Thursday, August 08, 2019

Sighted: Flying Pigs

Here's something you don't see every day:

"Blue Cross wants to lower rates for Obamacare policies"

The Tar Heel State's largest health insurer claims to have "figured out how to make money after six years of selling subsidized policies under the Affordable Care Act," and want to pass along some of those savings to its insureds.

Now how did they accomplish this feat?

Well, by switching from an 'ala carte' claims model to a bundled one, where instead of multiple claims from various providers (hospitals, radiologists, surgeons, etc) they pay one "global" claim.


Oh, the kicker?

They have to petition the bureauweenies in Raleigh for permission to lower those rates.


[Hat Tip: FoIB Jeff M]
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