1 Insurer in Miss

[Yagents]

So much for competition:

Small insurers fill gaps for weakest state health exchanges

When the state of Mississippi begins offering subsidized health insurance under President Barack Obama's reform law this year, residents will have only one choice - Magnolia Health Plan - a small insurer little known in most of the country.

"We are really targeting patients up to about 200 and 250 percent of the federal poverty level," Dr J. Mario Molina, Molina's chief executive, said in an interview.

BIG COMPANIES STAY AWAY
Mike Chaney, Mississippi's commissioner of insurance, had hoped the state's exchange would attract the big companies already active in the region, such as BlueCross BlueShield of Mississippi, UnitedHealth Group Inc and Cigna.

 

[AllenChicago]

So much for competition:

Small insurers fill gaps for weakest state health exchanges

When the state of Mississippi begins offering subsidized health insurance under President Barack Obama's reform law this year, residents will have only one choice - Magnolia Health Plan - a small insurer little known in most of the country.

"We are really targeting patients up to about 200 and 250 percent of the federal poverty level," Dr J. Mario Molina, Molina's chief executive, said in an interview.

BIG COMPANIES STAY AWAY
Mike Chaney, Mississippi's commissioner of insurance, had hoped the state's exchange would attract the big companies already active in the region, such as BlueCross BlueShield of Mississippi, UnitedHealth Group Inc and Cigna.

Magnolia execs may have big hearts, but above the neck has problems..
1. Magnolia pays at MEDICAID reimbursement rates and they're seeking to restrict those payouts to even smaller amounts.
REF: http://www.magnoliahealthplan.com/files/2013/04/OB-letter.pdf?0438e8

2. Mississippi is ranked in the top 5 of the most obese, chronically ill, lowest income, populations in America. When the Mississippi exchange opens Magnolia will instantly become a magnet for these demographics. Unless Uncle Sam has worked out a financial deal with them to pay most the claims, Magnolia will wither and die in a few months.

If there is no deal with the Feds, Magnolia leaders should gracefully change their mind and cancel their plans to be on the Mississippi Exchange. When you're the only boat heading out onto the lake, there's probably a big storm brewing!
-ac

 

[houcoogster]

Magnolia execs may have big hearts, but above the neck has problems..
1. Magnolia pays at MEDICAID reimbursement rates and they're seeking to restrict those payouts to even smaller amounts.
REF: http://www.magnoliahealthplan.com/files/2013/04/OB-letter.pdf?0438e8

2. Mississippi is ranked in the top 5 of the most obese, chronically ill, lowest income, populations in America. When the Mississippi exchange opens Magnolia will instantly become a magnet for these demographics. Unless Uncle Sam has worked out a financial deal with them to pay most the claims, Magnolia will wither and die in a few months.

If there is no deal with the Feds, Magnolia leaders should gracefully change their mind and cancel their plans to be on the Mississippi Exchange. When you're the only boat heading out onto the lake, there's probably a big storm brewing!
-ac

Good Info....That is really telling isn't it. The CEO isn't targeting the poor he said 200 to 250FPL so maybe he knows something or like you said maybe Richie Rich has their back. It sounds like a small niche of folks not too poor not too middle class he is after.

 

[Fourthandgoaldude]

It appears that people in 36 of the 82 counties in MS will not be included in a coverage offering. Humana will dip a toe in the water in 4 of the same counties that Magnolia will be in.

Insurers may skip health plans in much of Mississippi

Read more here: Insurers may skip health plans in much of Mississippi | News | The Sun Herald​