Under Obamacare, N.Y. Insurance Rates DROP 50%

[francoHFW]

NONE of the Pub/hater dupe horrors actually will happen. Masscare proves that- and O-care is better.

Fecking functional morons at this point...

 

[blackhawk]

I know this will be shocking to many here but just because Andrew Cuomo says it does not make it so. Lets see what happens when it's actually up and running.

 

[thereisnospoon]

Soon more states will announce their new rates and those too will be below current ones.

The ACA will be shown to be a limited success, but a success none the less.

Despite the factual data to the contrary, this is your position?
OK....Sounds good.
Just remember, cheaper invariably translates to lower quality.
There will no doubt be some types of coverage available at very low rates. But the coverage will be minimal.
ACA's Bronze plan, the one most likely to be chosen by young healthy people and those on low budgets whose income falls just above any threshold for subsidy or those who get the subsidy and simply do not wish to pay for better coverage, still leaves the insured with 40% of the bill. The Silver plan gets it to 70% leaving the remainder in the lap of the insured.
If this is what you folks call a breakthrough in health insurance coverage, you are drinking the Kool-Aid.

 

[Harry Dresden]

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?

a fucking hangnail can do that.....

 

[francoHFW]

Not anymore. America's biggest worry just disapeared, and no there won't be any Pub horror surprises, dupes. Masscare proves that.

 

[francoHFW]

Soon more states will announce their new rates and those too will be below current ones.

The ACA will be shown to be a limited success, but a success none the less.

Despite the factual data to the contrary, this is your position?
OK....Sounds good.
Just remember, cheaper invariably translates to lower quality.
There will no doubt be some types of coverage available at very low rates. But the coverage will be minimal.
ACA's Bronze plan, the one most likely to be chosen by young healthy people and those on low budgets whose income falls just above any threshold for subsidy or those who get the subsidy and simply do not wish to pay for better coverage, still leaves the insured with 40% of the bill. The Silver plan gets it to 70% leaving the remainder in the lap of the insured.
If this is what you folks call a breakthrough in health insurance coverage, you are drinking the Kool-Aid.

Total Pubcrappe, dupe. Link?

 

[The2ndAmendment]

Really, I live in New York, and my health insurance rates are still climbing, when will this kick in? After the next midterm?

 

[Harry Dresden]

The news just announced that they are delaying the individual mandate until 2015 too.

The HELL they did, dumbazz dupe. That's the idiot Pub House adding that to their 39th!! repeal bill---DOA. LOL

you will need one of these....

[ame=http://www.youtube.com/watch?v=WvKlqMjfk1Y]1950's Decoder Ring TV Commercial - YouTube[/ame]

 

[francoHFW]

It'll happen when O-Care starts, in 2014. aND THIS IS FOR INDIVIDUAL INSURANCE. cOMPANY INSURANCE WILL BEND DOWN...OOOPS OOOPS. NITE!

 

[The2ndAmendment]

It'll happen when O-Care starts, in 2014. aND THIS IS FOR INDIVIDUAL INSURANCE. cOMPANY INSURANCE WILL BEND DOWN...OOOPS OOOPS. NITE!

I will care when it actually happens in the PRESENT. Not some promise (like closing Gitmo) in the future. Carrot on a stick.

 

[auditor0007]

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

Why buy insurance coverage when you have no intention of getting sick? LOL! Oh, if you do get sick, they'll treat you anyway, and you don't have to pay. Someone else will cover the cost. You don't need insurance.

 

[auditor0007]

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"?

I don't buy home owners insurance because my house hasn't burned down yet.

 

[auditor0007]

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"?

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.

Open enrollment will initially be available from October 1, 2013 through March 31, 2014. After that, there open enrollment will only be available from October 15 through December 7 of each year. So if you choose not to purchase insurance, then you get sick, you will not just be able to go out and buy insurance. There will be a waiting period which could be over a full year, as the plans will not go into effect until Jan 1.

This brings me to another question; what happens if you have insurance through an employer and lose your job? Will you be able to purchase a private plan through the exchange immediately? I would assume that you would since you had insurance, but I don't know the answer to this. Greenbeard, a little help on this one please?

 

[bripat9643]

Health Plan Cost for New Yorkers Set to Fall 50%


ndividuals buying health insurance on their own will see their premiums tumble next year in New York State as changes under the federal health care law take effect, state officials are to announce on Wednesday.


http://www.nytimes.com/2013/07/17/h...t-for-new-yorkers-set-to-fall-50.html?hp&_r=0


Republicans are talking to themselves!

"State insurance officials are to announce?" What if the insurance companies don't go along with these plans?

 

[bripat9643]

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.

Idiot

What's your point? Most people do get their insurance through their employer. The exchanges are currently for the individual market and they are finding in NY the same thing they found in CA...the exchanges lower the cost of individual plans.

When did anyone buy insurance through an exchange in California?

Oh yeah, that's right . . . . no one did.

 

[The2ndAmendment]

First of all, the title itself is a LIE.

Insurance rates have not dropped 50%, they've been increasing actually. This thread takes a FUTURE PREDICTION and states it as a PRESENT FACT in the title.

I'll believe it when I see it, I live in new York.

 

[The Rabbi]

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"?

Under Obamacare the answer is there is no reason to. Since insurers cannot consider pre existing conditions it would be cheaper not to buy insurance, pay the penalty, and buy insurance only if the person got seriously ill and needed it.

 

[The Rabbi]

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.

Open enrollment will initially be available from October 1, 2013 through March 31, 2014. After that, there open enrollment will only be available from October 15 through December 7 of each year. So if you choose not to purchase insurance, then you get sick, you will not just be able to go out and buy insurance. There will be a waiting period which could be over a full year, as the plans will not go into effect until Jan 1.

This brings me to another question; what happens if you have insurance through an employer and lose your job? Will you be able to purchase a private plan through the exchange immediately? I would assume that you would since you had insurance, but I don't know the answer to this. Greenbeard, a little help on this one please?

I presume you'd still be covered under COBRA. But the Dums have made such a mess of this there's no telling.

 

[Greenbeard]

Soon more states will announce their new rates and those too will be below current ones.

The ACA will be shown to be a limited success, but a success none the less.

Despite the factual data to the contrary, this is your position?
OK....Sounds good.
Just remember, cheaper invariably translates to lower quality.
There will no doubt be some types of coverage available at very low rates. But the coverage will be minimal.
ACA's Bronze plan, the one most likely to be chosen by young healthy people and those on low budgets whose income falls just above any threshold for subsidy or those who get the subsidy and simply do not wish to pay for better coverage, still leaves the insured with 40% of the bill. The Silver plan gets it to 70% leaving the remainder in the lap of the insured.
If this is what you folks call a breakthrough in health insurance coverage, you are drinking the Kool-Aid.

More than half of individual market plans sold today have actuarial values below the bronze threshold.

Percentage Of Individual Policies, By Actuarial Value And Plan Type, 2010

Group plans, on the other hand, virtually never offer anything below bronze-level coverage.

Percentage Of Group Policies, By Actuarial Value And Plan Type, 2010

What the ACA will do is move that distribution of generosities for individual plans to look a little more like the distribution for group plans, though not quite all the way. I expect a graph like that for exchange plans in a few years would show a peak in the silver plan range, as those will probably be the most popular.

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.

Open enrollment will initially be available from October 1, 2013 through March 31, 2014. After that, there open enrollment will only be available from October 15 through December 7 of each year. So if you choose not to purchase insurance, then you get sick, you will not just be able to go out and buy insurance. There will be a waiting period which could be over a full year, as the plans will not go into effect until Jan 1.

This brings me to another question; what happens if you have insurance through an employer and lose your job? Will you be able to purchase a private plan through the exchange immediately? I would assume that you would since you had insurance, but I don't know the answer to this. Greenbeard, a little help on this one please?

It'll work just like open enrollments for group plans work under HIPAA now. Even though you can generally only switch or join coverage during the annual open enrollment period, certain changes/life events trigger brief special open enrollment periods. So if you lose existing coverage (maybe you change jobs to one that doesn't offer health benefits) and need to transition to buying in the exchange, you'll have 60 days to buy a new plan.

But obviously getting sick, having a heart attack, getting hit by a bus, etc. don't count as qualifying events. So if you're trying to game the system by waiting for sickness or injury to buy coverage, you'll still have to wait for October to get coverage (and for January for that coverage to actually kick in). And all expenses incurred during that wait belong to you.

 

[CrusaderFrank]

Hey Cass can you tell us why there's a delay in implementing this wonderful cost bending program?

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