I just heard that they plan to raise member premiums to offset their losses.......................................................................................................................................................................................................................
5 replies (most recent on top)
@at wow, sounds like you are doing just what you accused the person responding to your comment of doing. I don't think there is a single person, with the rare exception, who rejoices in the idea of anyone losing their means of supporting themselves. I think they were just trying to say that constantly justifying behavior, because it happens all the time, doesn't help fix the problem and doesn't exclude anyone from being the one who may end up suffering from it.
@at I don’t think that’s entirely accurate. Molina, UHG, Elevance have adjusted their guidance downward. I think only Centene completely pulled it. That’s a huge difference. Just ask the bond market. It is a bit of a head scratcher as to how all of them didn’t see the effects of the election coming.
@af I am not justifying the behavior of anyone. Unfortunately, the estimates that were completed did not accurately reflect the costs that would be associated with individuals using the product. But, this is not something that is isolated to Centene. Molina and United Health Care have also pulled their previous guidance.
There are tons of people who are going to lose their jobs and insurance. I am in no way trying to bolster myself but, answered a question. You presume alot from that response concerning my personal concerns related to RIFs. But, an assumption that can easily be made from your response is that you are a bitter individual who thrills in informing others of how likely they are to lose their livelihoods.
@a1 Interesting the lengths a person will go to to justify others' poor decision making when it isn't affecting them directly.....until of course they are on the receiving end of those poor - in this case BAD - decisions and have to deal with the consequences of those choices made by others. I will try to be fair and say maybe it's your way of coping with the unknown, or maybe, you think if you don't call out the obvious, you somehow will avoid the inevitable upcoming RIFs? You think because premiums go up every year during enrollment that this additional sh---y attempt at recouping losses is A-Okay and "it's just business, it happens all the time - everyone is doing it" and that it isn't going to affect you? Man, I feel sorry for you. They will lose ten times more members than they already have just with normal yearly drop off and that is not including the members they lost due to recert & COVID, and that, my friend, is a 1 way ticket to absolutely 100 percent guaranteed layoffs. And do you think when that happens they are going to shave it off of their salaries so you can keep your job?? LMAO oh good lord
Every health insurance company will be raising premiums. Traditionally, premiums and rates are raised annually. Every insurance company will be asking for increased rates since, we are not the only company encountering this problem. It is happening across the industry. The subsidies that exist for MP are set to expire at the end of 2025. The expiration of the subsidies and increased rates are expected to leave many uninsured.