Posted on 12/15/2014 3:27:28 PM PST by Oldeconomybuyer
Americans visiting Healthcare.gov to purchase 2015 health-insurance plans are finding a nice surprise: Average premiums for the cheap “bronze” plans have increased only by 3.4% and premiums for the middle-of-the-road “silver” plans are rising by 5.8%, according to the American Action Forum. Where are the double-digit premium increases that so many predicted? Check back around this time in 2016. That’s when you’ll see the real spikes.
The Affordable Care Act includes two temporary programs that make compliant health-care plans temporarily appear far cheaper than they are: Risk corridors and reinsurance. Both programs will expire on Jan. 1, 2017. By November 2016, consumers will know how that sunset will affect their plan’s premium.
Risk corridors and reinsurance are simple concepts: They subsidize insurance companies with taxpayer money.
This leaves the Affordable Care Act in a precarious position. It was sold on the promises of affordability and universal coverage, yet neither promise can be kept after 2017. America’s debate over health-care reform is only getting started.
(Excerpt) Read more at wsj.com ...
The promoters of this disaster only talk about the premiums. What about the horrendous deductibles and the limits on doctors and hospitals? Many doctors are being driven out of private practice and rural hospitals are going broke. Obamacare is ruining health care in the US, but that was always the plan. They want to force a single payer, government-run system on all of us.
Wonder if Mr. Parente knows Dr. Gruber?
government interference was ruining healthcare way before Obamacare, this was just the final nail in the coffin.
“Where are the double-digit premium increases that so many predicted?”
Jack Hammer’s premium has doubled - DOUBLED - in a single year in order to pay for those busy sucking away at the government teat.
correct, pretty easy to keep premiusm down if you jackup deductiables.
I got our new rates today. My per check contribution increased from $147 to $174. At 26 pay checks that’s $700 a year.
Some plans are as high as $550 a check or over $1100 a month. I have the cheapest plan on the list w $25/40 copays. It’s out of control.
“I got our new rates today. My per check contribution increased from $147 to $174. At 26 pay checks that’s $700 a year.
Some plans are as high as $550 a check or over $1100 a month. I have the cheapest plan on the list w $25/40 copays. It’s out of control.”
Wow, are you lucky.
Jeepers...mine increased $150 a month!..and that’s just for one person!
“correct, pretty easy to keep premiusm down if you jackup deductiables.”
Just about any insurance plan you get through your employer now would have been called “catastrophic insurance” 25 years ago. But after 6 years of Obama, “catastrophe” has become the norm.
The annoying thing is, that the health care system was going to hell before Obama hit. It has been getting worse for more than 20 years. He had an opportunity to make it better, and he did almost the opposite of the things that would have helped.
Pay for it your self... $1083/mo, $6000 per person deductible, ZERO copay... all out of pocket until we reach $6000 per person.
13,000 per year premium
6,000 per year expenses before insurance pays a dime
Might as well say health care is right at $20,000 a year for two people if they get anything done at all.
Even at this I have my doubts that the insurance will pay... The contract says the rates they agree to pay are DISCRETIONARY. They can DISCRETE to pay ZERO!
We are being bled dry.
Since 87% of exchange buyers are taxpayer subsidized, are they really all that concerned about rates?
Just askin’
Wouldn’t paying the fine be easier, and look for a policy that is not Obamacare approved??? Not knowing why that would be so high a deductible, and so high payments...unbelievable.
If I could, I would go for a ‘hospital/emergency’ policy that only cover catastrophic events where being in hospital is necessary coverage, and pay for the rest with cash. Like Aflac.
The premium will be pretty high to cover all those deliberate and uninsured AIDS patients (pre-existing conditions)
That is really what this is... hospitalization.
You must be kidding! WOW...what horrible premiums.
I kept saying during the Obamacare discussions, that selling medical insurance across state lines, like auto insurance, would drive down the costs.
These people should have to face some kind of criminal charges.
Was thinking the same thing. We pay $1300 a month for me and hubby. That’s not dental or vision, just straight up health insurance.
I don’t know about anyone else, but my premiums went up by approximately 20% for 2015.
The San Antonio Express News recently ran a story about how the average premium increase is only 4% in Texas. You had to go in about seven or eight paragraphs to discover they were only looking at plans purchased on the public exchange, not plans from private insurers through medium-to-large employers. Those of us with good jobs are getting the shaft. As usual.
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