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| Economy |
| Aetna pulls out of Maryland's individual insurance exchange |
| 2013-08-03 |
| [TRUST.ORG] Aetna Inc has withdrawn its applications to sell insurance plans on Maryland's individual health exchange after it was asked to lower its rates by up to 29 percent, according to the state's department of insurance. In an Aug. 1 letter sent to the Department of Insurance, Aetna said the required rate modifications cut premiums too low on both its Aetna and Coventry products. Aetna closed on the acquisition of Coventry Health Care this spring. "Unfortunately, we believe the modifications to the rates filed by Aetna and Coventry would not allow us to collect enough premiums to cover the cost of the plans, including the medical network and service expectations of our customers," Aetna said in a letter to insurance commissioner Therese Goldsmith. |
| Posted by:Fred |
| #1 This is part of the plan - the greedy insurance companies backed Obamacare because it required citizens to buy thier product. But the government's ultimate goal is to force down the rates to where private insurance becomes untenable, at which time they impose their end-goal: single payer socialized medicine across the board. Just like Walmart backing the Obamacare, then setting up their employees to where Walmart can dump them on the government "exchanges" instead of offering decent insurance, cutting them to below 30 hours to avoid the fines. SO Walmart keeps its profits, but we pay for their employees health care. And Walmart isn't the only one, just one of the bigger named backers of Obamacare that is using it to reduces employee costs. Same goes for the "new jobs" under Obama that have been mainly part-time positions (only 100K out of 700K in last report were full time) in order to avoid the requirement to provide healthcare. When will the press be honest and publicize the WHOLE truth about Obamacare and its actual effects? Our supposedly free press has become a propaganda organ for collectivists, and deserves the same fate as Goebbels and others who lied and obfuscated - the leaders and editors deserve imprisonment and in many cases, execution. |
| Posted by: OldSpook 2013-08-03 16:47 |