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Started By
Message
When ACA Is Repealed will Insurance Premiums go down?
Posted on 1/19/17 at 2:01 pm
Posted on 1/19/17 at 2:01 pm
Will they be lowered to pre-obama care times? Will it be hard for these large insurance companies to let revenues drop? I havent kept up with all of the repeal talk so sorry if its already been covered.
17
Posted on 1/19/17 at 2:03 pm to tke857
I don't know, but please enlarge your avi so we can enjoy
Posted on 1/19/17 at 2:03 pm to tke857
No, but Trumpkins can buy their crappy catastrophic policies or go without again.
Posted on 1/19/17 at 2:04 pm to tke857
Part of the replacement aspect will allow for large groups of folks who were uninsured pre-ACA to join pools of other individuals/small businesses to leverage buying power. Couple that with taking down the barriers between states for health insurance, opening up competition, and I don't know how it couldn't.
Posted on 1/19/17 at 2:04 pm to mmcgrath
quote:
No, but Trumpkins can buy their crappy catastrophic policies or go without again.
Why do you hate freedom?
Posted on 1/19/17 at 2:04 pm to tke857
Premiums won't change at all.
Posted on 1/19/17 at 2:04 pm to tke857
It depends on what it's replaced with (since they are saying it will be replaced as it is repealed).
If people are no longer forced to purchase health insurance, then yes the price will go down as the market begins competing once again for customers. If pre-existing conditions are still part of the equation though, don't expect them to drop much (if at all).
If part of the fix is to enact measures to lower the actual cost of healthcare (not insurance) then yes the prices should go down on insurance.
If people are no longer forced to purchase health insurance, then yes the price will go down as the market begins competing once again for customers. If pre-existing conditions are still part of the equation though, don't expect them to drop much (if at all).
If part of the fix is to enact measures to lower the actual cost of healthcare (not insurance) then yes the prices should go down on insurance.
Posted on 1/19/17 at 2:08 pm to tke857
companies can lower prices because they will be able to offer shitty plans with high deductibles and lousy coverages. you get what you pay for.
much is depending on whether the House can actually pass a REPLACEMENT,
if its just repealed millions of people will wish they bothered to vote.
the tricky thing about the ACA was that it required companies to cover people with preexisting conditions - which would be a bad bet.
The Congress should have put the people with horrible preexisting conditions in a medicare pool. let the tax payers eat it if the Congress really wanted to take care of those sick ones. making insurance companies cover them was weird and wrong.
much is depending on whether the House can actually pass a REPLACEMENT,
if its just repealed millions of people will wish they bothered to vote.
the tricky thing about the ACA was that it required companies to cover people with preexisting conditions - which would be a bad bet.
The Congress should have put the people with horrible preexisting conditions in a medicare pool. let the tax payers eat it if the Congress really wanted to take care of those sick ones. making insurance companies cover them was weird and wrong.
Posted on 1/19/17 at 2:09 pm to imjustafatkid
But Mmcgrath loves free stuff. He loves doctors who will be working for free. He loves that insurance companies get free money from the federal government in he form of subsidies.
Insurance companies overall loved the ACA when it started
Insurance companies overall loved the ACA when it started
Posted on 1/19/17 at 2:09 pm to Spaceman Spiff
quote:
I don't know, but please enlarge your avi so we can enjoy
here you go
Posted on 1/19/17 at 2:09 pm to mmcgrath
You're an idiot. I want my catastrophic policy back. It paid 100% after I reached my deductible.
Now I'm paying over $1,000 more per month for a policy with a $3500 deductible.
My family will not and does not spend anywhere near $1000 per month in health costs. I can put a couple months of the $1,000 elevated premium in a HSA and keep the remaining $10,000 in my pocket to save or spend on other things.
It really is very simple and the math works in favor of a catastrophic policy in my world.
Now I'm paying over $1,000 more per month for a policy with a $3500 deductible.
My family will not and does not spend anywhere near $1000 per month in health costs. I can put a couple months of the $1,000 elevated premium in a HSA and keep the remaining $10,000 in my pocket to save or spend on other things.
It really is very simple and the math works in favor of a catastrophic policy in my world.
Posted on 1/19/17 at 2:11 pm to tke857
Allow insurance companies to operate across state lines.
More competition = lower premiums.
More competition = lower premiums.
Posted on 1/19/17 at 2:12 pm to tke857
Not until people start dropping their insurance. What needs to happen once they repeal obama.
They need to open the borders where companies can compete across state lines and then young healthy people all need to drop their coverage for a month and they will scramble to drop the prices in an attempt to get people back on board.
They need to open the borders where companies can compete across state lines and then young healthy people all need to drop their coverage for a month and they will scramble to drop the prices in an attempt to get people back on board.
Posted on 1/19/17 at 2:13 pm to Bard
Why can't we get rid of the preexisting exemption?
It only affects a tiny percentage of the population, yet drives up premiums for everyone.
Throw them in a high risk pool, put them on Medicaid, or tell them to get a job that offers group health (which never excluded for preexisting conditions to begin with).
It only affects a tiny percentage of the population, yet drives up premiums for everyone.
Throw them in a high risk pool, put them on Medicaid, or tell them to get a job that offers group health (which never excluded for preexisting conditions to begin with).
Posted on 1/19/17 at 2:13 pm to TheCurmudgeon
quote:
Now I'm paying over $1,000 more per month for a policy with a $3500 deductible.
Insurance now is basically on over-priced catastrophic policy. mmcgrath doesn't even realize he just said "these people want to pay less for the same coverage they get now," because that's what switching to a cheaper catastrophic plan would be for me. I will never meet the deductible on my family plan unless someone is in a serious accident. That's a catastrophic plan.
This post was edited on 1/19/17 at 2:15 pm
Posted on 1/19/17 at 2:13 pm to CelticDog
I'm not sure why a permutation of the Federal Employees Health Benefit Program isn't an option to consider for folks who didn't have coverage, otherwise. The infrastructure is in place already, and they're in all 50 states. If you came up with a house brand of insurance coverage based on that system, it would make a lot more sense. (At least for the folks who wouldn't have coverage otherwise).
This post was edited on 1/19/17 at 2:15 pm
Posted on 1/19/17 at 2:14 pm to tke857
Yes no hell yes
This post was edited on 1/19/17 at 2:15 pm
Posted on 1/19/17 at 2:14 pm to Bard
quote:
If part of the fix is to enact measures to lower the actual cost of healthcare (not insurance) then yes the prices should go down on insurance.
I think docs would be more willing to negotiate on their rates if there was a streamlined process to bill insurance companies and get those bills paid (or, alternatively, disputes resolved). If reducing these regulatory barriers keeping every state a separate insurance market facilitates this, it might help healthcare prices long-term.
Posted on 1/19/17 at 2:14 pm to BamaScoop
quote:
They need to open the borders where companies can compete across state lines and then young healthy people all need to drop their coverage for a month and they will scramble to drop the prices in an attempt to get people back on board.
I would hope individual policies would go down but idk about group policies.
Posted on 1/19/17 at 2:18 pm to tke857
Possibly in 2018, but open enrollment is going on now and 2017 rates are set against 2016 numbers.
The rates won't go down until high risk folks and those with pre-existing conditions are kicked out of standard health plan enrollments.
The only real changes that will initially happen are that (1) people can go without and (2) those who are without can't run out and buy a policy if they suddenly need one.
The rates won't go down until high risk folks and those with pre-existing conditions are kicked out of standard health plan enrollments.
The only real changes that will initially happen are that (1) people can go without and (2) those who are without can't run out and buy a policy if they suddenly need one.
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