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View Diary: Congress reacts to administration insurance cancellation fix (47 comments)

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  •  Because insurance companies were just doing (9+ / 0-)

    what they always do, cancelling policies every single year, a one year "fix" is all that's appropriate!

    They were just LYING about why now--taking the opportunity to blame the ACA for the cancellation--and in some cases also lying to the policy holder about their increased options. See LifeWise letter

    For 15 years Aetna has cancelled our old plan every year, offered new plans with higher rates and worse coverage. I had to pour through undecipherable material with newly invented terms like "coinsurance" and even changing definitions for  terms we thought we understood like "in network!"

    Okay, the Government says you MUST abort your child. NOW do you get it?

    by Catskill Julie on Thu Nov 14, 2013 at 01:36:58 PM PST

    •  actually co insurance is an old term (0+ / 0-)

      for your goose is cooked.

      If you have say hospitalisation coinsurance of 40%, and get cancer, your $100,000 chemo will cost you $40,000.

      •  Not likely, because since the hospitalization is (1+ / 0-)
        Recommended by:

        covered, the cost to you would go towards your out-of-pocket maximum.  If your out-of-pocket maximum is $8,000, for example, you'd only pay at most $8,000. The insurance company would pay the other 32,000 of the coinsurance, i.e. - a total of 92,000.

        Of course, if your policy didn't cover pre-existing conditions, and if the insurance company could come up with a way to claim a pre-existing condition is involved, then you'd have a bill for the entire $100,000.

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