates for 3 others
• New York's Obamacare rates will rise an average of 5.7% for its second year
• Utah Health Premiums to Increase 5.7 Percent

The doom-and-gloomerism gets sillier by the day.

You are a lying sack of crap Greenbread.

Publicly available, easily verifiable information isn't a "lie" simply because you don't like it.

Economy-wide, health price and spending trends haven't looked this good in a half century. Premium growth seems to be stabilizing (even reversing, in some rating areas) in the new marketplaces and mitigating in the employer-sponsored space. And yes, Medicare costs have flattened, even as thousands of Boomers age into the program each day.

These are interesting times.

 

[Greenbeard]

Your suggestion that Medicare prices decreased is crap too. Ask any retiree.

With the announcement today that for the third straight year Medicare Part B premiums and deductibles in 2015 won't be increasing, it's worth remembering that those premiums are lower than they were when the ACA passed in 2010.

As is the Part B deductible (it was $155 in 2010 and will be $147 next year).

Oh, and as of yesterday we have complete data for FY2014: Medicare spending over the course of the fiscal year grew 2.7% despite enrollment growing 3.8% as Baby Boomers continue to age into it.

In other words, per capita Medicare spending continued to fall.

You're correct, though, that these trends are pretty remarkable.

 

[Antares]

Thanks for agreeing they have the most Ocare policies which is what was posted.....

But, as I pointed out before, not what the title of this thread says. It doesn't really matter though.

Semantics, really?

Fact the company with the largest share of the ACA plans quit, why?

 

[CrusaderFrank]

Yeah, under old insurance underwriting they could turn their backs on you...

Agreed they should back out. Under the new rules they can turn their backs on you for no reason.

Really? Is that your understanding of how the insurance business works??

 

[CrusaderFrank]

Your suggestion that Medicare prices decreased is crap too. Ask any retiree.

With the announcement today that for the third straight year Medicare Part B premiums and deductibles in 2015 won't be increasing, it's worth remembering that those premiums are lower than they were when the ACA passed in 2010.

As is the Part B deductible (it was $155 in 2010 and will be $147 next year).

Oh, and as of yesterday we have complete data for FY2014: Medicare spending over the course of the fiscal year grew 2.7% despite enrollment growing 3.8% as Baby Boomers continue to age into it.

In other words, per capita Medicare spending continued to fall.

You're correct, though, that these trends are pretty remarkable.

Welcome Back!!

A lot of new posters are looking for paid positions to post the Administrations disinformation and asking who should they talk to. I refer them to you

 

[Politico]

Yeah, under old insurance underwriting they could turn their backs on you...

Agreed they should back out. Under the new rules they can turn their backs on you for no reason.

Really? Is that your understanding of how the insurance business works??

No that is the understanding of how the ACA rules work.

 

[asaratis]

Thanks for agreeing they have the most Ocare policies which is what was posted.....

But, as I pointed out before, not what the title of this thread says. It doesn't really matter though.

You seem to be singularly obtuse here. They sold the most policies. They were the largest provider of Obamacare policies. That despite the small size of the company. The OP title is correct.

 

[lulz]

Your suggestion that Medicare prices decreased is crap too. Ask any retiree.

With the announcement today that for the third straight year Medicare Part B premiums and deductibles in 2015 won't be increasing, it's worth remembering that those premiums are lower than they were when the ACA passed in 2010.

As is the Part B deductible (it was $155 in 2010 and will be $147 next year).

Oh, and as of yesterday we have complete data for FY2014: Medicare spending over the course of the fiscal year grew 2.7% despite enrollment growing 3.8% as Baby Boomers continue to age into it.

In other words, per capita Medicare spending continued to fall.

You're correct, though, that these trends are pretty remarkable.

Welcome Back!!

A lot of new posters are looking for paid positions to post the Administrations disinformation and asking who should they talk to. I refer them to you

What Greenbeard said is factually correct. The medicare part B deductible has decreased overall from 155 dollars. Also the medicare part B premium has also remained the same for several years. Do you hate facts so much that you'll substitute your own to fit your opinion?

 

[Brrainstormerr]

A lot of interesting arguments here. Here's my own take on why PreferredOne’s Exit from MNsure won’t really hurt Obamacare Ecosystem. I had a few thoughts here, so decided to chalk it all down to a blog post:

Will PreferredOne s Exit From Mnsure Hurt Obamacare

Let me know your thoughts!