Urgent Care by Minda Wilson: What Happens If

What Happens If the President Pulls the Plug?

Everyone is worried about rate increases in the President pulls the plug. That is the farthest thing from insurance company’s minds. The rate proposals for 2018 have already been submitted to the states. Each state’s department of insurance is then responsible for reviewing and approving and/or rejecting the rate proposals.

If the rate proposals are accepted; the insurance companies are on the hook to offer insurance at the rates that they proposed. If they are no longer willing to offer certain plans at the rates they originally proposed, the states have the absolute right to bring down the stick.

They are allowed to say to any insurance company “you don’t want to offer individual policies at an affordable rate to our citizens; then we will not let you offer the extremely lucrative Medicare and/or Medicare Advantage, and or group insurance programs, etc., that you want to offer in our state.

No individual plans mean you are out of business.

Your license is revoked; you are done!

If all the states decided to do this, then the CEO of United Health, who earned more than $100 million last year, would be out of a job.

It is that simple.

It is not Washington that can help you fight these massive increases it is your state government.