Health Insurers Raise Some Rates by Double Digits | TigerDroppings.com

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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

Health Insurers Raise Some Rates by Double Digits


Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid rise in insurance costs for consumers.

Dave Jones, the California insurance commissioner, said some insurance companies could raise rates as much as they did before the law was enacted.

Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.

In California, Aetna is proposing rate increases of as much as 22 percent, Anthem Blue Cross 26 percent and Blue Shield of California 20 percent for some of those policy holders, according to the insurers’ filings with the state for 2013. These rate requests are all the more striking after a 39 percent rise sought by Anthem Blue Cross in 2010 helped give impetus to the law, known as the Affordable Care Act, which was passed the same year and will not be fully in effect until 2014.

In other states, like Florida and Ohio, insurers have been able to raise rates by at least 20 percent for some policy holders. The rate increases can amount to several hundred dollars a month.

The proposed increases compare with about 4 percent for families with employer-based policies.

Under the health care law, regulators are now required to review any request for a rate increase of 10 percent or more; the requests are posted on a federal Web site, healthcare.gov, along with regulators’ evaluations.

The review process not only reveals the sharp disparity in the rates themselves, it also demonstrates the striking difference between places like New York, one of the 37 states where legislatures have given regulators some authority to deny or roll back rates deemed excessive, and California, which is among the states that do not have that ability.

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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

re: Health Insurers Raise Some Rates by Double Digits




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This post was edited on 1/7 at 7:37 am


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LSUGrrrl
LSU Fan
Frisco, TX
Member since Jul 2007
5176 posts

re: Health Insurers Raise Some Rates by Double Digits


quote:

it also demonstrates the striking difference between places like New York, one of the 37 states where legislatures have given regulators some authority to deny or roll back rates deemed excessive, and California, which is among the states that do not have that ability.


Why is this? Has it always been this way or is this new?






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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
292243 posts

re: Health Insurers Raise Some Rates by Double Digits


my 2011 premiums were $82.76

my 2012 premiums were $108.35

my 2013 premiums are around $120






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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
14952 posts

re: Health Insurers Raise Some Rates by Double Digits


quote:

my 2011 premiums were $82.76 my 2012 premiums were $108.35 my 2013 premiums are around $120
Damn, you must be one unhealthy guy to have made so many claims that your rates increased almost 50% in two years. Seriously, your premiums are subsididizing others who make larger claims with whom you are pooled for underwriting purposes. It's going to get worse when mandatory community rating goes into effect, and you are charged twice the premiums of the least healthy persons in your pool.






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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

re: Health Insurers Raise Some Rates by Double Digits


Full List of Obamacare Tax Hikes

Obamacare law contains 20 new or higher taxes on American families and small businesses.

Taxpayers are reminded that the President’s healthcare law is one of the largest tax increases in American history.

Obamacare contains 20 new or higher taxes on American families and small businesses.

Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:

Taxes that took effect in 2010:

1. Excise Tax on Charitable Hospitals (Min$/immediate): $50,000 per hospital if they fail to meet new "community health assessment needs," "financial assistance," and "billing and collection" rules set by HHS. Bill: PPACA; Page: 1,961-1,971

2. Codification of the “economic substance doctrine” (Tax hike of $4.5 billion). This provision allows the IRS to disallow completely-legal tax deductions and other legal tax-minimizing plans just because the IRS deems that the action lacks “substance” and is merely intended to reduce taxes owed. Bill: Reconciliation Act; Page: 108-113

3. “Black liquor” tax hike (Tax hike of $23.6 billion). This is a tax increase on a type of bio-fuel. Bill: Reconciliation Act; Page: 105

4. Tax on Innovator Drug Companies ($22.2 bil/Jan 2010): $2.3 billion annual tax on the industry imposed relative to share of sales made that year. Bill: PPACA; Page: 1,971-1,980

5. Blue Cross/Blue Shield Tax Hike ($0.4 bil/Jan 2010): The special tax deduction in current law for Blue Cross/Blue Shield companies would only be allowed if 85 percent or more of premium revenues are spent on clinical services. Bill: PPACA; Page: 2,004

6. Tax on Indoor Tanning Services ($2.7 billion/July 1, 2010): New 10 percent excise tax on Americans using indoor tanning salons. Bill: PPACA; Page: 2,397-2,399
Taxes that took effect in 2011:

7. Medicine Cabinet Tax ($5 bil/Jan 2011): Americans no longer able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin). Bill: PPACA; Page: 1,957-1,959

8. HSA Withdrawal Tax Hike ($1.4 bil/Jan 2011): Increases additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent. Bill: PPACA; Page: 1,959
Tax that took effect in 2012:

9. Employer Reporting of Insurance on W-2 (Min$/Jan 2012): Preamble to taxing health benefits on individual tax returns. Bill: PPACA; Page: 1,957
Taxes that take effect in 2013:

10. Surtax on Investment Income ($123 billion/Jan. 2013): Creation of a new, 3.8 percent surtax on investment income earned in households making at least $250,000 ($200,000 single). This would result in the following top tax rates on investment income: Bill: Reconciliation Act; Page: 87-93

Capital Gains
Dividends
Other*
2012
15%
15%
35%
2013+
23.8%
43.4%
43.4%

*Other unearned income includes (for surtax purposes) gross income from interest, annuities, royalties, net rents, and passive income in partnerships and Subchapter-S corporations. It does not include municipal bond interest or life insurance proceeds, since those do not add to gross income. It does not include active trade or business income, fair market value sales of ownership in pass-through entities, or distributions from retirement plans. The 3.8% surtax does not apply to non-resident aliens.

11. Hike in Medicare Payroll Tax ($86.8 bil/Jan 2013): Current law and changes:

First $200,000
($250,000 Married)
Employer/Employee
All Remaining Wages
Employer/Employee
Current Law
1.45%/1.45%
2.9% self-employed
1.45%/1.45%
2.9% self-employed
Obamacare Tax Hike
1.45%/1.45%
2.9% self-employed
1.45%/2.35%
3.8% self-employed

Bill: PPACA, Reconciliation Act; Page: 2000-2003; 87-93

12. Tax on Medical Device Manufacturers ($20 bil/Jan 2013): Medical device manufacturers employ 360,000 people in 6000 plants across the country. This law imposes a new 2.3% excise tax. Exempts items retailing for <$100. Bill: PPACA; Page: 1,980-1,986

13. High Medical Bills Tax ($15.2 bil/Jan 2013): Currently, those facing high medical expenses are allowed a deduction for medical expenses to the extent that those expenses exceed 7.5 percent of adjusted gross income (AGI). The new provision imposes a threshold of 10 percent of AGI. Waived for 65+ taxpayers in 2013-2016 only. Bill: PPACA; Page: 1,994-1,995

14. Flexible Spending Account Cap – aka “Special Needs Kids Tax” ($13 bil/Jan 2013): Imposes cap on FSAs of $2500 (now unlimited). Indexed to inflation after 2013. There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children. There are thousands of families with special needs children in the United States, and many of them use FSAs to pay for special needs education. Tuition rates at one leading school that teaches special needs children in Washington, D.C. (National Child Research Center) can easily exceed $14,000 per year. Under tax rules, FSA dollars can be used to pay for this type of special needs education. Bill: PPACA; Page: 2,388-2,389

15. Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D ($4.5 bil/Jan 2013) Bill: PPACA; Page: 1,994

16. $500,000 Annual Executive Compensation Limit for Health Insurance Executives ($0.6 bil/Jan 2013). Bill: PPACA; Page: 1,995-2,000
Taxes that take effect in 2014:

17. Individual Mandate Excise Tax (Jan 2014): Starting in 2014, anyone not buying “qualifying” health insurance must pay an income surtax according to the higher of the following

1 Adult
2 Adults
3+ Adults
2014
1% AGI/$95
1% AGI/$190
1% AGI/$285
2015
2% AGI/$325
2% AGI/$650
2% AGI/$975
2016 +
2.5% AGI/$695
2.5% AGI/$1390
2.5% AGI/$2085

Exemptions for religious objectors, undocumented immigrants, prisoners, those earning less than the poverty line, members of Indian tribes, and hardship cases (determined by HHS).Bill: PPACA; Page: 317-337

18. Employer Mandate Tax (Jan 2014): If an employer does not offer health coverage, and at least one employee qualifies for a health tax credit, the employer must pay an additional non-deductible tax of $2000 for all full-time employees. Applies to all employers with 50 or more employees. If any employee actually receives coverage through the exchange, the penalty on the employer for that employee rises to $3000. If the employer requires a waiting period to enroll in coverage of 30-60 days, there is a $400 tax per employee ($600 if the period is 60 days or longer).Bill: PPACA; Page: 345-346
Combined score of individual and employer mandate tax penalty: $65 billion/10 years

19. Tax on Health Insurers ($60.1 bil/Jan 2014): Annual tax on the industry imposed relative to health insurance premiums collected that year. Phases in gradually until 2018. Fully-imposed on firms with $50 million in profits. Bill: PPACA; Page: 1,986-1,993
Taxes that take effect in 2018:

20. Excise Tax on Comprehensive Health Insurance Plans ($32 bil/Jan 2018): Starting in 2018, new 40 percent excise tax on “Cadillac” health insurance plans ($10,200 single/$27,500 family). Higher threshold ($11,500 single/$29,450 family) for early retirees and high-risk professions. CPI +1 percentage point indexed. Bill: PPACA; Page: 1,941-1,956

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Queen
LSU Fan
383 miles from Death Valley
Member since Nov 2009
2757 posts

re: Health Insurers Raise Some Rates by Double Digits


I work for a small business. Our health care costs went up 50 percent. Not even exaggerating. We have no one in our office over the age of 40, either.





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Bard
LA-Monroe Fan
BR
Member since Oct 2008
15740 posts

re: Health Insurers Raise Some Rates by Double Digits


This was predicted well before the ACA passed but the President and his backers said not only that it wouldn't, but that it couldn't.


Morons.

Costs are rising because medical costs are rising because the "unlimited" funds from the federal faucet was hooked into the massive water bowl that is our healthcare system and now everyone wants to drink their "fair share".

Costs are also rising because more previously uninsured or under-insured folks are heading into the system to get care for whatever. With so much demand and no extra supply, Price MUST go up (basic economics, brought it up prior to ACA passing, Lefties laughed it off).

Welcome to the beginning of our healthcare system getting incredibly shitty then crashing.

Lefties, it's yours...







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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
22097 posts

re: Health Insurers Raise Some Rates by Double Digits


quote:

Health Insurers Raise Some Rates by Double Digits
Bend over and grab you ankles.

Here come those Good Things™ we keep hearing about!






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Siderophore
LSU Fan
Member since Nov 2010
3334 posts

re: Health Insurers Raise Some Rates by Double Digits


quote:


my 2011 premiums were $82.76

my 2012 premiums were $108.35

my 2013 premiums are around $120



Change we can believe in.






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Siderophore
LSU Fan
Member since Nov 2010
3334 posts

re: Health Insurers Raise Some Rates by Double Digits


They never will.

And they will deny and spin like it never happened, if you bring it up for future events.






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WildTchoupitoulas
LSU Fan
Member since Jan 2010
14584 posts

re: Health Insurers Raise Some Rates by Double Digits


quote:

my 2011 premiums were $82.76 my 2012 premiums were $108.35 my 2013 premiums are around $120


My 2004 premiums were $32, my 2008 premiums were $63.

Why does everyone act like everything would've been just fine without Obamacare?

How much would our rates be going up without Obamacare? That's the issue that no one seems to be addressing.






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DEANintheYAY
USA Fan
LEFT COAST
Member since Jan 2008
30736 posts

re: Health Insurers Raise Some Rates by Double Digits


Rates go up every year. The fact that we still have to put up with insurance companies is the real problem not Obamacare.





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LSUgusto
Member since May 2005
16247 posts

re: Health Insurers Raise Some Rates by Double Digits


This really chaps my ass, as leftists are totally unfazed by this. Read liberal websites. They welcome this as a step toward single-payer, and so this is justified pain.

Get that? People losing jobs, struggling to get by, employers working harder with less labor, all that… It’s part of the plan, so suck it up. Liberals want an entitlement and they don’t give a damn what it does to you. They knew Obama couldn’t get single-payer passed, so they settled for sabotage of the system.

Yeah, middle class, these Democrats are really looking out for you! This is in your best interest!!! Greedy dumbasses.






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WildTchoupitoulas
LSU Fan
Member since Jan 2010
14584 posts

re: Health Insurers Raise Some Rates by Double Digits


quote:

This really chaps my ass, as leftists are totally unfazed by this. Read liberal websites

So when the Republicans held the House, the Senate AND the Executive from 2000-2006, why didn't they fix the health care system?






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Bard
LA-Monroe Fan
BR
Member since Oct 2008
15740 posts

re: Health Insurers Raise Some Rates by Double Digits


quote:

How much would our rates be going up without Obamacare?


I knew that was going to be the new retort.

Here's the thing you aren't getting about why letting the government run healthcare is going to drive up prices.

1. Not only do people now have to pay extra taxes to pay for healthcare, we now have to pay extra to fund the massive government bureaucracy needed to run such a governmental endeavor.

2. Basic economics issue... Demand skyrockets, Supply remains the same so something has to give and that something is Price. And it goes up, regardless of political promises that it won't.

3. Nothing, and I mean nothing the government has ever taken over has been made to run more cost-effectively because of government control (hello, Amtrak).

Rates probably would have gone up without Obamacare, but they wouldn't be skyrocketting as they are now because the insurance companies are:

A. Crapping themselves because of the jump in demand
B. Raising prices because they know the government spigot is wide open and they will have little to no problem justifying rate increases

In your example, it took 4 years for your premiums to increase by 2x. Right now we are seeing premium increases of 6x and higher in the same or lesser amount of time. That is NOT progress.






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LSUgusto
Member since May 2005
16247 posts

re: Health Insurers Raise Some Rates by Double Digits


Because they're corrupt pussies. That's one iota better than intentionally inflicting pain because know you can't get what you really want.





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TJG210
LSU Fan
New Orleans
Member since Aug 2006
21596 posts

re: Health Insurers Raise Some Rates by Double Digits


quote:

This was predicted well before the ACA passed but the President and his backers said not only that it wouldn't, but that it couldn't.


There has to be a way for the majority in this country to regain their voice and say hell no to this bullshite, as well as telling the rest to wake the frick up.
And before you say, people voted for this....blah blah blah........they voted for 1 of 2 realistic choices......






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WildTchoupitoulas
LSU Fan
Member since Jan 2010
14584 posts

re: Health Insurers Raise Some Rates by Double Digits


quote:

I knew that was going to be the new retort.

Than you should've had a better response.

quote:

Here's the thing you aren't getting about why letting the government run healthcare is going to drive up prices.

Irrelevant.

I asked you how much costs would've gone up without ACA.

quote:

Rates probably would have gone up without Obamacare, but they wouldn't be skyrocketting as they are now

Link? You should have this readily available due to seeing my "retort" coming...

quote:

In your example, it took 4 years for your premiums to increase by 2x. Right now we are seeing premium increases of 6x and higher in the same or lesser amount of time. That is NOT progress.

And before 2004, rates were going up less - but still going up.

Nice theory, but in 2009 my premium actually went down slightly, and since has only gone up to $68.

So from $2004 to 2008 my rate doubled, but since ACA my rate has only gone up less than 10%.

You seem to be arguing more with emotion than with hard numbers, facts and links.


Wow, do ty'all remember when Hillary wanted to revamp our healthcare system and all the republicans went nuts...? Good times.






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Queen
LSU Fan
383 miles from Death Valley
Member since Nov 2009
2757 posts

re: Health Insurers Raise Some Rates by Double Digits


quote:

So from $2004 to 2008 my rate doubled, but since ACA my rate has only gone up less than 10%.


It's really dumb for us to even try to argue this based on your personal situation. Without knowing details it's impossible to know why your rates are what they are.

1. How old are you?
2. Have you been sick EVER in the last few years? Were you sick from 2004-2008?
3. Have you changed jobs and thus gotten new insurance?
4. How big is your pool that you're insured with?
5. How much were they paying out on your behalf before, did the company change policies?

The list goes on.

At my old job BCBS was honest - they lost $800k on us in 2009 and thus raised our premiums in 2010. At my current job it's a small, young group of healthy people with few dependents among us, yet our rate has jumped 50% and no one can explain why in realistic numbers.






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