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24% in most states HHHHAAAA! I knew it. Thats why even though they are usually the cheapest I try and steer clear of Mutual of Omaha. I would hate to get a phone call 3 yrs from now from a customer that now has an un insurable condition that is now stuck on this plan with 24% premium increases. Do some research and stop selling only on price. Initial price is important but its not the only factor especially with increases like this. We need to stop selling whatever flavor of the year med supp is the cheapest for that year just because it's the cheapest, we all know its only temporary. Companies like Woodman of the world/Assured life, or United Commercial travelers, etc... need to be reinsured just to get into the med sup market. Too many companies rely on low initial rates to gain market share knowing all to well that those low rates don't cover the actuall cost of insuring that block of business. It's predatory and it's not right. If your in arizona and you put any number of people on a united world MOO med sup plan you better hope you can go back and save those people because they are in for a world of hurt as that now isolated risk pool begins to shrink and become more expensive.
PPPHHHEeeww, thanks for listening... I needed to vent.
PPPHHHEeeww, thanks for listening... I needed to vent.