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Germany accused of 'deporting' its elderly: Rising numbers moved to Asia and Eastern Europe because of sky-high care costs
Country's elderly and sick being sent abroad due to rising care costs
Situation described as 'inhumane deportation' and a huge 'alarm signal'
Warning to Britain where pensioners are selling homes to pay for healthcare
Germany accused of 'deporting' its elderly: Rising numbers moved to Asia and Eastern Europe because of sky-high care costs | Mail Online
Obamacare handling of health care today???
A man was killed Thursday evening after being shoved in front of an oncoming Subway train, police said.
Man Dies After Being Struck By 7 Train In Sunnyside Queens « CBS New York
And the next victims will be private insurance companies..
The boss at one of the nation’s biggest health insurers recently dropped a very public bombshell about the future of his industry — by forecasting its imminent death.
One of Obamacare’s most disruptive new restrictions is its “minimum medical loss ratio” (MLR). This rule requires insurers to spend 80 to 85 percent of all premiums received on claims. The former governs the individual and small-group markets, the latter the large-group market.
The idea is to prevent insurers from funneling excessive amounts of revenue toward administrative expenses or profit. If the company doesn’t hit the 80- or 85-percent target, it must rebate its customers the difference.
This rule may sound reasonable. After all, who doesn’t want to get better value for their premium dollars?
But it’s exerting a serious toll on insurers’ bottom lines. WellPoint, the country’s biggest insurer, took an estimated $300-million hit last year because of the rule. Aetna suffered $100 million in damage at the hands of the MLR.
Insurers won’t just eat those losses. They’ll raise premiums to compensate. And consumers will be left holding the bag.
Further, most administrative costs — like office rent and worker salaries — are relatively fixed. And the industry’s profit margin is in the neighborhood of 2 percent. So the easiest way for many insurers to drive administrative expenses below the threshold would be to hike premiums and simply pay healthcare providers more money.
That might be good news for doctors and hospitals — but it certainly won’t be for patients.
The End of Private Health Insurance In America - Forbes
Country's elderly and sick being sent abroad due to rising care costs
Situation described as 'inhumane deportation' and a huge 'alarm signal'
Warning to Britain where pensioners are selling homes to pay for healthcare
Germany accused of 'deporting' its elderly: Rising numbers moved to Asia and Eastern Europe because of sky-high care costs | Mail Online
Obamacare handling of health care today???
A man was killed Thursday evening after being shoved in front of an oncoming Subway train, police said.
Man Dies After Being Struck By 7 Train In Sunnyside Queens « CBS New York
And the next victims will be private insurance companies..
The boss at one of the nation’s biggest health insurers recently dropped a very public bombshell about the future of his industry — by forecasting its imminent death.
One of Obamacare’s most disruptive new restrictions is its “minimum medical loss ratio” (MLR). This rule requires insurers to spend 80 to 85 percent of all premiums received on claims. The former governs the individual and small-group markets, the latter the large-group market.
The idea is to prevent insurers from funneling excessive amounts of revenue toward administrative expenses or profit. If the company doesn’t hit the 80- or 85-percent target, it must rebate its customers the difference.
This rule may sound reasonable. After all, who doesn’t want to get better value for their premium dollars?
But it’s exerting a serious toll on insurers’ bottom lines. WellPoint, the country’s biggest insurer, took an estimated $300-million hit last year because of the rule. Aetna suffered $100 million in damage at the hands of the MLR.
Insurers won’t just eat those losses. They’ll raise premiums to compensate. And consumers will be left holding the bag.
Further, most administrative costs — like office rent and worker salaries — are relatively fixed. And the industry’s profit margin is in the neighborhood of 2 percent. So the easiest way for many insurers to drive administrative expenses below the threshold would be to hike premiums and simply pay healthcare providers more money.
That might be good news for doctors and hospitals — but it certainly won’t be for patients.
The End of Private Health Insurance In America - Forbes
