Cost are much higher than anticipated or something
(WRAL) Â North Carolina’s largest health insurer says higher-than-anticipated costs after two years of selling federally subsidized coverage has forced it to seek premium increases even greater than it thought would be necessary two months ago.
Blue Cross and Blue Shield of North Carolina said Thursday that it now seeks an average 34.6 percent higher premium for insurance sold under President Barack Obama’s health insurance overhaul law. The company said in June that it wanted to raise rates by an average of almost 26 percent starting in January, compared with this year’s allowed 13.5 percent increase.
Blue Cross vice president Patrick Getzen says the program has not met expectations that healthier customers would enroll in the second year and that costs would level out after people who avoided doctors for years got treatment.
“Based on our data, neither expectation is proving true. Our claims and expenses are higher than our premiums and we need to take steps now to protect the sustainability of plans for our customer over the long-term,” Getzen said.
Imagine that, costs are much higher. My goodness, if only someone could have anticipated this. Of course, this doesn’t even address the high deductibles, nor the limitations with doctors and medical facilities and such built into Ocare.
Hey, remember these quotes from Obama?
- “We agree on reforms that will finally reduce the costs of health care. Families will save on their premiums…†(1)
- “I will sign a universal health-care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family’s premium by up to $2,500 a year.†(2)
- “You’re going to be able to purchase high-quality health insurance for less than the cost of your cell phone bill.â€(3)
Those are just a portion of his lies about the Patient Protection and Affordable Care Act, in this case about cost. Calling it “affordable” starts it all.
