Wait until you’re on single-payer like we are.
I predict rates will go up. Just like they always have.
That’s the whole idea. Price everyone out of the market so they demand single payer. Make all the doctors and nurses employees of fedzilla so the idiot quack can earn the same as a skilled physician.
Here ‘ya go (link if you want it: http://healthpolicyandmarket.blogspot.com/2015/06/the-king-v-burwell-decision.html):
Does this mean that Obamacare has cleared its last major hurdle?
Not a chance.
Obamacare has only enrolled about 40% of the subsidy eligible market in two years worth of open enrollments. That level of consumer support does not make Obamacare either financially sustainable or politically sustainable. The surveys say the 40% who have enrolled like their plans. Of course they do, they are the poorest with the biggest subsidies and the lowest deductibles. The working and middle-class have most often not signed up for Obamacare because it costs too much and delivers too little.
That Obamacare is not financially sustainable is evidenced by the first wave of big 2016 rate increases by so many large market share insurers. The next wave of rate increases a year from now will also be large and will be in the middle of the 2016 election.
These rate increases will further undermine the political sustainability of the law that has been reflected in five years of polling.
Part of what will constrain premium increases it the medical-loss ratio provision. Basically 85% of premiums must be used for health care costs, only 15% can be used for administration and profit. If the insurance companies charge too much and don’t use it to pay for medical costs, it gets refunded back to the participants.
The working subsiding the poor and the lazy, the healthy subsidizing the sick, $19 trillion in debt this is a catastrophe in the making.....
Catie bar the door! The SCOTUS has jumped the political shark and we must all fear the outcome.
If you want to see how much insurance companies are trying to raise rates for next year go here:
https://ratereview.healthcare.gov
Click on Search ACA-Compliant Products
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Enter: 01/01/2016 and 12/31/2016