Wednesday, June 30, 2010

Playing the health care reform game in Massachusetts

Individuals are gaming the the Massachusetts prototype of Obamacare's health care "reform."


"Some Massachusetts consumers seem to be buying the health insurance they are required to carry when – and only when – they have health problems.

...The Massachusetts Division of Insurance decided to commission a study of the individual health market in the summer of 2009, when health carriers told the division they were seeing spikes in utilization among newly enrolled individual plan members.

'The health carriers indicated that more individuals were terminating coverage after having expensive medical procedures,' Welch and Giesa say.

...The percentage of individuals terminating coverage within their first year increased to 24% in 2008, from 14% in 2006.

One-year lapse rates increased dramatically both for low-cost individuals and high-cost individuals, with the number growing 223% between 2006 and 2008, to about 2,141, for high-cost individual subscribes, and more than 400%, to 24,000, for the low-cost subscribers."

Imagine that!

No, there's no gaping holes in the abomination known as Obamacare/Health Care "Reform", is there?

We have yet to see the extent of the horrors from the coming disaster they've inflicted upon us.

No comments:

Post a Comment