Monday, June 22, 2015

Aetna and UnitedHealthCare want to do WHAT to Kentucky health insurance consumers in 2016?!

Without federal subsidies, ObamaCare has been a disaster for health insurers and their customers. With federal subsidies, ObamaCare has been a disaster so far only for consumers. This explains why insurers Aetna and UnitedHealthCare want to expand their offerings for individual health insurance in Kentucky in 2016.

But if you expect any more details than that, forget it.

It's amazing, really, to look at the actuarial reports they have filed with the Obamacrats. A new feature, brought to you by the most transparent administration in history, provides massively redacted filings which would otherwise shed light on how these companies intend to "serve" consumers in the Commonwealth. (See Aetna and UnitedHealthCare filings.)

These rate filing documents take absurdity in redacting to a new level. One example: in the UnitedHealthCare filing, in addition to the pages of charts with literally everything blacked out, there is the following sentence about premium projections on Page 2: "Annual trend is expected to (REDACTED) in the state of Kentucky."