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It's intended as an estimate and let me explain the logic.
Insurance companies are in the business of selling insurance in what is a highly regulated environment and they even have loss ratio minimums by law in this case.
Anthem is the ONLY insurer currently writing in those areas and they don't want to anymore.
<this should be a huge red flag to you guys. Imagine if every gas station in your half of the state closed, would you think they're profitable?>
So, I used the proxy rate increase cited in the article on page 1 of 50-60% rate increases and can provide you the formula to go from there if you're that curious.
It might be that they're only paying out something like $1.25 for every $1 they're taking in but that's probably the lower end of the range based upon their actions and other information that's been mentioned.
Might be able to get the exact number from public records but I'll leave that to someone else.
It's intended as an estimate and let me explain the logic.
Insurance companies are in the business of selling insurance in what is a highly regulated environment and they even have loss ratio minimums by law in this case.
Anthem is the ONLY insurer currently writing in those areas and they don't want to anymore.
<this should be a huge red flag to you guys. Imagine if every gas station in your half of the state closed, would you think they're profitable?>
So, I used the proxy rate increase cited in the article on page 1 of 50-60% rate increases and can provide you the formula to go from there if you're that curious.
It might be that they're only paying out something like $1.25 for every $1 they're taking in but that's probably the lower end of the range based upon their actions and other information that's been mentioned.
Might be able to get the exact number from public records but I'll leave that to someone else.
Anthem exiting is a red flag, the reasons are fairly obvious if you read through their statement. The markets have been destabilized by the lack of a decision on the subsidies, so they don't know what their bottom line will be for next year. Add in the fact that Trump has withdrawn IRS penalties and advertising.
Imagine in you owned a gas station and you needed to set prices for next year not knowing the price of a barrel of oil, would you stay in business.
Anthem exiting is a red flag, the reasons are fairly obvious if you read through their statement. The markets have been destabilized by the lack of a decision on the subsidies, so they don't know what their bottom line will be for next year. Add in the fact that Trump has withdrawn IRS penalties and advertising.
Imagine in you owned a gas station and you needed to set prices for next year not knowing the price of a barrel of oil, would you stay in business.
That would be why you hedge your position. However gas stations make a very small margin of profit selling gas anyhow as compared to other items so that isn't exactly a good analogy.
That would be why you hedge your position. However gas stations make a very small margin of profit selling gas anyhow as compared to other items so that isn't exactly a good analogy.
The point is how do you arrive at a guranteed price schedule today if you can't predict government susidies next year. This should have been addressed months ago but here we are in June with 2018 around the corner. It's quite obvious Trump is straddling the fence delaying his decsion and creating instability and he will claim it failed on it's own. Anyone can see that he is doing anything he can to make sure it fails.
The point is how do you arrive at a guranteed price schedule today if you can't predict government susidies next year. This should have been addressed months ago but here we are in June with 2018 around the corner. It's quite obvious Trump is straddling the fence delaying his decsion and creating instability and he will claim it failed on it's own. Anyone can see that he is doing anything he can to make sure it fails.
It has already failed on its own in many places. Thats what poorly designed and thought out things do.
The only guarantees in life are death and taxes.
This garbage legislation was still signed into law by a President -not- named Trump.
He doesn't care about those people. Are we still pretending he cares?
Quote:
Originally Posted by AlongTheI-5
As long as the idiots in the red states lose their coverage first, I'm good.
Sometimes I feel exactly the same way. Some states that went big for Trump are going to be the ones to lose their coverage.
Quote:
Originally Posted by Goodnight
Anthem exiting is a red flag, the reasons are fairly obvious if you read through their statement. The markets have been destabilized by the lack of a decision on the subsidies, so they don't know what their bottom line will be for next year. Add in the fact that Trump has withdrawn IRS penalties and advertising.
Imagine in you owned a gas station and you needed to set prices for next year not knowing the price of a barrel of oil, would you stay in business.
Yes, Anthem pretty much says it's the fault of this Administration.
Quote:
Originally Posted by tripleh
It has already failed on its own in many places. Thats what poorly designed and thought out things do.
The only guarantees in life are death and taxes.
This garbage legislation was still signed into law by a President -not- named Trump.
That's total crap. 24 million more people got healthcare by a President-not-named Trump and if Trump gets his way - 24 million people will LOSE HEALTHCARE coverage.
Yeah, Trump really cares about 'the little guy' all right.
That's total crap. 24 million more people got healthcare by a President-not-named Trump and if Trump gets his way - 24 million people will LOSE HEALTHCARE coverage.
the new wrong cbo number is 23 million..but hey, facts. If I wanted to have everyones healthcare subsidized out of my pay there are plenty of socialist hellhole countries I could move to. People volunteering to do it is one thing good on them, but being forced to is not right.
the new wrong cbo number is 23 million..but hey, facts. If I wanted to have everyones healthcare subsidized out of my pay there are plenty of socialist hellhole countries I could move to. People volunteering to do it is one thing good on them, but being forced to is not right.
Well, if you say the CBO number is wrong - you CAN'T also say that the 24 million is wrong by basing that on the CBO score.
You have to pay your bill. Why did you lose yours and I didn't lose my anthem coverage. I'm not on a subsidy are you?
My family lost Anthem coverage. Reason given was it was not approved under the ACA. Not on a subsidy.
Remember If you like your health care plan, you can keep your healthcare plan?
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