Insurance CEO: I'm raising Obamacare premiums because of Trump

[mfcorey1]

He’s the chief executive of Blue Cross Blue Shield North Carolina, a health insurance plan that just filed a 22.9 percent Obamacare rate increase in 2018. Wilson had hoped to have a smaller rate increase this year; he feels like, after years of losing money, the North Carolina marketplace is finally stabilizing.

“2017 is so far, so good,” he says. “It’s still early and our numbers for the year run about 30 to 45 days behind. But the analysis underway so far in 2017 appears to show stability in the market in terms of price, utilization, and the customer base.”

But Wilson is asking for a big increase in 2018 because it does not expect the Trump administration to fund a key Obamacare program, the cost-sharing subsidies. This is a $7 billion program that lowers copays and deductibles for low-income enrollees. The Trump administration has been aggressively ambiguous on whether it will continue to finance that program, which is currently being challenged in a federal lawsuit.

https://www.vox.com/2017/5/30/15701986/blue-cross-north-carolina-obamacare-premiums

[7wo7rees]

1. It is just quite simply time to take profit out of health care.

And education and criminal justice/incarceration.

Wall Street needs a comeuppance.

Something is terribly wrong with this country and a correction is much needed and called for.

Our MIC, our exceptionalism​, is going to be our ruin. Our acceptance, our apathy, our inability to be involved or to even care .... I'm sorry.

I still believe this country is better than this, but we seem to be failing at an increasingly exponential rate.

Oh yes, on a side note, Dear Mr. Wilson, go F yourself!