Skip to comments.Massive ObamaCare Rate Hikes Are A Good Thing, White House Says
Posted on 08/27/2016 11:21:25 AM PDT by PROCON
Health Reform: This week Illinois' insurance regulator said ObamaCare premiums in the state will jump as high as 55%. The Obama administration's response to this and other news of massive rate hikes: Don't worry. Be happy.
Anyone shopping for ObamaCare coverage in Illinois this fall is in for a big shock. The average increase for cheap Bronze plans is likely 44%. It's 45% for the lowest-cost Silver plan, and 55% for the cheapest Gold plan.
(Excerpt) Read more at investors.com ...
Skip reading the article and have a brewski instead.
But, at least if you like your doctor, you can keep your doctor, right?
0care is a mess, and “shockingly” nothing about big-government health insurance is working as it was supposed to.
I hope Trump’s administration comes loaded for bear!
It’s a good thing everyone’s saving $2500/year so they can afford these premium increases!
Rep. Tim Walz, D-Minn., They just didnt understand how we could save money on this by adding more people to the system, how it was going to impact them in terms of their premiums and their access to care.
I think it’s working exactly the way they intended it to work....
They can't afford it and they can't afford not to have it.
Up is down, the sky is green, Islam is peace, so why wouldn’t this be positive
Up is down, left is right, black is white, wrong is right, and so forth and so on....Alice in Wonderland!
Dem voters will be defending this. They’re highly educated and understand the complicated stuff.
The military guys have a term for this situation, FUBAR - referring to “beyond all recognition”.
First of all, spending $50 to do a $2 job, using the wrong tools, and never fixing the problem that was there to begin with, but tying in a dozen more to go with it.
Scorn competence only at your own great personal risk.
Those subsidy payments for the 76% are paid for by the 24% who actually pay full price for the insurance, yes? How many of those 24%, who almost by definition don’t need the insurance, will continue to pay regardless of price?
When I first investigated this for the first year, my cheapest lead plan was $8,000 per year, about what I and my employer paid for my premium Blue Cross Blue Shield when I was employed. But, (and that’s a Michelle sized butt) I had to pay $10,000 out of pocket before any “benefits” kicked in. Despite having no income because I was unemployed, I did not qualify for subsidies as I have a 401k. (There were a few other reasons I don’t recall now.)
I decided that for $18,000 I could afford a lot of medical care. Now, suppose I became injured or sick in August and had just spent my $10,000 out of pocket by December. Then, the out of pocket costs would have to be $20,000 before the “befits” kicked in.
The whole mechanism is crazy. Also, the doctor gives me a 30% discount for cash.
The Obama administration:
“When we say something about Obamacare, it means just what we choose it to mean - neither more nor less.”
(with apologies to Lewis Carroll)
This is second hand. The wife of a friend of a friend decided to hold off on elective surgery because of the family deductible being $14K. They are close to Medicare age so she will just hobble along until she is eligble for Medicare. They live in Illinois and are going to get clobbered with premium increases if they pay full fare. If they get hit with a 40% increase in premiums, they will pay about $18K in premiums for bronze coverage.
In other news Obama says “Blood in your urine is a good thing!”
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