Individual Health Plans Going South Fast...But Why?

Why is it that health insurers are making so many unwelcome changes to Individual Health plans all across the nation?

For example... Our BCBS is making these 3 plan modifications all at once, on January 1, 2016. But only to Individual Health plans. Not to Small Group plans..

1. Raising Premiums in IL by an average of 31%.
2. Reducing the Medical Network PPO participation of physicians, hospitals and other facilities by 30% statewide.
3. Converting the Prescription Formulary from "Brand Name" to "Generic Preferred". I don't know the implications of this, but it doesn't soun
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