Tuesday, January 14, 2014

Insurers Raise Cost Concerns After ObamaCare Demographic Data Released

I smell subsidies coming for insurers.

"This is concerning to us that we're seeing this portion come in so old," Marty Anderson, marketing director for Wisconsin-based Security Health Plan, told WSJ.

Allan Einboden, chief executive of Scott & White Health Plan, told the Journal that the data was "more negative than we thought it was going to be," and added that several requests to pre-authorize surgeries for enrollees in the first days of their coverage had executives worried about costs.

Robert Laszewski, a consultant who works with insurers, told NYT that "You need healthy people of all ages ... the program is not ramping up fast enough to guarantee a good balance of healthy and sick people, which you need to sustain the program."

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