Health Insurers Will Be Charged to Use New Exchanges

[enlightenment]

11. I know.

But they'll use any available loophole, as well - and the system is set up to actually help them out in that regard. Using a phrase like "unjustified" in regard to rate hikes is one example; the number of "ifs" and "buts" in the details of that rule leave it wide open. Clauses like: "If you are in a health plan that existed on March 23, 2010, your plan may be a grandfathered plan, which is exempt from the Rate Review rules. (from: http://www.healthcare.gov/law/features/costs/rate-review/index.html )

I absolutely agree that they will certainly take advantage of the 10% rule (unless their state has filed for an exception, like Alaska, at 17%, and Wisconsin, which has asked for a variable rate cap). Those 9.95% increases will add up over the years.

The foxes are in the hen house.