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Message
First Obamacare Premium Notices For 2015 Show Double Digit Increases
Posted on 5/15/14 at 10:01 am
Posted on 5/15/14 at 10:01 am
quote:
5/15/2014 @ 9:31AM
First Obamacare Premium Notices For 2015 Show Double Digit Increases
The first Obamacare rate increases for 2015 have been posted on-line. The figures come from two states, Washington State and Virginia, which posted the proposed rate increases for their exchanges on-line. In Washington State, the enrollment-weighted average rate increase is 9.6%. In Virginia, it’s 11.7%. . . .
The health plan Centene, for example, which has enrolled 17% of consumers entering the Washington State exchange, is raising its 2015 rates by 11.2%. This puts the health plan toward the high end of the range. In Washington State, most of the plans offering products next year are the same insurers in the market this year. In all, there are only four new entrants in the state’s exchange market for 2015.
In Virginia, the highest premium hike is courtesy of Humana, which is proposing to raise its premiums by 22.4% next year. Wellpoint is seeking an increase of 8.5%. Aetna, which also participates in the state’s exchange, hasn’t posted its rates yet. Only two new plans will be entering the Virginia market next year.
LINK
Posted on 5/15/14 at 10:02 am to NC_Tigah
will they just increase the subsidy to cover the cost?
Posted on 5/15/14 at 10:03 am to NC_Tigah
But what are the lifetime limits?
Posted on 5/15/14 at 10:07 am to Mr.Perfect
quote:
will they just increase the subsidy to cover the cost?
you're catching on as to why this is a fiscal disaster
Posted on 5/15/14 at 10:08 am to Mr.Perfect
quote:
will they just increase the subsidy to cover the cost?
Sarcasm meter [ON] OFF
Posted on 5/15/14 at 10:09 am to NC_Tigah
So, those $2500 cost savings, so vigorously promised by Obama, are going the way of the dodo bird?
This post was edited on 5/15/14 at 10:10 am
Posted on 5/15/14 at 10:12 am to Truckasaurus
quote:
poorer folks and folks with pre-existing conditions can afford it
No they can't. Not without sticking their hands in someone else's pocket
Posted on 5/15/14 at 10:12 am to NC_Tigah
quote:
First Obamacare Premium Notices For 2015 Show Double Digit Increases
unfortunately obamacare does absolutely nothing to address the increase in premiums. The only way you are going to get healthcare costs done are to ration healthcare, and I don't see that being particularly popular.
Posted on 5/15/14 at 10:16 am to Truckasaurus
But this guy told us that we'd save $2,500 on premiums, that it would rein in spiraling costs, that we could keep our health plan, that we could keep our doctor.
That's the difference. It was supposed to be BETTER than before.
That's the difference. It was supposed to be BETTER than before.
Posted on 5/15/14 at 10:16 am to Truckasaurus
quote:
That's the rate they were growing before Obamacare too!!!
That link has nothing but a graph with no info and it is 3 years old...
Posted on 5/15/14 at 10:17 am to NC_Tigah
I can't imagine why costs would rise. The democrats have told us a thousand times this simply will not occur.
Posted on 5/15/14 at 10:18 am to Clete Purcel
quote:
It was supposed to be BETTER than before.
for many people it is better than before, especially those that can get coverage due to pre-existing conditions.
Posted on 5/15/14 at 10:19 am to Truckasaurus
quote:
My gosh!!!!
That's the rate they were growing before Obamacare too!!!
LINK /
Great link.
Posted on 5/15/14 at 10:20 am to Hawkeye95
quote:What can't be sustained wont be. Popularity wont matter.
The only way you are going to get healthcare costs done are to ration healthcare, and I don't see that being particularly popular.
Posted on 5/15/14 at 10:21 am to wickowick
quote:
That link has nothing but a graph with no info and it is 3 years old...
LINK
Sorry. Didn't mean to link to just the graph.
The point is, health care premiums raising in the double digits in a single year is not surprising. It will be more interesting to see long term growth in cost compared to one year (also, more states to compare to will be interesting).
Posted on 5/15/14 at 10:23 am to UncleFestersLegs
You guys have to be patient. Janitors are going to take a three hour course and become surgeons. We are also going to recruit the best doctors from third world countries to come over. It is a temporary supply and demand issue.
Posted on 5/15/14 at 10:24 am to Mr.Perfect
quote:
will they just increase the subsidy to cover the cost?
quote:
Rate increases won't affect people whose plans are heavily subsidized. Eighty-five percent of enrollees received some sort of premium assistance, which will keep their payments a certain percentage of their income. As long as their income stays the same, rate increases won't affect them personally. However, they will affect the 15 percent of individuals not being subsidized, and American taxpayers, who will pay more for subsidies.
LINK
Posted on 5/15/14 at 10:24 am to Truckasaurus
quote:
Truckasaurus
No they were not! Your link to your own graph shows that.
Please note that the decline in premiums leading up to the passage of the ACA.
Then note after the passing of the ACA.... it jumped up.
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