The big headline in August was that Aetna would not be expanding their Obamacare individual and family plans in 2017. The smaller headline from a week earlier was that Aetna was seeking approval to become a Medi-Cal manage care health insurance provider in California. Just like other health insurance companies have found, welfare pays better than work when it comes to health insurance.
California Department of Insurance Commission Dave Jones excoriated Aetna in a news release on December 18th over Aetna’s planned small group premium increases but he was noticeably silent when Health Net submitted a similar rate increase for individuals and families. The average increase for the 2015 Health Net IFP PPO plans is 10.8% while the Aetna small group […]
HackerCare is not health insurance. HackerCare is a membership based association that offers group insurance through a carrier named Starmark. If you want to purchase the Starmark group health insurance, you have to join HackerCare. No one should ever be forced to join a fee based membership organization in order to purchase health insurance.
Aetna hinted in their announcement that a combination of the new health insurance exchange and required benefits forced them to pull the plug on their individual plans. In recent years, Aetna has never been very competitive in terms of price with other carriers such as Anthem Blue Cross, Health Net and Blue Shield of California
Medicare Supplement rate comparison for Sacramento and southern Placer counties, @ age 65 and/or Part B enrollment, guarantee issue.
Significant in Aetna’s press about their purchase of Coventry is their statement, “Coventry will increase our presence in Government business.” Medicaid will mean big dollars to insurance companies under the ACA.
The poorly designed advertisement is little more than a campaign endorsement for Dan Lungren who is running for re-election the 3rd congressional district in California. At the same time it attempts to scare seniors with statements that are pure fiction.
This announcement was nothing less than a convenient argument in support of the ACA being struck down by the Supreme Court. Health insurance companies would never have instituted these benefits without the force of law.
As if to point a finger at the American consumer Aetna mentioned, “And at least a third of the American population is obese, a condition that drives up health spending.”