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United Health, Aetna, Cigna, Opt Out Of CA O-Care

From an unfazed Los Angeles Times:

UnitedHealth, Aetna and Cigna opt out of California insurance exchange

By Chad Terhune | May 22, 2013

Some prominent health insurers, including industry giant UnitedHealth Group Inc., are not participating in California’s new state-run health insurance market, possibly limiting the number of choices for millions of consumers.

UnitedHealth, the nation’s largest private insurer, Aetna Inc. and Cigna Corp. are sitting out the first year of Covered California, the state’s insurance exchange and a key testing ground nationally for a massive coverage expansion under the federal healthcare law.

If we aren’t mistaken, United Health was a major supporter of Obama-Care.

Meanwhile, the biggest insurers in the state — Kaiser Permanente, Anthem Blue Cross and Blue Shield of California — are all expected to participate in the state-run market for individual health coverage

Until they work up the nerve to drop out.

[T]he threat of higher premiums in next year’s revamped market has been a major concern for policymakers who can’t risk alienating too many middle-income, healthier customers who are needed to offset the increased costs of covering sicker, poorer people who have been shut out of the healthcare system for years…

But we were told Obama-Care was going to drive premiums down.

A spokesman for Minnetonka, Minn.-based UnitedHealth said, "We are simply taking the time to carefully evaluate and better understand how the exchanges will work to ensure we are best prepared to participate meaningfully in their development." …

Joseph Mondy, a spokesman for Bloomfield, Conn.-based Cigna, said the company chose to participate in exchanges in only half of the 10 states where it sells individual health policies…

Aetna, the nation’s third-largest health insurer, based in Hartford, Conn., referred questions to Covered California…

And we were also told that Big Insurance loved Obama-Care.

This article was posted by Steve on Thursday, May 23rd, 2013. Comments are currently closed.

2 Responses to “United Health, Aetna, Cigna, Opt Out Of CA O-Care”

  1. bousquem25 says:

    Even Massachusetts has limited coverage through the exchange the state has. There are maybe 7 choices for the young adult option with about 3 or so of those being medicaid or a medicaid like plan that limits you alot is based on income. The rest charge alot for premiums for coverage that basically covers hospitals and a annual checkup with a large deductible and no prescription coverage. One insurance had it were in-network coverage was they cover 70% of costs after the deductible but out of network doctors, hospitals, ect were you pay 70% after the deductible. And they had the highest premium of about $250 a month and out of the 6 hospitals within about 40 minutes of me only one is in-network for them. Masshealth (medicaid pure) isn’t even being accepted for new patients by a number of primary care physicians let alone trying to find a specialist.

  2. GetBackJack says:

    I’m sure this heralds a new day in remarkably lowering the insurance cost of healthcare.

    (takes realty pill)

    “Holy Shinola, Batman … rats are fleeing the USS HOPE. What do we do?”

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