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But one aspect of the ACA that is already in place is that health insurance companies requesting a greater than 10 % increase in premiums have to justify this increase to the government. As a result, health insurance premiums rose less this year than in years previous.
And because of the 80/20 rule, this year millions of families received a reimbursement on their insurance premiums from the insurance companies.
Companies received that money and it was left up to the company on how to disperse it.
Many decided to use it to offset future premium increases.
My company was one of them and I got a letter to that effect.
But one aspect of the ACA that is already in place is that health insurance companies requesting a greater than 10 % increase in premiums have to justify this increase to the government. As a result, health insurance premiums rose less this year than in years previous.
And because of the 80/20 rule, this year millions of families received a reimbursement on their insurance premiums from the insurance companies.
If you happen to read the link I provided (I didn't want to paste the whole article due to TOS) it talks about the 10% rule and from what I can tell while it's true, they have to request BUT the government doesn't have the power to deny. Some states have that power but not the feds, wonder why that is?
As for the rebates, again in the article it explains how they're getting around that as much as possible. Remember, they're not stupid and pay many,many people to lobby the government and many more to sit and design ways to get more $$ even with some pesky regulation.
If you happen to read the link I provided (I didn't want to paste the whole article due to TOS) it talks about the 10% rule and from what I can tell while it's true, they have to request BUT the government doesn't have the power to deny. Some states have that power but not the feds, wonder why that is?
As for the rebates, again in the article it explains how they're getting around that as much as possible. Remember, they're not stupid and pay many,many people to lobby the government and many more to sit and design ways to get more $$ even with some pesky regulation.
Fed can only get involved when it crosses state lines. Health insurance cannot cross state lines.
None of the fear mongering nonsense that conservatives spout about Obamacare has occurred. In fact, the past two years showed the slowest rate of increase in healthcare premiums in decades.
Only good things will come out of this reform. Anyone who doesn't believe so clearly just wants to make sure the poor in America do not have affordable access to healthcare.
None of the fear mongering nonsense that conservatives spout about Obamacare has occurred. In fact, the past two years showed the slowest rate of increase in healthcare premiums in decades.
Only good things will come out of this reform. Anyone who doesn't believe so clearly just wants to make sure the poor in America do not have affordable access to healthcare.
The government cannot mandate or deny rate increases.
Obamacare was sold as not effecting small business and as the years passed more details emerged.
It's really the big corporations that are unaffected as there's nothing they need to do or pay that they aren't doing already. And unions, with their cadillac plans, are exempt for now.
Curse those greedy unions and their "Cadillac" health insurance plans.
Curse those greedy unions and their "Cadillac" health insurance plans.
It's just gotten worse. Unions asked if their low paying members could sign up for subsidized healthcare on the exchanges now.
If you work for a company that provides insurance you are not eligible for any government subsidy if you decide to go with the exchange.
Unions want special treatment for their workers though.
We already have Walmart pushing their employees to sign up for medicaid and now unions asking for subsidized healthcare for their low paid members.
With high double to triple digit increases projected for next year. Oh well, I guess we've got to fully implement it to see how hosed we are.
Hey! I've got it! I'm gonna go for one of those Healthcare Navigator jobs. Nice pay, I'm sure it'll have great benefits and most likely union membership as well. Yippeee! All I've got to do is be able to babble on (don't have to be correct) and just sound like I know what I'm saying kind of like computer tech support out of India.
Now that I think about it, will it surprise anyone if that's exactly where these navigator jobs end up, in India?
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