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‘Re-Instated’ Plans In NC Will Cost 24% More

From the Charlotte, North Carolina News Observer:

Blue Cross NC to raise rates up to 24 percent on reinstated health plans

By John Murawski | November 19, 2013

Blue Cross and Blue Shield of North Carolina said Tuesday that it will raise rates as much as 24 percent on 2013 individual health insurance plans that are being extended next year.

The increase is double the price inflation for the same health plans just a year ago, but many Blue Cross customers who have grumbled about rising costs in past years are cheering the news this time…

So even though their old plans are going to cost 24% more, they are relieved. Those must be some really terrible plans, huh?

The N.C. Department of Insurance will review the proposed rates and, if it determines they are too high, it could order Blue Cross to issue refunds to customers…

And people pretend we have a free market. In reality, the insurance business is already one of the most heavily regulated industry in the country. So how were ‘bad apple’ companies allowed to offer plans that Obama says were so sub-standard? (Hint: Obama lies.)

The extension applies only to Blue Cross customers on individual plans who were enrolled on or before Oct. 1. Those who signed up after will lose their plans at the end of this year.

However, legislation before Congress would allow all Americans to buy the 2013 plans, not just those who enrolled by the Oct. 1 deadline.

Dream on. That is the Republican ‘Upton Plan,’ which Obama and the Senate Democrats will never allow to become law. Besides, why would anyone want to buy these terrible plans when they could buy Obama-Care?

In recent months, Blue Cross had mailed out more than 151,000 plan cancellations, affecting more than 230,000 customers on those individual policies…

Bear that in mind. Each cancelled policy usually represents about two people. So when you hear 5.5 million policies have been cancelled, it means 10 million people.

The letters listed 2014 premiums under new individual plans that comply with the Affordable Care Act. Some customers saw rate decreases, but many were shaken by increases that doubled and tripled their costs.

Insurance Commissioner Wayne Goodwin has said that more than 473,000 people in North Carolina were affected by the cancellations of insurance plans that don’t meet the minimum standards of the new federal health law. So far only Blue Cross has agreed to extend those plans next year.

Kate Walker, for example, saw her monthly Blue Cross premium soar from $98 to $577 for a policy recommended as a replacement to her canceled plan. Walker, 64, said the increase was so steep she was planning to drop coverage altogether until she became eligible for Medicare in August…Walker is keeping her current plan, which will likely increase to about $115 a month. “That’s a no-brainer for me,” she said…

George Schwab of Charlotte is relieved to hear that Blue Cross will allow him to keep his 2013 health plan, even with a premium increase… Schwab had been outraged by the fivefold increase he was facing before Obama reversed course last week and allowed insurance companies to continue offering individual plans that don’t meet Affordable Care Act provisions.

In September, Schwab and his wife got a notice that Blue Cross was canceling their current $228-a-month policy and suggested a comparable plan for a whopping $1,208 a month.

Come on. Aren’t the free birth control and abortions and sex change operations, worth it?

This article was posted by Steve on Thursday, November 21st, 2013. Comments are currently closed.

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