Largest N.J. insurer axes minimal health plans

So much for many in New Jersey keeping their current insurance plans.

Obama recently announced that people could, but decided to leave the 'decisions' up to states.

NJ Governor Chris Christie said the other day the decision will be left to the insurance companies.

So now Horizon Blue Cross Blue Shield of New Jersey apparently is cancelling low cost plans that don't meet the PPACA minimum standards.

This will most likely force higher rates and probably higher deductibles.

Ninety thousand New Jersey residents next year will lose their low-cost bare-bones health plans issued by the state’s largest insurer – forcing them to purchase new Obamacare policies, possibly with subsidies, or pay a fine.

The announcement by Horizon Blue Cross Blue Shield of New Jersey came just 90 minutes after Governor Christie said he would leave the decision about whether to renew all kinds of canceled health policies to the insurers, which President Obama said earlier this month they could do with state approval.

Calling the Affordable Care Act “a mess,” Christie said, “New Jersey has decided to let the free market dictate the way forward.”

Largest N.J. insurer axes minimal health plans

... Confusion Incorporated

So in the end, they left it up to the insurance companies, to force people to buy a higher priced plan, with the government's full backing.

Yep. Saw that one coming.

I wonder how many people are going to be forced into bankruptcy over the most ridiculous medical scam in the civilized world....

reply to post by xuenchen


The only man in America able to keep his plan. . . .

Wait, aren't you boys all for free markets?

Chris Tubby certainly is, he said he was going to let the free market decide... look what happens.

They find a way to make more $ at our expense... and you're mad at a politician rather than the corporation???

Derek

reply to post by Viesczy


*oh lord*

So Obamacare is the insurance companies fault now?

What, did blaming Bush get tiring?

Viesczy
Wait, aren't you boys all for free markets?

Chris Tubby certainly is, he said he was going to let the free market decide... look what happens.

They find a way to make more $ at our expense... and you're mad at a politician rather than the corporation???

Derek

The "Freemarket" concept does not apply.

Why ?

Because a law called PPACA dictates the insurance policy standards.

The "Politician" is in league with the "Corporations".

And with that we have "Corporatism".

beezzer
reply to post by Viesczy

 

*oh lord*

So Obamacare is the insurance companies fault now?

What, did blaming Bush get tiring?

I thought it was created for them to make more money by goverment sponsorship. I see this as a wishlist from corporate interest where they can get money from the taxpayer both thru tax money and increased cost of the citizen.

If US was really after a system without wasting money on corporations then they would choose a system like in Denmark, Norway or Germany.

reply to post by LittleByLittle


The insurance companies are going to go broke because only sick people with pre-existing conditions are signing up right now.

The healthy people who were supposed to be paying for it are not signing up.

Viesczy
Wait, aren't you boys all for free markets?

Chris Tubby certainly is, he said he was going to let the free market decide... look what happens.

They find a way to make more $ at our expense... and you're mad at a politician rather than the corporation???

Derek

Are you serious? This is not the free market. This is the "free market" post heavy regulation. Why should an insurance company choose to keep a plan that they are eventually going to be forced to cancel? Obama did not change the law he merely allowed a postponement. If Obama changed the law so that these cancelled plans were not on the chopping block they would have stayed.

beezzer
reply to post by LittleByLittle

 

The insurance companies are going to go broke because only sick people with pre-existing conditions are signing up right now.

The healthy people who were supposed to be paying for it are not signing up.

What will happen is those who have insurance will start paying a lot more, making it unaffordable to more and more people while the government collects billions in penalties.

reply to post by xuenchen


This all sounds like the insurance companies and the government in bed......like the farmers, the railroad ect.