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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (28841)	3/18/2005 5:58:21 AM
From: steve from ihub	Respond to of 110194

<probably when the insurers jack rates, they drive away the healthy patients and get stuck with the expensive ones. i don't see how this will improve their profitability. that is the same conclussion a friend of mine told me monday night when i called him to see how his business was going.

To: Wyätt Gwyön who wrote (28841)	3/18/2005 7:14:14 AM
From: Crimson Ghost	Respond to of 110194

I am fortunate to have excellent retiree health benefits from my ex-employer. There are some unique factors here which would make it very hard for them to sharply cut these benefits. But that is not the case for most retirees and I suspect many will find their health benefits badly squeezed in the years ahead.

To: Wyätt Gwyön who wrote (28841)	3/18/2005 8:31:49 AM
From: orkrious	Read Replies (1) \| Respond to of 110194

if you ever have a bad condition that needs coverage, it might be hard to switch even worse, your policy can be non-renewed. the ability of an insurance company to non-renew your individual health insurance policy is controlled by each state. most of the options the site presented for me won't work for that reason. I'm not going to switch to a situation where I can be non-renewed. however, that normally isn't the case with blue cross, and it looks like there is a good $240/month alternative. thanks for that link.

To: Wyätt Gwyön who wrote (28841)	3/18/2005 4:20:05 PM
From: regli	Respond to of 110194

When I left the corporate world, I went with Kaiser Permanente because of their comprehensive coverage. They play the game actually quite well. They create new plans at relatively frequent intervals. However, to participate in a new plan (which is considerably cheaper) you have to qualify again. The older plan where the higher risks are located get quickly and significantly increasing premiums. It is not such a nice way to eventually offload high risk insureds or at least recover a higher portion of the costs. EDIT I wouldn't be surprised if other insurers follow the same path.