HR 4691 Passed Today

[Crabcake Johnny]

Micro owners is a more accurate word. My market is business owners who don't have group in place - typically zero to 3 employees.

Also, I'm only interested in selling HSAs and my patience for copay junkies who also want a low deductible is near zero.

 

[Dave020]

How will it kill the ifp market in Ca?

Because no one in CA is buying IFP right now. Subsidy reduces COBRA/Cal-COBRA premiums to the same level as IFP coverage so nearly 100% are electing COBRA/Cal-COBRA in lieu of buying IFP, at least for 15 months.

In addition, since new enrollments are virtually non-existant, rate increases are driving healthy people off of the plans in record numbers out here leaving only those who are sick.

If you listen to what Angela Braly said in DC you get the idea. Also if you read this blog below, scroll down 1/2 of the way and read the bolded paragraph....

California Health Insurance Blog - by David Fluker: Part Deux: Is The California Individual & Family Health Insurance Market In Critical Condition?

If that carrier pulls that trigger, it will essentially kill the market.

 

[HealthGuy]

Dave: Sorry man what is IFP? All these acronyms kill me.

 

[moonlightandmargaritas]

IFP = Individual/Family Plan.

 

[HealthGuy]

Thanks Moon man.

 

[Josh]

Also, I'm only interested in selling HSAs and my patience for copay junkies who also want a low deductible is near zero.

Ditto that.

 

[ABC]

Another 30 days of losses for the carriers.

It has created a huge loss and has had a major impact on rate increases.