A state official said families were dropping private coverage so their children would be eligible for the subsidized plan.
Duh. Did anyone seriously expect people to keep paying for something the state was giving away?
Everybody's entitled to my opinion, and it's worth every dollar you pay for it!
A state official said families were dropping private coverage so their children would be eligible for the subsidized plan.
We always wanted Geary Community Hospital to remain in our network and were disappointed to receive their cancellation letter. Rather than hold them to that letter, we decided to give them an opportunity to reconsider our original offer. I firmly believe it was in the best interest of our members in Geary County, and the surrounding counties, and the people of Junction City to be flexible in allowing the hospital to withdraw its cancellation letter.
--Part of a letter from Andrew C. Corbin, President/CEO, BCBS of Kansas
For those who want to blame President George Bush for the market problems:
"In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits."
NY Times Article: Sept. 30, 1999