Sunday, November 24, 2013

Blue Cross Won't Reinstate Cancelled Alabama Policies---I Wonder Why?

Blue Cross has announced that it won't reinstate cancelled Alabama policies that don't comply with the Affordable Care Act.  According to a statement released by BC/BS, the reason is that it would "increase costs for customers and increase risk for the company."

Let's examine that statement.  It seems absurd to me.  All we have heard is that the ACA will increase costs and, as such, BC/BS jacks our premiums out the roof because of the unknowns of the ACA and because it will not allow for denials based on pre-existing conditions. HMMM.  So, let me get this straight---Blue Cross increase rates due to the ACA, but after the criticism overwhelms the administration and Obama gives insurance companies the right to extend coverage for another year, BC/BS balks?

This is about money.  Blue Cross owns this state.  If you think this is not about money, then you probably believe that college football is not a business but an academic endeavor.

Hang on, it is going to be a bumpy ride from here.