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Old 11-28-2012, 11:52 AM
 
Location: Sarasota FL
6,536 posts, read 8,644,086 times
Reputation: 6074

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Health insurance companies were permitted to charge older people 5 times the amount older people paid for a policy. HHS has changed the 5 times to 3 times. To make up the difference, insurance companies will be allowed to increase the premiums for younger people.
Effective 1/1/14, people age 18-24 will see an increase of 45% and people age 25-29 will see an increase of 35% on the amount they pay for a health insurance policy. Failure to purchase a policy will have a $695 'penalty'.
Since a large majority of people under 30 voted for Obama, we can assume that this is what they wanted and there should be no complaints.
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Old 11-28-2012, 11:55 AM
 
23,851 posts, read 19,183,395 times
Reputation: 9378
The average American doesn't understand the legislative process. Most think that legislation alone is the driver of policy output. That's only partially true. While legislation lays out the framework, the rulemaking process is where the details are hashed out.

Obamacare gave wide latitude to HHS to do pretty much whatever it deemed necessary to implement Obamacare. That's why Nancy Pelosi saiid "we have to pass it to see what's in it."

If American's actually understood the process, they may be more reluctant to support Congressional misgivings such as Obamacare.

It's a disaster, and we'll all pay for it because we have no control over the rulemaking process.

www.regulations.gov (If you'd like to see what your government is actually doing to you)
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Old 11-28-2012, 12:26 PM
 
Location: Great State of Texas
86,093 posts, read 70,023,912 times
Reputation: 27523
Young are the least likely to need medical care compared to older adults.
And don't forget that there is no pre-existing and no lifetime caps anymore.

We have to be prepared to pay out tens of millions of dollars per person if the need arises.

There was a reason the insurance companies did what they did and that was to avoid bankruptcy.
But the government seems to know better.
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Old 11-28-2012, 12:31 PM
 
10,317 posts, read 5,435,041 times
Reputation: 3134
Quote:
Originally Posted by HappyTexan View Post
Young are the least likely to need medical care compared to older adults.
And don't forget that there is no pre-existing and no lifetime caps anymore.

We have to be prepared to pay out tens of millions of dollars per person if the need arises.

There was a reason the insurance companies did what they did and that was to avoid bankruptcy.
But the government seems to know better.
If anyone knows about spending like there is no tomorrow, its the Federal government.
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Old 11-28-2012, 12:42 PM
 
3,537 posts, read 2,210,084 times
Reputation: 1021
It is astonishing how progressives love Obamacare. It does everything to empower large Insurance Companies to make more profit.
Unless that was part of the plan on the way to UHC.
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Old 11-28-2012, 12:44 PM
 
16,553 posts, read 11,075,134 times
Reputation: 4226
It's going to cost people just as much to get a ACA policy as it would to get a private policy now and most likely even more.
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Old 11-28-2012, 02:55 PM
 
22,770 posts, read 25,251,597 times
Reputation: 14506
Quote:
Originally Posted by d4g4m View Post
Health insurance companies were permitted to charge older people 5 times the amount older people paid for a policy. HHS has changed the 5 times to 3 times. To make up the difference, insurance companies will be allowed to increase the premiums for younger people.
Effective 1/1/14, people age 18-24 will see an increase of 45% and people age 25-29 will see an increase of 35% on the amount they pay for a health insurance policy. Failure to purchase a policy will have a $695 'penalty'.
Since a large majority of people under 30 voted for Obama, we can assume that this is what they wanted and there should be no complaints.
eh, whatever. my risk pool is already designed this way, where the old and young pay identical rates. I'm not sure who this will increase costs on, exactly.. maybe young people who buy their own individual insurance policy.

it is sort of comical, though , how government policy is always timed in a way to benefit the boomers. The cap comes into play just as they get old.
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Old 11-28-2012, 03:55 PM
 
Location: Honolulu, HI
4,937 posts, read 5,080,197 times
Reputation: 6176
Quote:
Originally Posted by BoomBen View Post
It is astonishing how progressives love Obamacare. It does everything to empower large Insurance Companies to make more profit.
I don't get it either! We are given a choice, pay the corporations, or pay Uncle Sam. As far as I see it, The Patient Protection and Affordable Care Act is just another prime example of government and corporate powers merging. Not only that, nobody in Congress read the damn thing before they voted on. If some say it's good for the middle-class, poor and disabled, well, damn it it MUST BE.
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