O'Care premiums going to skyrocket

http://thehill.com/blogs/healthwatch/health-reform-implementation/201136-obamacare-premiums-are-about-to-skyrocket

Well there goes medicare. Obama has already shown a propensity to rob from medicare to pay for obamacare. And now he'll need to rob a whole bunch more than we thought to pay for the huge obamacare subsidies which are coming.

Bob wrote:Well there goes medicare.  Obama has already shown a propensity to rob from medicare to pay for obamacare.  And now he'll need to rob a whole bunch more than we thought to pay for the huge obamacare subsidies which are coming.

Whoops wrong thread, that was meant for somewhere else. Sorry

Here Chickenlittle:

“The increases are far less significant than what they were prior to the Affordable Care Act,” the secretary said in testimony before the House Ways and Means Committee.

Read more: http://thehill.com/blogs/healthwatch/health-reform-implementation/201136-obamacare-premiums-are-about-to-skyrocket#ixzz2wSU9b84G
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Bad news the secretary does not control the insurance company rate increases, you watch.

I know Bob I am going nuts this is the right thread and I started it    

When I saw your reply I thought I put it in the social security thread.

ppaca wrote:Bad news the secretary does not control the insurance company rate increases, you watch.

I know Bob I am going nuts this is the right thread and I started it    

When I saw your reply I thought I put it in the social security thread.

Yes but many insurance companies are remaining competitive and you have the option of changing.

Yep, you might if anyone except BC is in the exchange next year. Remember the CEO of Aetna wants to pull it and they also own coventry.

You may, so we have been told on and off for the past few weeks that anyone receiving a subsidy might have to reapply every year. We probably won't know for sure until summer.

I predicted this... I also predicted that there will be govt interventions to mitigate the political consequences pre-election.

The electorate isn't smart enough to connect dots... their own money will be used to manipulate their perceptions.

Dreamsglore wrote:

ppaca wrote:Bad news the secretary does not control the insurance company rate increases, you watch.

I know Bob I am going nuts this is the right thread and I started it    

When I saw your reply I thought I put it in the social security thread.

Yes but many insurance companies are remaining competitive and you have the option of changing.

 How would you know stinky toes?


All of the insured that lost their insurance have had substantial rate increases under OSLUMMER CARE.

OH golly gee whiz! Now WHO could have seen that coming?

This was forecast, by Conservatives and other thinking people, when this boondoggle was being crammed up our throats with all the briberies, payoffs and most likely blackmail.

Bend over and grab your ankles ObamaCare supporters, President Barack Hussein Obama is going to DRIVE YOU HOME!

ppaca wrote:http://thehill.com/blogs/healthwatch/health-reform-implementation/201136-obamacare-premiums-are-about-to-skyrocket

I really thought they would try to hold off on that a little longer but reality is, they have held this disaster together a long time. Piece by piece its been falling apart and the only thing that has really worked well is the cuts.

right now something funny I just saw. you know that change. org site Obamanites created.... well more than 5000 hospitals have a petition on there to ask us to save them from the cuts.

http://www.change.org/organizations/coalition_to_protect_americas_health_care

so crumbling health system, and rising premiums. who knew.   

The liberals knew.....

I really don't think the liberals did know, they thought they could talk the insurance company's into keeping rates a little lower than they are. The insurance company's had to set rates based on the unknown for this year. When you have to insure all the uninsurable's without number's or any past history of what the claims ratio will be you are in the dark. Most set their rates this year 40-50% higher than last just for this purpose.

They will be setting rates for next year on the unknown also, HHS has only allowed them so much time this year to submit new rates for 2015, so they will not even be close to knowing if they were high enough this year or could have gone lower. I believe they have to get the rates to state OIR's by May and then on to HHS.

The existing plans that people did get to keep with some company's may be double digits.

Actuary's and claims people must be pulling their hair out about now, it's March and no one knows. So therefore I would expect a steep increase. But I'm man enough to say I have been wrong before.

Insurance has to make 100% profit or they are not happy. I watched this with the school board every year. That's why when the reserves started suffering tricare I took it

Offering

The school board this year offered just Two plans

HSA with 5 k deductible and 300 dollar per month
Premium

High end plan where family rate is near 800 per month.

Nobody can really afford either plan, especially the teachers. It's crap

I know, we had several calls when your's was renewing. They put together basically their own plan with your insurance agent (who I don't have much respect for) and may be partially self insured, but the rates are really not that bad. I know for a family it's high, but most family group plan's now have a total premium upwards to $2000 per month. On a single person HSA if you don't have an HSA established and it's a $5000 deductible you are kind of screwed.

The people who called with family's to get rates on the new plans said no thanks, because the individual rates were higher than the $800 per month.

ppaca wrote:I really don't think the liberals did know, they thought they could talk the insurance company's into keeping rates a little lower than they are. The insurance company's had to set rates based on the unknown for this year.  When you have to insure all the uninsurable's without number's or any past history of what the claims ratio will be you are in the dark. Most set their rates this year 40-50% higher than last just for this purpose.

They will be setting rates for next year on the unknown also, HHS has only allowed them so much time this year to submit new rates for 2015, so they will not even be close to knowing if they were high enough this year or could have gone lower. I believe they have to get the rates to state OIR's by May and then on to HHS.

The existing plans that people did get to keep with some company's may be double digits.

Actuary's and claims people must be pulling their hair out about now, it's March and no one knows. So therefore I would expect a steep increase. But I'm man enough to say I have been wrong before.

The rates are too damn high. They are forcing a bunch of people who normally would have paid for their own insurance to go and try to get a subsidy. do people see how screwed up this is?

I will say it. It needs to be said. We cant live in a imaginary world where all things are equal for everyone. To each what they earn. I would rather have a health system, including the insurance part where 90% of the people are taken care of instead of screwing the entire thing up to where everybody is equally screwed. <<< definition of socialism

The mentality of the left is if the boat tips over they demand that all floating survivors be saved or none, Im all for saving as many as possible but realize some may parish.

ppaca wrote:I know, we had several calls when your's was renewing. They put together basically their own plan with your insurance agent (who I don't have much respect for) and may be partially self insured, but the rates are really not that bad. I know for a family it's high, but most family group plan's now have a total premium upwards to $2000 per month. On a single person HSA if you don't have an HSA established and it's a $5000 deductible you are kind of screwed.

The people who called with family's to get rates on the new plans said no thanks, because the individual rates were higher than the $800 per month.

Health insurance has been why many teachers stuck with teaching all these years. I don't see how any of the younger folks entering the profession and then having a family will be able to remain in the profession. I think if they do, it will be due to the fact that they are getting health insurance from the spouse. In my case, for now, I have Tricare Reserve Select. I'm worried about when I have to retire from the reserves and getting hammered.

http://kff.org/interactive/subsidy-calculator/

Just out of curiosity I decided to look up the cost of a silver and bronze plan for a single person in their 20's who makes the average annual income in Escambia County.

It turns out the average annual income is $23,396.

Silver plan: $1,504 per year after subsidy ($125 per month - or, a cable bill)

Bronze plan: $877 per year after subsidy ($73 per month - or, a phone bill)

OK, so now that we have established the fact that a single person earning the average wage in Escambia County can now receive health insurance for a cost comparable to that of a cell or cable bill...what is the problem here, exactly? What's that? Some people say costs will go up (as they always have forever)? Others say costs may stabilize or go up at a slower rate than before? OK.

Be sure to call me when a single person in their 20's earning the average wage in Escambia county can no longer purchase health insurance for the cost of a cell or cable bill. Until then, this article isn't information. It isn't data. Just noise.

PkrBum wrote:I predicted this... I also predicted that there will be govt interventions to mitigate the political consequences pre-election.

The electorate isn't smart enough to connect dots... their own money will be used to manipulate their perceptions.

I predict that you will continue to express yourself via one-line, sometimes two-line blurbs that allude to the idea that "government is bad" from here and into perpetuity.

The rates are too damn high.

After Boards has laid it out........do you agree they are too damn high?

Boards can lay it out all he wants and even lay over the table and take an alien probe. Off exchange premiums are approximately 35-40% higher for all the new plans. But then again the unknown claims ratio.

I agree on his assumptions for early 20's with subsidy, but they see no need for health insurance.

Bob, send your alien's over to boards house.

ppaca wrote:Boards can lay it out all he wants and even lay over the table and take an alien probe. Off exchange premiums are approximately 35-40% higher for all the new plans. But then again the unknown claims ratio.

I agree on his assumptions for early 20's with subsidy, but they see no need for health insurance.

Bob, send your alien's over to boards house.

Ut Oh! ppaca, all of a sudden the people on this forum are not so happy with our very own insurance man. Before you were the man, the ins man. Now your just another racist Obama hater telling lies im sure LOL

Nobody denies his expertise, but until the penalty phase has gone through a couple cycles, the pat answer that young people will not buy these policies which are so INEXPENSIVE is untested. My prediction is that in three years folks are going to buy insurance rather than pay the penalty.