Posted on 06/15/2016 5:16:00 PM PDT by Kaslin
If you look up unaffordable in a dictionary, it should be right there under Obamacare. Premium hikes are coming for those on these health insurance plans. We all knew this was going to come down like a hammer. Guy has been tediously documenting how those on these plans are about to hit the inevitable iceberg, where hikes are expected to soar into the double-digits. It’s become so bad that Americans are now opting to pay the penalty and remain uninsured because it’s the better economical choice. Now, those double-digit hikes are going to hit those on low-cost plans under the law next year (via AP):
Premiums for popular low-cost medical plans under the federal health care law are expected to go up an average of 11 percent next year, said a study that reinforced reports of sharp increases around the country in election season.
For consumers, the impact will depend on whether they get government subsidies for their premiums, as well as on their own willingness to switch plans to keep the increases more manageable, said the analysis released Wednesday by the nonpartisan Kaiser Family Foundation.
The full picture on 2017 premiums will emerge later this summer as the presidential election heads into the home stretch. The health law's next sign-up season starts a week before Election Day. Democrat Hillary Clinton wants to build on President Barack Obama's health overhaul, which has reduced the uninsured rate to a historically low 9 percent. Republican Donald Trump wants to repeal it.
The Kaiser study looked at 14 metro areas for which complete data on insurer premium requests is already available. It found that premiums for a level of insurance called the "lowest-cost silver plan" will go up in 12 of the areas, while decreasing in two. The changes range from a decrease of 14 percent in Providence, Rhode Island, to an increase of 26 percent in Portland, Oregon.
Half of the cities will see increases of 10 percent or more. Last year, only two of the cities had double-digit increases.
"Premiums are going up faster in 2017 than they have in past years," said Cynthia Cox, lead author of the analysis.
Among the cities studied, the monthly premium for a 40-year-old nonsmoker in 2017 will range from $192 in Albuquerque, New Mexico, to $482 in Burlington, Vermont.
UnitedHealth has withdrawn from a few Obamacare markets across the country, citing monumental losses. It recently sounded the retreat from California, and will probably exit from most of the state-level marketplaces by 2017. In North Carolina, Blue Cross and Blue Shield, the only insurer that offers Obamacare plans to all 100 counties, might pull out of the Obamacare market after costumers consumed $830 million in health care costs, but only collected $75 million in premiums. That’s an unsustainable business model. In fact, it’s a total disaster. The last of the state-based exchanges are on life support, billions have been wasted, and now the inevitable spike in premiums. It’s not working, and people’s wallets and home budgets are being set on fire at an accelerated rate.
Unexpected
Islamic unvetted Liar: "We the EXEMPT will all save $2000 each year.
and WE, the EXEMPT, will keep our doctors.
The rest of you will soon be dead by tuberculosis or Islam,
so just keep quiet as we disarm you."
Holy Crap. GO TRUMP!!
Golly.
I guess ...
The only thing that can save us is ...
Single Payer!!!
Costumers,eh? Everyone in D.C. is a costumer and a fraud for dressing up that monumental disaster of legislation. Too many voters are a bunch of idiots for going along with it.
Clintoon will be in office by them. She’ll blame the increase on Bush and the NRA. The clowns infesting this country will like it up.
LOL!
But... but... but... the average family of four was supposed to be saving so very much every year by filtering our insurance needs through the massive and inefficient federal bureaucracy. Zero promised us all on many occasions.
Could it be that a Democrat lied to the American people?
Maybe the Republicans in the house and senate should “deem and pass” an impeachment with no input from the dems and throw Zero’s @ss into the street on Pennsylvania Avenue.
My cost for the pewter plan was $8,000 per year.
But I had to spend $10,000 out of pocket before the insurance kicked in. I figured for $18,000 I could get plenty of service at a concierge facility.
Incidentally, I get a 30% discount from my doctor and his lab for not having insurance. That actually makes visits very affordable.
Sure...in 2017....with Obummer safely out of office and free stuff takers elect Hillary before the hike.
I think we are on a serious precipice.
I used to have a great ind plan and paid $178 per month.... cancelled due to obamacare. New Plan, with features I didnt’ want... $516, same plan January 2016... $726. For the first time in my life, I have had to change to an HMO... Kaiser, now costing me $450... which doesnt’ even allow you to use normal pharmacies for basic scripts -_-
I don’t feel sorry for any of these people...
Heck .... This stuff won’t matter to Democrats .... ... They will put the blame upon the Republicans and spin a good story about how they wanted to lower premiums but the evil GOP would’t let them. In the mean time the GOP will be cowering and trying to make amends for all of the perceived harm they have done and vow to try to fix it.
FUBO.
I just love his..if you like your doctor you can keeo your doctor....thingy. I am on my third doctor now. This one is a woman who got her medical degree in Pakistan. I miss the old days when I could understand my doctor.
No, lots of single prayers, not payer.
We have a free standing lab in our area that does any lab work without a doctor being involved. They do not accept insurance and release the lab reports to the individual. Plenty cheap and fast. We use a local internist who does not accept insurance or use electronic medical records. After we have lab results just talk to her nurse and she calls us back with recommendations/prescription. Minimal charge if you pay cash.
This approach obviously won’t work for someone who has a chronic or critical illness but it works for most stuff in our family.
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