Obamacare Medical Loss Ratio Saved $1.5 Billion in 2011: Report

December 5, 2012

  • December 5, 2012 at 1:19 pm
    youngin' says:
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    Here it comes . . . wait for it . . .

    • December 6, 2012 at 2:20 pm
      D says:
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      Funny:)

  • December 5, 2012 at 3:41 pm
    George Taylor says:
    Hot debate. What do you think?
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    Very surprising to see an insurance paper putting out favorable information on Obamacare when eventually when enacted will cost the American citizens who work for a living and arm and a leg. Also the author of this article should tell us how many jobs Obamacare has already cost the people of the USA. I would also remind those in the insurance business who favor this administration and HR-3200 in particular – socialized health care is only the beginning – certainly you do not think this will be the only coverage the federal government will want – look out auto; home; workers’ compensation; property coverages – and the list will go on. Remember this when you too also loose your job -or perhaps you wish to become a government employee!

    • December 6, 2012 at 1:34 pm
      caffiend says:
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      Just FYI and quoting from the article that IJ reprinted with permission…

      “The Commonwealth Fund is a private foundation that advocates for health care system reforms.”

      Source of the article: The Commonwealth Fund

      I’d take a closer look at the source and see where their interest lies.

      On the OTOH I enjoy the conspiracy theory.

  • December 6, 2012 at 8:24 am
    youngin' says:
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    Very surprising that an insurance professional does not know what it means for an industry to be “socialized”.

  • December 6, 2012 at 1:21 pm
    Gus says:
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    It will cost the working people money whether the plan works or not.

    • December 6, 2012 at 2:29 pm
      Agent says:
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      The unending rate increases in healthcare premiums continue unabated and someone wants to trumpet that companies are rebating due to MLR. From reports I have seen, the average rebate is about $127 to a family. Oops! They are paying $2,000 more in premiums. I am sure this is a big consolation.

      • December 10, 2012 at 11:41 am
        Always Amazed says:
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        I only used my health incurance last year for my yearly phycial and was told via a letter from Humama that I did not qualify for a refund. Rebate my a**.

  • December 6, 2012 at 1:48 pm
    PM says:
    Hot debate. What do you think?
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    It is not surprising that the Commonwealth Fund: “…a private foundation that advocates for health care system reforms” would present what a great job BO Care is doing for the people.

    More interesting is that they included that companies write business in all three markets and (my words) have to rob from Peter to pay Paul to meet these requirements.

    Most interesting is that my, and everyone else I know, premuims have doubled in the past 3 years while my coverage dropped dramatically. Meaning that if the story was fully investigated, they may have found that meeting guidelines includes raising premiums and deductibles while lowering coverage.

    Oh yeah its not supposed to do that. This was implemented by the US government, why is it not working?!

  • December 6, 2012 at 2:00 pm
    ralph says:
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    nothing to see here, folks…move along. Please don’t turn this into another 300-post rant between our favorite libs and cons!

  • December 6, 2012 at 2:02 pm
    Baxtor says:
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    LOL. Okay, since this article can tell “their” side of the story, I’ll tell mine. I didn’t save a dime this last year from OC. If anything it has cost me more. Not only did my premium go up, but all the tests that were done for me during my physical no longer qualify under OC. So guess what, my 100% covered physical now falls under a regular visit subject to my deductible and coinsurance. So I paid more on the front end (Premium) and the back end (tests I had to pay out of pocket that are no longer covered under physicals due to OC).

    • December 6, 2012 at 2:20 pm
      D says:
      Hot debate. What do you think?
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      Well…it’s all about you then. Sounds like your helth plan needs work. Most of the provisions from the ACA have not even kicked in yet. None of what you just reported happened to me and I have to pay a minimum of 4 visits per year to the Doc to deal with a medical condition.

  • December 6, 2012 at 2:37 pm
    Libby says:
    Hot debate. What do you think?
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    It’s always “all about you!” LOL.

    I agree D. How can all these people have been “affected” by Obamacare when it hasn’t even started yet?

    • December 6, 2012 at 3:54 pm
      PM says:
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      Libby, the sad part is many, like you today (I agreed with one of your comments the other day. SHOCKING!) don’t realize what is happening to you today or its impact in the future.

      I would love for us all to have cadillac insurance with fantastic coverages at a low cost. Unfortunately it does cost, and if not you and me then the company, whose profit margin is tight already. If not the company, then the US govt. and they don’t have a profit margin. Actually they have a deficit margin that without BO care is $1.6 tril. Those annual deficits are not sustainable. Eventually our country will pay the cost of our governments deeds. I’ve seen the devastation caused by hyper-inflation. Its coming in our future unless we fix our problems. BO care is not a plan that fits into a solvent future for this country.

      At this point, its not about cons or dems, its about what is best for this country. But first, we have to decide what the issues are. Some have the belief that we have no issues that are higher priority than social issues with national healthcare at the forefront. I am not there, I believe we’ve moved backwards in the last 4, 8, 12 years and priority is the ability of the country to be solvent and grow. It is not govt’s responsibility to “heal” our sick, its ours!

      • December 6, 2012 at 5:07 pm
        Agent says:
        Hot debate. What do you think?
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        PM, Thank you for your well thought out post. We have had several years of no growth in jobs, huge growth in government spending and the prospect of even larger deficits, more taxes and more negative job creation. The liberals think the private sector is doing “fine” when every indication is a contraction of the job market. We are creating more tax takers than tax payers. There is a predictable result with this insane policy. Perhaps we should invest in tar, feathers, rails, torches and pitchforks.

  • December 6, 2012 at 2:51 pm
    Libby says:
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    Does anyone know if it’s true that premiums will be capped at $2,500 under Obamacare?

    • December 6, 2012 at 2:58 pm
      youngin' says:
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      Hidden due to low comment rating. Click here to see.

      • December 6, 2012 at 2:59 pm
        Libby says:
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        Yup! And he eats pork and smokes cigarettes. Quite the Muslim! LOL.

  • December 6, 2012 at 3:27 pm
    Agent says:
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    Do you think he served the Immams Bacon, Lettuce & Tomato sandwiches when he invited them to the White House? Maybe they had a Beer Summit. Of course, he has cancelled the Christian Prayer Breakfast because that might be perceived to be taking sides.

  • December 6, 2012 at 4:55 pm
    Bunk Science says:
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    OK, so from the study –

    Because this is an uncontrolled “natural experiment,” it is likely that other factors also influenced insurers’ behavior in addition to the new MLR rule. These may include competitive and state regulatory factors, all of which drive insurers’ pricing decisions and operational strategies.

    They are basically saying the study may be bunk – once again, this is in their study.

    • December 6, 2012 at 5:27 pm
      caffiend says:
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      *GASP* A VOICE OF REASON!!! You do realize that’s anathema to all of those preaching above don’t you?

  • December 10, 2012 at 11:25 am
    Agent says:
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    So easy to figure , they took $1B from broker commissions.

    Then rebated back our lost revenues !!!!!!

    • December 10, 2012 at 4:04 pm
      Original Agent says:
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      Oops! Do I have another Agent commenting under my moniker? I do agree with you on broker commissions. The MLR is a joke and brokers are the ones who suffer with reduced commissions. They also rebate very small amounts to consumers which is a fraction of what premiums have gone up to. Hardly a week goes by without some of my insureds getting a rate action. Many have had to take less coverage at higher deductibles in order to afford coverage. What part of Obamacare is affordable for the average consumer?

  • December 16, 2012 at 9:48 pm
    Demo-Cat says:
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    I still think it is cruel and inhumane to allow health and sickness to be at the whim of the private market system and depend on whether or not people can afford to be healthy in today’s society. With what we know about medicine and even basic health–and I’m not even discussing end-of-life care issues here, just staying well and taking care of what needs to be looked after, such as chronic conditions, and preventive care–there is no real reason not to have universal health care. If people who keep talking about how folks ought to “take care of themselves” really don’t give a good you-know-what about anyone but their own self, then let them stand up and say what they are not saying–that anyone who can’t afford it should get sick and die if that’s what it shakes out to. Spare the head-patting denials, and, especially those who talk from the loudest microphones in the country–let’s hear you say what you mean. We all have the right to know, because how else will we know what you really think? Thoughts on this?

    • December 19, 2012 at 2:29 pm
      Libby says:
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      I agree with you Demo-Cat. Stand up be heard if that’s how you really feel.

      To Acuary – WTF??

  • December 19, 2012 at 2:21 pm
    An actuary says:
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    “attempting to restrain insurers’ spending on profits”

    ?!?!?



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