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At the outset, the ACA will be taking in BILLIONS and paying out nothing. Easy to have low rates at that point. And maybe it's the right thing to do.
But they ain't gonna stay there
You should be in the Health Insurance business!!
I was for over twenty years.
Hated every minute of it.
Except on pay day
The title of the thread says NY rates drop 50%. So either the Op is a liar, highly ignorant or both.
Read the NYTimes you stupid idiot ....
http://www.nytimes.com/2013/07/17/h...t-for-new-yorkers-set-to-fall-50.html?hp&_r=0
I already read, and quoted the article, dullard. Only poor people who go searching for their own insurance will see rate "drops". Those of us who already have insurance will see no such thing. in fact, with other rules in Obama Tax, there will likely be increases.
Let's also not forget all the folks who are going to have their hours slashed so employers dont have to provide something they can not.
It's a really great article if youre poor and want other people's money so you can have something. For everyone else, it's simply going to be burdensome.
Fanatabulous
You should be in the Health Insurance business!!
I was for over twenty years.
Hated every minute of it.
Except on pay day
Why did you hate it? Just wondering...
Can you answer to the questions posted above? So far you haven't taken a stance on this whole is it wise to even buy an insurance under ACA question.
Most people seem to have insurance from their employers so I suppose it's not going to be a complete disaster even if some people choose to only get insurance if they get sick...
State insurance regulators say they have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York. Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly. With federal subsidies, the cost will be even lower.
State insurance regulators say they have approved rates for 2014 that are at least 50 percent lower on average than those currently available in New York. Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly. With federal subsidies, the cost will be even lower.
$308 bucks a month? who the hell is going to pay $308 bucks a month on a part time job? think they would rather spend it on little things like food and rent and just pay the penalty..
Can anyone explain the mechanism which is supposed to make this happen?
Why would anyone even buy insurance if they aren't sick? 308 USD a month is still a huge sum. You could easily take care of routine check ups with that and then buy insurance if it seemed like the costs are going to sky rocket. (This kind of behavior would of course make insurance prices sky rocket).
Or are they just playing a trick on us? 1000 plan that covers everything vs. 300 plan that covers pretty much nothing?
A week in the Hospital can cost you $40,000. Good reason to buy health insurance
The title of the thread says NY rates drop 50%. So either the Op is a liar, highly ignorant or both.
Read the NYTimes you stupid idiot ....
http://www.nytimes.com/2013/07/17/h...t-for-new-yorkers-set-to-fall-50.html?hp&_r=0
I already read, and quoted the article, dullard. Only poor people who go searching for their own insurance will see rate "drops". Those of us who already have insurance will see no such thing. in fact, with other rules in Obama Tax, there will likely be increases.
Let's also not forget all the folks who are going to have their hours slashed so employers dont have to provide something they can not.
It's a really great article if youre poor and want other people's money so you can have something. For everyone else, it's simply going to be burdensome.
Can anyone explain the mechanism which is supposed to make this happen?
Why would anyone even buy insurance if they aren't sick? 308 USD a month is still a huge sum. You could easily take care of routine check ups with that and then buy insurance if it seemed like the costs are going to sky rocket. (This kind of behavior would of course make insurance prices sky rocket).
Or are they just playing a trick on us? 1000 plan that covers everything vs. 300 plan that covers pretty much nothing?
Did you seriously just ask "why would you have insurance if you're not sick"?
Seems most tea party Taliban really believe the garbage they hear on FOX.
For these poor souls: Obamacare is meant to provide insurance for the uninsured.
Your welcome.
Did you seriously just ask "why would you have insurance if you're not sick"?
Yes I did. It's a similar question to "Why would you have fire insurance if your house is not on fire". It doesn't help you in any way unless you actually need it.
It is my understanding that this new Obamacare law makes purchasing insurance possible even if you are already sick (comparable to your house being on fire). I don't know how quickly one can do this though.
Yes, people with "pre existing conditions" can now get the life saving care every American deserves. Did you know that in the insurance world pregnancy and even rape an be considered a "pre existing condition that can get you denied care?
The new premium rates do not affect a majority of New Yorkers, who receive insurance through their employers, only those who must purchase it on their own. Because the cost of individual coverage has soared, only 17,000 New Yorkers currently buy insurance on their own. About 2.6 million are uninsured in New York State.
But some consumers may still find the prices and plans disappointing. Jerry Ball, 46, who owns a recycling business in Queens, said the cost of covering his family increased so rapidly in the last few years that he had to scale back their coverage. Still, he pays nearly $18,000 a year for a high-deductible policy for a family of three.
He said he would be reluctant to part ways with his insurer, Oxford, and was disappointed that even the least expensive Oxford plan being offered next year would cost about as much as he pays now.
Like most, I have a plan through my firm. Can you please contact them and let them know that Obama Tax is bringing down rates? Because mine went up 7% this year and is scheduled to go up 8% next year. I already pay around the same price as Mr. Ball for a monthly plan...for ONE.
Thanks in advance, sucker.
But none of those rate hikes had anything to do with the ACA. Your insurance company raised your rates, not the ACA.
Yes, people with "pre existing conditions" can now get the life saving care every American deserves. Did you know that in the insurance world pregnancy and even rape an be considered a "pre existing condition that can get you denied care?
Yeah, so why would you buy an insurance before you have a condition? If you are healthy you don't need an insurance.
Of course, this is why you have a fine, but I think it's still considerably smaller than 300USD a month.
If many people start doing this, the rates obviously have to rise a lot.
You WILL need healthcare at some point. I've never "needed" my auto insurance and I may never. You WILL end up needing a doctor. The insurance mandate is for those who think they're indestructible...leaving me to pay their emergency room bill with a $10 aspirin.
In Florida, after Hurricane Andrew, dozens of BIG Insurance Companies up and left.
Wanted no part of any more Hurricanes. Only a handful of Companies with Allstate and State Farm being by FAR the biggest stayed.
In a lot of cases, there was no Homeowners Insurance to be had. Allstate and State Farm could only carry so much risk without risking going under.
Without the ability to buy Homeowners Insurance, guess what? You can't buy a Home.
And if you can't buy a Home, Housing Construction stops, When Housing Construction stops, everything stops.
And when Companies cancelled (technically, non-renewed) TENS OF THOUSANDS of existing Homeowners with Mortgages, Mortgage Companies and Banks were having serious Heart Attacks.
So the State of Florida started the FRPCJUA (now called Citizens Insurance) and the rates were LOW. Because of the reasons I stated earlier All incoming, no outgoing.
Thousands of people left perfectly good Companies and went to the State plan. TENS OF THOUSANDS actually.
Of course, because it was run by the State, they fucked it up and the rates quickly quadrupled. About a year. Maybe less.
Those people that left wanted to come back home to Mama.
Not gonna happen. The Companies didn't want them back.
Republicans would say: "Big deal, but what about South Dakota?"
But the ACA is still better than a sharp stick in the eye.
All we gotta do now is get some Intelligent people (Republicans) in office to fix it.
It can work.
Are these the Republicans that crashed our economy to the worst Recession in U.S. history?
...While jacking health care costs to the highest in the world?
Their resume is etched in concrete
The title of the thread says NY rates drop 50%. So either the Op is a liar, highly ignorant or both.
Read the NYTimes you stupid idiot ....
http://www.nytimes.com/2013/07/17/h...t-for-new-yorkers-set-to-fall-50.html?hp&_r=0
