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There are a lot of presumptions herein about insurance premiums 'skyrocketing'. Of course, only time will tell.
However, since some 30 million formerly uninsured people will begin purchasing health insurance, many of them (obviously not all) healthy, then one may speculate that insurance rates will, in the long run, come down. After all, the purpose of any insurance is to 'spread the risk'.
There are a lot of presumptions herein about insurance premiums 'skyrocketing'. Of course, only time will tell.
However, since some 30 million formerly uninsured people will begin purchasing health insurance, many of them (obviously not all) healthy, then one may speculate that insurance rates will, in the long run, come down. After all, the purpose of any insurance is to 'spread the risk'.
Prices don't move downward, when there is a lack of competition.
I take it you have never run a business.
I know what it feels like to have no competition. I can charge 4 times more for my services than other investigators in a saturated market, because I'm the only game in town, that specializes in my chosen field.
However, since some 30 million formerly uninsured people will begin purchasing health insurance, many of them (obviously not all) healthy, then one may speculate that insurance rates will, in the long run, come down. After all, the purpose of any insurance is to 'spread the risk'.
Even with ACA there will be 30 million still uninsured. Rates will NEVER come down.
I have yet to read or hear anywhere where anyone is paying less today then they did a year ago. That trend will continue.
There are a lot of presumptions herein about insurance premiums 'skyrocketing'. Of course, only time will tell.
However, since some 30 million formerly uninsured people will begin purchasing health insurance, many of them (obviously not all) healthy, then one may speculate that insurance rates will, in the long run, come down. After all, the purpose of any insurance is to 'spread the risk'.
There are a lot of presumptions herein about insurance premiums 'skyrocketing'. Of course, only time will tell.
However, since some 30 million formerly uninsured people will begin purchasing health insurance, many of them (obviously not all) healthy, then one may speculate that insurance rates will, in the long run, come down. After all, the purpose of any insurance is to 'spread the risk'.
The CBO is predicting less people to be insured post Obamacare than pre Obamacare. Thee rate of increase has been slowing since 2003, but most economists are attributing that to a slower economy. If we can encourage Americans to eat healthier and lead more active lifestyles there would be less demand which could also result in lower costs. Alternatively, we could encourage competition in the healthcare sector, but the lobbyists will fight that tooth and nail.
If we can encourage Americans to eat healthier and lead more active lifestyles there would be less demand which could also result in lower costs.
This is simply ignorance that parades as wise words because so many are parroting it.
People incur something like 90 percent of their lifetime health expenses in the final year of their lives.
It doesn't matter how healthy they have been up to that point. They get something that will kill them and they desperately try to prevent their own deaths. And the medical industry is happy to relieve them and their insurance company or federal government of their money.
The only exception to this is people who are severely handicapped who require a lot of hospital or in home care from medical professionals for years on end. That might be 3 percent of the population, tops, even though we are paying monthly stipends to disability pretenders to sit on their couches and watch TV.
Recently, I've observed medical practices engage in the billing racket to double the services they bill insurers. If you come across this, report it to your insurance company and use the phrase 'billing racket'. All this BS has to stop.
Yes, and in an earlier post on this thread, I stated so. Everyone keeps repeating me.
However, some 30 million who are now uninsured, will be insured. Yet, some 30 million will remained uninsured. I know some are confused because the two numbers are alike.
From what I have read over the months, many states have seen an uptick in the number of health insurance companies wishing to do business in said state. It seems odd that many of you, who proclaim to be expert in running a business (I do not run a business) and 'competition', assume that 30 million more people seeking health insurance will result in a lack of competition by the insurance companies for those premiums.
I note a somewhat recent NY Times article about this:
I have also read news about how some health insurance companies are raising rates now, apparently based on the assumption that their profit margins will decline beginning in 2014.
Yet, it is also possible that said companies, reading about how consumers are expecting rates to rise, are willing to fulfill that expectation, at least in the short-term.
I will note that for 25 years I have seen my premiums go up; it would have been odd if they went down over the years. I expect they shall continue to rise, since I am aging. Hopefully, those whom are currently uninsured, and who obtain new health insurance, will be able to obtain policies that they can afford (with some getting subsidized assistance).
I certainly do not proclaim to have 'answers' or to be able to accurately predict the future. However, I can predict the past: since the early 1970s, the cost for health care has exploded. The factors are many: negligence lawsuits against medical doctors and hospitals resulting in large verdicts (given by jurors; attorneys do not award damages); doctors and hospitals seeking insurance against such liability; insurance companies appalled by some of the verdicts and potential verdicts, and hiking premiums for doctors, hospitals, etc. More and more people obtaining health insurance, with doctors and hospitals figuring out that they can, and do, charge more and more, since the individuals are not 'out of pocket' that much. Thus a vicious cycle began. An elderly friend of my mother recently had some simple x-rays of her knee: $800.00 (which was for the x-rays themselves, not the doctors' opinion of what the x-rays showed).
I recall when it was normal for a person entering a hospital for open-heart surgery to spend, on average, six weeks in the hospital. Of course, it was expensive. Now even those requiring bypass surgery manage to go home in the matter of a couple of days, yet the costs are more than it was for a six-week stay (even taking into account the decline of the dollar).
Actually, the President does know how economics works.
He also knows how morality works.
Oh brother surely you jest?
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