Obamacare: Projected Premium Increases by State - Up as much as 106% next year!, page 1


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Topic started on 22-3-2013 @ 07:35 PM by proximo
Take a gander at the estimated premium hikes by state.

Source: “The Price of Obamacare’s Broken Promises,” report by the House Committee on Energy and Commerce Majority Staff, Senate Committee on Finance Minority Staff, and Senate Committee on Health, Education, Labor & Pensions Minority Staff, March 2013.


Remember that repetitive presidential promise to “cut the cost of a typical family’s premium by up to $2,500 a year”? As 2014 and full implementation of Obamacare get closer, it is crystal clear that won’t be the case.

Obamacare’s most onerous insurance regulations will directly cause insurance premiums to skyrocket, particularly in the individual and small group markets.

While there are many provisions that will increase premiums, two will have the most expensive impact:

Age rating restrictions. Obamacare limits variation in premium costs to a ratio of 3 to 1 based on age. But as Heritage research shows, “The natural variation by age in medical costs is about 5 to 1—meaning that the oldest group of (non-Medicare) adults normally consumes about five times as much medical care as the youngest group.” This means that under Obamacare, young adults will pay significantly higher premiums than they would have prior to Obamacare, and older adults will pay only slightly lower premiums.


This is more insidious than it at first seems, by forcing the young to pay more in their youth, it limits there ability to grow savings for retirement through compounding interest.


New benefit mandates and cost-sharing rules. Heritage expert Ed Haislmaier explains, “The new law adds a number of health care services that insurers must cover and in some cases restricts the ability of insurers and employer self-insured health plans to impose limits on the amount of services patients can consume. This combination will drive up health plan costs and premiums for both individual insurance and employer-group coverage.” In addition, Obamacare prohibits cost sharing on many preventative services, which will dramatically increase utilization of those services—pushing premiums even higher.


Read the rest
Here

I hope this is some kind of exaggeration, or there is going to be a lot of people dying from lack of health care very soon.


reply posted on 22-3-2013 @ 09:28 PM by Southern Guardian
reply to post by proximo



Not sure about these warnings coming from Healthcare corporations, but Healthcare insurers have been increasing their premiums overall for sometime now:



A study from the Kaiser Family foundation found that average annual healthcare insurance premiums increased by over 120% between 1999 to 2009:
ehbs.kff.org...

There will of course be people who will argue that Obama's healthcare law is making it worse, but regardless, health insurers have been increasing their prices collectively for years, and much of that increase occurred during the Bush administration, the time of Bush tax cuts galore, prior to the financial crises of 2008. Healthcare corporations are in the business of maximizing profit, and they will rationalize whatever they need to for good publicity, and their pawns, like those pushing the story from the OP, will parrot their excuses.
edit on 22-3-2013 by Southern Guardian because: (no reason given)



reply posted on 22-3-2013 @ 09:51 PM by bjax9er
reply to post by links234


obamadontcare will destroy the insurance companies, that is what it was designed to do.
ten years from now you will be begging for those big bad insurance companies.


reply posted on 22-3-2013 @ 11:16 PM by proximo
reply to post by Southern Guardian



So, your defense for obamacare is that healthcare costs were already going up really fast?

That's pretty weak don't you think? You will get no argument from me that our healthcare system has sucked for decades, but obamacare was supposed to fix the system, not make it worse.

Healthcare costs have gone up 9 percent per year for 30 years. the federal government paid out 1 trillion in Medicare and Medicaid alone in 2012. Even at 9 percent a year the doubling time is 7 years. So in less than a decade ALL of our tax income will be required just to pay medical costs if this system is't fixed. That is zero for social security, zero for anything else.

Obama has to know those numbers, but still apparently was in favor of increasing costs and not reforming the system all to get some votes from idiots who believe in "Free" medical care. How anyone can support him when he failed so colossally with his signature legislation is beyond me.



reply posted on 23-3-2013 @ 12:00 AM by Southern Guardian
reply to post by proximo



So, your defense for obamacare is that healthcare costs were already going up really fast?

That's pretty weak don't you think?


The argument from your OP and the source of your OP (from none other than conservative Heritage) is predicting significant premium increases, and the sole blame laid is sourced from assumptions about Obama's healthcare law. But we know from data collected over the years, from research, that healthcare companies have been increasing their premiums significantly since well before Obama's healthcare law. This is a fact. Your source is wrong.

You will get no argument from me that our healthcare system has sucked for decades, but obamacare was supposed to fix the system, not make it worse.


What do you mean Obama's healthcare law was supposed to fix the healthcare system? This law has yet to fully impact the system, we're yet to see any real effects. The law was signed in March 23 2010 and the major provisions of the bill have only really come into effective over the last few months. Your source is even predicting that this healthcare law will dramatically impact on premiums (as if these premiums have not been going up already). So why are you jumping the gun?

Obama has to know those numbers, but still apparently was in favor of increasing costs and not reforming the system all to get some votes from idiots who believe in "Free" medical care.


You first say that you believe our system prior to this law was broken as well, but then you claim that supporters of this law are just idiots looking for a free hand out in the way of healthcare. I'm now curious what your own solution is? Because if you're of the opinion that we should just leave healthcare corporations to do what they please in the market and continue to ration out certain groups to drive up demand and profit, then clearly you didn't have an issue with the way the system was before.


reply posted on 23-3-2013 @ 12:49 AM by proximo
Originally posted by Southern Guardian
The argument from your OP and the source of your OP (from none other than conservative Heritage) is predicting significant premium increases, and the sole blame laid is sourced from assumptions about Obama's healthcare law. But we know from data collected over the years, from research, that healthcare companies have been increasing their premiums significantly since well before Obama's healthcare law. This is a fact. Your source is wrong.


Where does it say anything about healthcare costs not increasing the last few decades? As I said costs have been going up at nearly a 9% clip for 30 years, but now we are talking about them going up 40-50% on average in one year. Do you really not see the difference?


What do you mean Obama's healthcare law was supposed to fix the healthcare system? This law has yet to fully impact the system, we're yet to see any real effects. The law was signed in March 23 2010 and the major provisions of the bill have only really come into effective over the last few months. Your source is even predicting that this healthcare law will dramatically impact on premiums (as if these premiums have not been going up already). So why are you jumping the gun?


Ok, so your going to go with that huh, every insurance company is warning rates are about to skyrocket, scores of workers are being forced part time, and you are going with, it hasn't happened yet, they may be bluffing? So let me get this straight your theory is the insurance companies are just using Obamacare as an excuse to gouge? It couldn't be that millions more have to be covered by the same people paying for insurance now and as a result their cost is going up accordingly, nah that's simple economics that can't be it.

This was supposed to be dramatic healthcare reform - but it isn't. It's the same damn system with more bureaucracy, and requirements for everyone to be covered with mandated minimum coverage. It accomplishes absolutely nothing when it comes to trying to reduce costs which would be insanely easy to do. Our system costs double per capita of just about any other 1st world countries system, that is inexcusable.


You first say that you believe our system prior to this law was broken as well, but then you claim that supporters of this law are just idiots looking for a free hand out in the way of healthcare. I'm now curious what your own solution is? Because if you're of the opinion that we should just leave healthcare corporations to do what they please in the market and continue to ration out certain groups to drive up demand and profit, then clearly you didn't have an issue with the way the system was before.


What I was trying to say is most people supporting Obamacare are far - far more concerned about everyone getting coverage than they are about how we are going to afford it, or how the system can be made more efficient. Anyone who has any clue how unsustainable our system is, should realize that if things stay as they are the government won't be able to supply anyone with reasonable coverage in a few short years.

My biggest problem with Obamacare is if you are going to go to a socialist system then go all the way. Instead Obama and the rest of our politicians were more concerned about getting campaign contributions from big pharma, and the medical lobby than actually doing anything that would approach real reform. I'm not really opposed to a socialist system as long as we have the ability to opt out and pay for who we choose if we can afford to. God knows it would be far better than this disaster of a system we have now.

As far as solutions here are a few really easy things that could be done that would make a dramatic difference in costs.
1. Require all doctors and hospitals to list their costs for procedures ahead of time.
2. Require that everyone pays the same rate, that isn't medicare/medicaid. No more haggling BS or special treatment, everyone should pay the same.
3. Put a cap on malpractice - this will have a much larger effect than you might think, because much of the testing done now is not needed but is done just in case the doctor gets sued, he can say look I was really thorough.
4. Allow importation of pharmaceuticals from anywhere - there is no reason the US has to pay for all the worlds drug development costs, we have more than paid our fair share, we deserve to have the same costs as anyone else.
5. Allow private clinics to offer their own insurance - this has proven to be far cheaper because all the middleman get cut out.
6. Only pay for the lowest cost equivalent treatment, the way the system is now if there are two equivalent hip replacements the doctor gets to choose which one he wants to use even if it costs double, and yet he gets paid the full amount. Funny thing is these doctors are getting kickbacks from the hip replacement manufacturers.


reply posted on 23-3-2013 @ 02:18 AM by Southern Guardian
reply to post by proximo



Originally posted by proximo
Where does it say anything about healthcare costs not increasing the last few decades?


The source of your OP doesn't mention anything about the fact premiums have been significantly increasing since before this bill came in, which in part demonstrates why it is misleading. Here's part of the article:

Obamacare’s most onerous insurance regulations will directly cause insurance premiums to skyrocket, particularly in the individual and small group markets.


Apparently Obama's healthcare law is going to directly cause insurance premiums to skyrocket, never mind the fact that they have skyrocketed already, before this law was even signed in. Your source is clearly misleading.


Ok, so your going to go with that huh, every insurance company is warning rates are about to skyrocket, scores of workers are being forced part time,


So the Healthcare insurers are claiming that they'll once again be increasing premiums significantly, but this is because of Obama's healthcare, never mind the fact that the average premium for a family had increased by more that 120% between 1999 to 2009, since before this law was even signed into place. But you're just eating up their excuses right because this is Obama and the Democrats we're talking about?

And by the way, "scores of workers are being forced part time", what's your source for this? Have you bothered to objectively research this beyond anti-Democratic and Obama websites like heritage? I'd like a source.

It couldn't be that millions more have to be covered by the same people paying for insurance


The mandate requires individuals to have some kind of private healthcare insurance, or there will be a penalty. People who sign up as a result will also be paying customers, so I'd like to know where you're coming with this argument here? Also, here's a reality check for you, we're already paying for the cost of healthcare from the uninsured:

Uninsured Americans cost the American healthcare system an additional $49 billion annually, according to a new, recently released government study. That figure includes those with incomes well above the poverty line, who leave hospitals with unpaid tabs that are the cost-shifted to the private side of the health insurance market.

insurance.about.com...
usatoday30.usatoday.com...

We've been paying for the uninsured since well before Obama's healthcare law. But you clearly didn't notice this before Obama came into the picture did you? People like you couldn't give a damn before, now you're blaming the issues that have been worsening for decades on Obama's healthcare law that's only really coming into effect now. You need to take the time to research this objectively.

My biggest problem with Obamacare is if you are going to go to a socialist system then go all the way.


What part of Obama's law is making our system more "socialist"? There's a mandate in there for individuals to have some kind of private insurance, so?


2. Require that everyone pays the same rate, that isn't medicare/medicaid. No more haggling BS or special treatment, everyone should pay the same.


So you want to force for private healthcare corporations to charge everybody the same amount for their healthcare? Or is this taxes? Surely I misunderstood you here? Clarification?

Put a cap on malpractice - this will have a much larger effect than you might think, because much of the testing done now is not needed but is done just in case the doctor gets sued, he can say look I was really thorough.


So all a doctor has to do is claim he or she was thorough, and anybody seeking justice, including real victims, won't have a case? Also 70% of malpractice lawsuits end with no compensation or fail to reach trial:
www.bizjournals.com...
qualitysafety.bmj.com...

Leave the courts to deal with such matters, if the defendants have a strong case then they have a strong case.

4. Allow importation of pharmaceuticals from anywhere - there is no reason the US has to pay for all the worlds drug development costs


Not sure what you mean by this. Which countries with significant medical industries have we blocked medical imports from?

5. Allow private clinics to offer their own insurance


What's stopping these Clinics from offering their own insurance? There are already clinics doing this:
www.businessweek.com...

I'm not too sure about your "solutions".
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