Aetna/Cigna CEO's Don't Want a Repeal

[Yagents]

These two companies might as well be merged, they always seem to swim in the same pond. It sounds like they figured it out: everyone insured + gov't subsidies + cutting agents out = higher profits

Health Insurer Execs Say PPACA is Inevitable - Regulatory,Legislative and Tax Issues - Life and Health Insurance News

 

[Evan]

They are both making the smart moves. They know they can't repeal and and aren't wasting their time. Instead they are looking at it and finding what they can do to make it stronger, starting with the MLR.

One item Cordani hopes to see is more time to executing the complex changes in the medical loss ratio (MLR) provisions of PPACA before the health exchange system is launched in 2014.

The MLR, which will start to be implemented in January, is a complex ratio that limits administration costs to between 15% and 20% of healthcare premiums.

"The administration understands the predicament," Cordani said. "A phase-in process will help to minimize the impact."

Sounds like a good idea to me.

Evan

 

[ins.dave]

Does anybody here actually believe a mandate is possible to enforce?

 

[somarco]

The mandate will be illegal unless the courts are on dope. Carriers that are welcoming Obamacrap are idiots who can't even read what is going on in the handful of states where GI is the rule.

 

[669comche]

Nothing is going to change. It doesn't matter who won the election.

All of these politicians are in it for themselves.

 

[jbage007]

There's nothing preventing carriers from going with their own enhanced underwriting systems.

Except for that nasty competition thing of course.

 

[somarco]

Carriers aren't smart enough to write business direct. If they were they would never have offered contracts to brokers.

Unless you have worked in a home office (and I have) you don't realize how stupid these people are. They subscribe to the Field of Dreams theory.

If they build it the customers will come.

Doesn't work that way.

Govt isn't any better. PCIP isn't a bad plan but the govt has no clue how to promote it. That's why it is failing, except in PA where the rates are among the lowest in the country.

 

[medx]

The mandate will be illegal unless the courts are on dope. Carriers that are welcoming Obamacrap are idiots who can't even read what is going on in the handful of states where GI is the rule.

I agree with this.

 

[ins.dave]

I'm with ya, but do you really think any carriers are "welcoming" Ocare, or are they just being political as far as how they present themselves to the ignorant public?

 

[bill3173]

everyone insured + gov't subsidies + cutting agents out = higher profits

I apologize for correcting you, but the equation should read this way:

everyone insured + gov't subsidies + cutting agents out = Zero profits

Anything other than trying to strike a compromise is "tilting at windmills".