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

[Greenbeard]

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.

People under 30 can still choose to buy catastrophic plans with actuarial values below the bronze level of coverage if they wish.

 

[Trajan]

don't smokescreen......


by who and how?

You get burned by incurring expenses you can't afford. Because you're uninsured.

Luckily, folks no longer have to worry about that.

In other news, individual market premiums in New York are dropping by 50%. Yowza!

for who? and how many? the times used the most expensive market and extreme example and rates that had no where really but to go flat or down, and laud it as the second coming.....

hey, you keep truckin' you've got some on the hook here, you always will, I am sure the suspension of the employer mandate is great news too, n all is well, according to plan, like the CLASS act dropping dead of its own weight...*shrugs*


Your hiatus's to get schooled as to how to spin the news on whatever other legs for from under this stool will become longer and longer.....

Its ok, I am patient.

 

[drivebymedia]

The Government would rather get it right, than push it.

The handful of companies effected by the postponement couldn't be happier.

Everyone is happy with Obamacare!

So the companies have another 6 months to get it right.

Yayhhhhhh.....

 

[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.

Total Pubcrappe, dupe. Link?

Francocrappe....

Christ..Are you fucking kidding boat boy?
Obamacare: Platinum, Gold, Silver, Bronze Coverage - Obamacare News
snipperoo.....
Platinum plans will cover 90% of a person’s health care costs.

Gold plans will cover 80% of a person’s health care costs.

Silver plans will cover 70% of a person’s health care costs.

Bronze plans will cover 60% of a person’s health care costs.
People in denial are pretty funny. You are an amusing individual. And not in a good way.
CNN Money....
Obamacare: Is a $2,000 deductible 'affordable?' - Jun. 13, 2013.
Now sit down and shut up. You might learn something. Or not.

 

[thereisnospoon]

The Government would rather get it right, than push it.

The handful of companies effected by the postponement couldn't be happier.

Everyone is happy with Obamacare!

So the companies have another 6 months to get it right.

Yayhhhhhh.....

You must be kidding.
No one, not even the leftiest or lefties could be this gleeful over a government program.
How it is you became such a socialist?

 

[drivebymedia]

Editorial

The Good News on Insurance Premiums

Published: July 18, 2013 7 Comments

Individuals and families who buy health insurance on their own will pay significantly lower premiums next year in New York and many other states. It is the most impressive evidence yet that the Affordable Care Act, through its mandates and competition-promoting health insurance exchanges, can hold previously rising premiums in check


http://www.nytimes.com/2013/07/19/opinion/the-good-news-on-insurance-premiums.html?hp&_r=0

Very good news!

 

[Harry Dresden]

The Government would rather get it right, than push it.

The handful of companies effected by the postponement couldn't be happier.

Everyone is happy with Obamacare!

So the companies have another 6 months to get it right.

Yayhhhhhh.....

everyone is?.....do you read anything else besides the Obama care news?...

 

[DiamondDave]

Editorial

The Good News on Insurance Premiums

Published: July 18, 2013 7 Comments

Individuals and families who buy health insurance on their own will pay significantly lower premiums next year in New York and many other states. It is the most impressive evidence yet that the Affordable Care Act, through its mandates and competition-promoting health insurance exchanges, can hold previously rising premiums in check


http://www.nytimes.com/2013/07/19/opinion/the-good-news-on-insurance-premiums.html?hp&_r=0

Very good news!

Except the rest of the money needed to pay for the coverages that these select few see with a reduction in cost, is coming from OTHERS.. resulting in a TOTAL INCREASE IN THE COST OF THE SERVICE...

Once again.. others paying for shit you want or 'need'

 

[Londoner]

ObamaCare is going to function on an Orbitz types system where consumers are given a list of providers and rates, giving them the option to select the cheapest one or use whatever sort criteria that suits them. Of course, the current monopolists who own the health insurance markets (and their republican allies in government ) are freaking out. Why? Because they are going to have to compete for customers. This will force them to innovate and lower prices. And we know that big business hates when their monopolies are replaced by competitive markets.

 

[Wyatt earp]

ObamaCare is going to function on an Orbitz types system where consumers are given a list of providers and rates, giving them the option to select the cheapest one or use whatever sort criteria that suits them. Of course, the current monopolists who own the health insurance markets (and their republican allies in government ) are freaking out. Why? Because they are going to have to compete for customers. This will force them to innovate and lower prices. And we know that big business hates when their monopolies are replaced by competitive markets.

what customers? the people with out health insurance now wont want to pay a few hundred a month extra out of there budgets when all they have to do is pay the penalty..

 

[drivebymedia]

Editorial

The Good News on Insurance Premiums

Published: July 18, 2013 7 Comments

Individuals and families who buy health insurance on their own will pay significantly lower premiums next year in New York and many other states. It is the most impressive evidence yet that the Affordable Care Act, through its mandates and competition-promoting health insurance exchanges, can hold previously rising premiums in check


http://www.nytimes.com/2013/07/19/opinion/the-good-news-on-insurance-premiums.html?hp&_r=0

Very good news!

Except the rest of the money needed to pay for the coverages that these select few see with a reduction in cost, is coming from OTHERS.. resulting in a TOTAL INCREASE IN THE COST OF THE SERVICE...

Once again.. others paying for shit you want or 'need'

Didn't Rush ever teach you how insurance works?

We all pay for the loss sonny - all of us - it's how insurance works.

OMG! Really?!?

 

[ShaklesOfBigGov]

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.

You were saying???? ......

Beginning in 2014, insurers will be required to pay two new fees as a result of provisions contained in the Patient Protection and Affordable Care Act (PPACA).

1 Health Insurance Industry Fee – This fee on health insurers (including HMOs) starts at $8 billion in 2014 and increases year over year before reaching $14.3 billion in 2018. After 2018, it will continue to increase with premium growth. The fee, which applies only to insured business, will be based on each insurer’s share of the taxable health insurance premium base (among all health insurers of U.S. health risks).

2. Reinsurance Assessment – This assessment on health plans totals $25 billion, which will be collected over the three-year period from 2014 through 2016. The majority of the money will be used to fund a reinsurance program, which is intended to lessen the impact of high-risk individuals entering the individual market. The assessment applies to both insured and self-insured commercial medical plans.

http://www.cigna.com/assets/docs/ab...-industry-and-reinsurance-fees-fact-sheet.pdf

When it becomes law, families will save on their premiums,” President Obama declared in his weekly radio address before Christmas, pitching his health care reform.

If only that were so. Nobody who tracks health insurance sees any sign of softening premium prices for people who already have insurance, ObamaCare or not. Premiums for 2010 were up 10% and are predicted to keep growing at the same rate in coming years.

Also, the legislation requires HMOs to pay $7 billion annually in new fees. That will get passed on to individuals and employers who buy the policies. So-called Cadillac health plans will be taxed at 40%, for anything spent on premiums above $23,000 for a family or $8,500 for an individual, according to the latest Senate bill. The $149 billion this is expected to raise over 10 years will also be passed on directly to employers (and their workers) in the form of higher premiums.

Why ObamaCare Will Raise Your Bill - Forbes

Apparently PPACA ... IS having a direct impact on raising health insurance premiums that employers and consumers must pay. This link below, shows the growing direct result of these higher health care costs being passed down to employers.

HMOs Decline, Consumer Plans Rise As Health Insurance Option - Forbes

 

[Londoner]

Medicare faced the exact same problems. Reagan and the Healthcare monopolies all predicted an end to the world. There were new stories every day, often incoherent. First we heard that it would lead to pure socialism; but it didn't, we've seen an explosion in healthcare profits ever since. Then we heard horror stories about waste and inefficiency. This didn't happen either as the administrative costs for Medicare are the lowest in the industry. Funny that way, when you remove the useless profit sucking bastards that sit between Dr. and patient.

The healthcare monopolies and their Republican allies are going to feed us a steady diet of bullshit. This is what happens When the corporations who own government are forced to compete. It never goes well. You should've seen what happened when they started to break up telecom in the 70s. Republicans and big business hate it when monopolies die, especially when those monopolies fund their elections and their media systems. The last thing on earth John Galt wants is competition. This is why the US Government exists: to protect the monopolies who staff government through election funding.

They told horror stories about where Medicare would lead, yet now the Republican Party cannot win an election in Florida without promising Republican seniors that they will not touch their Medicare. The same thing will eventually happen with Obamacare. Every time you break up Republican supported monopolies, you hear propaganda about socialism. Same old story, different day.

 

[drivebymedia]

Those Red States whose Governors rejected the Insurance exchange, and expansion of Medicaid, are experiencing the 'revenge of the Insurance cartel'

Rather than show the Republicans some appreciation, the Health Insurers have applied the Big Oil gouging techniques.

And they have only just begun.

 

[Quantum Windbag]

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!

Just curious, did you actually read the article, then compare the actual prices, and coverage, of policies in New York before Obamacare and after? Or did you just take the word of the liars that wrote the article?

 

[Trajan]

The Government would rather get it right, than push it.

The handful of companies effected by the postponement couldn't be happier.

Everyone is happy with Obamacare!

So the companies have another 6 months to get it right.

Yayhhhhhh.....

oh right, Obamacare was passed dec 24, 2009, Christmas Eve? no need to push right? we'll just legislate this like Medicare

and the companies don't have anything to do.....but wait on Obama......jesus, why do you talk to issues you have little knowledge of?

 

[Trajan]

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!

Just curious, did you actually read the article, then compare the actual prices, and coverage, of policies in New York before Obamacare and after? Or did you just take the word of the liars that wrote the article?

and remember, if you 're in some upstate areas, it doesn't count if your premiums go up....

 

[thereisnospoon]

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!

Just curious, did you actually read the article, then compare the actual prices, and coverage, of policies in New York before Obamacare and after? Or did you just take the word of the liars that wrote the article?

and remember, if you 're in some upstate areas, it doesn't count if your premiums go up....

The reported rates which are cheaper do not take into account the limited coverage and out of pocket expense.
This has been spelled out several times in this thread.
Yet, the Obama car cheerleaders focus on the amount of the premiums alone.
That's the same as a doctor telling a patient he or she has an illness and not discussing the treatment.

 

[thereisnospoon]

Those Red States whose Governors rejected the Insurance exchange, and expansion of Medicaid, are experiencing the 'revenge of the Insurance cartel'

Rather than show the Republicans some appreciation, the Health Insurers have applied the Big Oil gouging techniques.

And they have only just begun.

Ok...How so? Show some data...
And before you go off to google, we've already covered the reasons why in some cases premiums are rising or coverage for employees has been changed.
Try something else.

 

[Political Junky]

Cost is down to half in California, too.