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Keyword: premium

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  • No Magic in How G.O.P. Plan Lowers Premiums: It Pushes Out Older People

    03/14/2017 12:41:15 PM PDT · by Theoria · 23 replies
    The New York Times ^ | 14 March 2017 | Margot Sanger-Katz
    There are a lot of unpleasant numbers for Republicans in the Congressional Budget Office’s assessment of their health care bill. But congressional leadership found one to cheer: The report says that the bill will eventually cut the average insurance premiums for people who buy their own insurance by 10 percent. House Speaker Paul Ryan pressed that point in a series of appearances Monday night, suggesting that the budget office had found that the House bill would increase choice and competition and lead to lower prices. The Senate majority leader, Mitch McConnell, issued a statement saying, “The Congressional Budget Office agrees...
  • Obama: Hey, only a handful of people are seeing premium increases

    11/03/2016 4:42:26 PM PDT · by Kaslin · 68 replies
    Hot Air.com ^ | November 3, 2016 | ED MORRISEY
    Barack Obama took a break from interfering in FBI investigations today to interfere with reality on ObamaCare. Speaking at a rally in Miami for Hillary Clinton, the president scoffed at Republican promises to repeal ObamaCare, and then insisted that most consumers won’t see premium increases in the exchanges at all. Mediate has the sound bite of that claim, but Obama’s string of nonsense should be read in context for full appreciation of his talents. Scalp micturation level … peak Lebowski, man: Obama - Only ‘ A Handful of People ’ Are Seeing Obamacare Premiums Go Up - 11/3/16 Can I...
  • At Least Six Swing States Face Double-Digit Premium Hikes under Obamacare

    08/16/2016 9:47:25 PM PDT · by HokieMom · 23 replies
    Breitbart ^ | 16 August 2016 | Alex Swoyer
    Double-digit Obamacare premium hikes projected in 2017 may bode in Donald Trump’s favor, as several swing states are being impacted by double-digit increases under the law and consumers are expected to see the hikes around Nov. 1 — one week before heading to the polls. Trump has promised to repeal and replace Obamacare, but Hillary Clinton has vowed to make the Obamacare exchanges work. Some say the way she would do that is through raising taxes.
  • Long-Term Health Care Premium More Than Doubled

    07/30/2016 1:48:03 PM PDT · by American Quilter · 29 replies
    30 Jul 2016 | American Quilter
    I've just been notified by my long-term health care insurance program that they're increasing my monthly premium from $198 to $441 beginning in November due to "the severity of certain medical conditions, expected lifespans, returns on investment, and overall program expenses." The insurer is John Hancock Life & Health Insurance Company. I'll have to pay the full premium increase in order to keep my annual 5% benefit increase. Or I can pay "only" $318 per month and drop to a 3.9% annual benefit increase. Or I can retain the current premium and drop to a 2% annual benefit increase.
  • Insurers signaling major ObamaCare premium hikes for 2017 — or taking a hike altogether

    04/15/2016 7:33:31 AM PDT · by SeekAndFind · 25 replies
    Hotair ^ | 04/15/2016 | Ed Morrissey
    Remember how the last big increases in ObamaCare premiums took place last fall? Good times, good times. The Hill reports that insurers have begun warning that the financial model of ObamaCare remains unstable. Either they need to get approval from state regulators for another round of large premium increases, or they may bail out altogether. Even the pro-ObamaCare Kaiser Family Foundation says, “Something has to give”: Health insurance companies are amplifying their warnings about the financial sustainability of the ObamaCare marketplaces as they seek approval for premium increases next year.Insurers say they are losing money on their ObamaCare plans...
  • States approving huge spikes in health-insurance premiums [Where's the "Affordable" in the ACA?]

    08/27/2015 7:20:35 AM PDT · by SeekAndFind · 37 replies
    Hotair ^ | 08/27/2015 | Ed Morrissey
    When insurance companies began discussing the necessary premium hikes for the third year of ObamaCare coverage, the White House was quick to dismiss the requests. State auditors would surely force insurers to admit that these requests were overblown. Barack Obama himself told a Nashville audience last month that he couldn’t see why insurers needed to hike premiums by more than a third in Tennessee, the Wall Street Journal recalls: At a July town hall in Nashville, Tenn., President Barack Obama played down fears of a spike in health insurance premiums in his signature health law’s third year.“My expectation is...
  • North Carolina Blue Cross Raises Obamacare Plan Premiums (35%!)

    08/08/2015 2:01:53 PM PDT · by xzins · 14 replies
    CBN ^ | August 07, 2015 | CBN
    North Carolina's largest health insurer says high costs are forcing it to seek higher premium increases than expected. Two months ago, Blue Cross and Blue Shield of North Carolina said it wanted to raise rates by an average of almost 26 percent in January 2016. But now it's seeking an average 35 percent higher premium for insurance sold under Obamacare. North Carolina is not the only state facing steep raises. A study by the Kaiser Family Foundation says dozens of health insurers across the country are increasing premiums well beyond 10 percent for next year.
  • Reports: More Obamacare Cancellations, Premium Hikes On the Way (Pelosi knew)

    05/11/2014 3:32:50 AM PDT · by Libloather · 4 replies
    Townhall ^ | 5/09/14 | Guy Benson
    The Obamacare "winning streak" continues apace. Kaiser Health News reports on the increasing likelihood of more and more large employers dumping employees into Obamacare's exchanges. An untold number of employees will discover that they can't keep their plan, especially if they're a high-risk, high-cost employee. The Obama administration estimated that as many as 93 million Americans will lose their existing coverage under the new law, despite what the president promised repeatedly. We wrote about "targeted dumping" back in 2011. Those concerns are now being realized:
  • CBO: ObamaCare premiums and healthcare spending will rise by less than expected, because…

    04/15/2014 4:58:25 PM PDT · by SeekAndFind · 15 replies
    Hotair ^ | 04/15/2014 | Erika Johnsen
    The Congressional Budget Office released a report this morning that has received a lot of attention from ObamaCare’s many staunch media advocates because it essentially concludes that the cost of expanding coverage through the exchanges will be billions less than the CBO was predicting just a couple of months ago. That’s great news for the president’s crowning legislative achievement, right? Health-insurance premiums for plans sold on the Affordable Care Act’s exchanges will be lower than previously expected, according to a report released Monday by the Congressional Budget Office.The findings, by Congress’s nonpartisan spending analysts, result largely from the fact that...
  • 4 reasons ObamaCare premiums will rise next year

    03/24/2014 2:55:54 PM PDT · by SeekAndFind · 7 replies
    The Week ^ | 03/24/2014 | By Brianna Ehley
    Now that the first open enrollment period under the Affordable Care Act is coming to a close, insurers say they are getting a better idea of what to expect next year — and that includes higher premiums.Early into ObamaCare's troubled launch — plagued with website problems, canceled plans, and numerous delays — several insurers were already warning that the rocky rollout would result in significantly higher premiums in 2015.Aetna CEO Mark Bertolini first raised concerns over a potential rate shock in December, when he told investors that "in some markets," individual-market premium increases "could go as high as 100 percent."Now,...
  • Sen. Landrieu blasts White House for opposition to bill delaying flood insurance premium increases

    01/29/2014 3:35:10 PM PST · by Libloather · 28 replies
    NOLA ^ | 1/28/14 | Bruce Alpert
    WASHINGTON -- Sen. Mary Landrieu, D-La., Tuesday sharply criticized what she called the Obama administration's "short-sighted, misguided and irresponsible" opposition to legislation delaying flood insurance premium increases for four years. Though the statement of administration policy didn't include a veto threat, Landrieu said the White House's position, "threatens the very foundation of the National Flood Insurance Program and will only saddle taxpayers with higher costs when disasters strike." Just before the White House policy statement was released the Senate voted 86-13 to begin debate on legislation that would delay most increases resulting from the 2012 Biggert-Waters Act so, sponsors say,...
  • How many people “enrolled” in ObamaCare have actually paid their first month of premiums?

    12/05/2013 11:12:57 AM PST · by SeekAndFind · 27 replies
    Hotair ^ | 12/05/2013 | AllahPundit
    Health-care reporters have been zeroed in lately on the 834 error rate, i.e. the rate of garbled or phantom enrollment data transmitted from Healthcare.gov to insurance companies as people sign up. WaPo claimed the other day that the rate is as high as one-third, but HHS, knowing a looming PR catastrophe when it sees one, has refused to give reporters a hard number. The media’s focus on that is all to the good — the higher the 834 error rate, the more chaos there’ll be next month in sorting out the big surge of applications in December — but there’s...
  • Insurance premium increases shock Charlotte consumers

    10/06/2013 11:12:29 AM PDT · by sheikdetailfeather · 66 replies
    The Charlotte Observer ^ | 10-6-13 | Karen Garloch
    Across North Carolina, thousands of people have been shocked in recent weeks to find out their health insurance plans will be canceled at the end of the year – and premiums for comparable coverage could increase sharply. One of them is George Schwab of Charlotte, who pays $228 a month for his family’s $10,000 deductible plan from Blue Cross and Blue Shield of North Carolina. In a Sept. 23 letter, Blue Cross notified him that his current plan doesn’t meet benefit requirements outlined in the Affordable Care Act and suggested a comparable plan for $1,208 a month – $980 more...
  • Obamacare Will Increase Avg. Individual-Market Insurance Premiums By 99% For Men, 62% For Women

    09/25/2013 3:11:45 PM PDT · by tobyhill · 11 replies
    forbes ^ | 9/25/2013 | Avik Roy
    For months now, we’ve been waiting to hear how much Obamacare will drive up the cost of health insurance for people who purchase coverage on their own. Last night, the U.S. Department of Health and Human Services finally began to provide some data on how Americans will fare on Obamacare’s federally-sponsored insurance exchanges. HHS’ press release is full of happy talk about how premiums will be “lower than originally expected.” But the reality is starkly different. Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97...
  • Sebelius: Health law has lowered costs, slowed premium hikes

    03/21/2013 8:23:06 AM PDT · by Nachum · 44 replies
    The Hill ^ | 3/21/13 | Sam Baker
    Health and Human Services Secretary Kathleen Sebelius said Thursday that President Obama´s healthcare law has helped keep costs under control while providing new benefits to millions of Americans. The number of double-digit increases in healthcare premiums has dropped significantly in the three years since Obama signed the law, she said on MSNBC´s "Morning Joe." "What we´re seeing is costs really come down for the first time in a very ling time," Sebelius said. "Medicare costs are significantly lower than they were." Greater access to preventive medicine will help
  • Video: Say, where are those ObamaCare premium price cuts?

    02/11/2013 10:01:40 AM PST · by Nachum · 3 replies
    Hot Air ^ | 2/11/13 | Ed Morrissey
    The White House on Sunday stepped up pressure on Republicans to adopt a short-term budget patch that would cancel the $85 billion in spending “sequesters” due on March 1, saying that government spending is still needed to prop up a stubbornly sluggish economy. Late last week, White House officials laid out a list of potential cuts they would have to make if the sequesters aren’t averted, saying they’d be forced to kick children out of the Head Start education program and cut federal loans to small businesses. The officials even warned that more American workers could die as a result...
  • Health insurance rates going up by double digits: NYT

    01/07/2013 7:32:16 AM PST · by SeekAndFind · 22 replies
    Hotair ^ | 01/07/2013 | Ed Morrissey
    Remember that Nancy Pelosi told us that we needed to pass ObamaCare to find out what’s in it. Barack Obama promised to “bend the cost curve,” too. Looks like both of them were right, at least according to the Paper of Record, which discovers to its surprise that dumping nebulous mandates on insurers causes them to bend the cost curve sharply upward (via Instapundit): Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid...
  • Bipartisan plan for premium-support reform of Medicare? (Some Dems now think Ryan's plan isn't bad)

    12/15/2011 7:55:26 AM PST · by SeekAndFind
    Hotair ^ | 12/15/2011 | Ed Morrissey
    Democrats had to have a plan to tie all Republican candidates to that crazy notion floated by Paul Ryan to transform Medicare into a premium-support plan, an idea so radical that no Democrat or even sane person could possibly support. Why, even Newt Gingrich called it “right-wing social engineering”! Barack Obama could get up on the stump all year and tell seniors that only he could hold back the hordes of crazy Tea Party activists that would throw Grandma to the mercy of — quelle horreur — insurance companies. Wait, I wrote that inaccurately. It should have been eeeeeeeeeevil insurance...
  • The 30-Cent Tax Premium

    04/18/2011 9:23:42 AM PDT · by WOBBLY BOB · 7 replies
    WSJ ^ | 4-18-11 | Art Laffer
    In a study published last week by the Laffer Center, my colleagues Wayne Winegarden, John Childs and I estimate that these costs alone are a staggering $431 billion annually. This is a cost markup of 30 cents on every dollar paid in taxes. And this is not even a complete accounting of the costs of tax complexity.
  • UTC MEDICARE SUPPLEMENT PREMIUM INCREASE 24.5 PERCENT

    06/28/2010 2:33:29 PM PDT · by Yosemitest · 10 replies
    Letter In Mailbox (Snail-Mail) | June 28, 2010
    My parents, both in their 70s, just recieved this in the mail. Be on the look out for your's. Friends: Your UCT Medicare Supplement premium will increase substantially soon. This increase will occur on your next policy anniversary date. You will receive a 24.5% rate increase. If you are not happy with this, pleaxe give me a call. I am with other companies with much lower premiums for the same plan you have now. Feel free to call at anytime. Sincerely, (Not signed) (Insurance Agent's Name) (Insurance Agent's Phone Number) Now, ... after I calm down ... I want...