Where's my weiner wrote:
Perspective wrote:So why are most insurance carriers pulling out of exchanges if they are making so much money? You guys need to wake up. When has the government ever done anything better than the private market? You think the DMV is efficient?
Most aren't. Some are. It's because they can charge even more when not in the exchanges. As many others have pointed out before, health care costs were set to skyrocket before Obama care took affect. Nothing is going to change the fact that our declining health as a nation will be what bankruptcy America for we don't enact holes alert changes.
"...they can charge more when not in the exchanges..."
Completely false.
Insurers can charge whatever they want on the private market. The exchanges are a different thing...there are ultimately limitations on the exchange prices and they can sell products on both with two different pricing structures. Insurers are finding out that they aren't making money on the exchange customers. It's very simple. When you are a business and a product line isn't profitable....btw, every business NEEDS A PROFIT to survive...you stop offering that product. Pulling out of the exchanges has nothing to do with what you normally charge. Staying in the exchanges means you have to raise your prices to your non exchange customers to subsidize those losses.