I just noticed insurance giant United Health is also not participating in CA’s state-run healthcare exchange. That’s three giants and counting.
And I wonder who will bail out by the end of 2014, primarily due to overall quality of new sign-ups in Covered CA. It’s going to be very interesting to watch. Whatever, the case, we are moving towards a monopoly on healthplan insurers in CA.
This does NOT bode well for keeping rates down going forward :=0
And I agree with SDR. If I was 20-something, otherwise “healthy,” and not covered by a parent or employer, I would use community clinics (whose fees are on a sliding scale) and borrow unexpired prescription antibiotics occasionally from my friends and family before I paid $200 + month for a nearly worthless plan 🙂
This is ONE of the reasons why Obamacare’s “theory” of the healthy insureds’ premiums subsidizing the unhealthy insureds’ premiums isn’t going to work out well.
At that age, that money is better directed to a student loan or savings to buy a vehicle.
