

The Plain and Ugly Truth about Rate Increases
I’m having a really bad dream, but I’m wide awake! You know the one I mean? Where you are in an impossible situation, you see something really bad about to happen, and there is nothing you can do about it? And you just have to watch the horrible event unfold, unable to change or alter it? Worst dream ever.
It’s been a pretty crazy week. Just since I last wrote to you, Donald Trump came to town, President Obama came to town. The Federal Emergency Management Agency (FEMA), the Red Cross and lots of other organizations are here distributing money and supplies and food. Relief has been pouring in from far and wide. We’re so grateful!
I just can’t wrap my brain around these numbers (even after 55 years of living in South Louisiana).
In January 2010, just a few months before healthcare reform law passed, I got a study by a national actuarial firm that measured the impact of state regulations on health insurance plan pricing. This study showed WIDE variation in the definition of an individual health insurance policy, and how plans were priced, from state to state.
Medicaid has expanded in Louisiana. In previous posts, we’ve talked a bit about what that means, but as enrollment has already eclipsed 250,000 people, this is a good time to review what is happening and what it means for our state.