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  #21  
Old 06-30-2015, 09:02 PM
cincinnatikid cincinnatikid is offline
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Results in FL were pretty astounding as well: BCBS gets $222M, Coventry writes a check for $160M, Humana paying $80M, Preferred Medical Plan paying $97M.
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  #22  
Old 06-30-2015, 09:23 PM
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I'm surprised that only 10 issuers got hit with (or opted for?) the default charge. Also surprised the reports went out on schedule.
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  #23  
Old 07-01-2015, 10:53 AM
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It will be interesting to see the PR hit some companies will take for crying poverty in 2014 and then be in a rebating position. Not really a good look when asking for a rate increase.
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  #24  
Old 07-01-2015, 11:57 AM
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Any Co-Ops out of business yet?
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  #25  
Old 07-01-2015, 12:52 PM
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Quote:
Originally Posted by greenman View Post
Any Co-Ops out of business yet?
Yes, CoOpportunity Health.
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  #26  
Old 07-01-2015, 12:59 PM
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Yes, CoOpportunity Health.
Sorry, besides them. Although they did get quite a haul in reinsurance recoveries.

It was a tongue-in-cheek question since I'm guessing some of them didn't get what they were expecting.
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  #27  
Old 07-01-2015, 01:10 PM
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Quote:
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It will be interesting to see the PR hit some companies will take for crying poverty in 2014 and then be in a rebating position. Not really a good look when asking for a rate increase.
That's not how this works.
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  #28  
Old 07-01-2015, 01:47 PM
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Any Co-Ops out of business yet?
Looking at the list S&P put out earlier this year, listed below, it appears a few might have adverse results. Ones to watch would be Nevada Health Co-Op and Colorado HealthOP.

The one shocker is Health Republic of NY that was not on the list. They will need to come up with over $22 million, if I did the math right, in surplus to pay for risk adjustment.

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Eleven co-ops—Arches Health Plan in Utah, Colorado HealthOP, Community Health Alliance in Tennessee, Consumers Mutual Insurance of Michigan, Evergreen Health Cooperative in Maryland, Health Republic Insurance of Oregon, HealthyCT in Connecticut, Land of Lincoln Health in Illinois, Meritus Health Partners in Arizona, Minuteman Health in Massachusetts and Nevada Health CO-OP—had net loss-to-surplus ratios that were worse than CoOportunity's. That means their net losses represented a larger portion of their remaining funds compared with CoOportunity's, as of Sept. 30.
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  #29  
Old 07-01-2015, 02:34 PM
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I wonder if they'll post not only the payments but the eligible $'s. They won't be able to pay out every eligible dollar due to underfunding but it'd be interesting to see.
Agreed x 12,000
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  #30  
Old 07-01-2015, 02:40 PM
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Lots of articles online (Bloomberg, WSJ) discussing the reinsurance dollars insurance companies are getting paid to them.

So far, haven't seen any of them mention what reinsurance fees the insurance companies paid in.
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