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The Water Cooler
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Surprised No One's Talking About the Big Obamacare Rate Hike Requests???
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<blockquote data-quote="Hobbes" data-source="post: 2766712" data-attributes="member: 3371"><p>It's gonna be a mess.</p><p></p><p>It's my understanding that the large hikes requested in the OP are on the part of the insurance companies who took on more risk and as such they would be granted relief from the companies that took on less.</p><p>The actual rate hikes that the consumer sees would be much less, probably high single digits.</p><p></p><p>The obvious flaw in this is that every insurance company is incentivized to cook the books a bit and report larger losses, or smaller profits, than they really are in order to gain reimbursement.</p><p>Next comes the federal probes and indictments for health care fraud is my guess.</p></blockquote><p></p>
[QUOTE="Hobbes, post: 2766712, member: 3371"] It's gonna be a mess. It's my understanding that the large hikes requested in the OP are on the part of the insurance companies who took on more risk and as such they would be granted relief from the companies that took on less. The actual rate hikes that the consumer sees would be much less, probably high single digits. The obvious flaw in this is that every insurance company is incentivized to cook the books a bit and report larger losses, or smaller profits, than they really are in order to gain reimbursement. Next comes the federal probes and indictments for health care fraud is my guess. [/QUOTE]
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Surprised No One's Talking About the Big Obamacare Rate Hike Requests???
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