Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare | TigerDroppings.com
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NC_Tigah
LSU Fan
Member since Sep 2003
56512 posts

Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare

quote:

Frank McCauley, Aetna’s executive vice president of commercial (non-government) business, had earlier noted that Aetna did not expect many small businesses to participate in the exchanges, because the cost of insurance on the exchanges would be quite high.

2014 non-group premiums to increase 20-50 percent on average

“Premium rate shock for 2014,” responded Bertolini, “absent subsidies and everything else, is going to be in the neighborhood of 20 percent to 50 percent. And we’re going to see some markets [and] in sub-segments in some markets go as high as 100 percent.”

As I’ve noted before, there are a number of ways in which Obamacare drives up the cost of insurance in the individual market—the market for people who buy insurance for themselves, instead of getting it through the government or their employer.

Most important of these are: (1) the “minimum actuarial value” requirement that forces insurers to provide more financially generous coverage with fewer co-pays and deductibles; (2) the “community rating” provision that forces younger beneficiaries to pay far more for insurance in order to partially subsidize older beneficiaries; (3) the “guaranteed issue” provision that forces insurers to take all comers, even if they are already sick; and (4) the “essential health benefits” mandate that forces insurers to cover health-care services that many customers wouldn’t otherwise want to pay for.

“Just one piece alone, more than half of the U.S. public [in the individual insurance market] is in a plan at 50 percent or lower actuarial benefit. If you go up to 60 percent, as required by law, you’ve got a huge bump already,” Bertolini noted. “And this is the reason why you’re seeing such pressure between the states and the federal government on exchanges. Whose exchange do you want to show that price increase on? And surely, the federal government doesn’t want to show that. So I think this is going to be a big debate. And as Frank mentioned earlier, we’re putting these things through into rate increases and we’re getting them through the regulators. So I think that is going to be the big story for 2014, as these rates start going to the market, probably the latter part of this year, 2013.”

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wickowick
LSU Fan
Head of Island
Member since Dec 2006
26470 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
Forward...


wickowick
LSU Fan
Head of Island
Member since Dec 2006
26470 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
Forward...


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wickowick
LSU Fan
Head of Island
Member since Dec 2006
26470 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
Forward...


pleading the fifth
New Orleans Pelicans Fan
Member since Feb 2006
2146 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
First logical step to universal health care (government single payer system). This plan was doomed to fail/succeed from the start, depending on your viewpoint.


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mograyback
Missouri Fan
Member since Jul 2011
7102 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
quote:

wickowick



Hattrick.


wickowick
LSU Fan
Head of Island
Member since Dec 2006
26470 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
I think my air card was changing cell towers...


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Elcid96
LSU Fan
Member since May 2010
5443 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
Nobody cares when it isn't their money!!

If anyone was dumb enough to think that the price was going to climb they were kidding themselves.

So more expensive healthcare more taxes and more entitlements! Sweet Forward!!


ShoeBang
New Orleans Pelicans Fan
Member since May 2012
4677 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
i only pay $16 per month for my healthcare. I assume I better enjoy it while I can.

frick you Hussein Obama


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HonoraryCoonass
LSU Fan
Member since Jan 2005
6423 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
I'm pretty sure Obama said premiums for most people would go down, so this article is obviously wrong.


DeltaDoc
LSU Fan
The Delta
Member since Jan 2008
9795 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
Progressive response?

I have noticed, as opposed to denying what we have been predicting since before it was passed, the progressives now just say that it is still good because it gets us closer to single payer. They completely ignore all of the lies directly out of Obama's mouth the the public in the process. It is truly disgusting.


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
18064 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare


This is why they are never wrong, intentions are all that matter, never results.


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udtiger
LSU Fan
Louisiana
Member since Nov 2006
28407 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
Obviously lying. This is NOT what was promised.


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Chimlim
LSU Fan
Baton Rouge, LA
Member since Jul 2005
11869 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
But Obama assured us he could make all the mandates he wants with health insurance companies without affecting our premiums.


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prplhze2000
LSU Fan
Parts Unknown
Member since Jan 2007
32650 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
They voted for this. Let them learn the hard way.


Jake88
George Mason Fan
LSU/Saints Fan
Member since Apr 2005
11008 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
The liberals are not ignoring the lies they appreciate them as useful instruments to grow the state. Their only morality is that which furthers the state.


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CajunAngele
LSU Fan
Member since Oct 2012
15170 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
Obama has depressed America into a depression.

It is truly sad.


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TJG210
LSU Fan
New Orleans
Member since Aug 2006
22921 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
quote:

They voted for this. Let them learn the hard way.


Exactly......I can't wait until the first person who voted for odummy complains about this. Maybe this will spur people to actually care about the elections in 2014 and vote these a-holes who voted for it out.

Hopefully this will also help Louisiana kick mary to the curb. People absolutely cannot forget the way she sold out Louisiana, and the cowardice she displayed in doing so.
This post was edited on 12/21 at 9:22 am


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ehidal1
Rice Fan
Chief Boot Knocka
Member since Dec 2007
20335 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
NC- How do you see this (along with potential single payer) affecting the hospital industry? I work for a for profit hospital company and can only imagine that an eventual government takeover would destroy this company, or at least force it to non-profit (not sure how that would work).


davesdawgs
Georgia Fan
Georgia - Class of '75
Member since Oct 2008
19395 posts

re: Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare
quote:

Experts anticipate a 20%-50% rise in 2014 health care premiums due to Obamacare


Where were these experts BEFORE the election?


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