Wednesday, November 20, 2013

One step forward, one step back [UPDATED]

For a certain value of "forward," of course:

Thanks to FoIB Jeff M, we learn that the Tar Heel State Blues are willing to extend an olive branch to current policyholders:

"Blue Cross and Blue Shield of North Carolina (BCBSNC) has fiIed the necessary documents with the North Carolina Department of Insurance (NCDOI) to allow most of its non-grandfathered individual customers to keep their current health plans for another year."

After all, what could possibly go wrong?

UPDATE: That extension comes with a price, however:

"Blue Cross and Blue Shield of North Carolina said Tuesday that it will raise rates as much as 24 percent on 2013 individual health insurance plans that are being extended next year"

Still, that's probably a much better deal than they'd get with an Exchange policy.

Meanwhile, Minnesota Governor Mark Dayton has ruled out such a move for residents of the North Star State:

"Dayton's decision not to grant the one-year extension on existing plans followed harsh criticism of the proposal by major Minnesota insurance companies."

So what do they know that the Carolina Blues don't?
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