Dear friends, we told you that you keep your health insurance. We forgot one small detail: it would cost more! But then again you do know quality demands a higher price.
Posted on 04/10/2014 10:40:21 PM PDT by 2ndDivisionVet
The evidence of insurance premiums spiking under the Affordable Care Act continues to mount, with new research from Morgan Stanley showing the highest increases in the individual and group markets in years.
Morgan Stanley’s (MS) health-care analysts conducted a proprietary survey of 148 brokers and found the average increases in the small group market are above 11%, and 12% in the individual market. What’s more, certain states are experiencing premiums five to 10 times higher than last year’s prices. In Delaware, premiums are up by 100% on average while New Hampshire prices were 94% higher.
It’s not yet clear how high premiums will increase in 2015, but Department of Health and Human Services Secretary Kathleen Sebelius admitted in Congressional testimony last month that they would increase, and some analysts are projecting double-digit hikes next year.
The average premium for a mid-tier silver plan in 2014 was $328 per month without government assistance. Subsidies are available for those making up to 400% of the federal poverty level, which is about $45,00 for an individual and $94,000 for a family of four.
The ACA mandates that every individual in the country have insurance by the end of open enrollment period, which passed on March 31, or they will face a fine of $95 a year or 1% of their annual income for failing to comply. The White House granted an extension until April 15 for those still struggling to enroll by the deadline....
(Excerpt) Read more at news360.com ...
I don’t know about other plans, but my Kaiser Permante plan went up between 3% and 4% this year.
That Kaiser plan must be the best. And obviously an exception rather than the rule.
Dear friends, we told you that you keep your health insurance. We forgot one small detail: it would cost more! But then again you do know quality demands a higher price.
You want to be in an HMO! Private health insurance in comparison sucks. Kaiser Permanente is very good value!
I don’t know if your 3% figure has anything to do with it, but a family member got a letter from her union with an itty bitty line at the bottom stating that a 3% tax has been added on for Obamacare.
I can’t say the Affordable Care Act because every time I mention it I’m talking about how much more money it is costing me than when my insurance was “unaffordable”. It’s too galling.
You get less insurance coverage with the dubious privilege of paying more for it. That is what Washington means by being able to keep your policy. Of course its canceled if it doesn’t meet Obamacare quality assurance standards. How lovely!
OK, after reading the article, I’m STILL left wondering, “Why Delaware’s Health-Care Premiums Have Increased by 100%”.
What passes for journalism today would have gotten an F in grammar school essay writing in my youth.
Obama promised reduced health insurance premiums! The MSM is totally oblivious to the irony.
Yes, but she gets an A+ for dragging us in to read the article with a great Title.
They voted for Hoyer.
They deserve what they get.
And he is not the only nutcase lib they voted into office.
Delaware has more than its share of Communists. However, Hoyer is from Maryland, not Delaware.
Tanks for correcting me.
The two states are so similar in their politics that I get them mixed up.
Given Democrat voting SOP, they still might have voted for Hoyer. ;)
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