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Started By
Message
Healthcare premiums show sharpest increases perhaps ever, since Obamacare
Posted on 4/8/14 at 8:11 am
Posted on 4/8/14 at 8:11 am
quote:
Health Plan Premiums Are Skyrocketing According To New Survey Of 148 Insurance Brokers, With Delaware Up 100%, California 53%, Florida 37%, Pennsylvania 28%
quote:
Health insurance premiums are showing the sharpest increases perhaps ever according to a survey of brokers who sell coverage in the individual and small group market. Morgan Stanley’s healthcare analysts conducted the proprietary survey of 148 brokers. The April survey shows the largest acceleration in small and individual group rates in any of the 12 prior quarterly periods when it has been conducted.
The average increases are in excess of 11% in the small group market and 12% in the individual market. Some state show increases 10 to 50 times that amount. The analysts conclude that the “increases are largely due to changes under the ACA.”
quote:
For the individual insurance market (plans sold directly to consumers); among the ten states seeing some of the sharpest average increases are: Delaware at 100%, New Hampshire 90%, Indiana 54%, California 53%, Connecticut 45%, Michigan 36%, Florida 37%, Georgia 29%, Kentucky 29%, and Pennsylvania 28%.
For the small group market, among the ten states seeing the biggest increases are: Washington 588%, Pennsylvania 66%, California 37%, Indiana 34%, Kentucky 30%, Colorado 29%, Michigan 27%, Maryland 25%, Missouri 25%, and Nevada 23%
LINK
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Posted on 4/8/14 at 8:16 am to Alahunter
Isn't it good to know that during this fundamental transformation that people who once didn't qualify for health insurance do now. The only problem - they can't afford it. Maybe ACA should be renamed UCA.
Posted on 4/8/14 at 8:16 am to Alahunter
Yeah but you see those were all substandard policies
Posted on 4/8/14 at 8:19 am to Alahunter
So these are the new rates coming down the pipe and not last years already announced rates, correct?
Posted on 4/8/14 at 8:19 am to Alahunter
Yeah, but everybody's supposed to just focus on the 7 million"new" people who signed up for Obamacare. Don't rain on the victory parade, bro.
MISSION ACCOMPLISHED!!!!
MISSION ACCOMPLISHED!!!!
Posted on 4/8/14 at 8:20 am to Alahunter
Just read the same piece on finance.yahoo
quote:
Premiums on exchange plans are also likely to increase next year. The Hill reported that industry insiders are expecting premium prices to increase significantly—in some states by as much as 300 percent—all depending on a combination between the final mix of enrollees and new taxes imposed under the new law.
Whether those increases will be substantial is still unclear, however, as some insurers are still accepting enrollment applications through April. Companies will be submitting their prices for next year and rates won’t be announced until the fall.
Posted on 4/8/14 at 8:20 am to wickowick
Correct. There was a different survey done in January. This one was done since then and covers the first 3 months of this year.
Posted on 4/8/14 at 8:22 am to Alahunter
Prepare thy anus this fall.... People gonna get fricked in the A
Posted on 4/8/14 at 8:28 am to Alahunter
quote:As sign up numbers and age demographics came nowhere near actuarial predictions, further rate changes next fall should be very interesting.
Correct. There was a different survey done in January. This one was done since then and covers the first 3 months of this year.
Posted on 4/8/14 at 8:29 am to Alahunter
quote:
Health insurance premiums are showing the sharpest increases perhaps ever according to a survey of brokers who sell coverage in the individual and small group market. Morgan Stanley’s healthcare analysts conducted the proprietary survey of 148 brokers. The April survey shows the largest acceleration in small and individual group rates in any of the 12 prior quarterly periods when it has been conducted.
The average increases are in excess of 11% in the small group market and 12% in the individual market. Some state show increases 10 to 50 times that amount. The analysts conclude that the “increases are largely due to changes under the ACA.”
Are they comparing equal plans?
Posted on 4/8/14 at 8:31 am to SpidermanTUba
Better, tailored plans were cheaper. Generic, less coverage, unwanted plans are the increases.
This post was edited on 4/8/14 at 8:31 am
Posted on 4/8/14 at 8:33 am to SpidermanTUba
Here comes tuba to reflect on behalf of his brotha.....
Posted on 4/8/14 at 8:33 am to Alahunter
when he said an average $2,500 savings,
Obama must have forgotten the "-" sign.
Obama must have forgotten the "-" sign.
Posted on 4/8/14 at 8:33 am to Alahunter
Blame the insurance company greed or better yet I blame the pussification of Obamacare for allowing these cost increases. If their was a single payer system, then we wouldn't have this discussion. But, the current system allows the Insurance Companies to run wild still.
Posted on 4/8/14 at 8:33 am to KCT
quote:
Here comes tuba to reflect on behalf of his brotha.....
Maybe he'll post another false picture/story about Zimmerman in this thread
Posted on 4/8/14 at 8:36 am to SpidermanTUba
quote:
Are they comparing equal plans?
my current plan is almost exactly like my older plan and it's essentially double the monthly cost
i am getting fricking fricked
Posted on 4/8/14 at 8:37 am to JEAUXBLEAUX
quote:
If their was a single payer system, then we wouldn't have this discussion
how?
single payer is just a large insurance system. the costs are the costs.
Posted on 4/8/14 at 8:38 am to JEAUXBLEAUX
I 100% blame Democrats for this. If they truly wanted to reform healthcare, they'd have opened up state lines and allowed competition. They are solely responsible for the added costs to insurance companies, to the taxpayers. And a vast majority are still too stupid to realize it, because the Tina Fey's and Jon Stewart's are their truth and news sources.
This post was edited on 4/8/14 at 8:39 am
Posted on 4/8/14 at 8:39 am to SlowFlowPro
quote:
single payer is just a large insurance system. the costs are the costs.
Yup, it would just be a shell game... Instead of people paying increased premiums, they would pay increased taxes to subsidize the others.
Posted on 4/8/14 at 8:41 am to Lsut81
quote:
Prepare thy anus this fall.... People gonna get fricked in the A
Just in time for the mid terms.
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