Bullshit.
Originally Posted by CuteOldGuy
Prior to the ACA being passed, BCBS of Tenn would not sell a health insurance policy to someone who was already sick. They are now. Fact Jack. Medical history can't be used to deny someone a health insurance policy, in the past it could. Your alzheimers is getting so bad, you don't know what you talking about.
From the link on increasing health insurance rates.
Obviously, not even an evil insurance company can stay in business if it consistently loses large amounts of money. Earlier this month, Assurant Health announced that losses related to Obamacare are causing it to close its doors. Western Journalism reports, “The company and industry watchers blamed its losses directly on the impact of Obamacare.… Assurant lost $63.7 million in 2014. The insurer raised its rates by 20 percent in 2015, in hopes of returning to profitability, but lost between $80 to $90 million during the first quarter of this year.” The company has been in business for 123 years and provides coverage for 1 million people.
Assurant is based in Wisconsin, but insurers all across the country are attempting to survive the same perverse incentives that finally undid that venerable company. The Journal lists proposed increases by companies offering plans through exchanges in Connecticut, Indiana, Maryland, Michigan, New Mexico, Oregon, Tennessee, Vermont, Virginia, and Washington state. And many of these companies are already losing huge amounts of money: “
BlueCross BlueShield of Tennessee… lost $141 million from exchange-sold plans,
stemming largely from a
small number of sick enrollees.” It is asking for a 36.3 percent rate increase.
http://www.eccie.net/showthread.php?t=1394088