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Individual health insurance costs varies widely by state and income level. Worthless plans sold at ridiculous low rates are being replaced with real health insurance at substantial increases in cost.Since there are only 15 million people covered by individual insurance in the country, 15 million is the maximum number of possible cancellations in the individual healthcare market. Therefore a figure of 93 million must include an estimate of the group insurance policies that will be cancelled. This is extremely misleading since almost all group insurance policies are changed yearly and reissued.As I noted last week, in 2010, the Obama administration estimated that 93 million Americans would be unable to keep their prior health coverage under the narrow grandfathering provisions issued by the administration in June 2010. My colleague Chris Conover estimates that the number is 129 million. And we are here only talking about disruptions to private health plans, and not counting the laws $716 billion in cuts to Medicare.
Its for these reasons that Delta Air Lines has said that it will spend $100 million more on health insurance in 2014 than it did in 2013, and why labor unions have complained that Obamacare will drive the costs of collectively bargained, union administered plans, and other plans that cover unionized workers to unsupportable levels.
Fact-Checking The President's Kind-Of Sort-Of 'Apology' For Obamacare-Driven Insurance Cancellations - Forbes
Instead of cancelling policies and offering replacements, the insurance companies could have sent a letter out saying your plan is being upgraded to the ACA requirements and your premium next year will be xxx, then there would be no cancellations just changes in benefits and premiums. However, this would not be in the best interest of their customers since many would qualify for substantial subsidies by going through the exchange. Although cancelling policies creates political fallout for the administration, it's much better than just upgrading the plans and adjusting premiums.
Health Insurance Coverage of the Total Population | The Henry J. Kaiser Family Foundation
With xxx being about 50% higher than what it was before.
Almost 250,000 Colorado residents have or will have their health insurance plans cancelled under ObamaCare, the state’s Division of Insurance said Wednesday.
A spokesman for the agency said in a press release that the plans are being cancelled for numerous reasons, one being that some of the plans do not meet the new requirements for patient care under the Affordable Care Act.
The agency stated that so far under ObamaCare, 106,083 people in the individual market have lost their plans and 143,116 people in the small group market have lost theirs.
The agency said it is addressing the cancellations to quell consumer “alarm or confusion” over changes to their health insurance.
"Consumers who have questions about these letters or any questions about their health insurance policy should contact the Division," Commissioner of Insurance Marguerite Salazar said in a statement. "While some plans are being cancelled, Coloradoans have many new options for 2014, due to the strength and competitiveness of our health insurance market."
KDVR reports that just 3,408 Colorado residents have signed up for health insurance so far using the ObamaCare exchanges. However, 34,168 Colorado residents have signed up for insurance under the law’s Medicaid expansion.
On Monday, President Obama continued to fine tune his promise that Americans who like their health plans would be able to keep them, as thousands of consumers receive health insurance cancellation notices.
The president told about 200 of his campaign supporters and health care activists that the administration had promised Americans they could keep their current coverage -- as long as their plans hadn’t changed since ObamaCare was signed into law.
"If you have or had one of these plans before the Affordable Care Act came into law and you really liked that plan, what we said was you could keep it if it hasn't changed since the law's passed," Obama said. "So we wrote into the Affordable Care Act you are grandfathered in on that plan. But if the insurance company changes it, then what we're saying is they have got to change it to a higher standard. They've got to make it better."
Obama said his health care law is making the insurance market better for everyone, even though millions of Americans who buy individual plans have been receiving cancellation notices. He said the notices "can be scary for people," but added they were often getting "a very bad deal."
"The bottom line is -- is that we are making the insurance market better for everybody and that's right thing to do," he said.
The Associated Press contributed to this report
Almost 250,000 Colo. residents lose health plans under ObamaCare | Fox News
This is going on all over the country--making it millions whom are getting letters from their insurers telling them they're dropped. I know it's the high deductible plans that Coloradoans chose along with millions of others to get--which saved them on their monthly premiums. These people calculated how much they can afford in a deductible and chose the plan in that manner. What right does Obama have--to make them go to more expensive plans--with lower deductibles to meet his cough-cough "Affordable Health Care Bill?"
Individual health insurance costs varies widely by state and income level. Worthless plans sold at ridiculous low rates are being replaced with real health insurance at substantial increases in cost.Since there are only 15 million people covered by individual insurance in the country, 15 million is the maximum number of possible cancellations in the individual healthcare market. Therefore a figure of 93 million must include an estimate of the group insurance policies that will be cancelled. This is extremely misleading since almost all group insurance policies are changed yearly and reissued.
Instead of cancelling policies and offering replacements, the insurance companies could have sent a letter out saying your plan is being upgraded to the ACA requirements and your premium next year will be xxx, then there would be no cancellations just changes in benefits and premiums. However, this would not be in the best interest of their customers since many would qualify for substantial subsidies by going through the exchange. Although cancelling policies creates political fallout for the administration, it's much better than just upgrading the plans and adjusting premiums.
Health Insurance Coverage of the Total Population | The Henry J. Kaiser Family Foundation
With xxx being about 50% higher than what it was before.
Individual health insurance costs varies widely by state and income level. Worthless plans sold at ridiculous low rates are being replaced with real health insurance at substantial increases in cost.With xxx being about 50% higher than what it was before.
Not every plan that was cancelled was worthless.
It seems out of character for you to stoop to using the silly meme.
Individual health insurance costs varies widely by state and income level. Worthless plans sold at ridiculous low rates are being replaced with real health insurance at substantial increases in cost.
Not every plan that was cancelled was worthless.
It seems out of character for you to stoop to using the silly meme.
No, most plans being cancelled aren't worthless. The insurance company is just adding one or more new benefits and adjusting premiums so the plan can be marketed as ACA compliant.
http://www.valuepenguin.com/health-insurance/DE/coventryone-catastrophic-100-hmo-plan
https://www.healthcare.gov/
There are a number of plans that provide practically no coverage but have very low premiums. Since worthless plans have to be replaced with real usable insurance, the premium without subsidies will increased substantially. For example, an individual plan with a $20,000 deductible, 40% coinsurance, and $30,000 yearly maximum out of pocket could be purchased in Florida for about $50/mo before the ACA goes into effect. The replacement plan has a $6350 deductible, $6350 yearly maximum out pocket with a premium of $132. This is a 264% increase in premium. This of course is not a fair comparison but that's how people will report it on the Internet.
Many worthless group insurance plans base premiums on employee turnover. Such plans were marketed by CIGNA and a number of other companies. CiGNA's plan required an average employee turnover of 70% a year, average employee age less than 40, $2000 deductible, 30% coinsurance, and exclusions for maternity, preexisting conditions and hospital admission for the first 6 month of employment. The average premium was about $30 to $40/mo. Some states even allow this insurance to be secondary to other insurance such as auto insurance. So if the employee was injured in an accident,which is the most common major claim for young people, this employer health insurance will probably pay little or nothing.
These plans are sold to businesses with younger employees with high turnover rates. Since most employees of these businesses leave within the first 6 months, claims are rare and profit margins are high. For most employees it's a ripoff. When the ACA is implemented for employer sponsored insurance, this type of insurance will have to be replaced will real insurance and the premiums will probably double. So the headlines will read, health insurance premiums will double at xyz company. What you won't see is the fact that that the company is replacing a worthless plan with real usable insurance.
Individual health insurance costs varies widely by state and income level. Worthless plans sold at ridiculous low rates are being replaced with real health insurance at substantial increases in cost.
Not every plan that was cancelled was worthless.
It seems out of character for you to stoop to using the silly meme.
No, most plans being cancelled aren't worthless. The insurance company is just adding one or more new benefits and adjusting premiums so the plan can be marketed as ACA compliant.
CoventryOne Catastrophic 100% HMO Plan DE
https://www.healthcare.gov/
There are a number of plans that provide practically no coverage but have very low premiums. Since worthless plans have to be replaced with real usable insurance, the premium without subsidies will increased substantially. For example, an individual plan with a $20,000 deductible, 40% coinsurance, and $30,000 yearly maximum out of pocket could be purchased in Florida for about $50/mo before the ACA goes into effect. The replacement plan has a $6350 deductible, $6350 yearly maximum out pocket with a premium of $132. This is a 264% increase in premium. This of course is not a fair comparison but that's how people will report it on the Internet.
Many worthless group insurance plans base premiums on employee turnover. Such plans were marketed by CIGNA and a number of other companies. CiGNA's plan required an average employee turnover of 70% a year, average employee age less than 40, $2000 deductible, 30% coinsurance, and exclusions for maternity, preexisting conditions and hospital admission for the first 6 month of employment. The average premium was about $30 to $40/mo. Some states even allow this insurance to be secondary to other insurance such as auto insurance. So if the employee was injured in an accident,which is the most common major claim for young people, this employer health insurance will probably pay little or nothing.
These plans are sold to businesses with younger employees with high turnover rates. Since most employees of these businesses leave within the first 6 months, claims are rare and profit margins are high. For most employees it's a ripoff. When the ACA is implemented for employer sponsored insurance, this type of insurance will have to be replaced will real insurance and the premiums will probably double. So the headlines will read, health insurance premiums will double at xyz company. What you won't see is the fact that that the company is replacing a worthless plan with real usable insurance.
http://www.healthplans.com/get-quotes/?CID=6300&SRC=hp_google&Sub_ID=health%20care%20insurance%20colorado&position=1t3&google_network=g&creativeid=23206877597&adposition={position}&matchtype=b&mobile=&bw_keyword=health%20care%20insurance%20colorado&bw_state=Colorado
FIND HEALTH INSURANCE YOU CAN AFFORD from $2 a day in Colorado
Health insurance quotes from top providers such as:
Blue Cross
Blue Shield
Aetna
UnitedHealthCare
Humana
Cigna
Kaiser
----------------------------------
Perhaps those people should try this site? Seems to be what they need.
http://www.healthplans.com/get-quotes/?CID=6300&SRC=hp_google&Sub_ID=health%20care%20insurance%20colorado&position=1t3&google_network=g&creativeid=23206877597&adposition={position}&matchtype=b&mobile=&bw_keyword=health%20care%20insurance%20colorado&bw_state=Colorado
FIND HEALTH INSURANCE YOU CAN AFFORD from $2 a day in Colorado
Health insurance quotes from top providers such as:
Blue Cross
Blue Shield
Aetna
UnitedHealthCare
Humana
Cigna
Kaiser
----------------------------------
Perhaps those people should try this site? Seems to be what they need.
What's your point. That has always existed.
http://www.healthplans.com/get-quotes/?CID=6300&SRC=hp_google&Sub_ID=health%20care%20insurance%20colorado&position=1t3&google_network=g&creativeid=23206877597&adposition={position}&matchtype=b&mobile=&bw_keyword=health%20care%20insurance%20colorado&bw_state=Colorado
FIND HEALTH INSURANCE YOU CAN AFFORD from $2 a day in Colorado
Health insurance quotes from top providers such as:
Blue Cross
Blue Shield
Aetna
UnitedHealthCare
Humana
Cigna
Kaiser
----------------------------------
Perhaps those people should try this site? Seems to be what they need.
What's your point. That has always existed.
Always existed? Since less than a year?
I don't understand your statement, "Now, I have $6000 plus deductible," The ACA makes possible additional healthcare coverage for all Americans. Healthcare costs will rise for some and go down for others. Additional benefits will lead to a healthier nation with better healthcare outcomes.Not every plan that was cancelled was worthless.
It seems out of character for you to stoop to using the silly meme.
No, most plans being cancelled aren't worthless. The insurance company is just adding one or more new benefits and adjusting premiums so the plan can be marketed as ACA compliant.
CoventryOne Catastrophic 100% HMO Plan DE
https://www.healthcare.gov/
There are a number of plans that provide practically no coverage but have very low premiums. Since worthless plans have to be replaced with real usable insurance, the premium without subsidies will increased substantially. For example, an individual plan with a $20,000 deductible, 40% coinsurance, and $30,000 yearly maximum out of pocket could be purchased in Florida for about $50/mo before the ACA goes into effect. The replacement plan has a $6350 deductible, $6350 yearly maximum out pocket with a premium of $132. This is a 264% increase in premium. This of course is not a fair comparison but that's how people will report it on the Internet.
Many worthless group insurance plans base premiums on employee turnover. Such plans were marketed by CIGNA and a number of other companies. CiGNA's plan required an average employee turnover of 70% a year, average employee age less than 40, $2000 deductible, 30% coinsurance, and exclusions for maternity, preexisting conditions and hospital admission for the first 6 month of employment. The average premium was about $30 to $40/mo. Some states even allow this insurance to be secondary to other insurance such as auto insurance. So if the employee was injured in an accident,which is the most common major claim for young people, this employer health insurance will probably pay little or nothing.
These plans are sold to businesses with younger employees with high turnover rates. Since most employees of these businesses leave within the first 6 months, claims are rare and profit margins are high. For most employees it's a ripoff. When the ACA is implemented for employer sponsored insurance, this type of insurance will have to be replaced will real insurance and the premiums will probably double. So the headlines will read, health insurance premiums will double at xyz company. What you won't see is the fact that that the company is replacing a worthless plan with real usable insurance.
So, I have, until the end of the year a catastrophic plan that had a $5000 deductible. Now, I have $6000 plus deductible, that now cost me more. How is this helpful for a middle class person who had the 5k saved up and had nice low premiums?
What's your point. That has always existed.
Always existed? Since less than a year?
Yes, always existed. There were plans out there for less than $2/day that had decent coverage.
Always existed? Since less than a year?
Yes, always existed. There were plans out there for less than $2/day that had decent coverage.
No there wasn't and you can't prove there were.
Always existed? Since less than a year?
Yes, always existed. There were plans out there for less than $2/day that had decent coverage.
No there wasn't and you can't prove there were.
I don't understand your statement, "Now, I have $6000 plus deductible," The ACA makes possible additional healthcare coverage for all Americans. Healthcare costs will rise for some and go down for others. Additional benefits will lead to a healthier nation with better healthcare outcomes.No, most plans being cancelled aren't worthless. The insurance company is just adding one or more new benefits and adjusting premiums so the plan can be marketed as ACA compliant.
CoventryOne Catastrophic 100% HMO Plan DE
https://www.healthcare.gov/
There are a number of plans that provide practically no coverage but have very low premiums. Since worthless plans have to be replaced with real usable insurance, the premium without subsidies will increased substantially. For example, an individual plan with a $20,000 deductible, 40% coinsurance, and $30,000 yearly maximum out of pocket could be purchased in Florida for about $50/mo before the ACA goes into effect. The replacement plan has a $6350 deductible, $6350 yearly maximum out pocket with a premium of $132. This is a 264% increase in premium. This of course is not a fair comparison but that's how people will report it on the Internet.
Many worthless group insurance plans base premiums on employee turnover. Such plans were marketed by CIGNA and a number of other companies. CiGNA's plan required an average employee turnover of 70% a year, average employee age less than 40, $2000 deductible, 30% coinsurance, and exclusions for maternity, preexisting conditions and hospital admission for the first 6 month of employment. The average premium was about $30 to $40/mo. Some states even allow this insurance to be secondary to other insurance such as auto insurance. So if the employee was injured in an accident,which is the most common major claim for young people, this employer health insurance will probably pay little or nothing.
These plans are sold to businesses with younger employees with high turnover rates. Since most employees of these businesses leave within the first 6 months, claims are rare and profit margins are high. For most employees it's a ripoff. When the ACA is implemented for employer sponsored insurance, this type of insurance will have to be replaced will real insurance and the premiums will probably double. So the headlines will read, health insurance premiums will double at xyz company. What you won't see is the fact that that the company is replacing a worthless plan with real usable insurance.
So, I have, until the end of the year a catastrophic plan that had a $5000 deductible. Now, I have $6000 plus deductible, that now cost me more. How is this helpful for a middle class person who had the 5k saved up and had nice low premiums?
No one is running.
Folks are asking for reasonable changes to make it better.
Link to such asking?
So what. 250,000 people in Colorado lost their coverage. Hundreds of thousands will lose their insurance. If they don't like it they can vote the ones who did this to them out. They have a year to go without. It isn't like there's a choice. Suck it up. Just make sure democrats never get the chance to do this again.
Stop complaining and make your plans.
I don't understand your statement, "Now, I have $6000 plus deductible," The ACA makes possible additional healthcare coverage for all Americans. Healthcare costs will rise for some and go down for others. Additional benefits will lead to a healthier nation with better healthcare outcomes.So, I have, until the end of the year a catastrophic plan that had a $5000 deductible. Now, I have $6000 plus deductible, that now cost me more. How is this helpful for a middle class person who had the 5k saved up and had nice low premiums?
What additional benefits do I get?
No one is running.
Folks are asking for reasonable changes to make it better.
Link to such asking?
It's been common knowledge for yeaers, proven by facts, so no there won't be just once more.
