NC obamacare rates skyrocket, Aetna slashes ACA exchange participation, Blue Cross Blue Shield raises premiums 34 percent lost more than $400 million, Aetna second quarter pre tax loss of $200 million

NC obamacare rates skyrocket, Aetna slashes ACA exchange participation, Blue Cross Blue Shield raises premiums 34 percent lost more than $400 million, Aetna second quarter pre tax loss of $200 million

“If you like your plan, you can keep it.”…Barack Obama

“millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.”…NBC News October 29, 2013

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

Are you in NC and seriously considering voting for Hillary the lying sociopath?

Obama’s impact on NC has been catastrophic.

There is no reason to believe that Hillary’s will be less.

From Insurance Journal August 13, 2016.

“Blue Cross Seeks 34% Rate Hike in North Carolina for ACA Plans”

“North Carolina’s largest health insurer says higher-than-anticipated costs after two years of selling federally subsidized coverage has forced it to seek premium increases even greater than it thought would be necessary two months ago.

Blue Cross and Blue Shield of North Carolina said Aug. 6 that it now seeks an average 34.6 percent higher premium for insurance sold under President Barack Obama’s health insurance overhaul law. The company said in June that it wanted to raise rates by an average of almost 26 percent starting in January, compared with this year’s allowed 13.5 percent increase.

The move comes as dozens of health insurers across the country have proposed increasing premiums for individual policies well beyond 10 percent for 2016. However, many of those insurers face pushback from state and federal regulators, and experts say it’s still too soon to say how things will turn out.

Blue Cross vice president Patrick Getzen says the program has not met expectations that healthier customers would enroll in the second year and that costs would level out after people who avoided doctors for years got treatment.

“Based on our data, neither expectation is proving true. Our claims and expenses are higher than our premiums and we need to take steps now to protect the sustainability of plans for our customer over the long-term,” Getzen said.”

Read more:

http://www.insurancejournal.com/news/southeast/2015/08/13/378488.htm

From WRAL August 16, 2016.

“Insurer Aetna slashes ACA exchange participation, exits NC”

“Aetna has become the latest health insurer to retreat from the Affordable Care Act’s public exchanges by announcing a pullback that will further deplete customer choices in many pockets of the country.

The nation’s third largest insurer says it plans to leave nearly 70 percent of the counties in which it currently sells coverage as it trims exchange participation to four states in 2017, down from 15 this year. The move includes ending all Coventry Health Care of the Carolinas plans offered in North Carolina through HealthCare.gov.2

The insurer’s late Monday announcement comes after UnitedHealth and Humana detailed their own exchange pullbacks for 2017 and after more than a dozen nonprofit insurance co-ops have shut down in the past couple years.

Dwindling exchange participation from insurers is becoming a concern because competition is supposed to help control insurance price increases, and many carriers have already announced plans to seek price hikes of around 10 percent or more for 2017. Some states like Alaska and Oklahoma will be left with only one participant selling individual coverage in 2017.”

“The nation’s largest insurer, UnitedHealth Group Inc., had expanded rapidly into the public exchanges and sold coverage in 34 states this year, including North Carolina. But it only plans to offer policies in three states next year, Nevada, Virginia and New York.

The moves by Aetna and UnitedHealth leave Blue Cross Blue Shield of North Carolina as the only insurer to offer Affordable Care Act plans in North Carolina through the HealthCare.gov marketplace, although Cigna Corp. has said it would offer exchange plans in the Raleigh market in 2017.

Blue Cross has lost more than $400 million on exchange plans in the last two years and has considered dropping out as well, but company officials said in May they likely would continue offering exchange plans in 2017, depending on whether state regulators approve requested price increases.

Aetna has said it has been swamped with higher than expected costs, particularly from pricey specialty drugs. The nation’s third-largest insurer said a second-quarter pre-tax loss of $200 million from its individual insurance coverage helped it decide to limit exposure to the exchanges.”

Read more:

http://www.wral.com/insurer-aetna-slashes-aca-exchange-participation-to-4-states/15933839/

 

More here;

https://citizenwells.com/

 

 

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17 responses to “NC obamacare rates skyrocket, Aetna slashes ACA exchange participation, Blue Cross Blue Shield raises premiums 34 percent lost more than $400 million, Aetna second quarter pre tax loss of $200 million

  1. citizenwells

    “Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

    Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

  2. State Department to Turn over All FBI Clinton Email Records to Judicial Watch

    AUGUST 16, 2016

    Entire Disc of Records Uncovered by FBI Were Not Provided to State by Clinton in December 2014

    (Washington DC) – Judicial Watch today announced that the State Department has agreed to produce to Judicial Watch all emails sent or received by former Secretary of State Hillary Clinton that were uncovered by the FBI in its investigation of Clinton and her use of the clintonemail.com system:

    [T]he FBI completed its transmission to the State Department of documents recovered by the FBI in the course of its investigation in connection with former Secretary of State Hillary Clinton’s use of a personal e-mail system during her time as Secretary of State. State has voluntarily agreed to produce non-exempt agency records responsive to plaintiff’s FOIA request contained in the information transmitted.

    The records will be produced in connection with a Freedom of Information Act (FOIA) lawsuit before District Court Judge James E. Boasberg specifically seeking all of Clinton’s emails (Judicial Watch, Inc. v. U.S. Department of State (No. 1:15-cv-00687)). Judicial Watch’s FOIA lawsuit seeks:

    Any and all emails sent or received by former Secretary of State Hillary Rodham Clinton in her official capacity as Secretary of State during her tenure as Secretary of State.

    The timeframe for this request is February 2, 2009 to January 31, 2013.

    In a separate filing in another Judicial Watch FOIA lawsuit, the State Department acknowledged that an entire disc “containing information recovered by the FBI in the course of its investigation” had not been included “in the materials provided to the State Department by former Secretary Clinton in December 2014.”

    Clinton has repeatedly stated that she believes that the 55,000 pages of documents she turned over to the State Department in December 2014 included all of her work-related emails. In response to a court order, she declared under penalty of perjury that she had “directed that all my emails on clintonemail.com in my custody that were or are potentially federal records be provided to the Department of State, and on information and belief, this has been done.” This acknowledgment by the State Department is also at odds with her official campaign statement suggesting all “work or potentially work-related emails” were provided to the State Department.

    The State Department also stated to the court that the FBI sent “a second disc containing classified documents.”

    The State Department is also processing six other discs of records from “custodians other than former Secretary Clinton … including [but not limited to] materials from Ms. Abedin’s clintonemail.com account.” One of the discs of information is so large that State has asked the court for additional time to process them: “Because of the volume of materials located on the final disc, State requires additional time to load them into a document management system so that they can be searched.”

    These statements from the State Department result from a FOIA lawsuit before U.S. District Court Judge Emmet G. Sullivan that seeks records about the controversial employment status of Huma Abedin, former Deputy Chief of Staff to Clinton. The lawsuit was reopened because of revelations about the clintonemail.com system. (Judicial Watch v. U.S. Department of State (No. 1:13-cv-01363)).

    “The American people will now see more of the emails Hillary Clinton tried to hide from them,” said Judicial Watch President Tom Fitton. “Simply put, our lawsuits have unraveled Hillary Clinton’s email cover-up.”

    http://www.judicialwatch.org/press-room/press-releases/state-department-turn-fbi-clinton-email-records-judicial-watch/

  3. citizenwells

    Thanks bob.

  4. The problem here is that you can’t trust the State Department. They’ve been filtering information and stonewalling. Judicial Watch had to take them to court to get records that they were required by FOIA laws to make available. No agency in the Obama administration can be trusted.

  5. Judicial Watch
    24 mins ·

    Koskinen has aided and abetted the Obama administration in covering up a scandal of monstrous proportion and severity –the chilling Obama administration scheme that involved former IRS employee Lois Lerner to deploy the awesome power of the IRS in order to cripple conservative groups and target conservative individuals and help President Obama win re-election in 2012.

    Whereas, IRS Commissioner Koskinen has abused his office through dereliction of duty, failure to comply with … See More
    Impeach Obama IRS Commissioner John Koskinen Now!
    Koskinen has aided and abetted the Obama administration in covering up a scandal of monstrous proportion and severity –the chilling Obama…
    judicialwatch.org

    http://www.judicialwatch.org/blog/poll/impeach-koskinen/?source=46&utm_source=facebook.com&utm_medium=social&utm_campaign=Impeach+IRS+commissioner

  6. Judicial Watch

    IN ANOTHER election year with an opponent who is not so obviously unqualified, last week’s revelations about connections between Hillary Clinton’s State Department and the Clinton Foundation would have been bigger news.

    Though it is an exaggeration to claim that Ms. Clinton ran her agency as a pay-to-play operation, the latest unearthed emails from the Clinton State Department nevertheless reveal that the ethical wall she was supposed to have built between herself and her family’s organization was not impermeable enough. – via Washington Post
    A porous ethical wall between the Clinton Foundation and the State Department
    Such sloppiness would not be acceptable in the White House.
    washingtonpost.com|By Washington Post Opinions, Outlook, and PostEverything

    https://www.washingtonpost.com/opinions/a-porous-ethical-wall-between-the-clinton-foundation-and-the-state-department/2016/08/14/f068899e-60b8-11e6-af8e-54aa2e849447_story.html?utm_term=.6a15c02dc3e3

  7. oldsoldier80

    When you deal with the devil (Obama), you have to pay his dues……that’s what all these idiots who voted for that bastard two times gets…this is what they deserve.

  8. State Department emails shed light on Clinton charity ties

    Insight from Chris Farrell, director of research and investigations for Judicial Watch

    http://www.foxnews.com/on-air/americas-news-hq/index.html#/v/5082245960001

  9. CW………..
    ………….in addition United Healthcare has also lost a huge amount of money. This is the largest healthcare insurer in America. I personally believe that it is only a matter of time until United also pulls out of ACA. No insurer can afford to GIVE INSURANCE COVERAGE to 12 million illegals for FREE which is what Soetoro has roped them into doing. It is financially ruining the healthcare insurers. The insurers are being literally FORCED to cover people who have serious health issues to begin with (aids, and secondary drug illnesses along with many other high cost illnesses. As it stands both the taxpayers, and the working people are picking up a very large portion of the tab. Some of the people who subscribe to ACA, are even receiving government subsidies to pay for their coverage. …………which is total bullshi#. Nobody pays for my healthcare insurance except me. It is not my fault if somebody is ill , and can’t work to pay for his/her healthcare coverage, and I resent it big time when the government tries to force me to help pay for that person’s healthcare coverage. TOTAL BULLSHI#!

  10. ….I HASTEN TO ADD……..
    …………I do agree 100% with the notion that there is a need for Healthcare for people who for NO REASON OF THEIR OWN are unable to pay for healthcare insurance. The people who I have referred to in my foregoing comment are those whose LIFESTYLES have brought them to the doorstep of death, and who then have the audacity to EXPECT healthcare insurers to provide them with all the necessities including long term IN PATIENT CARE until their filthy diseases are either cured or they pass away. I do NOT SYMPATHISE with such people, and I say to them “DON’T EXPECT OTHERS TO PAY FOR YOUR OWN IGNORANCE, AND DEVIANT PRACTICES WHEREIN LIES THE ORIGIN OF YOUR ILLNESS.

  11. AND NOW………..
    ………….Mzzzzzzzzzzzzzzzzz PIGGY says that people who support Trump are uneducated morons. I say to her, there might very well be uneducated people supporting Trump, but how do you reconcile YOUR OWN SUPPORT OF KNOWN ENEMIES OF AMERICA?………ONCE AGAIN ……LOOK WHO IS TALKING! HAR HAR

  12. HERE WE GO AGAIN…….
    ……….OBVIOUSLY THERE IS ANOTHER OF THE MENTALLY SICK ARSONISTS ROAMING AROUND CALIFORNIA. THERE ARE HUNDREDS OF THESE SICK PEOPLE IN CALIFORNIA. ONE OF THEM WAS ARRESTED IN THE LAST FEW DAYS,BUT THERE ARE MANY OF THEM TO DEAL WITH. WHEN THEY ARE CAUGHT SETTING FIRES THEY NEED TO FACE SENTENCES RANGING UP TO LIFE IN AN INSTITUTION FOR THE CRIMINALLY INSANE.

  13. AND THE JOHNNY COME LATELY, WHO IS NOW TRYING TO HELP HILLARY BY RUNNING FOR POTUS ON THE INDEPENDENT PARTY, HAS REITERATED ALL OF MZZZZZZZZZZZ. PIGGY’S PROPASALS. It is also fact that he is a practicing Mormon……….WHO ELSE DO WE KNOW WHO IS A MORMON WHO LOST AN ELECTION…….PROBABLY FRIENDS.

  14. oldsailor84

    RE MZZZZZZZZZ PIGGY

    remember what Obama said……………
    “PUT LIPSTICK ON A PIG, IT’S STILL A PIG”

  15. hapnHal………..
    10-4

  16. citizenwells

    Paul Chelimo, UNC Greensboro grad, just won 5000m round one, heat 2

  17. “this morning retail giant Target also guided lower for 2H 2016 on the back of a “challenging environment in the back half of the year.””

    http://www.zerohedge.com/news/2016-08-17/retail-giants-miss

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