Why don’t you look to the stop loss market if you are worried about losing your plan design and funding preference? 37 lives is more then enough. We are writing 15 life groups with $5000 specific deductibles taking business away from Anthem. Any Group on their 5K HSA that gets a bad renewal we show them how self funding can put an end to the endless double digit increases

“I don’t know whether this reporter is uninformed or deliberately misleading. This is not a company struggling with the problems of the health care imbroglio Nor do we know what he means. The big boys are reporting record profits. It’s those trying to break their monopoly which are struggling. nHealth is a company which had found a terrific solution, was taking business from Anthem and others at prodigious rate and was rapidly destined to be a real thorn to the near monopoly enjoyed by 2 or 3 predatory companies in Virginia.

Our company which provides 100% medical coverage for our associates selected nHealth after years of 30% and 40% increases from Southern Health and Anthem They were able to show us how our 37 employees could have lower deductibles and saved us between $40,000 and $60,000 per year. The addition of Health Savings Accounts also is saving associate’s money. Virtually all our employees, most of whom are hourly and the so-called “average hard-working Americans” Obama claims to be helping, opened and are contributing to HSA’s. Finally, nHealth was able to give us protection against premium increases. Anthem announced it was raising the rates on the policy for the ensuing year while asking to increase us about 40% before that next increase.”

http://www.politico.com/news/stories/0610/38194.html#ixzz0qKXjOetN

A secondary concern our staff has is the possibility of unionization and believe it or not it’s not from the administrators. A primary concern with our more established employees is that a unionized group is going to tell us what we can and cannot do with employees, especially the bad eggs (Keep in mind I do know what state I’m in.). Trust me we have enough to contend with already with the Federal and State governments. Personally I see an advantage to a unionized staff, mainly on training and the ongoing quality of caregivers.

I think the current healthcare was far too short on what it needed to do and even stepped on some freedoms at the same time. Insurance is only a small part of a much bigger problem and we have a long way to go. But that’s for another time.

This young business probably decided to hang it up because the costs of health care will be escalating through the roof over the next 20 years, not because of the Affordability Act, but because OF THE INCREASING NUMBER OF SENIOR CITIZENS in our country (baby-boomers are getting old). That, along with generally unhealty lifestyles many Americans have chosen to follow (junk food diets and a lack of exercise, etc.).

Considering the fact that everyone will be required to buy their own health coverage, the new law should greatly encourage the health insurance industry. Does anyone see large, well-established insurance companies like Cigna, Blue Cross, United HC, Aetna, or Kaiser closing its doors?