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Keyword: premiums

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  • Obamacare sends health premiums skyrocketing by as much as 78 percent

    10/28/2014 7:57:43 PM PDT · by jazusamo · 17 replies
    The Washington Times ^ | October 28, 2014 | Valerie Richardson
    Covering pre-existing conditions and ‘essential benefits’ raising insurance plan costsThe Affordable Care Act was supposed to make health care more affordable, but a newly released study of insurance policies before and after Obamacare shows that average premiums have skyrocketed, for some groups by as much as 78 percent. Average insurance premiums in the sought-after 23-year-old demographic rose most dramatically, with men in that age group seeing an average 78.2 percent price increase before factoring in government subsidies, and women having their premiums rise 44.9 percent, according to a report by HealthPocket scheduled for release Wednesday. The study, which was shared...
  • Admin Won’t Release Final HealthCare.gov Premiums Until After Elections

    10/12/2014 3:41:59 AM PDT · by Enlightened1 · 24 replies
    The Daily Caller ^ | 10/09/14 | Sarah Hurtubise
    The Obama administration has already debuted its new, improved version of HealthCare.gov, but still won’t release premium rates on the website until after the Nov. 4 elections
  • Obama Claims Obamacare is Working – You Just Haven’t Noticed

    10/04/2014 8:14:55 AM PDT · by Kaslin · 40 replies
    Townhall.com ^ | October 4, 2014 | Michael Schaus
    I’m beginning to think that Obama doesn’t actually have any speech writers or talking-point authors… He’s just recycling the set of talking points he was handed in the first four years of his tenure. During a recent Q&A session at a campaign event in Princeton Indiana, the President trotted out the tried-and-failed talking points of 2012 to defend his signature healthcare law. According to the Free Beacon:“We are seeing almost a double-digit increase in health-care costs every year,” General Manager Mihir Paranjape said. “Do you think that trend is going to go down, and what can we do to control that...
  • ObamaCare caused some premiums to nearly double in California

    07/31/2014 1:16:44 PM PDT · by SeekAndFind · 8 replies
    Hotair ^ | 07/31/2014 | Ed Morrissey
    The bad news in California: If you liked your plan and/or your doctor, many of you couldn’t keep either if you had an individual-market plan. The worse news in California: If you liked your premiums, you definitely couldn’t keep those. In the first year of ObamaCare, premiums rose in the Golden State anywhere from 22% to 88% from the previous year — even as insurer networks narrowed so much that consumers had a tough time finding a provider at all: The cost of health insurance for individuals skyrocketed this year in California, with some paying almost twice what they...
  • MNsure failing to produce results

    07/23/2014 9:12:27 AM PDT · by TurboZamboni · 6 replies
    Quad Community Press ^ | 7-22-14 | Linda Runbeck
    It’s been almost one year since Minnesota rolled out its state version of Obamacare, called MNsure. How is this experiment with government-run health care working? Let’s start with the basic fact that Minnesota’s health care is second to none. Before MNsure, close to 97 percent of Minnesotans had health insurance coverage or were eligible to procure it at very low or no cost. This was among the highest percentage of insured people in the nation. Some $160 million in taxpayer money has been spent to launch MNsure, and we are no better off today. The state had two unique programs:...
  • MNsure Monthly Premiums Likely to Increase Significantly

    07/10/2014 7:22:08 AM PDT · by TurboZamboni · 5 replies
    KSTP ^ | 7-9-14 | Jay Kolls
    The head of the Minnesota Council of Health Plans gave a hint of what might come soon to those who pay for health insurance coverage through MNsure, Minnesota's health care exchange. Julie Brunner is the Executive Director of the Minnesota Council of Health Plans, which is the professional association for the HMOs that offer health coverage through MNsure. Brunner recently told a University of Minnesota symposium that she would "not be surprised if the health plans increased their rates by 8, 10, or even 12 percent." Gov. Mark Dayton tells 5 EYEWITNESS NEWS he would be disappointed by such a...
  • Democrats Scramble to Get Ahead of Obamacare Minefield Before Midterms (Price Hikes Ahead!!!)

    07/07/2014 1:48:15 PM PDT · by NormsRevenge · 10 replies
    Yahoo! News ^ | 7/7/14 | Arit John - Atlantic Wire
    States are now releasing their preliminary 2015 Obamacare premiums, which means price hikes could become another negative talking point right before the midterm elections. The difference between now and previous moments of bad health care PR is that Democrats insist they're getting ahead of it this time. But even then, there are a number of other issues coming up: the left's increasing aversion to the employer mandate, questions about how young and healthy this year's enrollees are and, as always, whether the Affordable Care Act is actually affordable. As Politico noted Monday, the White House's "internal health care enrollment outreach...
  • New York Healthcare Premiums Are About To Explode ('Tithing' to support ObamaCare ain't cheap!)

    07/03/2014 8:27:23 AM PDT · by NormsRevenge · 11 replies
    Yahoo Finance ^ | 7/3/14 | Brett LoGiurato - Business Insider
    Insurance companies operating in New York State's marketplace are expected to ask for double-digit premium hikes next year, according to new filings from the companies. Capital New York reports the average requested increase was 13%. The New York Post reports that number at about 12%. But the bigger insurers are seeking a bigger premium hike — according to Capital, the six most popular plans in New York are requesting an average increase of almost 15%. The Post reports that Excellus Health Plan, which has about 24,000 customers, is requesting a 19.7% hike. MVP Health Plan, which has nearly 33,000 customers,...
  • Poll: Many still struggle to pay health premiums (Zerocare lies strike again)

    06/19/2014 10:06:35 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Jun 19, 2014 11:28 AM EDT | Ricardo Alonso-Zaldivar
    Most people who signed up under President Barack Obama’s health care law rate their new insurance highly, but a substantial number are struggling with the cost, according to a poll released Thursday. The survey from the nonpartisan Kaiser Family Foundation provides findings that both sides in the health care debate can seize on. It’s an ambitious look at people who buy their coverage individually; they’re the ones most affected by the Affordable Care Act. […] Despite the availability of generous subsidies, 4 in 10 of those who bought a plan that meets the law’s specifications said they had difficulty paying...
  • Federal insurance exchange subsidies cut premiums by average of 76%, HHS reports

    06/18/2014 11:35:56 AM PDT · by SeekAndFind · 11 replies
    Washington Post ^ | 06/18/2014 | AMY GOLDSTEIN
    The Americans who qualify for tax credits through the new federal insurance exchange are paying an average of $82 a month in premiums for their coverage — about one-fourth the bill they would have faced without such financial help, according to a new government analysis. But the analysis shows wide variations among states in the premiums that people are paying for their new insurance, the amount the government is picking up and the proportion who qualify for the subsidies. The 28-page report, by the Department of Health and Human Services, is the government’s first effort to gauge the affordability and...
  • What a coincidence! Key states set to announce health care premium rate increases for 2015

    05/22/2014 9:44:29 AM PDT · by SeekAndFind · 6 replies
    Hotair ^ | 05/22/2014 | Ed Morrissey
    Yesterday I noted that the Obama administration snuck the mechanism and $3.5 billion in funding for an insurer bailout, bypassing Congress and wheedling insurance companies to keep 2015 premiums low. The Hill’s report on the announcement dates for rate hikes explains the timing of this effort. Thirteen states will announce the newly approved rate plans for 2015 — including a handful of those Democrats desperately need to keep in the midterms: Premiums are expected to go up in a majority of states, as they do every year, but the size of the increases could go a long way toward...
  • Uh oh: House committee claims only 2/3 of federal ObamaCare enrollees paid first premium by April 15

    05/01/2014 5:32:06 AM PDT · by SeekAndFind · 4 replies
    Hotair ^ | 04/30/2014 | AllahPundit
    And you know what that means: No money, no coverage, which means the widely touted figure of eight million enrollments that Barack “Mission Accomplished” Obama’s been pushing lately is flatly bogus. Anyone who hasn’t paid by the end of the grace period offered by their insurer — and some of those grace periods were undoubtedly extended beyond April 15th, the cut-off date for this analysis — will be tossed from the rolls.The figure that’s been cited for months on payment rates is 80 percent. The Energy and Commerce Committee claims it’s actually significantly lower, at least when it comes to...
  • Coming attractions for the Obamacare disaster film

    04/14/2014 7:15:58 AM PDT · by SeekAndFind · 10 replies
    American Thinker ^ | 04/14/2014 | Thomas Lifson
    Betsy McCaughey, who knows as much about Obamacare as anyone who wasn’t involved in writing it, offers a preview of the new disasters about to unfold as the health care law kicks in. If the law were a disaster film, her article could serve as the trailer for part 2.She expects a wave of premium defaults, and explains why even the AMA, a big proponent of the law, is worried: First-time insurance purchasers, especially those living paycheck to paycheck, will be shocked by ObamaCare’s high deductibles, about $3,000 for the silver plan (the most commonly selected) and $5,000 for the...
  • Media Hype 'Good' ObamaCare News, Bury The Bad

    04/10/2014 4:52:30 AM PDT · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 04/09/2014 | IBD Staff
    Bias: The media are cheering a survey that, they say, shows ObamaCare is working miracles. It shows nothing of the kind. Meanwhile, they're ignoring another report that finds ObamaCare-induced premium spikes. 'Millions More People Are Getting Health Insurance Because Of ObamaCare," screams a headline on the left-wing Huffington Post. Countless other major news outlets more or less echoed this line, calling it a big win for ObamaCare. They and others are all talking about a Rand Corp. survey that, in fact, finds no such thing.
  • Health Plan Premiums Are Skyrocketing According To New Survey Of 148 Insurance Brokers,

    04/09/2014 6:27:13 AM PDT · by xzins · 27 replies
    Forbes ^ | 7 Apr 14 | Dr. Scott Gottlieb
    Health Plan Premiums Are Skyrocketing According To New Survey Of 148 Insurance Brokers, With Delaware Up 100%, California 53%, Florida 37%, Pennsylvania 28%13 Health insurance premiums are showing the sharpest increases perhaps ever according to a survey of brokers who sell coverage in the individual and small group market. Morgan Stanley’s healthcare analysts conducted the proprietary survey of 148 brokers. The April survey shows the largest acceleration in small and individual group rates in any of the 12 prior quarterly periods when it has been conducted. The average increases are in excess of 11% in the small group market and...
  • Cleveland Clinic CEO: 3/4 Of Obamacare Signups Will Face Higher Premiums

    03/30/2014 11:30:43 AM PDT · by Nachum · 21 replies
    Washington Free Beacon ^ | 3/30/14 | Staff
    A leading healthcare expert poured cold water on the administration’s recent Obamacare enthusiasm, saying that three quarters of those signed up will face higher premiums than under their previous insurance. “Out of people that have signed up about three quarters will find premiums higher than previously with other insurance,” Dr. Toby Cosgrove, CEO of the Cleveland Clinic said on Fox News Sunday. “Hospitals are going to be paid less for what they do,” Cosgrove continued. “And we also know insurers are paying less too. We have to become more efficient in how we deliver care which is a big changefor...
  • ObamaCare premiums to double in some areas next year

    03/19/2014 7:43:46 AM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 03/19/2014 | Ed Morrissey
    Remember how Barack Obama and Democrats promised to “bend the cost curve downward” with ObamaCare? Well, they got most of that promise correct. ObamaCare has bent the cost curve all right, but sharply upward — and in 2015, expect them to not just bend but absolutely “skyrocket,” according to The Hill: Health industry officials say ObamaCare-related premiums will double in some parts of the country, countering claims recently made by the administration.The expected rate hikes will be announced in the coming months amid an intense election year, when control of the Senate is up for grabs. The sticker shock would...
  • $1 Extra in Pay Could Mean $20,000 More in Obamacare Premiums

    02/07/2014 12:45:18 PM PST · by Olog-hai · 11 replies
    Newsmax ^ | Friday, 07 Feb 2014 10:33 AM | Lisa Barron
    In the wake of Tuesday’s Congressional Budget Office report showing that Obamacare will lead to a reduction in employee working hours, there is also bad news on the wages front. Noting that Obamacare provides subsidies for coverage to people earning up to 400 percent of the federal poverty line, and that the subsidies decrease as income increases, the CBO said there is a strong incentive to reduce wages. “People whose income exceeds 400 percent of the FPL are ineligible for premium subsidies, and for some people those subsidies will drop abruptly to zero when income crosses that threshold,” the report...
  • Here are the big losers in ObamaCare

    01/02/2014 3:24:48 AM PST · by afraidfortherepublic · 24 replies
    New York Post ^ | 1-2-14 | Carl Campanile, Bruce Golding and Beth DeFalco
    New York’s small-business owners, seniors and doctors are among the big losers as President Obama’s prescription for health-insurance reform takes effect. The National Federation of Independent Businesses, an organization that represents nearly 11,000 entrepreneurs across the state, says it has yet to find a single member whose health-care costs are going down under the ObamaCare program, whose plans took effect New Year’s Day. Meanwhile, an “overwhelming majority” of businesses canvassed by the group has reported increases in their insurance premiums, said Mike Durant, the NFIB’s New York director. Michael Kennedy, who runs two family-owned dog-grooming salons near Albany, said changes...
  • What Obamacare Coverage Costs Congressmen

    12/05/2013 11:43:15 AM PST · by afraidfortherepublic · 9 replies
    Wall Street Journal ^ | 12-2-13 | Rebecca Ballhaus and Louise Radnofsky
    Some members of Congress are about to get their own kind of sticker shock when they head to the new insurance exchanges. A few will get a price cut. As the Journal has reported, a provision in the health law requires lawmakers to get their benefits alongside small-business employees for the first time, and that means lawmakers’ premiums will suddenly be tied to their age. Members of Congress used to pay the same rate, regardless of how old they were, which was around $186 a month to cover just themselves on one popular plan after their employer (in this case,...
  • ObamaCare premiums more expensive than old premiums even with subsidies says… Obama administration

    11/15/2013 7:33:32 AM PST · by SeekAndFind · 18 replies
    Hotair ^ | 11/15/2013 | Steve Eggleston
    Remember the claims from our friends on the Left, when the massive raw increases in the ObamaCare-compliant insurance premiums were exposed, that the subsidies from the taxpayers would mean the out-of-pocket expenses for ObamaCare insurance premiums would more than cover said raw increases for the average person? That’s just been blown out of the water, as the Daily Mail reports (H/T – John Ekdahl): The Obama administration has directly conceded for the first time that ‘in many cases,’ health insurance plans offered through government exchanges are more expensive than plans consumers bought before the Affordable Care Act became law –...
  • Insurance Industry: 'Higher Premiums'

    11/14/2013 12:16:21 PM PST · by sheikdetailfeather · 15 replies
    CNS News ^ | 11-14-2013 | Susan Jones
    (CNSNews.com) - After President Obama unilaterally changed his health care law on Thursday, the insurance industry issued a warning."Changing the rules after health plans have already met the requirements of the law could destabilize the market and result in higher premiums for consumers," said Karen Ignagni, president and CEO of America's Health Insurance Plans (AHIP). Here's Ignagni's full statement:
  • Health Sherpa - Tells you exactly what Obamacare premiums will be for you.

    11/09/2013 8:29:02 AM PST · by ReaganÜberAlles · 34 replies
    Health Sherpa ^ | 11/09/2013
    Find Your Health Plan Now Instantly compare premiums for health exchange plans in the 34 states without marketplace websites
  • The UN-Affordable Care Act

    11/02/2013 8:26:19 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | November 2, 2013 | Ed Feulner
    So how much more is your health insurance going to cost you? That’s the question, really, as Obamacare begins taking effect and the stories pour in from around the country: how much your premiums are going up, not if they are. Rising costs are a fact of life, but the changes Americans are seeing as a result of the president’s signature law are putting the “shock” in “sticker shock.” I recently had lunch with a friend who said his perfectly healthy 28-year old son had just received a notice from Blue Cross-Blue Shield of Illinois that on Jan. 1, his...
  • Study: Average Premiums for Young Women to Increase 193% (Obamacare's War on Women)

    10/24/2013 6:23:16 AM PDT · by Qbert · 32 replies
    Washington Free Beacon ^ | October 23, 2013 | Elizabeth Harrington
    Healthy young women will see their premiums rise by an average of almost 200 percent under Obamacare, with increases occurring in all 50 states and the District of Columbia, according to a new study.Earlier this month, the American Action Forum released an analysis that found the average 30-year-old male nonsmoker would see his premiums rise 260 percent. Using the same metrics, the organization found that the Affordable Care Act (ACA) would be just as harsh on women trying to purchase bronze level plans, the cheapest insurance available in the marketplace. “All 50 states and the District of Columbia saw insurance...
  • Who Expected Premiums to Skyrocket with Obamacare? We Did!

    10/19/2013 6:32:27 AM PDT · by sheikdetailfeather · 13 replies
    Rush Limbaugh ^ | October 18, 2013 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Here's Therese in Detroit. Therese, glad you called. Great to have you. Open Line Friday. Hi. CALLER: Hi. How are you? RUSH: Superb. How are you? CALLER: Well, our accountant came in today for a visit, and we always talk about Obamacare, and he told us that he got a letter from Blue Cross/Blue Shield. He lives in North Carolina, but he does business in both states, and for him and his wife and two kids, the premium went from $800 a month up to $1700 a month, and his deductible went from $3,000... RUSH: Whoa ho!...
  • Heritage Chart Illustrates Higher Health Insurance Premiums After Obamacare

    10/17/2013 3:18:10 PM PDT · by Kaslin · 12 replies
    Rush Limbaugh.com ^ | October 17, 2013 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Right here my formerly nicotine-stained fingers. It prints out perfectly on one page. I will show it to you. Yep. I'll show it to you there on the Dittocam. That's what it looks like. What it does, is state by state it tells you what your health insurance premiums were before Obamacare and the exchanges, what they will be after (i.e., when you go there), and what percentage change it is for an adult age 27, an adult age 50, and a family of four. Now, I'm gonna show you this. If you look at the colors,...
  • How Will You Fare in the Obamacare Exchanges?

    10/17/2013 8:48:39 AM PDT · by libstripper · 60 replies
    Heritage Foundation ^ | Oct. 17, 2013 | Drew Gonshorowski
    There are literally no comparisons to current rates. That is, [the Department of Health and Human Services] has chosen to dodge the question of whose rates are going up, and how much. Instead they try to distract with a comparison to a hypothetical number that has nothing to do with the actual experience of real people. —Douglas Holtz-Eakin President, American Action Forum[1] Enrollment in Obamacare’s health insurance exchanges has proven to be a somewhat difficult process amidst technical glitches and delays. Aside from the issues associated with actually purchasing health care, once an individual gets a quote for health insurance...
  • 6 Things Every American Should Know About Obamacare

    10/12/2013 2:12:20 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | October 12, 2013 | John Hawkins
    If you think every American should know these facts about Obamacare, do your part to spread this column around and make it happen. 1) Millions of Americans are paying much more for health care because of Obamacare. Obama's new health care law has a lot of new requirements, restrictions, and red tape. That means the cost of plans is going up and the amount of competition in many states is going down. Because of this, the price of health care is soaring all across the country. Here are a couple of examples of how bad it is already getting. Cindy...
  • Credit Scores Impact new Affordable Care Act Premiums

    ORLANDO, Fla. - Many people signing up for health care in Florida through the Affordable Care Act have been shocked when they have to give proof of their credit score before they finish the process. Anne Packham, one of many people licensed by the state to help people navigate the government's website, said on Tuesday that the credit check occurs so providers can make an educated decision about who to insure.
  • North Carolinians Shocked By The Size Of Insurance Premium Increases Caused By Obamacare

    10/07/2013 9:21:56 AM PDT · by Maelstorm · 63 replies
    http://www.thegatewaypundit.com ^ | October 7, 2013 | By John Hawkins
    How many Americans are being smashed by these same sort of crushing financial blows because of Obamacare? 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...
  • Obamacare Facebook Erupts with Citizen Sticker Shock

    10/05/2013 1:09:35 PM PDT · by Lmo56 · 38 replies
    Breitbart ^ | 10/4/13 | Wynton Hall
    On Thursday, the government's official Obamacare Facebook page was riddled with people expressing sticker shock over the government's high cost premiums after struggling for hours to wade through the technical failures vexing Obamacare exchanges all across the country. "I am so disappointed," wrote one woman. "These prices are outrageous and there are huge deductibles. No one can afford this!" The comment received 169 "likes." "There is NO WAY I can afford it," said one commenter after using the Kaiser Subsidy Calculator. "Heck right now I couldn't afford an extra 10$ [sic] a month...and oh apparently I make to [sic] much...
  • Obamacare causes healthcare premiums for Kentucky family to triple to nearly $1000 PER MONTH

    10/04/2013 2:45:11 PM PDT · by Maelstorm · 16 replies
    http://www.youtube.com ^ | Oct 2013 | FoxNews (You Tube)
    ▶ Obamacare causes healthcare premiums for Kentucky family to triple to nearly $1000 PER MONTH - YouTube
  • Some Nebraskans’ premiums to triple under ObamaCare

    09/27/2013 8:13:02 AM PDT · by Maelstorm · 27 replies
    http://www.foxnews.com ^ | September 27, 2013 | By Deena Winter
    Todd Blome's phone has been ringing off the hook this week with clients seeking tax advice after learning they'll get a "shocking increase" in their health insurance premiums when Obamacare's health insurance exchanges begin operating. Letters have been landing in mailboxes all over Nebraska explaining the impact Obamacare will have on people who buy insurance coverage on their own, rather than through work. Blome, a Lincoln accountant, understands: He got a letter, too. Blue Cross Blue Shield Nebraska informed Blome his health care plan will terminate at year's end, and if he wants to move to a similar plan his...
  • Premiums unveiled for health overhaul plans (why were they veiled?)

    09/24/2013 9:27:03 PM PDT · by Olog-hai · 34 replies
    Associated Press ^ | Sep 25, 2013 12:18 AM EDT | Ricardo Alonzo-Zaldivar
    With new health insurance markets launching next week, the Obama administration is unveiling premiums and plan choices for 36 states where the federal government is taking the lead to cover uninsured residents. Before tax credits that work like an upfront discount for most consumers, sticker-price premiums for a mid-range benchmark plan will average $328 a month nationally for an individual, comparable to payments for a new car. The overview of premiums and plan choices, released Wednesday by Health and Human Services Secretary Kathleen Sebelius, comes as the White House swings into full campaign mode to promote the benefits of the...
  • It's Official: Obamacare Will Increase Health Spending By $7,450 For A Typical Family of Four

    09/23/2013 7:28:59 AM PDT · by don-o · 41 replies
    Forbes ^ | September 23, 2013 | Chris Conover
    What this means for a typical family of four $621 billion is a pretty eye-glazing number. Most readers will find it easier to think about how this number translates to a typical American family—the very family candidate Obama promised would see $2,500 in annual savings as far as the eye could see. So I have taken the latest year-by-year projections, divided by the projected population and multiplied the result by 4. Simplistic? Maybe, but so too was the President’s campaign promise. And this approach allows us to see just how badly that promise fell short of the mark. Between 2014...
  • Video: ObamaCare hikes Wisconsin premiums as much as 125%

    09/04/2013 8:25:59 AM PDT · by SeekAndFind · 11 replies
    Hotair ^ | 09/04/2013 | Ed Morrissey
    Last week, Nebraskans discovered that insurance premiums would rise as much as 143%, thanks to the mandates in ObamaCare that will take effect in January. This week it’s Wisconsin’s turn. The local Fox affiliate reports that premiums will rise in every age category by at least a third, and that some coverage could increase as much as 125%, thanks to ObamaCare (via the Weekly Standard): The state’s Office of the Commissioner of Insurance released estimates of how premium rates for individuals will change under the Affordable Care Act, or ACA. Those reflect increases from 10% on the low end...
  • Real World Economics: Our health costs will rise, no matter who pays

    08/25/2013 12:24:18 PM PDT · by TurboZamboni · 15 replies
    pioneer press ^ | 8-24-13 | Ed Lotterman
    Regardless of how we structure the financing of health care -- mandatory private insurance in the Affordable Care Act, government-run single-payer, vouchers, or our current muddle -- we are going to face the challenge that the cost of health care itself will rise faster than national output, the general price level and median household incomes. This means that spending on health will take up a larger portion of resources, both at the national and household levels. snip We have a muddled system of health care delivery that is part free market and part regulated. One of the market aspects is...
  • Health Premiums Climbed $2,976 Since 2009, Despite Obama Vow to Cut them $2,500

    08/23/2013 5:48:17 AM PDT · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 08/23/2013 | John Merline
    The average employer-provided family health insurance premiums have climbed $2,976 since 2009, according to an annual Kaiser Family Foundation survey released this week. They're up $3,671 compared with the year before President Obama took office. That's despite Obama's repeated promises that the health care reform law he championed would cut premiums by $2,500 in his first term. And while annual premium increases have moderated over the past two years, that's due to trends in the insurance market largely unrelated to ObamaCare, and trends the law could actually reverse.
  • Obamacare Rule: $1 Pay Hike Costs Middle-Class Family $9,355 Hike in Premiums

    08/09/2013 6:58:02 AM PDT · by Olog-hai · 13 replies
    Cybercast News Service ^ | August 9, 2013 - 4:19 AM | Terence P. Jeffrey
    When the Patient Protection and Affordable Care Act (AKA Obamacare) is fully enforced on individuals and families next year, a middle-aged, middle-class couple with three children could be hit with a $9,355 hike in their annual health insurance premiums if their annual household income happens to increase by just $1. Under ACA, all Americans are required to secure health insurance. Those who do not get it through their employer can buy it through government-run health insurance exchanges, which the law requires to be set up in every state. People buying their Obamacare-mandated health coverage through these exchanges will be eligible...
  • Obamacare could eat up your raise

    06/29/2013 8:19:06 AM PDT · by NormsRevenge · 30 replies
    MarketWatch ^ | 6/29/13 | Jonnelle Marte
    Expecting to get a raise next year? It could be eaten up by your health care bill. In an effort to meet the affordability requirement of the Affordable Care Act, which kicks in next year and requires that workers spend no more than 9.5% of their income on premiums, more employers are turning to insurance plans in which premiums vary based on a person’s salary, rather than having all workers pay a flat rate. That way, employees who make more money pay bigger premiums. Some 12% of companies used salary-based premiums in 2012, up from 10% in 2011, according to...
  • Obamacare? We were just leaving …

    06/13/2013 4:55:54 AM PDT · by upchuck · 35 replies
    Politico ^ | Thursday, June 13, 2013 | ANNA PALMER and JAKE SHERMAN
    Dozens of lawmakers and aides are so afraid that their health insurance premiums will skyrocket next year thanks to Obamacare that they are thinking about retiring early or just quitting... The fear: Government-subsidized premiums will disappear at the end of the year under a provision in the health care law that nudges aides and lawmakers onto the government health care exchanges, which could make their benefits exorbitantly expensive... If the issue isn’t resolved, and massive numbers of lawmakers and aides bolt, many on Capitol Hill fear it could lead to a brain drain just as Congress tackles a slew of...
  • Ohio Shows ObamaCare Is Working As Intended

    06/12/2013 5:31:32 AM PDT · by IBD editorial writer · 23 replies
    Investor's Business Daily ^ | 06/11/2013 | IBD Staff
    Health Care Reform: President Obama went to California last week to declare ObamaCare is working just as planned. If he means it was intended to dramatically hike insurance costs, he´s got that right. As ObamaCare´s launch date draws closer, a picture is emerging as to how it will affect insurance premiums. And that is increasingly one of sky-high premiums resulting from the law´s market regulations, benefit mandates, taxes and fees. Late last week, Ohio´s Department of Insurance revealed that, thanks to ObamaCare, the average premium in that state´s individual market will be 88% higher next year...
  • Democrats' New Argument: It's A Good Thing That Obamacare Doubles Individual Insurance Premiums

    06/03/2013 2:22:57 PM PDT · by SeekAndFind · 22 replies
    Forbes ^ | 06/03/2013 | Avik Roy
    Well, it’s been an interesting week in health care land. For a while now, independent analysts—and conservative critics—have raised concerns that Obamacare will dramatically increase the cost of individually-purchased health insurance for healthier people. This would, of course, contradict President Obama’s promises that “if you like your plan, you can keep it” and that the cost of insurance would go down “by $2,500 per family per year.” What’s new is that liberal columnists, facing reality, are conceding that premiums will go up for most people in the individual market. But they’re justifying it by saying that “rate shock” will help...
  • Family Medical Costs Still Rising (Obamacare destroys American Healthcare)

    05/22/2013 11:53:05 AM PDT · by tobyhill · 4 replies
    ny times ^ | 5/22/2013 | By REED ABELSON
    The good news is health care costs are going up more slowly. The bad news is that families continue to see larger medical bills. The typical cost to cover a family of four now exceeds $22,000, including the amount paid in insurance premiums and out-of-pocket costs, according to the latest Milliman Medical Index for 2013. Milliman, an actuarial and benefits consultant, puts the cost at slightly less than the amount a family might pay to send a child to an in-state public college for a year. This year’s increase over last was only 6.3 percent, according to the analysis from...
  • Flashback: Obama: Premiums Will Decrease 3000% So You Should Get A Raise When H'care Is Passed

    05/13/2013 9:48:40 PM PDT · by Republican Wildcat · 11 replies
    Obama: Premiums Will Decrease 3000% So You Should Get A Raise When H'care Is Passed
  • Proof That ObamaCare Will Fuel Health Care Inflation

    05/08/2013 5:56:13 AM PDT · by IBD editorial writer · 8 replies
    Investor's Business Daily ^ | 05/07/2013 | IBD Staff
    Health Costs: Americans were promised that ObamaCare would make their health care more affordable. But a pair of studies show the new system has done nothing to lower health costs and will sharply raise them. Between 2009 and 2011, U.S. health spending rose just 3.9% a year, the lowest annual gains in decades. The Obama administration was quick to claim credit for the slowdown, with Health and Human Services Secretary Kathleen Sebelius saying ObamaCare had "contributed to the slowest sustained growth in health spending in 50 years." But two new studies make it clear that ObamaCare wasn't behind the slowdown...
  • Medica asks for a rate hike. Are other Minnesota health insurers next?

    05/07/2013 6:40:33 AM PDT · by TurboZamboni · 3 replies
    pioneer press ^ | 5-7-13 | chris snowbeck
    A recent uptick in health care costs could start ballooning some insurance premiums for Minnesota workers this summer. Medica, one of the state's three largest health insurers, is seeking an average rate increase of 13 percent for about 5,000 people covered through their small-business employers when they renew policies in July. If approved by state regulators, the proposed increase could affect future premiums for an additional 65,000 people in small-business accounts with the Minnetonka-based health insurer. Medica covers about one-fourth of the state's "small group" market -- meaning small businesses with 50 or fewer employees -- and the actual premium...
  • Chuck Schumer: Yeah, health insurance premiums are going up partially because of ObamaCare

    05/03/2013 10:08:38 AM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 05/03/2013 | Erika Johnsen
    Health and Human Services Secretary Kathleen Sebelius has already admitted that the "affordable" in the "Patient Protection and Affordable Care Act" is something of a misnomer, to say the least, and with all of the hidden costs and complexities the law's implementation is slowly but surely revealing, Democrats have every reason to be nervous. As Josh Kraushaar put it at NJ: While the debate over Obama’s health care law isn’t a life-or-death battle, health care affects voter livelihood (and their voting decisions) like few other issues do. And there are clear signs that if premiums go up, businesses are forced...
  • Panic: Democrats Fear Another Obamacare Backlash

    04/29/2013 8:42:37 AM PDT · by EXCH54FE · 32 replies
    Town Hall ^ | Apr. 29, 2013 | Guy Benson
    Within months of Democrats ramming through Obamacare without a single Republican vote, the American people responded, pummeling the president's party at the polls. Republicans gained 63 seats in the House, six United States Senators, six governorships, and nearly 700 seats in state legislatures nationwide. Conservatives had their temporary political revenge, we were told, but Democrats would get the last laugh because Obamacare was sure to become more popular once Republicans' scurrilous smears against the law were shown to be false. How's that working out? Democratic senators, at a caucus meeting with White House officials, expressed concerns on Thursday about how...