In the article Get ready for huge Obamacare premium hikes in 2017 it was explained that:
- ..the culmination of market shifts and rising health care costs will force stark increases in health insurance rates in the coming year
- ..many insurers have begun submitting opening bids on raising their premium rates and copayments, which will then be reviewed by the government and finalized this fall.
- The combination of market forces and limitations imposed by the Affordable Care Act will put enormous pressure on insurers to up their premiums.
- Finally, two of three federal “risk mitigation” programs created under Obamacare are due to expire in 2017. Those programs were set up to protect insurers from huge, unexpected losses from providing health insurance on the Obamacare exchanges. UnitedHealth and other major insurers have found it difficult to accurately anticipate their costs in providing coverage to sicker or older Americans, and set premiums that were inadequate to cover their risks. Without those programs to fall back on, many companies likely will seek to jack up their premiums.
Here is the best part and something I never commented on in this blog before. The big kahuna they interviewed in this piece is Marilyn Tavenner, the president and CEO of America’s Health Insurance Plans (AHIP). Who is she?She was the former administration official who headed the Center for Medicare and Medicaid Services (CMS) and oversaw the disastrous launch of HealthCare.gov, the Obamacare website. How is it even possible for her to have a straight face when talking to anyone. She was in charge of Obamacare and now is critical of it?
- Analysts predicted that Tavenner would not make major changes to the agency’s daily operations. “She brings continuity in terms of implementing the mission,” said Len Nichols, director of George Mason University’s Center for Health Policy Research and Ethics.
- In an announcement to staff, Department of Health and Human Services Secretary Kathleen Sebelius said Tavenner’s “distinguished career in health care and deep knowledge of our efforts to implement health reform make her the right person for this job at this moment in history.”
And how do we allow former federal employees jump ship to the anyone without some type of noncompete clause? Many doctors have them.Tweet