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Blue Cross Blue Shield Of ND Says Insurance Premiums May Double Under Obamacare
Rod St. Aubyn, director of government affairs for Blue Cross Blue Shield of North Dakota, told me in an interview this week that as Obamacare is implemented nationally it will have little impact on health care costs despite being called, officially, the Patient Protection and Affordable Care Act.
“This is not health care reform,” St. Aubyn told me. “This is health insurance reform.” He went on to say that Obamacare does “very little to address the cost of health care.”
Asked what sort of impact the law, which includes numerous mandates for expanded coverage, will have on insurance premiums St. Aubyn said the “rough estimate” BCBS is using, based on the fact that there are still a lot of aspects of this law that haven’t yet been defined, is a 15% increase in group (employer) insurance policies and as much as a 75% – 100% increase in individual insurance policies.
Blink
November 29th, 2012
The short list would be the things that haven’t doubled, tripled, or quadrupled in price with Obama in the WH. Or soon will.
Twellsy
November 29th, 2012
It’s all going according to plan. Insurance rates double or triple. The gubmint will have plans that are cheaper, so everyone buys that and the insurance companies go under. Voila, a single payer system supplied by the gubmint. Sneaky bastards.
Edith McCrotch
November 29th, 2012
Dear Mr. Blue Cross/Blue Shield,
You saw this coming so you should of saved some of those bonuses that you lined your top executives pockets with and instead paid off some congressman,see how that works?
I mean really, what kind of Actuary personnel do you have working or you?
Mrs Compton
November 29th, 2012
He’s just seeing this? He should go out of business, dumbass.
annie p
November 29th, 2012
We could all have Cadillac plans, but it won’t matter if there are no doctors or nurses left. Obamacare was never intended to improve healthcare.