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Posts Tagged ‘60522’

Blue Cross Blue Shield Confirms Obamacare Death Spiral

Thursday, April 28th, 2016

According to The Beacon:

” The Blue Cross and Blue Shield Association, which represents 36 Blue Cross and Blue Shield plans covering 105 million Americans, has just released a study of its members’ claims data in Obamacare exchanges 2014 and 2015. It confirms that Obamacare exchange enrollees are sicker and more expensive than enrollees in pre-Obamacare individual plans or employer-based plans.

Here I quote four of the study’s findings:

  • Members who newly enrolled in BCBS individual health plans in 2014 and 2015 have higher rates of certain diseases such as hypertension, diabetes, depression, coronary artery disease, human immunodeficiency virus (HIV) and Hepatitis C than individuals who had BCBS individual coverage prior to health-care reform.
  • Consumers who newly enrolled in BCBS individual health plans in 2014 and 2015 received significantly more medical care, on average, than those with BCBS individual plans prior to 2014 who maintained BCBS individual health coverage into 2015, as well as those with BCBS employer-based group health insurance.


The Federal Government’s $146 Billion Obamacare Boo-Boo

Thursday, April 28th, 2016

According to The Motley Fool:

Bad things can happen when a government forecast proves to be way off.

There are mistakes, and then there are big mistakes. What the Congressional Budget Office’s latest report on federal subsidies revealed was a mistake of monstrousproportions on the part of the federal government.

Here’s what a forecasting error looks like
The Congressional Budget Office, or CBO, has been making projections on the future of Obamacare, and healthcare in general, for years. Initially, the CBO had projected that up to 21 million people would sign up for private health insurance using Obamacare’s transparent marketplace exchanges by 2016. However, that estimate has been substantially reduced to just 12 million. According to the Department of Health and Human Services, Obamacare enrollment totaled “about 12.7 million” as of the end of third enrollment period (Jan. 31, 2016). Ultimately, the CBO foresees private health enrollment via Obamacare topping out at between 18 million and 19 million people between 2018 and 2026.

Why such a huge difference in actual enrollment versus initial projections? To begin with, the government appears to have overestimated just how many people would sign up on private exchanges versus being enrolled via their employer. The data has thus far shown that nowhere near as many people as expected dropped out of employer-sponsored insurance to sign up on Obamacare’s marketplace exchanges, meaning there was a considerably smaller uninsured pool than initially anticipated. (more…)

Hinsdale, Illinois: Health Insurance

Monday, November 14th, 2011
Hinsdale Post Office

Image by (V)oluntary (∀)mputation via Flickr

Welcome to the Eriksen Insurance Website

We are an independent brokerage agency that specializes in health, life, dental, vision, disablity, long term care, and Medicare supplement insurance. We represent and help maintain company health insurance plans as well as personal individual health insurance and family health insurance plans, in the Hinsdale area.

We can help you with finding the right health insurance for you if you’re:

Family Individual Senior Young Adult Company


In today’s environment with the constantly changing laws, only a dedicated health insurance producer can keep up with all the changes that are, and will be, happening in the health insurance industry. Only a professional, personal health insurance “Navigator” can answer your questions, direct your coverage and keep you in compliance with all of these changes. Over the next 5 to 10 years the health insurance world will be in a state of flux. I will be here to help you make the right decisions. I am available by email, phone, fax or through a one-on-one meeting to discuss your situation and help guide you to a positive solution.

Please feel free to check out the tabs, insurance reform blog, and Google Places reviews for more health insurance information. Thank you for visiting our website. I look forward to working with you.

Thanks again,

Robert G. Eriksen, President
Personal Health Insurance Navigator

Phone: (847) 426-2788

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