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When Health Insurance Sticker Shock Meets The 'Death Spiral'
forbes ^ | 9/23/2013 | Merrill Matthews

Posted on 09/24/2013 2:51:55 PM PDT by tobyhill

The ObamaCare mystery question of the day is whether individuals will face higher health insurance premiums next year—and the short answer is many will. But the bigger problem will be in years two, three and four, because some (maybe most) of the health care plans could go into what actuaries derisively call a health insurance “death spiral.”

We are being inundated almost daily with media stories about what will happen to health insurance premiums under ObamaCare. Retired health actuary Mark Litow and I helped initiate that debate with an opinion piece in the Wall Street Journal last January.

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


TOPICS: Extended News; News/Current Events
KEYWORDS: 0carenightmare

1 posted on 09/24/2013 2:51:55 PM PDT by tobyhill
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To: tobyhill

When people moms and dads are denied healthcare because of their age, There will be a revolt.............


2 posted on 09/24/2013 2:54:11 PM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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To: Red Badger
"When people moms and dads are denied healthcare because of their age, There will be a revolt............."

Naw, maybe 30 years ago when the extended family was still somewhat intact. Got to get rid of the Old Folks to free up part time jobs you know.

I believe the ACA is designed to implode and become unworkable so as to usher in a single payor national health system, supported by both parties.

3 posted on 09/24/2013 2:59:03 PM PDT by buckalfa (Tilting at Windmills)
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To: buckalfa
" I believe the ACA is designed to implode"

It could have been much simpler to do just that.

4 posted on 09/24/2013 3:07:07 PM PDT by Paladin2 (h)
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To: Red Badger

I used to ask myself why the people of the Soviet Union put up with all the hardshps they endured and waited in long lines for hours like sheep. I thought Americans would never tolerate such misery caused by government, but now I think otherwise. People will generally go along to get along, no matter how bad things get if they think someone is “taking care” of them. It’s sad.


5 posted on 09/24/2013 3:08:19 PM PDT by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
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To: Paladin2

But the public wasn’t ready for that.


6 posted on 09/24/2013 3:25:25 PM PDT by Kozak ("Send them back your fierce defiance! Stamp upon the cursed alliance! To arms, to arms.....")
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To: Red Badger
When people moms and dads are denied healthcare because of their age, There will be a revolt.............

Most unlikely. When grandma gets off'd by the death panels, Baraq will offer the kiddos some student loan relief chits.

7 posted on 09/24/2013 3:26:55 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
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To: buckalfa
Got to get rid of the Old Folks to free up part time jobs you know.

The REAL reason is improving the financials of SocSec and Medicare. Every year sliced off the life expectancy by the Death Panels is HUGE in the numbers.

8 posted on 09/24/2013 3:28:30 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
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To: tobyhill

Just got my Medicare part D today, went down 7 bucks a month.
All hail Caliph Baraq!


9 posted on 09/24/2013 3:30:45 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
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To: Paladin2; buckalfa
It could have been much simpler to do just that.

The concept is that it is designed to implode and the people will demand something better. With government pablum en spoon, the liberals will have an answer and we will all be eternally grateful and beholden.

In other words, single payer will be "our" idea, not the government's.(I used to be in sales and have used the "let them have my idea" concept many times.)

10 posted on 09/24/2013 3:39:07 PM PDT by llevrok ("It's a beautiful thing, the destruction of words....." - Geo. Orwell)
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To: Kozak
I'd guess that the K Street folks saw an opportunity to seriously milk the system for a few years in the interim.

After all they wrote the sucka.

11 posted on 09/24/2013 3:48:26 PM PDT by Paladin2 (h)
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To: buckalfa

[[ ACA is designed to implode and become unworkable so as to usher in a single payor national health system, supported by both parties.]]

Bingo! You are correct. Socialism isn’t built in a day. First you must cut off the heads of the evil rich, whether they be Marie Antoinette or farmers in the Ukraine or insurance companies.


12 posted on 09/24/2013 4:27:41 PM PDT by heye2monn
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To: llevrok

The way government is blowing this one right now makes me skeptical that people will clamor for the government to take over the whole system lock, stock, and barrel.

There isn’t going to be a person in this nation who isn’t adversely affected by ACA or who doesn’t know someone else who has been adversely affected.

I think it would be a very hard sell making the point that, “we didn’t do it well when we controlled only a portion of the health care delivery system - so now let us take over every aspect of it.”

The response will likely be, “you have to be out of your frigging mind”.


13 posted on 09/24/2013 7:17:18 PM PDT by randita
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To: Pining_4_TX

I think people in the former USSR put up with it because they were survivors. To question was to court a prison sentence or death. Anyone who voiced criticism was denounced, so were their families and friends. People were summarily sent to remote areas to be worked to death and live in conditions we believe to be cruel and inhumane if applied to dogs. People disappeared.

It isn’t greed or gratitude. It is fear and hard, cold pragmatism.

I remember a black conservative being manhandled by a rent-a-cop at a political event saying:”This is America.” and the rent-a-cop replied:”Not any more it isn’t.”

Anyone with street smarts keeps their head down and tries not to attract attention because they see what happens to anyone who does.


14 posted on 09/24/2013 8:13:53 PM PDT by reformedliberal
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To: randita

People are not blaming zer0 or the donks. People are blaming greedy hospitals and doctors and insurance companies and Republicans. When people criticize *government*, they mean House GOP and conservatives.

Everyone thinks they should get a subsidy and celebrates when a *rich* person (someone with an income and some assets)is hurt.


15 posted on 09/24/2013 8:18:39 PM PDT by reformedliberal
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To: reformedliberal

There’s enough blame to go all around but the rules people are angry about are a result of the DEMOCRAT passed law.

When people enroll in the federal exchanges and the premiums are higher, I think they’ll be angry at the government.

When people in the exchanges are limited to only a handful of doctors and pharmacies which will necessitate changing doctors and long waits for appointments, I think they’re going to blame government.

When their employers tell them that because of ACA rules and regulations, health insurance can no longer be provided, I think they’ll blame government.

Some people will blame Republicans for everything, but realistically how delusional is it to blame Republicans for the changes when NOT ONE Republican voted for the act?

I can’t wait to see how fast and far Democrats run from town meetings next election cycle. They hid in 2010 after they voted for ACA. That IS going to be the big issue in 2014, just like it was in 2010 (and we know how that turned out).


16 posted on 09/25/2013 4:56:11 AM PDT by randita
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To: buckalfa
I believe the ACA is designed to implode and become unworkable so as to usher in a single payor national health system, supported by both parties.

That is correct. That is why the GOP-E are so intent on getting it started now. Follow the money...............

17 posted on 09/25/2013 6:12:49 AM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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