The latest POS from Forbes Magazine

[TexasTowelie]

My Wife's Losing Her Obamacare Coverage Because The Insurer Lost $400 Million

If you ask President Obama how Obamacare is going, he will say awesome, couldn’t be better. But how about asking 367,000 Texans who are having their health insurance coverage eliminated because the insurer lost $400 million on that group in 2014.

It’s not like the health insurer, Blue Cross Blue Shield of Texas, wasn’t charging enough—at least from the insureds’ standpoint.

Last fall, the company informed us, along with thousands of other Texans, that it would be canceling my wife’s individual policy—i.e., a policy she buys personally.

So we began looking over the options. While her 2014 premiums weren’t cheap, they didn’t seem unreasonable for a policy with a $2,500 deductible. We were generally very happy with her coverage, but we were told that policy would end Dec. 31, 2014, and she needed to enroll in an Obamacare-qualified plan.

Read more: http://www.forbes.com/sites/merrillmatthews/2015/08/03/my-wifes-losing-her-obamacare-coverage-because-the-insurer-lost-400-million/

[font color=330099]Of course the article forgets to mention facts such as the higher reimbursement rate that the preferred provider network receive compared to the providers in the ACA network or that the range of services being covered is more extensive than those offered under the previous policies. I'm certain that there are other reasons why the old plan may not be as profitable as an ACA plan so please weigh in with your comments.[/font]

[Cleita]

1. This is where the public option to buy into Medicare would have been

helpful. No thanks to Joe Lieberman.

[TexasBushwhacker]

2. As always, they never mention the details

What kind of insurance plan did she have before? What things did her new, QUALIFIED health plan through Obamacare cover that her old one didn't?

Nevertheless, there's nothing that says that she MUST stay with BS/BS. In fact, they were singing the blues in California and saying they were going to have to hike premiums dramatically, but since they're sitting on Billions in the bank, they've lost their "not for profit" and tax exempt status.