Health insurance takeover alert: Insurers selling different products
The Denver Business Journal reports that last year’s health control bill has “sped up the pace” of Colorado health insurers’ offering products other than medical insurance. You might think the proponents of “reform” want a government takeover of the health insurance business.
Dangers of mandating medical loss ratios
John R. Graham of the Pacific Research Institute discusses the harms of the medical loss ratios mandated in ObamaCare (HR 3590): One of the ways in which ObamaCare will reduce individuals’ and businesses’ choices of health insurance is through regulating the Medical Loss Ratio (MLR), a relatively simple concept: Take the amount of dollars an […]
CO insurers stop selling child-only policies – blame health control bill
The Denver Business Journal reports: At least five Colorado insurers will stop selling new individual health insurance policies for children by Oct. 1 because of soon-to-be-enacted federal mandates [from HR 3590 – BTS] requiring them to cover all applicants under age 19, including those with pre-existing medical conditions. …this action by several major companies, including […]
Mandated medical loss ratios promote bad customer service
Arnold Kling points out how mandating a minimum medical loss ratio promotes poor customer service. Quoting Uwe Reinhart: The recently passed Affordable Care Act requires heath insurance issuers to use at least some minimum fraction of revenue from the premiums it receives on medical services. Kling writes: A big cost component for health insurance companies […]
HSA health insurer shuts down because of ObamaCare
In response to the health control legislation, HR 3590, a small health insurance companies that focused on selling high-deductible policies is closing its doors. So reports Richmond BizSense (emphasis added)
The hotly debated healthcare reform bill signed into law in March has killed a local insurance company.
At least that’s according to a brief letter Richmond-based […]
