Saturday, July 04, 2015

ObozoCare Works!!

Just as Obozo the Gramscian/Marxist had hoped, ObozoCare will raise rates. 

A lot.

Blue Cross and Blue Shield plans — market leaders in many states — are seeking rate increases that average 23 percent in Illinois, 25 percent in North Carolina, 31 percent in Oklahoma, 36 percent in Tennessee and 54 percent in Minnesota...

...The Oregon insurance commissioner, Laura N. Cali, has just approved 2016 rate increases for companies that cover more than 220,000 people. Moda Health Plan, which has the largest enrollment in the state, received a 25 percent increase, and the second-largest plan, LifeWise, received a 33 percent increase....

..Blue Cross and Blue Shield of New Mexico has requested rate increases averaging 51 percent for its 33,000 members....

Geisinger, [Pennsylvania] often praised as a national model of coordinated care, has requested an increase of 40 percent in rates for its health maintenance organization....

Arches Health Plan, which covers about one-fourth of the people who bought insurance through the federal exchange in Utah. ... It has requested rate increases averaging 45 percent for 2016...

Health Net, for example, requested rate increases averaging 9 percent in Oregon. The state approved increases averaging 34.8 percent. Oregon’s Health Co-op requested a 5.3 percent increase. The state called for a 19.9 percent increase....

The objective for Obozo is to either 1) bankrupt the insurers; or 2) raise rates so high that there is a national outcry for single payer--which would be the Gummint. 

Or both.

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