Archive for September 1st, 2011

Evil Insurance Companies Blamed For High Health Care Costs – Premium Rates Under Review

Thursday, September 1st, 2011

Starting Thursday, state and federal regulators will review double-digit rate increase proposals from health insurers to determine whether the premium hike is reasonable. 

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10 K Report Exposes Carrier Strategies

Thursday, September 1st, 2011

The SEC publishes 10K Filings which provides  useful information regarding company finances and strategies. Ever wonder who owns the MGU, and who owns the owner of the MGU, and who owns the owners of the owners of the MGU or insurance carrier, or which marketing firm (brokerage) is owned by any one of the above owners? A 10K filing provides the answers. Below is a portion of a recent filing:

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Department of Health & Human Services – “All Carriers Must Contract With Essential Service Providers”

Thursday, September 1st, 2011

Under ObamaCare, carriers that participate in Exchanges “must contract with essential service providers.” Will that incentivize providers to charge more? “You want me in your lousy network? Then I want 500% of RBRVS and not a penny less!” Why should providers negotiate  lower fees when insurance companies are required to use their services? Just the opposite may happen

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