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Insurers predict 100%-400% Obamacare rate explosion
Washington Examiner ^ | 5/13/13 | Paul Bedard

Posted on 05/13/2013 7:02:31 PM PDT by Nachum

Internal cost estimates from 17 of the nation´s largest insurance companies indicate that health insurance premiums will grow an average of 100 percent under Obamacare, and that some will soar more than 400 percent, crushing the administration´s goal of affordability. New regulations, policies, taxes, fees and mandates are the reason for the unexpected "rate shock," according to the House Energy and Commerce Committee, which released a report Monday based on internal documents provided by the insurance companies. The 17 companies include Aetna, Blue Cross Blue Shield and

(Excerpt) Read more at washingtonexaminer.com ...


TOPICS: Culture/Society; Government; News/Current Events
KEYWORDS: 0carecostsexplode; 0carenightmare; defundobamacare; explosion; insurers; obamacare; obamacarecarecosts; obamacarepremiums; rate; repealobamacare
And we wonder why the DHS is training with civilian targets.
1 posted on 05/13/2013 7:02:31 PM PDT by Nachum
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To: Nachum

Thanks Barry! You da man! Now KMA!!!


2 posted on 05/13/2013 7:04:10 PM PDT by FlingWingFlyer (If you think ObamaCare is a train wreck, wait until you see the amnesty bill.)
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To: Nachum
New regulations, policies, taxes, fees and mandates are the reason for the unexpected "rate shock,"...

ROTFLOL

3 posted on 05/13/2013 7:06:49 PM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Navy Patriot

Actually it’s more like, “Planned” rate shock.


4 posted on 05/13/2013 7:07:49 PM PDT by Nachum (The Obama "List" at www.nachumlist.com)
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To: Nachum

I thought this was the plan, creating a “hugh” and cry for single payer.


5 posted on 05/13/2013 7:08:09 PM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: Nachum

All according to plan. Federal government to the rescue. There will be no repeal. Just more taxes and less money for other functions of government. America is dying.


6 posted on 05/13/2013 7:08:13 PM PDT by SC_Pete
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To: Nachum

All part of the plan..


7 posted on 05/13/2013 7:09:22 PM PDT by cardinal4 (Skip impeachment and move straight to deportation..)
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To: Nachum
"And we wonder why the DHS is training with civilian targets."

The Rats will blame GOP Congressional obstructionism and Republican governors. They will then offer full government, single payer, health care to save the day and 2014 will be the battleground to see if the big lie and destruction of US health care will be a winning election strategy.

8 posted on 05/13/2013 7:10:08 PM PDT by Truth29
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To: Nachum

That’s why they call ‘em Useful Idiots, ‘cause you can plan on stupidity.


9 posted on 05/13/2013 7:12:43 PM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: Nachum

snort

especially the pregnant woman target


10 posted on 05/13/2013 7:15:37 PM PDT by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: Still Thinking

Single payer, then single provider since most private hospitals will be put out of business by that single payer.


11 posted on 05/13/2013 7:17:58 PM PDT by palmer (Obama = Carter + affirmative action)
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To: Nachum
As long as the feral government gets to be in charge.

That's all that matters.

12 posted on 05/13/2013 7:25:41 PM PDT by E. Pluribus Unum (Islam is a religion of peace, and Moslems reserve the right to detonate anyone who says otherwise.)
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To: Nachum

Is this the old spike or a brand new one? /s


13 posted on 05/13/2013 7:31:12 PM PDT by stocksthatgoup (Buy stocks that go up. If they don't go up, don't buy them.)
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To: Nachum

The whole law is a death to private heath care by a thousand small slices. A slow, suffering death


14 posted on 05/13/2013 7:39:00 PM PDT by llevrok (2013: - Obama vs America. The new cold war)
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To: Nachum

We got notice today from HR to expect 104-116% increase...


15 posted on 05/13/2013 7:40:08 PM PDT by ImaGraftedBranch (...By reading this, you've collapsed my wave function. Thanks.)
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To: Nachum

In a sane world, this would mean politcal death at mid-terms.


16 posted on 05/13/2013 7:47:54 PM PDT by One Name (Ultimately, the TRUTH is a razor's edge and no man can sit astride it.)
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To: Nachum

bookmark


17 posted on 05/13/2013 7:48:10 PM PDT by GOP Poet
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To: Nachum

It is what a majority of voters said they wanted.


18 posted on 05/13/2013 7:50:50 PM PDT by sport
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To: Still Thinking
I thought this was the plan, creating a “hugh” and cry for single payer.

It's gonna create Henry Bowmans.

19 posted on 05/13/2013 7:54:10 PM PDT by Doomonyou (Let them eat Lead.)
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To: Nachum

My Aetna EPO plan for myself, wife and one child is $16,800 per year. That’s through my employer. Last year it was $11,000 and the year before that it was $8500. And now it is not 100% it is 90/10. I went for the “cheap” PPO; that’s only $8,000 a year and it’s 80/20.
Just gets better and better.


20 posted on 05/13/2013 8:07:19 PM PDT by calljack (Sometimes your worst nightmare is just a start.)
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To: Nachum
Bending the cost curve...right up your rear end!

I was always doubtful of the claims which were made that simply covering the formerly un-covered would achieve great savings through getting people to stop making emergency room visits for removal of splinters or treatment of the common cold. The other component of justification was that covering everyone would give great benefits to the system as a whole, since folks with chronic and largely avoidable long terms problems (e.g., diabetes) are much cheaper to treat preventatively (e.g., $2,000/year for $40 years, vs. 150K/year for last 4 years of life.) These arguments are intuitively appealing, but may not hold in application. In fact I doubt they will. There is a vast uninsured population today, which, given free or heavily subsidized health care tomorrow, will consume an enormous amount of it. Which will drive costs through the roof.

No Republicans voted for Obamacare. They need to resist the temptation to make corrections or mid-course fixes on this disaster. Let it crash and burn, and make sure you say “I told you so!” This needs to be a painful object lesson to the low information voters.

21 posted on 05/13/2013 8:09:22 PM PDT by Wally_Kalbacken
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To: Navy Patriot
New regulations, policies, taxes, fees and mandates are the reason for the unexpected "rate shock,"...

These media idiots think they are protecting the administration from embarrassment, but really all they are doing is highlighting how incompetent they are. Sure, unexpected things happen now and then, but when virtually everything you do has "unexpected" results, it's time to consider that maybe you don't know your ass from a hole in the ground.
22 posted on 05/13/2013 8:14:22 PM PDT by fr_freak
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>> 100%-400% Obamacare rate explosion

Nice going, ya’ Marxist douche bag.


23 posted on 05/13/2013 8:15:12 PM PDT by Gene Eric (The Palin Doctrine.)
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To: Nachum

And the IRS will play a huge roll in all of this.


24 posted on 05/13/2013 8:16:01 PM PDT by Balata (*)We came unarmed (last time)
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To: Gene Eric

I don’t know who I hate more, Obama or John Roberts on the SCOTUS.


25 posted on 05/13/2013 8:23:10 PM PDT by flaglady47 (When the gov't fears the people, liberty; When the people fear the gov't, tyranny.)
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To: ImaGraftedBranch

I have never understood the math on this. 100% is 1... If your premium is 1000, then 1000*1 is still 1000. If they mean it will double, why don’t they just say that, or 204% - 216%?

I get that they say it is increasing by that much, it just seems as though it would be more succinct to say that your premiums will be 2.04 to 2.16 times greater than they are now.

Maybe I’m looking at this the wrong way...


26 posted on 05/13/2013 8:37:17 PM PDT by jurroppi1
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To: sport
It is what a majority of voters said they wanted.

I hear your cynicism, but rat voters had no idea that the liberal congress critters they love and trust, would put a plan in place that would raise their health care rates 100 - 400%.

The Dems and Obama sold them on the idea that this act would make their health care more affordable. Now they get to "see what's in it", and boy, are they going to be pissed.

27 posted on 05/13/2013 8:41:36 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: jurroppi1
I have never understood the math on this. 100% is 1... If your premium is 1000, then 1000*1 is still 1000. If they mean it will double, why don’t they just say that, or 204% - 216%?

new_premium = old_premium + (old_premium * percent_growth)
$16000 = $8000 + ($8000 * X)
$8000 = $8000 * X
1 or 100% = X

28 posted on 05/13/2013 8:54:47 PM PDT by Rightwing Conspiratr1
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To: Rightwing Conspiratr1

I get the way you state it and what is meant, I guess it seems an imprecise way to state it. I still think it would be much easier to state an increase of 2X (old premium is 8,000, new premium is x2 or 8,000*2= 16,000) - after all, it is at least doubling.


29 posted on 05/13/2013 9:01:26 PM PDT by jurroppi1
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To: jurroppi1; Rightwing Conspiratr1

Does this also mean that an increase of 400% would then mean an 8,000 policy would actually now be 40,000 (8,000 + (8,000*4))?

That would be more simply stated as “new premiums will be 2-5 times greater than they currently are”.

Like I said, this might just be a funny hang-up of mine as to how things of this nature are stated and the intent of the statement.


30 posted on 05/13/2013 9:08:01 PM PDT by jurroppi1
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To: jurroppi1

Affordable health care means it will cost absolutely the most you can possibly afford except for those who get horrible care for free.


31 posted on 05/13/2013 9:16:06 PM PDT by shineon
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To: Windflier

DIMocRAT voters deserve every bad consequence they get. Bwaaaaaahahaha! Morons.


32 posted on 05/13/2013 11:16:05 PM PDT by ogen hal (First amendment or reeducation camp?)
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To: shineon
"Affordable health care means it will cost absolutely the most you can possibly afford except for those who get horrible care for free."

No doubt! I also get that the operative word in the equation is increase, I just don't like the method of conveyance I guess - again, it's my hang-up.

33 posted on 05/14/2013 6:48:41 AM PDT by jurroppi1
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To: jurroppi1

Yes, a 400% increase would be 5 times the original premium.
Or you might say premiums would quintuple. You could state it several ways. More often you use percentages for smaller amounts. If your premium went from $8000 to $10000, you probably use “premiums increased 25%” rather than “premiums increased by 1.25”.


34 posted on 05/14/2013 8:17:12 PM PDT by Rightwing Conspiratr1
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To: Rightwing Conspiratr1
Yeah, I did do some digging around and noticed the operative word in the equation is increased by x%.

Purely my dislike of the method of conveyance here and the idea that items of this nature are "normally" conveyed by stating smaller increases as a percentage and larger increases (100% and up) as a multiple. What can I say, I'm a bit odd that way, maybe old fashioned in a sense.

35 posted on 05/14/2013 8:22:21 PM PDT by jurroppi1
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To: Nachum

“Unexpected.” Where have we heard this before?


36 posted on 05/14/2013 8:25:47 PM PDT by kevao (.)
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To: calljack

Yeah - what do they mean “PREDICT”!!???

Just looked in early 2009 it was $328/mo ($3936/yr) for a family of five, bare bones coverage.

Now it is $1048/mo ($12,576/yr) coverage, still bare bones, high deductible. That’s over 3x as much. Never get to the deductible.

Although we are covered now for abortions, so there’s that.


37 posted on 05/14/2013 8:27:36 PM PDT by 21twelve ("We've got the guns, and we got the numbers" adapted and revised from Jim M.)
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To: Nachum

My husband attended a training session today that talked about Obamacare. He said that employers will no longer have to include spouses in health insurance coverage, just children. Spouses will not be considered to be dependents.

Looks like another way to force moms into the workforce. I am “Grandma on call” and haven’t worked for years. How could I ever find a full-time job with benefits now? This is scary stuff.


38 posted on 05/14/2013 9:49:17 PM PDT by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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To: Nachum
Premera-Blue Cross in Washington State announced that some premiums will go down and others up.

Premera Blue Cross currently offers individual plans for 21-year-old non-smokers at a monthly cost of $325, with a deductible of $1,800. In the exchange, that same person in King County could purchase a similar Premera plan with a lower deductible at a rate of $276 — a decrease of 15 percent.

and

Some could face larger increases: A 60-year-old under a LifeWise plan with a $2,500 deductible would pay $674 a month — an increase of 29 percent compared to a current LifeWise plan with a similar deductible. However, that person would get added prescription drug coverage under the newer, more expensive plan.

Naturally, I am almost 60 and so will get the "up" rate.

39 posted on 05/14/2013 9:58:47 PM PDT by steve86 (Acerbic by Nature, not NurtureĀ™)
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To: Nachum

Front door asset search and seizurre by the Bailout Babies of 2008, Aetna is NOT as “health” insurance company, it IS a Life Insurance Company, and all of the so called “financial instruments”.


40 posted on 05/14/2013 10:28:23 PM PDT by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: Varsity Flight
Front door asset search and seizure by the Bailout Babies of 2008, Aetna is NOT as “health” insurance company, it IS a Life Insurance Company, and all of the so called “financial instruments”.
41 posted on 05/14/2013 10:29:23 PM PDT by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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