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Started By
Message
re: ACA rates
Posted on 5/10/14 at 10:22 am to HubbaBubba
Posted on 5/10/14 at 10:22 am to HubbaBubba
I see several things from your post that you apparently don't understand:
1. The rates you quoted are not the ACA's. The ACA doesn't provide insurance. It's only a set of laws governing how insurance companies must now operate, and delineating the extent to which the Federal government will help consumers.
2. It has always been the case that individual plans from insurance companies are typically quite a bit higher than group rates within employer plans.
3. The rates you quoted are before any available Federal subsidies. More often than not, the net cost to the purchaser is less than the rate quoted on the exchange... in some cases, 100% less.
4. Even if the rates are high on the ACA marketplace website, those still represent an opportunity to get insurance unavailable to many people before the new law.
5. Even if the rates are high on the ACA marketplace website, they are still generally much less than what was available to people with pre-existing conditions before the new law, if they could get insurance at all.
Congratulations on having what seems to be a good employer plan at a reasonable rate. Not everybody is so lucky.
1. The rates you quoted are not the ACA's. The ACA doesn't provide insurance. It's only a set of laws governing how insurance companies must now operate, and delineating the extent to which the Federal government will help consumers.
2. It has always been the case that individual plans from insurance companies are typically quite a bit higher than group rates within employer plans.
3. The rates you quoted are before any available Federal subsidies. More often than not, the net cost to the purchaser is less than the rate quoted on the exchange... in some cases, 100% less.
4. Even if the rates are high on the ACA marketplace website, those still represent an opportunity to get insurance unavailable to many people before the new law.
5. Even if the rates are high on the ACA marketplace website, they are still generally much less than what was available to people with pre-existing conditions before the new law, if they could get insurance at all.
Congratulations on having what seems to be a good employer plan at a reasonable rate. Not everybody is so lucky.
5
Posted on 5/10/14 at 10:23 am to Rex
quote:
the extent to which the Federal government will help consumers.
Posted on 5/10/14 at 10:36 am to Rex
quote:You shouldn't make such broad assumptions. In this case, you are incorrect.
I see several things from your post that you apparently don't understand
My original post had to do with my view that the rates from the insurance companies appear to be predatory and taking advantage of their participation in ACA from a personal experience.
Posted on 5/10/14 at 10:37 am to Rex
quote:
1. The rates you quoted are not the ACA's. The ACA doesn't provide insurance. It's only a set of laws governing how insurance companies must now operate, and delineating the extent to which the Federal government will help consumers.
Wow. So you mean to tell me that the rates have nothing to do with the new set of laws? Is that really what you're trying to say?
quote:
4. Even if the rates are high on the ACA marketplace website, those still represent an opportunity to get insurance unavailable to many people before the new law.
5. Even if the rates are high on the ACA marketplace website, they are still generally much less than what was available to people with pre-existing conditions before the new law, if they could get insurance at all.
In other words, Rex is saying thanks for paying for him to be able to get insurance.
Posted on 5/10/14 at 10:39 am to Rex
quote:
1. The rates you quoted are not the ACA's. The ACA doesn't provide insurance. It's only a set of laws governing how insurance companies must now operate, and delineating the extent to which the Federal government will help consumers.
True
quote:
2. It has always been the case that individual plans from insurance companies are typically quite a bit higher than group rates within employer plans.
Somewhat true.
quote:He may not have been eligible for the subsidy and tax credit. Where does the money come from for the "100%" subsidy?
3. The rates you quoted are before any available Federal subsidies. More often than not, the net cost to the purchaser is less than the rate quoted on the exchange... in some cases, 100% less.
quote:They maybe able be able to get coverage, but they may not be able to get treatment for their condition.
4. Even if the rates are high on the ACA marketplace website, those still represent an opportunity to get insurance unavailable to many people before the new law.
quote:Hooray! Somebody gets their "insurance" paid for by someone else.
5. Even if the rates are high on the ACA marketplace website, they are still generally much less than what was available to people with pre-existing conditions before the new law, if they could get insurance at all.
Posted on 5/10/14 at 11:50 am to Rex
quote:
1. The rates you quoted are not the ACA's. The ACA doesn't provide insurance. It's only a set of laws governing how insurance companies must now operate, and delineating the extent to which the Federal government will help consumers.
So the ACA (the AFFORDABLE Care Act) was put in place to help control the rising costs of medical care (and thus health insurance) but now it magically has nothing to do with those costs?
Then why was it passed in the first place?
This post was edited on 5/10/14 at 11:52 am
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