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bounty44 -> RE: Latest news on Obama Care (1/11/2016 6:25:13 AM)
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posted this on the obamacare thread I started last month, its worth posting again:
quote:
No matter how you slice the numbers, Obamacare premiums will rise significantly next year. The Obama administration estimates rates will rise 7.5 percent in 2016…
"Many more insurers lost money than made money in 2014"
This meant that in 2014, many insurers spent more paying out medical bills than members paid in premiums. Premera Blue Cross Blue Shield of Alaska lost $9 million covering just under 8,000 Obamacare enrollees that year. In Colorado, Rocky Mountain HMO found medical bills to be about 36 percent higher than premiums.
Now insurers are raising their rates to make sure premiums do cover claims. In some states, that means double-digit rate hikes.
There are other insurers who didn't have this problem, who priced correctly and turned a profit. But they're in the minority of those selling on the health law's new marketplaces.
"Many more insurers lost money than made money in 2014," says Larry Levitt, senior vice president for special initiatives at the Kaiser Family Foundation.
This year is a different story: For the first time, insurance plans have an entire year of data on their patients. They know that their patients are sicker than expected — and will soon learn whether Obamacare enrollees are willing to pay significantly higher premiums.
As Caroline Pearson, a senior vice president at the health consulting firm Avalere, puts it, "2016 is going to be a make-or-break year."
http://www.vox.com/2015/12/14/9910650/obamacare-premiums-2016
quote:
Consumers will see their Obamacare premiums skyrocket in 2016, as insurers raise prices to cover the mounting cost of regulations and to cover losses incurred by participating in the program.
An analysis of data from the Robert Wood Johnson Foundation found that premiums for benchmark "silver plans" have risen by an average of 11.3 percent for 2016. A further breakdown reveals that consumers in 47 states saw their premiums rise, 23 states saw double-digit increases, and four states saw increases exceeding 30 percent. Alaska saw the highest increase, at 35.6 percent, and its average silver plan premiums will reach a staggering $643 in 2016.
http://www.washingtonexaminer.com/map-see-which-states-have-the-highest-obamacare-rate-hikes/article/2578545
quote:
The Affordable Care Act is in a "death spiral" predicted by Republicans, Pennsylvania Sen. Pat Toomey said Sunday.
"If we look at what is happening right now, I think we’re witnessing the death spiral that many of us predicted," Toomey said on "The Cats Roundtable" on AM 970 in New York. "Especially given a hospital has to treat someone who shows up, and you can buy health insurance even if you already have an existing condition, these people are not in fact signing up and paying the premiums."
Only the older and sicker are participating, Toomey told host John Catsimatidis, and that drives up costs, causing younger, healthier people to drop out.
Toomey noted that "fully half of the healthcare co-ops around the country have already failed," and "The other half are probably going to fail next year."
http://www.newsmax.com/Newsmax-Tv/catsimatidis-toomey-obamacare-death/2015/12/13/id/705612/#ixzz3uoMrwv00
yeah, that all just sounds wonderful.
theres more, you can read the rest of the same here if you want:
http://www.collarchat.com/m_4866945/tm.htm#
neverminding what I said some time later in the thread: this is ultimately a battle between freedom from government intrusion and more collectivism.
and you know what comrades---being FOR freedom from government intrusion doesn't make people who oppose it obamacare, or more government, racist, sexist, xenophobic, or whatever. if can you get that through your liberal brains then the conversations take place on a more appropriate level.
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