In the latest preview of prices for health coverage under the Affordable Care Act, Maryland’s dominant insurer says proposed premiums for new policies for individuals will rise by 25 percent on average next year.
That’s lower than what some had predicted. Just three weeks ago, the insurer, CareFirst BlueCross BlueShield, had been looking at a proposed 50 percent increase. But the company revised that initial estimate, citing worries about affordability for consumers.
“Not only were we concerned about a potential hit to subscribers, but we were also concerned about price levels that were unattractive” to young customers seen as an important stabilizing force for the market, CareFirst CEO Chet Burrell said in an interview Wednesday.
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2 comments:
OK...so you buy a plan and even if the State helps you with the premiums how many are going to be able to cover the $2700.00 deductible? Thats probably for each person on the plan too so for a family of four you are looking at over 10 grand in deductibles each year...who can afford that?? And how long can CareFirst exist when they are losing money? I can see how this ends...government run health care. Its what the majority wants I guess...live or die with it.
Burrell said, “we’re not expecting to make money. We’re expecting to lose money. If we’re going to lose it we’re going to lose it on behalf of subscribers and the community.”
AWWWWW, that's so loving and sweet of you! So, that means you're hiking rates to the point of where you start losing subscribers, and then, after we pay the higher rates and wind up needing a major medical treatment, you will have driven your company into bankruptcy and leave us holding the bag for our medical bills you couldn't cover!
How nice of you!
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