How long will it be before carriers no longer offer non-underwritten medical?

Sep 3, 2018

  1. junkman
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    junkman Guru

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    State:
    Tennessee
    TN has 3 carriers offering ACA compliant, non-underwritten medical coverage. Premiums are through the roof and there are lots of self-funded offers being proliferated in the small group medical arena. The self-funded plans are of course subject to underwriting, have no guaranteed renewal, have the employer step into the position of insurer and shift ultimate liability to the employer. The healthy are rapidly bailing. We've been down this road and rates will continue to increase even with lesser benefits.

    How long do you expect until GI is NLA? Why?
     
    junkman, Sep 3, 2018
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  2. ebayn001
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    ebayn001 New Member

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    In Florida we are moving many small groups to Level Funding. If a group is not healthy enough for Level Funding the fully insured rates are astronomical. HSA rates are now in the $600-$700 range.

    The insurance industry continues on their death march. We will have single payer within 5-10 years.
     
  3. somarco
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    somarco That Medicare Guy

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    We effectively have it in most states a4lready. My guess is BX has close to 90% of the Obamacare business in virtually every state.

    Carriers are dropping out like flies.

    I think we are down to 3 carriers in Georgia.

    In several states BX has withdrawn from the metro areas, only offering in the rural areas where they can set their own rules and rates.

    Before 2014 we had close to 20 carriers writing U65 health insurance.

    Now we have BX, KP, Ambetter and maybe one other. Discount the HMO and you have only 2 carriers making it.

    The 800 pound gorilla is laughing because they make the rules. They control the game now.

    Ambetter and other Medicaid carriers also make their own rules. Very small networks. Exaggerated managed care. Very low reimbursement.

    Works like a charm for the carriers.

    It's the policyholders who are getting screwed.

    Some people had to pass the bill to know what was in it.

    What a sick joke.

    Obamacare was a gift to BX and Medicaid carriers.
     
    somarco, Sep 4, 2018
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