More on Walker attempt to protect excessive health insurance corporate profits at expense of consume

[seacaves]

CitizenActionWI More on Walker attempt to protect excessive health insurance corporate profits at expense of consumers. Will cost... http://t.co/e5N1CDdm

http://www.jsonline.com/business/health-insurer-rebate-exemptions-would-cost-consumers-133046503.html


Health insurer rebate exemptions would cost consumers
Wisconsin seeks to exempt firms from having to spend 80% of premiums
By Guy Boulton of the Journal Sentinel

Nov. 1, 2011

The request by the state's insurance commissioner to exempt health insurers from having to spend 80% of premiums on medical care could cost consumers an estimated $14 million over three years.

That works out to a savings of 1% or less of what consumers who buy their own insurance would spend in that time period.

Insurance Commissioner Ted Nickel last week asked the federal government to exempt health insurers who sold insurance to individuals and families from the new federal regulation, contending that it could force companies to exit the market.

The regulation, part of federal health care reform, requires health insurers to spend 80 cents of every dollar in premiums on medical care or pay rebates to consumers. Some 180,000 people in Wisconsin buy insurance on their own...............................

[Kolesar]

1. "contending that it could force companies to exit the market"

'Pukes can always come up for a rationalization for their anti-people agenda. Their favorite method is the "unsourced quote". Who said that? Where's the data??