Skip to comments.Obamacare insurance premiums to rise 18 percent next year, analysis finds
Posted on 02/27/2018 7:08:48 PM PST by artichokegrower
Health insurance premiums in California are expected to rise nearly 18 percent in 2019 as a result of federal policy changes enacted by Congress and the Trump administration, according to an analysis released Monday by the Urban Institute left-leaning think tank.
(Excerpt) Read more at sfchronicle.com ...
So Obamacare failed because Americans were not forced to buy health insurance coverage they did not want and other Americans were not forced to pay for health insurance for those who could not afford it. Who could see this system coming apart?
Once Obamacare completely bankrupts you, doesn’t it get cheaper, or do you have to also lose your income?
Obama is a millionaire who was re-elected to the Presidency.
The Clintons are multi-millionaires.
George Soros is a multi-billionaire.
They have all committed awful crimes and yet they all walk around free.
They never gave a rats behind about Americans.
I was sent a benefits package by a potential employer. Among the “benefits” was family heath insurance for $400 a week. But it was Obamacare compliant.
Once you become a ward of the state and have lost everything.
Does anyone know where the massive amount of money we are paying for Obamacare is going. It doesn’t seem that most of it is going for healthcare.
The money goes into the health insurance ‘pot’. You are paying for a larger crowd, who previously didn’t have coverage because they had serious health conditions. Toss on hospital overages...covering costs where people show up with zero coverage and never pay their bill. Then toss on legal situations that hospitals worry about. Then toss on drug profits for the commercial companies.
The problem is that when they said they needed to make it affordable...they skipped about a hundred things to lessen the cost and yearly rises. The basic problems that existed ten years ago....still continue, and impact cost.
My brother noted the newest issue....if you get into a car accident and they call for the air ambulance...that’s a minimum of $12k, and could rise to $40k depending on how far they need to fly you. Most insurance packages have a limit. So you could wake up in the hospital...find out you were flown, and then a month later come to realize that your insurance is only going to cover $10k of that...the rest you pay. This could be a fair chunk of money.
Only eighteen per cent?
Under the Øbamanation’s reign they were going up 25-40 per cent per year.
Trumpenomics at work!
Limiting the exposure of insurance companies is the only way to price it accurately; your car insurance company wouldn’t sell you a policy for $2,000 if they could be forced to pay out $10 million, but that is what is happening to health insurance companies. While they can require co-payments and mandate deductibles, how do they factor in the cost of serious illness/injuries that are basically open-ended in terms of the company’s financial exposure?
Years ago (before ObamaCare) we took one of our children to the hospital for an injury from riding a bike; the insurance company immediately started pressing us to see if there was someone they could sue to recover their cost (which wasn’t very high anyway). On top of that, we’ve created a legal atmosphere where healthcare providers are sued constantly for “missing” something - so they have to test for EVERYTHING; that has a cost as well.
What companies regularly put up big scyscrapers? Insurance. Who lobbies like crazy? Insurance. Who screws you when you have a legit claim? Insurance.
Obamacare is an insurance company federal assistance act.
Just like ethanol is a corporate farmer federal assistance act.
The good news is you don’t have to buy it and won’t get fined...
Looks like Obamacare should collapse under it’s own weight. When I was working,that $1600/month would have been well over half my wages. The plans we had then(pre-Obamacare)were not nearly that expensive,but were still generally unaffordable to most of us. I had health care when I became eligible for Medicare.
I’ve resorted to Medishare. It is what insurance used to be and exempt from the Obamcare mandate. $35 doctor visit copay, no prescription coverage (we use goodrx.com and get a steep discount on generic drugs), no pre-existing condition coverage. Family coverage $438 a month.
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