WellPoint surprised industry experts when it announced it will likely seek “double-digit plus” rate hikes. Insurers still have two months before they must submit their 2015 rates, so WellPoint’s prediction could impact other insurers’ rate-setting plans, Bloomberg reported.
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Bloomberg Businessweek wants to know what’s in store for our nation’s healthcare future. We are facing a staggering shortage of doctors, along with a growing demand for providers precipitated by Obamacare. In spite of thee challenges, there are doctors and entrepreneurs emerging, people searching for better outcomes. Our direct care operation, Atlas MD, was actually the first practice profiled in Bloomberg’s article. They shared one of our harrowing stories — helping a struggling, uninsured woman address her thyroid issues, and regain her vitality, for $147 instead of ~$1,500 a hospital would have potentially charged her.
Bloomberg.com followed up on the Obamacare sign-up fiasco. Depending on the source, it might sound like Armageddon or a minor rain shower. Regardless, a program this large was guaranteed to hiccup. However, this hiccup is relevant. Patients who have actually completed their portion of enrollment, and submitted information to the exchange and opted for a plan, are facing a red tape problem — their electronic files are inaccessible or incomplete, thereby stymying insurance processing. Insurers are throwing their hands in the air, saying they can’t do anything, and leaving the subscribers out to dry. It gets worse. These participants might not be technically “insured” come January 1, 2014, and could face a fine.
So what’s the take away? More red tape, more problems.