Friday, June 05, 2015

The Final Solution

Health insurance carriers are tallying the results from their first full year as purveyors of Obamacare and it isn't pretty. Losses are in the tens of millions of dollars and no relief in sight.

Carriers have filed preliminary rates for 2016. Increases are in the 20 - 50% range.

Not pretty.

But have no fear. HHS Secretary Burwell has a solution to avert the losses.

Lower premiums and make up the losses on volume.
Secretary of Health and Human Services Sylvia Mathews Burwell argued Thursday that premium hikes floated by health insurance companies this week will likely end up being lower once they are finalized. - The Hill
Either Ms Burwell is looney or she thinks we are.
blog comments powered by Disqus