Trying to suss out this whole Obamacare thing. So, the insurance companies are out there selling policies on the Exchanges aka Marketplaces. In most states, the rates are MUCH higher than before and the affordable policies are the Bronze Plans where the deductable and OOP expenses are HUGE. Because of this, no one buys a policy unless they are older, sick or have a pre-existing condition that needs attention. Now, a year or two into this, the insurance companies look at their bottom line and say What the hey? We are losing our shirts on this deal! What do they do? I dont think that the government is directly subsidizing the premiums to make them affordable... they will just be subsidizing the policyholders who pay the premiums. So, the premiums must be able to sustain the expenses. What is odd is that if you have a plan at work you CANNOT jump off and buy a policy from the Marketplace. That seems odd, doesnt it? If the government isnt directly subsidizing the insurance companies and the rates are higher in the Marketplace, why would they stop someone from opting in if they already have insurance? Something doesnt compute here. What am I missing? (BTW, the SHOP policies for small business in VA seems to be about double what I am paying for virtually the same coverage from Optima for my employees...)
Posted on: Mon, 21 Oct 2013 14:43:13 +0000
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