Who is out 2015? Who is in? We could find ourselves with BCBS and Co-ops only to sell, if they pay.
Insurers wary of Obamacare unknowns as they plan for 2015 | Reuters
Insurers wary of Obamacare unknowns as they plan for 2015 | Reuters
Warriors......whose Gonna Play..yay?
- Thread starter Yagents
- Start date
- 8,448
From the article...
"In January, Aetna Chief Executive Officer Mark Bertolini suggested that the company's participation in 2015 could depend on whether the administration would allow it to raise rates enough to cover expenses."
Aetna is the most expensive of the 5 carriers in the northeast Illinois marketplace, and they have no advantage over BCBS, Humana, Land of Lincoln, or Coventry in benefits or medical network. But they want to raise rates, because they're losing money? Sounds more like a government mindset than a corporate mindset. We know how that will work out for them.
As I've mentioned in another thread, IL is giving carriers only until March 31st opt out of the state's marketplace. Don't know how it can be enforced though. Can't a carrier pull out of a state whenever it wants to, as long as it gives suitable advance notice to customers?
ac
"In January, Aetna Chief Executive Officer Mark Bertolini suggested that the company's participation in 2015 could depend on whether the administration would allow it to raise rates enough to cover expenses."
Aetna is the most expensive of the 5 carriers in the northeast Illinois marketplace, and they have no advantage over BCBS, Humana, Land of Lincoln, or Coventry in benefits or medical network. But they want to raise rates, because they're losing money? Sounds more like a government mindset than a corporate mindset. We know how that will work out for them.
As I've mentioned in another thread, IL is giving carriers only until March 31st opt out of the state's marketplace. Don't know how it can be enforced though. Can't a carrier pull out of a state whenever it wants to, as long as it gives suitable advance notice to customers?
ac
I interpret that to mean they can still sell off exchange if they want.
I maintain we will see 2 - 3 major players in 2015 plus a few regionals like KP. I doubt Aetna, Cigna and Assurant will return in 2015, on or off the exchange. If Aetna bows out that means Coventry goes as well.
- Thread starter
- #5
You need SEP reason for all on and off exchange business. It is not year round enrollment for off exchange. (unless you're selling in nevada)
- 558
In NV, outside the enrollment period, you will have a 90 day waiting period. Yay, for year round business! I'll take it!
- 3,384
April - Oct. 2015 OEP doesn't start until 11/15 next round. It's delayed.
YAgents, I'm going to "lead them to the sand" then turn them over to the Riffs.
By next OEP you will likely find me here..............and in the brick and mortar version hopefully opening late summer early fall.
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Maybe you were reading more of the "insurance goddess' blog"...
