Home » Insurance » Look out below! [UPDATED]

Look out below! [UPDATED]

April 22nd, 2014 Insurance
Such a success:

[A]n intriguing analysis of Covered California’s state-run exchange found that up to half the 1.2 million new enrollees might actually drop their coverage.”

To be fair, some of these folks will find new jobs with employer-sponsored insurance plans. On the other hand, a lot will find themselves now eligible for (taxpayer funded) Medicaid coverage. And some will take a look at their high premium, high expense, low benefit plan and decide to chuck it.

Sounds like a plan.

UPDATED: Perchance there’s an even simpler explanation:

California Obamacare customers are expressing outrage after finding out that nearly 1,000 California doctors were listed on the Covered California website as accepting Obamacare plans when in fact they do not

As we’ve mentioned numerous times, “narrow networks” are one of the more insidious ways in which the ObamaTax tries to rein in costs. This is, in fact, a fairly obvious method of rationing health care: “sure, here’s an insurance plan that guarantees your insurability, but good look using it to actually access, you know, care.”

>>Insurance Books (Completed)


Tags » , ,

Related Post to Look out below! [UPDATED]

It’s a Green Thing

January 24, 2014
What with all the winter white covering the ground, it’s easy to forget that there’s green underneath, as well. FoIB Bob Graboyes, senior research fellow at the Mercatus Center at George Mason University, has...

Who’da thunk it?

May 4, 2015
As Bob reported a week or so ago, the Golden State’s health excahnge is fast approaching room temp. But they’re not alone: “Nearly half of the 17 insurance marketplaces set up by the states...

Training Day – Epilogue

October 28, 2015
So, the other day I finished up my 2016 Federal Marketplace (Exchange) training. As I noted previously, this is mostly a re-hash of previous years, but there was one significant change that I took...

Insurance working properly, Wellmark-style

August 31, 2016
They say that “the exception proves the rule,” and I think that FoIB Allison Bell has found the exemplar: “Wellmark Blue Cross Blue Shield of Iowa says it spent $ 18 million on medical...

Of COURSE your sensitive, PRIVATE health info is safe….

July 8, 2013
And speaking of the soon-to-be-online (maybe) Data Hub, isn’t it nice to know that all your info is totally secure? Totally: “The IRS Mistakenly Exposed Thousands of Social Security Numbers The incident involves the...

Cavalcade of Risk #194: Call for submissions

October 11, 2013
Claire Wilkinson hosts next week’s Cav. Entries are due by Monday (the 14th). To submit your risk-related post, just click here to email it. You’ll need to provide: ■ Your post’s url and title■...