Comment: Obamacare calling, “Can you afford me now? How about now?”
(Folks, we over at the Obamacare Truth Squad take no joy laughing our heads off at these fools’ failures, or chortling “We told you so,” rolling down the stairs as tears stream down our faces. The simple truth is that Obamacare costs a lot more, the quality is poorer, it’s not going to get better, and we told y’all this from the start.)
“Minnesota health insurers expect to receive about $194.2 million to help cover financial losses last year in the individual health insurance market, according to preliminary figures released last month by the federal government.”
“The money comes from financial safety net programs in the federal Affordable Care Act that will substantially reduce — but won’t eliminate — losses in the individual market that nonprofit insurers in April estimated at $316 million.”
“In June, insurers cited the past losses as evidence that premiums in the individual market have been too low. For 2016, most insurers are seeking double-digit rate increases in Minnesota’s individual market, including hikes of more than 50 percent proposed by Eagan-based Blue Cross and Blue Shield of Minnesota.”
Insurers would split $194 million in ACA payments to cover losses
By Christopher Snowbeck Star Tribune
July 6, 2015