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  1. Charlotte
    January 29, 2016 at 9:39 am #

    This is interesting (and only the beginning)

    This is only one insurer. There must be fractures in the entire industry.

    To quote from the article: “Robert Gootee, chief executive officer of Moda, Inc., the parent company of Moda Health, said in a brief statement Thursday that “bringing tens of thousands of people into the ACA marketplace, many of them with acute healthcare needs, has been a difficult process to manage.”

    I have to wonder how many actual “acute” enrollees there are, and how much of this is yet another bubble in a poorly managed institution (that was required to be part of ACA).

    Also of note: “Alaskans on the individual market have already seen huge increases in their health insurance rates over the past two years. Premera’s rate increases averaged 37.2 percent in 2015 and 38.7 percent in 2016, while Moda’s increases were 27.4 percent and 39 percent, Hladick said in his letter to legislators.”

    Gutting federal risk corridor payments accelerated the demise of Moda. One has to ask, what other companies are on the brink? No one, on either side of the aisle understood the consequences of ACA and subsequent revisions. Once again the American consumer is footing the bill.

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