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Found 3 results

  1. https://www.bloomberg.com/news/articles/2018-05-07/obamacare-premiums-to-surge-next-year-early-rate-requests-show The repeal effort ultimately failed, but the Trump administration overturned the penalty for going without insurance, and opened the door for insurers to sell cheaper, skimpier plans. The rate requests must be approved by regulators and may change. Health plans will file requests in other states between now and late July. Final premiums will have to be approved ahead of the open-enrollment period beginning Nov. 1. Seeking a Fix In Maryland, CareFirst wants to raise rates by 91 percent on a plan covering 15,000 people, Insurance Commissioner Al Redmer Jr. said. If approved, premiums for a 40-year-old could reach $1,334 a month. “We have folks in Maryland that are struggling, that are trying to do the right thing, and they’re paying more for their health insurance than they are for their mortgage,” Redmer said on a call with reporters.
  2. Republican 'alternative' to Obamacare really no alternative at allGone would be the part of Obamacare that Americans tell pollsters they don’t like: the requirement that they enroll in some kind of health plan or pay a penalty that grows more severe every year. In addition, the GOP would get rid of the provision mandating that employers with more than 50 workers offer subsidized coverage. But the GOP would also eliminate the existing parts of the law protecting us from insurance company practices that used to keep millions of us in the ranks of the uninsured and underinsured—and just an illness or accident away from financial ruin. As always, though, the devil is in the details. The reality is that the GOP plan would take us back to the days when insurers could sell junk policies, charge older folks more than they can today and calculate premiums based on a person’s health status. This means that a breast cancer survivor or a diabetic or someone recovering from a heart attack—or even a young person born with a disability or congenital disease—would have to pay a fortune for decent coverage if, God forbid, they let their existing policy lapse for two months or longer. ------------------------------------------------------------------ So who is the GOP really working for? We, the People...? Or the Insurance Companies?