Moda is withdrawing from the Oregon insurance market

The ACA was Bob Dole's response to Hillarycare. It was written by the heritage foundation and first passed by a Republican governor.

 

UHC are raising rates because they're assholes not because of Obamacare. Rates have been raising due to inflation for decades. If you don't like their rates now fire them and shop for a new plan. It's literally that easy now (thanks Obama).

 

George Washington passed that very law in 1792.

#knowyourhistory
#beentheredonethat

 

Obviously I don't know my history and unlike you, I wasn't there to have "beentheredonethat".

 

Our country has been there done that. Lol.

 

Don't believe this time travelers lies!

 

I for one welcome the McMenamins Madhouse

 

In with the ACA out with the term preexisting condition.

This is a fun game!

 

The ACA did it though. At a time when Republicans wanted nothing. No changes whatsoever. You'll never be be able to change that.

 

Of course it did. The ACA was based upon the notion that requiring young, healthy Americans to buy insurance would make it possible to provide coverage to older, less healthy folks and people with pre-existing conditions at an affordable rate. Young people are simply opting not to do so in numbers that would make it feasible for the plan to work. They'd rather pay the fine than the premiums. Additionally, the ACA had built into it "risk corridor payments" where companies that assumed an unprofitable share of risk due to taking in more older and less healthy clients were supposed to receive payments from companies that were profitable. In 2014, there were very few companies in that situation due to higher costs and less premiums from healthy people. As a result, instead of $90 million coming to Moda from that program, they received only $11 million. In short, the ACA was built as a house of cards and the ones at the base aren't holding up the structure. It's going to come crashing down unless Congress does something to shore it up. That something will no doubt be very expensive and very unpopular.

 

Well that completes the cycle. My wife and I have been trying to sort out with Moda our insurance for 2016. It ain't working.
Now I see why. Shit, now we have none.

 

You crack up easily.

Like most ninnies, I didn't know much of anything until the Titanic hit the iceberg. I've been doing a lot of reading since then. I stuck with Moda because they were one of the few that would actually let me keep my doctor of 35 years. Dumb decision. Now Moda's going under and I just got word that my doctor is having to retire due to medical issues. Oh, the irony.

 

I called the State Department of Consumer and Business Services today to find out what's happening to those of us with existing Moda plans. They said that we're still covered and that the State would be paying any claims until this is sorted out. We may end up having our plan sold or given by Moda to another company or we may have to go back into the exchange and pick a new plan. It's up in the air for now.

 

Thanks for the heads up.

 

The Barfo Center - for kids who can't play good, and want to learn to do other things good too.

 

This is a fascinating discussion especially given that I'm in the Financial industry and help provide group benefits for individuals, small groups, closely held companies etc. If someone or someone you know needs questions asked, I'm happy to help. There are a lot of hoops to jump through at times and a lot of information and mis-information out there.

Don't get me started with the political aspect of it all...