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re: Main Minnesota insurer leaves the ACA exchange
Posted on 9/16/14 at 5:30 pm to Lsut81
Posted on 9/16/14 at 5:30 pm to Lsut81
quote:
Why would they leave the exchange? Why not just raise prices and remain
Probably some stupid fricking law put in there that they cannot raise prices without an act of Congress...
But seriously, I bet they knew they were so far off and needed to raise them double or some crap like that and knew it wouldn't be allowed.
They singed a bad deal and know it's a dumpster fire of lies..
1
Posted on 9/16/14 at 5:33 pm to GeeOH
quote:
Probably some stupid fricking law put in there that they cannot raise prices without an act of Congress...
could be wrong, but I think I remember something about insurers having to justify rate increases to HHS. If that's correct, maybe they needed a big increase to keep these plans viable and the hassle of justifying it wasn't worth it?
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