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2016 Postmortem

In reply to the discussion: Fox News is at it, again. [View all]

Wait Wut

(8,492 posts)
4. This was an interesting article:
Tue Sep 24, 2013, 05:56 PM
Sep 2013
http://www.usatoday.com/story/money/business/2013/09/05/ky-probes-humana-letter-on-insurance-renewals/2774179/

There are no answers from the insurance companies. They're using scare tactics to get people to sign now at their current 'lower' rates or face an increase. Oddly enough, the increase doesn't go into effect for 12 months, but they need to reply before Oct. 1st...when the ACA goes into effect. There doesn't seem to be a legitimate reason for the 'drop dead' date.

If I was forced to guess their motives, I'd say the insurance companies are afraid that clients will leave once they realize they can get cheaper insurance on the exchange (or other options). Scaring the crap out of the clients will force them to sign up for something they may not need for a full 12 month policy.

If I had a family (and insurance) I'd tell them to shove it. There will be less expensive options short term and I'm confident even more options as people become more comfortable with the ACA.

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