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

[Wyatt earp]

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.

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.

so we will still have folks using the ER as their doctor. I cant wait to see how many folks enroll in October. The Obama care supporters is in for a wake up call.

 

[Claudette]

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

Sent from my DROID RAZR using Tapatalk 2

Thats easy. The election is in 2014. Once folks get a load of the ACA I doubt they will be stampeding to vote for the Dem idiots that passed it.

Wait till 2015, after the election, to put this POS to work.

 

[The Rabbi]

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.

That's because individual plans represent the decisions of actual individuals and their needs. Obamacare substitutes government wisdom for that, telling people what they need and, of course, what they must pay for.
In the past a healthy 22 year old with student debt could opt for a catastrophic plan for a very low premium and pay back his student loan with the savings. Now he has to default on his student loan because he is forced to pay for coverage he doesnt need or want.

 

[Katzndogz]

It dawned on parents that if they are allowed to keep adult children on their insurance until age 26, they were going to have to pay those premiums and it isn't such a good idea any more.

 

[Harry Dresden]

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

what happened?......you shit yourself again?.....

 

[Harry Dresden]

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.

well were i am at if you have a mortgage it is required.....just sayin....

 

[Harry Dresden]

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.

you are right i believe they start in 2014....

 

[Papageorgio]

wow!!!!!!!!!!!!!!!!!!!!

that's awesome!!

Republicans would say: "Big deal, but what about South Dakota?"

Who said that?

 

[drivebymedia]

No matter the lies and bad mouthing, seems the Republicans can't stop the steamroller named "Obamacare"

 

[Harry Dresden]

wow!!!!!!!!!!!!!!!!!!!!

that's awesome!!

Republicans would say: "Big deal, but what about South Dakota?"

Who said that?

he is like Dean.....it sounded good because it had the word REPUBLICANS in it.....

 

[Harry Dresden]

No matter the lies and bad mouthing, seems the Republicans can't stop the steamroller named "Obamacare"

and say it does indeed fuck everything up.....will we see you here saying you were wrong?....or will everyone here be saying....."what ever happened to that guy?"

 

[The Rabbi]

No matter the lies and bad mouthing, seems the Republicans can't stop the steamroller named "Obamacare"

The GOP doesnt need to stop it. Obama and his administration are stopping it all by themselves.

 

[drivebymedia]

Republicans would say: "Big deal, but what about South Dakota?"

Who said that?

he is like Dean.....it sounded good because it had the word REPUBLICANS in it.....

The GOP Obstructors are saying that as you listen to Rush!

 

[drivebymedia]

No matter the lies and bad mouthing, seems the Republicans can't stop the steamroller named "Obamacare"

The GOP doesnt need to stop it. Obama and his administration are stopping it all by themselves.

As you wait for Godot?

Never mind, keep waiting, he will show up .... after the play is over!

lol!

 

[Edgetho]

Republicans are on the wrong side of this whole thing.

IMO, it's the real reason Romney lost the Presidential election.

People want this but they want it to work right.

What we need to do is tell people that when we take power again, we're going to look at the ACA and fix it if possible. If not, we'll tear it down and start all over.

My objection isn't to the idea of mandatory participation in Health Insurance, it's to the fact that dimocraps fuck up everything they touch unless under the Adult Supervision of Republicans.

They do. They really do.

We NEED a mandated Health Insurance law. Subsidized, encouraged, forced, required, employer-paid... Whatever. Some or all of those components.

Republicans are truly missing the boat on this one.

But the dimocraps pissed Republicans off by not allowing them to take part in the drafting of the bill. It was pretty shitty, the way dimocraps treated Republicans when they had a filibuster-proof Senate, the House and the Executive.... Almost total power.

And we need to remember that when we take power back. Which we will. Anybody that doesn't know that is too stupid to breathe.

The ACA could have been a really good thing, but dimocraps are dimocraps and they'll fuck it up. Like they do everything else they touch.

Everything.

 

[Harry Dresden]

Who said that?

he is like Dean.....it sounded good because it had the word REPUBLICANS in it.....

The GOP Obstructors are saying that as you listen to Rush!

yea i listen to that ass.....you had better learn about the people here before you open up your yap about what everyone does....you might actually learn something....

 

[Little-Acorn]

Health Plan Cost for New Yorkers Set to Fall 50%

NY's Obamacare premiums were subsidized heavily by taxpayers (true in all states).

By "cut", do you mean that they are only going to take half as much from taxpayers to subsidize the payments, as they used to?

I didn't think so.

Welcome to Liberal Land, where a "cut" means most people have to pay more.

 

[drivebymedia]

Health Plan Cost for New Yorkers Set to Fall 50%

NY's Obamacare premiums were subsidized heavily by taxpayers (true in all states).

By "cut", do you mean that they are only going to take half as much from taxpayers to subsidize the payments, as they used to?

I didn't think so.

Welcome to Liberal Land, where a "cut" means most people have to pay more.

Do you use Preparation H for your agita?

Or take it neat ....

 

[Luddly Neddite]

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

And, there's no way of knowing when that week in the hospital will become necessary.

Luckily, ObamaCare covers routine check ups and won't penalize you for pre-existing conditions.

Currently, rw's get their free health care from the socialist EMTALA enacted by Ronnie Ray-Gun. Same with the illegals they hate so much. No money and pregnant? Not a problem. Just go the emergency room. Need an abortion? The emergency room is just down the street.

Meanwhile, the GObP is wasting even more of our tax money with yet another of their phony votes against ObamaCare while they get their ObamaCare free because us taxpayers pay for it.

 

[Vox]

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

And, there's no way of knowing when that week in the hospital will become necessary.

Luckily, ObamaCare covers routine check ups and won't penalize you for pre-existing conditions.

Currently, rw's get their free health care from the socialist EMTALA enacted by Ronnie Ray-Gun. Same with the illegals they hate so much. No money and pregnant? Not a problem. Just go the emergency room. Need an abortion? The emergency room is just down the street.

Meanwhile, the GObP is wasting even more of our tax money with yet another of their phony votes against ObamaCare while they get their ObamaCare free because us taxpayers pay for it.

post a link in Obamacare where EMTALA is repealed.