volinbham
VN GURU
- Joined
- Oct 21, 2004
- Messages
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two questions:
1. why aren't those companies declaring bankruptcy?
2. if your healthcare doesn't get cancelled does that mean it was good, bad or simply cost enough to get over the bar?
On #2 - above all it means it meets the minimum requirements of coverage for ACA. The next criteria would be does it meet the new actuarial evaluation of policy value to cost given ACA's guidelines of older people can only pay 3x that of younger people (I think that's the ratio). If either of the above are true then insurers can dump high cost patients into the exchanges.
