A few weeks ago, I was invited to speak at a large meeting of employers who offer health insurance (and lots of other benefits) to their employees. All of them said they are struggling with continuing to pay for those benefits. As we entered the Q&A portion of the program, a very nice lady about halfway back stood up and fired a broadside at me:
Straight Talk Podcast
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“Did you know that health insurance companies that participate in federal or state programs also have stricter gross margin/profit caps on that business? For example, the Medicaid health plans in Louisiana have to pay state and local taxes, and they pay for all administration on 15 percent of the payments they get from the state for managing care of Medicaid patients.”
The Olives: “The Grapes are Gutting Obamacare!! People will die!”
The Grapes: “Obamacare is FAILING! We need to repeal/replace it!”
Drug Company Magic, Part 2
As we move further into 2017, I am increasingly concerned about the impact drug price increases have on your premiums. I’ve written before about the “magical” way drug companies arrive at their pricing.
Blue Cross considers it an important part of our mission to improve the health and lives and Louisianians. We want to give our family, friends and neighbors financial security in their day-to-day lives against terrible illnesses, give them a clear path to improving their health and help them put off chronic disease for as long as possible. A better quality of life for everyone is our goal, and we’re currently doing that as a participant in healthcare.gov.