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Private Insurance to raise cost after reform as much as $4,000

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posted on Oct, 12 2009 @ 01:06 PM
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The white house is blasting the private health care industry for a report that shows we are going to be taken for a ride on the raise of health care cost rather than the savings the Government is claiming.


A top goal of Obama in seeking to revamp health care is to rein in costs that have soared in recent decades. The report, prepared by consultants PricewaterhouseCoopers and posted on the industry group's website over the weekend, said costs would increase for Americans rather than decline.

"Health reform could have a significant impact on the cost of private health insurance coverage," the report concluded.


www.cnbc.com...

Once the health care reform is passed with not public option and mandatory to buy private insurance we are going to be stuck with higher cost and not savings.

Coming from the mouth of the private health care industry itself.

But like I been saying all alone but nobody wants to listen



[edit on 12-10-2009 by marg6043]




posted on Oct, 12 2009 @ 01:26 PM
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reply to post by marg6043
 


All part of their plan to have more people dependent on the government teat.

They are in the process of making themselves indespensible.

Say goodbye to America folks. . . .



posted on Oct, 12 2009 @ 01:51 PM
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reply to post by marg6043
 


S & F!

What is commonly known as the double bind...damned if you do damned if you dont. *Sigh*

Maybe if they would just leave well enough alone, these terrible things would not happen!



posted on Oct, 12 2009 @ 01:57 PM
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Ok, I was explaining this to my chinese co-worker the other day and it dawned on me how few people realize the sham this whole insurance thing is.

There is a lot of talk about the "public option". I know there's more to the "reform" than that, but that's the bigger of the items. I am surprised and a little concerned about how many people think that the "public option" is the free version. They think that as long as they pay their taxes, they would get free insurance with the public option, completely ignoring the fact that in every incarnation thus far, there has always been a premium attached.

I call shenanigans on the MSM and lawmakers for not making this clear to people. Basically you would (ok, in the original 1000 pg behemoth) be automatically enrolled into a plan that you then MUST pay a premium on. Then if you opted out, you get fined, unles you find another plan to pay premiums on..

Wouldn't this be a whole lot simpler if we just said that the private hospitals can turn away anyone who doesn't have insurance or proof of capacity to pay and then we leave the public hospitals open for people who can't afford insurance? Then the private hospitals get richer, the insurance companies get richer, and the public hospital just shoulder the brunt of all of the people who can't afford insurance until the counties can no longer afford them and start closing doors. Then the sick poor people would just die and the rich people can stop having to worry about them.


Ok, sorry, fell into sarcasm a bit there at the end.. I am in a bit of a mood today.



posted on Oct, 12 2009 @ 02:12 PM
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I am sounding like a stuck record now, but what people doesn't seem to understand is that the Public option is not an option in the bill that is in congress right now and ready to be voted next week.

In other words what is been passed have clauses to increased the Medicare and Medicaid qualifications, the rest of the tax payer and workers will be stuck with private insurance premiums mandatory as the government can easily track anybody that works to make sure they are getting insurance.

I am a Dependant on government health care as my husband is a retire marine with benefits, our government health care is Tricare humana, they are not free but the cost are a lot better than other private insurance.

My husband just found out last week by E-mail that they Obama administration wants to get rid of the government funded health care and make us now pay for private insurance with the health care reform, so we already knew since last week what the private insurance is talking about.

Is nothing but deceptions people, is not such thing as free health care as Medicare and Medicaid is pay by the tax payer and work force in the nation.

People were fighting for the wrong things and now next week we will be forced into taking private health care and pay the prices because is mandatory.

So what I see here is the private health care making sure that when the bill is passed and people are stuck with private coverage by mandate we are aware that the premiums will not save us any money at all and they will be raising the cost due to the demand that will increase because people will be forced to take their insurances

I think they are doing us a favor making the rest of those that had no clue what is going on aware of what is coming.

Sad.



posted on Oct, 12 2009 @ 02:15 PM
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Just on a very simple level, I never have understood how eliminating pre-existing conditions and eliminating lifetime benefit thresholds were ever going to reduce insurance costs. Common sense would tell you that getting rid of those two things alone would make costs go up, not down.

Ever wonder why hospitals, drug companies and the like, were for this plan? They stand to make out big time.



posted on Oct, 12 2009 @ 02:19 PM
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All I have to add is:

DUH!

Of course the rates are going to sky rocket. You've got a forced buy situation should this go through. They can charge whatever they want, and you still have to buy it. Or face an even bigger cost in the way of a fine.

Where the heck did anyone think the money was coming from????

Go back to the original threads on healthcare and you will see where all of us "nay-sayers" said exactly the same thing.



posted on Oct, 12 2009 @ 02:24 PM
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To me it sounds like the insurance companies by saying and doing this are doing one thing.

They are telling the American people, this happens and we will screw you big time (like they don't already) sounds nothing more than Blackmail to me , it really does, if health reforms as some have said is because the insurance companies are are secretly pushing for it, why then are they running scared about what it will do to them?

And before you say it has nothing to do with me, I have a right to have a say because these same companies took everything I had when I lived in the States, and wanted more.

What they are doing is trying to pass on any losses to the People, does that sound like they have your welfare and well being at heart? really?



posted on Oct, 12 2009 @ 02:24 PM
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Originally posted by lpowell0627
All I have to add is:

DUH!

Of course the rates are going to sky rocket. You've got a forced buy situation should this go through. They can charge whatever they want, and you still have to buy it. Or face an even bigger cost in the way of a fine.

Where the heck did anyone think the money was coming from????

Go back to the original threads on healthcare and you will see where all of us "nay-sayers" said exactly the same thing.


Good point here. Will this be regulated like the Auto Insurance industry is on a state level? Will they setup pricing schedules and open markets? I haven't heard anythin about that, although I admit, I haven't been tracking this issue lately.



posted on Oct, 12 2009 @ 02:32 PM
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reply to post by rogerstigers
 


Actually the bill have clauses for those that will not qualify for Medicare or Medicaid to have checks from the government as subsidies to help with the cost, one more reason for the private insurance to raise the rates but screw those that will not qualify for subsidies.

Still nothing but more gouging of the tax payer that at the end, have to pay for the two entitlement programs we have for the poor, pay for our own insurance by mandate and also pay for those that can not afford their insurance with government checks.

Isn't that peachy.



posted on Oct, 12 2009 @ 02:36 PM
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reply to post by marg6043
 


So are you saying that there is no price regulation in place in this bill? Eveyone will be mandated to buy it, but no industry caps on the % rate increase, etc.? I smell a rat.



posted on Oct, 12 2009 @ 02:37 PM
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Trying to look up info on PWC and found they Advisory services offered by PwC also include two actuarial consultancy departments; Actuarial and Insurance Management Solutions (AIMS) and a sub branch of "Human Resource Services" (HRS). Actuarial covers mainly 4 areas: pensions, life insurance, non-life insurance and investments. AIMS deals with life and non-life insurance and investments while HRS deals mainly with pensions. Non life insurance is Casualty insurance. And I never seen where they advise on health insurance at all.

en.wikipedia.org...

[edit on 12-10-2009 by JBA2848]



posted on Oct, 12 2009 @ 02:40 PM
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Or then there is that slim liklihood that the insurance comapnies simply DON'T want any kind of reform and this is their way of scaring people into opposing it. Think about it. Why in the world would they WARN everyone if there was legislation pending that would amount to a winfall for them? They wouldn't. They'd be doing everything in their power to ensure that the legislation passed.

But instead they are lobbying hard and fast against it. Why? Because they so love us that they want to prevent us from having to pay more? Yea right. They want to be left alone so they can 'regulate themselves' as they have been for the last forever. Health insurance costs have risen between 88% and 145% over the last 10yrs. They're going to make damned sure they do whatever it takes to keep that gravy-train rolling. And the first thing they need to do is get the government off their back. No better way to do that then get the mob riled-up.



posted on Oct, 12 2009 @ 02:48 PM
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reply to post by rogerstigers
 


The bill is over 1000 pages and to tell you the truth it have parts in it that nobody can tell what they mean and what are they are for.

I guess after the report by the private health care insurance the government will either have to postpone the voting or add more to it.

This going to get very sticky next week.



posted on Oct, 12 2009 @ 02:50 PM
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Ok I found where PWC is in health care for about a month now seems they hired 11 people and there now claiming to be health care speacialist.

PricewaterhouseCoopers adds 11 professionals and new capabilities to Health industries advisory practice in Metropolitan New York , September 14, 2009

www.pwc.com...

Revenue Cycle Management
Kenneth Sheridan

Clinical Informatics and Healthcare Delivery
John Geraghty
Tom Hagan

Supply Chain Management
Ellen Reilly
Eileen O’Donnell

Governance and Strategic Planning
Cliff Bleustein,
Franklin Campbell

Pharma/Life Science Business Information Technology Strategy
Richard Burke
Hemant Ramachandra
Steven Kahn
Maxim Duprat



posted on Oct, 12 2009 @ 02:52 PM
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reply to post by jtma508
 


Is not reason to lobby against the reform as is not going to be any public option in the bill, as a matter of fact this a win win for them, what I think they are afraid for is thet fact that premiums will be increased as the bulk of the people that will have to get health care will increased, that means the group of people that they can stop from getting health insurance will have the right to insurance, increasing the expenditure for the private insurance to cover existing health care problems.

It means more money that they have to put forth for treatments.

So I thing private insurance are actually afraid of what all this can mean to their profits.




posted on Oct, 12 2009 @ 02:56 PM
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reply to post by JBA2848
 


The facts are that is not going to be public option at least up to today, second we are to get mandatory private insurance, it doesn't take a genius to figure out that now with private insurance no able to turn down anybody they will have to come out with more money for those people that have pre existing health care problems

This means, that their profits will be gone, actually mandatory health care can probably bankrupt many of the private insurance we have right now.

This becoming very interesting, I guess the greedy private insurance were not counting on that one.



posted on Oct, 12 2009 @ 03:05 PM
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reply to post by marg6043

according to the facts... this web site explains the COLA & Medicare/Medicaid not getting any increases this coming year (2010)

so my Medicare will remain at $96.40 mo., same as it was for both 2008 & 2009 ~& will be in 2010...
whew!, i was sure Medicare would increase by the 3.5% that all medical costs rose (as a part of the CPI-W formula) during this year.


see these two pages for fuller explainations on COLA, medicare payment rates for medicare A,B,C,D
and a volly of other pertinent related issues. A very helpful resource


www.seniorark.com...

seniorark.com...



posted on Oct, 12 2009 @ 03:08 PM
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reply to post by marg6043
 


Marg,

Do you have any info on whether they will be able to charge $800+ for people with chronic managed conditions (such as type I diabetes), etc.? I make about 100K per year, but if I had to make payments to a private company outside of work, that would just bankrupt me between my wife's diabetes, my hearing loss and family history of mental issues, and my step daughter's psych issues. Sure they can't turn me down, but they can charge me a super high premium and I make to much for a subsidy. I guess I could quit my job and start building theatrical sets for $11/hr again. I'll lose my house and my car and pretty much everything else, but I'll be able to buy my government mandated insurance because I'll be poor enough to qualify for a subsidy..


BTW, the reason I bring this issue up is the number of people who work as contractors in my field. They make good money, but cannot afford medical insurance because they can't get a group plan. ALso there is a very real possibility of companies dropping their insurance benefits in order to save money and let people buy from the private market.

[edit on 10-12-2009 by rogerstigers]



posted on Oct, 12 2009 @ 03:25 PM
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Originally posted by jtma508
Or then there is that slim liklihood that the insurance comapnies simply DON'T want any kind of reform and this is their way of scaring people into opposing it. Think about it. Why in the world would they WARN everyone if there was legislation pending that would amount to a winfall for them? They wouldn't. They'd be doing everything in their power to ensure that the legislation passed.

But instead they are lobbying hard and fast against it. Why? ...



because any small health insurer will have to ramp up their secretarial & clerk & processor pools of human resources....
then have major expendatures in computers & the thousands of servers needed to expedite the +100,000 newly added clients/members. [out of a potential 40 million member 'uninsured' base which will require coverage almost immediately]

On the plus side (which didn't excape the Obama administration think-tankers) all these new administrative assistants that the health insurance industry will need to hire, can be found at the unemployment lines !

Also, on the plus side...all these newly hired paper pushers will be 'officed' in many of the recession created empty office buildings and office spaces in vacant strip malls all over the land !

As for the infrastructure needed to process this health insurance industry the communications companies and service enterprises will get a much needed shot-in-the-arm.


All in All, the Obama model will invigorate the economy, put millions to work (albiet in a service capacity), refocus the economy from manufacturing to informayion processing & communication interchange & transfer (once the digital health record operation is finalized)

Paradigm shift anyone?

[edit on 12-10-2009 by St Udio]




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