Obamacare kicks in - Health insurance rates down

[crussmith2]

Consumers across the country are now saving over a BILLION dollars because of Obamacares cap on insurance premiums and have already gotten back over 1 billion in rebates from over charging insurers according to the Kaiser foundations analysis

Beyond Rebates: How Much Are Consumers Saving from the ACA?s Medical Loss Ratio Provision? | The Henry J. Kaiser Family Foundation

 

[Wyatt earp]

from your link

These data (filed on the Supplemental Health Care Exhibit) suggest that the main beneficiaries of the MLR rule’s upfront premium savings are people who purchase insurance on their own. The majority of plans sold to small and large businesses were already in compliance with their respective MLR thresholds before the law went into effect

 

[crussmith2]

Yepers - it's those not working for big companies, those with small employers or self employed and having to buy their own insurance, that benefited MOST. Overall 2 billion is out of the big insurance Piggy bank and into the hands of little guys who are spending it and growing the economy from the bottom up - as god intended. Your point?

 

[Wyatt earp]

Yawn.........

Of course, it is hard to know with certainty what premiums would have been if the MLR rules were not in place:

 

[konradv]

Yepers - it's those not working for big companies, those with small employers or self employed and having to buy their own insurance, that benefited MOST. Overall 2 billion is out of the big insurance Piggy bank and into the hands of little guys who are spending it and growing the economy from the bottom up - as god intended. Your point?

Thanks for the cite. Good counter to the "Obamacare will bankrupt us" BS.

 

[Katzndogz]

Insurance rates are up to astronomical points but democrats will just lie about it anyway.

 

[konradv]

Insurance rates are up to astronomical points but democrats will just lie about it anyway.

No cite vs. a cite from a well-respected foundation!!! Who are we supposed to believe? COME ON, you've got to be able to do better than lame propaganda.

 

[Wry Catcher]

Another lie exposed. Without lies what would the Republican-Conservative-Health Insurance Complex be able to say? If the outcome had been to cut government by $ 2 Billion Dollars people like Bears513 would celebrate such a law. Hypocrisy thy name is conservative.

 

[crussmith2]

Yawn.........

Of course, it is hard to know with certainty what premiums would have been if the MLR rules were not in place:

It's impossible to know for certain if any time series regression might be capturing a spurious trend. In this case maybe insurers would have just reduced rates anyway - even though the rates have been part of the largest and steadiest sector price increase over the last 50 years. And maybe RonalD T Reagan f@wted rainbows. both those propositions are equally likely!

 

[Wry Catcher]

Insurance rates are up to astronomical points but democrats will just lie about it anyway.

No cite vs. a cite from a well-respected foundation!!! Who are we supposed to believe? COME ON, you've got to be able to do better than lame propaganda.

Katzndogz does worse. S/he lies and thusly is considered ridiculous by most of us.

 

[g5000]

Consumers across the country are now saving over a BILLION dollars because of Obamacares cap on insurance premiums and have already gotten back over 1 billion in rebates from over charging insurers according to the Kaiser foundations analysis

Beyond Rebates: How Much Are Consumers Saving from the ACA?s Medical Loss Ratio Provision? | The Henry J. Kaiser Family Foundation

How in the world did you get the impression health insurance rates are down? Even your own link shows they have climbed dramatically.

ObamaCare was not designed to bend the cost curve down. The rubes were victimized by a classic bait-and-switch con.

 

[crussmith2]

"Adding to the premium savings the amount individual market consumers received in rebates yields a total savings of $1.2 billion for 2011.... compute what these consumers would have paid in premiums in 2011 and 2012 had traditional individual market MLRs stayed at 2010 levels (the year before the provision went into effect). Looked at this way, premiums would have been $856 million higher in 2011, and premiums would have been $1.9 billion higher in 2012."

Those claiming no savings are shown in this study need remedial reading classes

 

[DiamondDave]

Posting a link that says exactly the opposite... way to go troll

LMAO

 

[g5000]

"Adding to the premium savings the amount individual market consumers received in rebates yields a total savings of $1.2 billion for 2011.... compute what these consumers would have paid in premiums in 2011 and 2012 had traditional individual market MLRs stayed at 2010 levels (the year before the provision went into effect). Looked at this way, premiums would have been $856 million higher in 2011, and premiums would have been $1.9 billion higher in 2012."

Those claiming no savings are shown in this study need remedial reading classes

Your topic title says, "Health insurance rates down".

This is a falsehood. You are the one who requires remediation.

 

[CrazedScotsman]

I don't know about everyone else but our insurance premiums have been going up pretty much, every other month. It even went up $10.00 this month and we get our insurance on our own.

It's getting to expensive and we are going to cancel it after this month as soon as we get check ups. We will keep the health insurance for our children, but my wife and I won't have any.

 

[Wyatt earp]

Insurance rates are up to astronomical points but democrats will just lie about it anyway.

No cite vs. a cite from a well-respected foundation!!! Who are we supposed to believe? COME ON, you've got to be able to do better than lame propaganda.

Katzndogz does worse. S/he lies and thusly is considered ridiculous by most of us.

^^^^^^ the pot calling the kettle black.....

 

[crussmith2]

insurers are saving 2 billion over the rate they paid in 2010 according to Kaiser - and you can't even argue with the quotations above which demonstrate that finding.
Let me allow you to vent some philosophical angst since analysis of econometric data is obviously far beyond your pay grade.
Obamacare caps insurer profit margins - they have to refund anything they net over that cap. That is 2 billions of savings so far. the premium savings are going up while the rebates go down.
The next savings will be in the form of increased competition - something you likely wouldn't understand anyway since con men know how to say free enterprise but all they do is act to kill it through using the state to promote oligopoly. We will s trt getting the competition savings NEXT year!

 

[t_polkow]

Insurance rates are up to astronomical points but democrats will just lie about it anyway.

No cite vs. a cite from a well-respected foundation!!! Who are we supposed to believe? COME ON, you've got to be able to do better than lame propaganda.

Katzndogz does worse. S/he lies and thusly is considered ridiculous by most of us.

There is always jesuscare for those christians who reject AHCA

 

[crussmith2]

I used to pay 20% more for quilted charmin - till i changed stores.
Anecdotal evidence notwithstanding IF you are paying more in a market going down it's because you don't have or are not taking advantage of other insurance companies with lower rates. If you don't have access then next year your state insurance commissioner or the insurance lobby in your legislature can no longer game the system against you. After Obama care goes completely into effect you will be able to chosse a lower cost insurer even where state oligopolies prevent that now.

 

[Katzndogz]

I'm not responsible for your ignorance, there have been many threads on insurance rates going up on this board.

Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146% - Forbes

Premiums set to rise this year in run-up to ObamaCare tax on insurance industry | Fox News

Ohio Dept. Of Insurance: Obamacare To Increase Individual-Market Health Premiums By 88 Percent - Forbes

6.3% Health Premium Increases Projected for 2013

Under Obamacare, Costs Going Up, Not Down ? California Political Review

I could go on for pages, but democrats, as stupid and as ideologically driven as they are never get their myths trampled by the truth.

Arguing over the rise in health care costs is becoming nothing more than a topic of conversation. The real story is the collapse of the obama regime. Once he's gone, his health care abortion will be gone too.