Log In
Home
15 Feb ’12
Offline
well this isn't good
DENVER (AP) — Colorado's biggest nonprofit health insurer announced its closure Friday, forcing nearly 83,000 Coloradans to find a new insurer for 2016.
Colorado HealthOP announced Friday that the state Division of Insurance has said it can't keep selling health insurance. That's because the cooperative relied on federal support, and federal authorities announced last month they wouldn't be able to pay most of what they owed to a program designed to help health insurance co-ops get established.
The Colorado announcement makes the co-op the seventh in the nation to collapse. Similar nonprofit insurers have already failed in Kentucky, Louisiana, Iowa/Nebraska, Nevada, New York and Tennessee.
more http://www.reporterh.....-collapses
Nearly a third of the innovative health insurance plans created under the Affordable Care Act will be out of business at the end of 2015, following announcements Friday that plans in Oregon and Colorado are folding.
In just the past week, four co-ops, as the nonprofit plans are known, have decided or been ordered to shut down. Their demise means that eight of the 23 co-ops in existence a year ago will be unavailable to consumers shopping for 2016 coverage through insurance marketplaces created under the ACA.
Federal health officials have been cracking down recently on many of the plans, warning them that their finances, enrollment or business model needed to shape up. Some state regulators have applied pressure of their own.
But it was a move by the Department of Health and Human Services that the four closing co-ops say was critically destabilizing. HHS announced Oct. 1 that it could afford to pay insurers participating in the federal and state-run exchanges just 12.6 percent of nearly $3 billion they were owed under a temporary provision of the health-care law. Known as risk corridors, it is intended to help cushion insurers that end up with sicker customers and bigger medical claims than they had anticipated.
15 Feb ’12
Offline
wonder if there will be more stories like this
Classes in a small, financially struggling school district in northern Tennessee have been canceled until officials can find a way to generate more revenue.
Clay County Director of Schools Jerry Strong said the school board made the decision Thursday night after struggling with budget concerns for three years. He said the district doesn't have enough money to pay for partially unfunded government mandates.
"Clay County's inability to generate the revenue to offset the mandates is what's caused this to come to a head," he said. "The straw that broke the camel's back was really the Affordable Care Act for us and it has made it very difficult for us to have our employees properly covered and meet the mandates of the law. That was going to require new revenue and the commission felt like they couldn't do that through a tax increase."
21 Feb ’12
Offline
Just gonna say, I called this like long ago. See my post in the Bernie Sanders thread for a more detailed explanation of the real problem here.
6 Feb ’13
Offline
Man. I would be exstatic if they cancelled school here. I really question the value and would rather have my tax money back. A school in the same district was "running a drill" where the local police depart used full srt gear and test our kids! If my shcooll needs to run this then im not sure my kids need to go there. Im not into homeschooling but the way i fgure it takes about 3 hours a day. School even with 7 hours still needs another hour at home apperently..so that tells me how effective...plus..cannot kids just be kids without the regimented bell rings ..go here...then ..go here... we are not in a factory economny anymore...it makes no sense. I can only wish 😀
6 Oct ’15
Offline
Oh no...Speed funk is here...sheesh..they will let anyone in. Hey buddy, hope all is well.
There was a place out in the Midwest...not sure where...they proposed a 4 day school week to save money (25% less gas and wear/tear on bus's, less on electric...) The parent's went ballistic (teachers loved it)...the vocal parent's were lost about 'day care' for that 1 day a week. I get that..to a point. The chance to cut 20% off a lot of weekly expenses...I would take that all year long.
Speed...where you and I are, we have the highest average teacher salaries in the U.S.A. Plus they have one of the top pension systems and an iron clad union...only State Police, Politicians and the Rail Road have more lucrative retirements. You want to get upset...look at how much of your school district budget goes to teacher retirement program for the state...don't begrudge anyone getting a retirement, but it is so far out of line with the rest of us that it is unethical to me.
15 Feb ’12
Offline
A school in Georgia has been doing it for a number of years
https://www.yahoo.com/parenting/why-one-schools-four-day-school-week-policy-may-125457416147.html
15 Feb ’12
Offline
I don't see how these increases are going to be sustainable, how are they only paying 126 to begin with? We really need a single payer system.
SALT LAKE CITY -- Ana and Oswaldo Demoura got their letter last month: a notice from their health care provider that thousands will soon receive in the mail.
“I thought that was a mistake. I think it’s obscene,” said Oswaldo Demoura.
Addressed to Mrs. Demoura, it outlines a new coverage plan from Arches Mutual Insurance, putting their monthly premium, with tax credits, at $416.59.
The problem with that is they are currently paying $126.22. That means their insurance is going up about 300 percent.
6 Oct ’15
Offline
I don't have the facts to back this up...I am going on past knowledge and what my Dad told me from back in the day...He was born in 1921 and lived through it all ...Great Depression, Served in Army Air Corps, POW of Nazis....
But my understanding was that when Medicare was introduced (started at age 62 and still does) it was planned to make the age younger and younger to become a 'cradle to grave' insurance...obviously that has not happened.
With all that has gone on with Obama Care I can't help but think if they had started rolling back the age for Medicare a little at a time that it would have saved money and done more good than this Obama Care.
...anyone know about the original concept of Medicare...I only shared what I am aware of...I don't claim to be an expert here.
Most Users Ever Online: 698
Currently Online:
77 Guest(s)
Currently Browsing this Page:
3 Guest(s)
Top Posters:
easytapper: 2149
DangerDuke: 2030
groinkick: 1667
PorkChopsMmm: 1515
Gravel Road: 1455
Newest Members:
Forum Stats:
Groups: 1
Forums: 12
Topics: 11482
Posts: 58640
Member Stats:
Guest Posters: 2
Members: 19842
Moderators: 0
Admins: 1
Administrators: K
