|
|
| Blue Cross to stop accepting credit cards for insurance payments (1363664) | |
 |
|
| Home > OTChat | |
[ Post a New Response | Return to the Index ]
|
| (1363664) | |
Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by ChicagoMotorman on Tue May 3 10:39:04 2016 Unaffordable care act. |
|
|
| (1363665) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by Spider-Pig on Tue May 3 11:01:04 2016, in response to Blue Cross to stop accepting credit cards for insurance payments, posted by ChicagoMotorman on Tue May 3 10:39:04 2016. What a fallacious post. |
|
|
| (1363666) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by AlM on Tue May 3 11:02:18 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by Spider-Pig on Tue May 3 11:01:04 2016. Costco is no longer going accept Amex cards. I bet that's Obama's fault too. |
|
|
| (1363667) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by MorningsideHeightsM100 on Tue May 3 11:03:28 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by AlM on Tue May 3 11:02:18 2016. They're switching their AmEx card over to a Visa card at about the same time. |
|
|
| (1363669) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by AlM on Tue May 3 11:07:01 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by MorningsideHeightsM100 on Tue May 3 11:03:28 2016. Yes. My point is that certain merchants are constantly making changes concerning credit card acceptance to keep their costs down.Blue Cross obviously decided that paying something like a 3% credit card fee just wasn't worth it in terms of bringing in more business. |
|
|
| (1363680) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by SLRT on Tue May 3 12:37:20 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by AlM on Tue May 3 11:02:18 2016. What a silly retort. |
|
|
| (1363681) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by Spider-Pig on Tue May 3 12:39:39 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by SLRT on Tue May 3 12:37:20 2016. How is it silly? |
|
|
| (1363684) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by SLRT on Tue May 3 13:02:21 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by Spider-Pig on Tue May 3 12:39:39 2016. The comparison is silly. The issue with Costco and Amex is not the same as Blue Cross and Obamacare.Any seller wants to accept credit cards in order to attract more business; and card issuers want to be attractive to the sellers to gain volume and fees. In the case of Costco and Amex, Costco is a huge revenue stream for Amex but the two parties disagreed on the cut, so enter Visa. Costco is not dumping credit cards. In the case of Blue Cross, they are retaining credit cards for the lines of business they still find sufficiently profitable. But not Obamacare, a line of business they no longer want to encourage. Obamacare is the issue, not the Credit Card fees. |
|
|
| (1363686) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by AlM on Tue May 3 13:14:21 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by SLRT on Tue May 3 13:02:21 2016. In the case of Blue Cross, they are retaining credit cards for the lines of business they still find sufficiently profitable.Not what the article says. And don't you want health insurance company margins to be tight enough that 3% of revenue makes all the difference? Isn't that a good thing? |
|
|
| (1363687) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by Spider-Pig on Tue May 3 13:14:27 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by SLRT on Tue May 3 13:02:21 2016. But they are still saving money by switching cards in the same way that BCBS is saving money by abandoning cards. Costco could increase sales by accepting all cards, but they don't.You are only assuming they are trying to discourage the Obamacare exchange. They are not obligated to participate and can stop offering the plan at all. |
|
|
| (1363688) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by SLRT on Tue May 3 13:18:15 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by AlM on Tue May 3 13:14:21 2016. That is what the article says. Did you read it? |
|
|
| (1363689) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by SLRT on Tue May 3 13:20:03 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by Spider-Pig on Tue May 3 13:14:27 2016. You are only assuming they are trying to discourage the Obamacare exchange.Is that an unreasonable conclusion, considering they are keeping credit cards for other lines of business? They are not obligated to participate and can stop offering the plan at all. Stay tuned. |
|
|
| (1363691) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by Spider-Pig on Tue May 3 13:33:53 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by SLRT on Tue May 3 13:20:03 2016. Presumably they determined that demand for the Obamacare exchange is less elastic. |
|
|
| (1363693) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by bingbong on Tue May 3 13:41:22 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by SLRT on Tue May 3 13:20:03 2016. If private sector insurers want to get out of supporting exchange ustomers, theyre free to do so and will accelerate the demand for a public option, which will eliminate them from any insurance market in no time. People want the beat coverage for the least mo ey. Medicare has ben offering that for a good long time, and will do so for more as soon as that day finally arrives.Be careful what you ask for you mght get it. If that 3% maks that much of a sifference to them it's a good thing. It also shows the exercise of some wisdom on their part, increasing revenues without touching rates. (That, typoed as rats, so close to the truth! 😇) |
|
|
| (1363705) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by SLRT on Tue May 3 14:52:32 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by bingbong on Tue May 3 13:41:22 2016. Without touching rats? I've known rats that are pleasant to touch, like cats and some other pet rodents, unless you get a biter.BTW, just as a technical point, I doubt the credit card companies are getting anything close to 3% on premium payments. There is the promise of large volume, and a big insurer has lots of negotiating clout. Which was exactly the issue with Costco and Amex. |
|
|
| (1363708) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by bingbong on Tue May 3 15:00:00 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by SLRT on Tue May 3 14:52:32 2016. 1% does a profit margin make. |
|
|
| (1363713) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by SLRT on Tue May 3 15:32:05 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by bingbong on Tue May 3 15:00:00 2016. Indeed. |
|
|
| (1363718) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by AlM on Tue May 3 15:41:10 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by SLRT on Tue May 3 13:20:03 2016. Is that an unreasonable conclusion, considering they are keeping credit cards for other lines of business?Not what I saw in the article. |
|
|
| (1363719) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by SLRT on Tue May 3 15:43:47 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by AlM on Tue May 3 15:41:10 2016. What didn't you see in the article? |
|
|
| (1363723) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by AlM on Tue May 3 15:47:54 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by SLRT on Tue May 3 15:43:47 2016. That they are keeping credit card payments for other lines of business. But I missed the one-paragraph sentence that followed the main paragraph.Starting June 1, the Chicago-based health insurer will no longer accept credit cards as a form of payment for members who buy their own health insurance on or off the Illinois marketplace. The company began notifying customers of the change last month. Blue Cross will still accept other forms of payment, including debit cards. The new payment policy will not affect customers in the group or Medicare markets. However, I'm not convinced that credit cards are ever accepted in the group market. And I've never heard of them being accepted in the Medicare market. I think the lack of effect is that they didn't take them before and aren't taking them now. |
|
|
| (1363738) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by italianstallion on Tue May 3 16:40:14 2016, in response to Blue Cross to stop accepting credit cards for insurance payments, posted by ChicagoMotorman on Tue May 3 10:39:04 2016. Why are insurance costs increasing?"People newly enrolled in individual health plans in 2014 and 2015 were found to have higher rates of certain diseases, such as high blood pressure, diabetes, depression, coronary artery disease, HIV and hepatitis C than people who already had coverage, the association said in a March report." In other words, people are finally being treated for chronic conditions that they had when they could not afford insurance. Now they are finally being treated and presumably getting better. This is a transitional problem. Once most people have coverage, the incidence if these chronic untreated diseases will recede. Meanwhile, it's good news that people are being treated. Or don't you think so? |
|
|
| (1363745) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by AlM on Tue May 3 16:54:05 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by italianstallion on Tue May 3 16:40:14 2016. Meanwhile, it's good news that people are being treated. Or don't you think so?Terrible news. Horrible impact on social security. We need death panels! |
|
|
| (1363749) | |
Re: Blue Cross to stop accepting credit cards for insurance payments |
|
|
Posted by bingbong on Tue May 3 17:06:22 2016, in response to Re: Blue Cross to stop accepting credit cards for insurance payments, posted by AlM on Tue May 3 16:54:05 2016. here ya go....
|
|
|