In this blog, we spend a lot of time talking about the individual market (people who buy their own health insurance coverage and aren’t covered through an employer or government program.)
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.
I often teach classes in what I call “Health Insurance 101” here at Blue Cross. I want to make sure our employees have a good understanding of what insurance companies like us do and why we are here.