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They couldnt do that before either.. States have insurance commissions..
Try again
The average profit for an insurance company is about 4%..
The fact that some people were reimbursed simply means they were over charged to begin with, and will need to be re-billed this year for last years refund..
Try again
Well then are all the individuals on here who are saying their insurance premiums previously went up by 14 % and other high percentages lying?
People who bought their own health insurance in 2012 saved $2.1 billion because of Obamacare mainly because of the provision that only 20 % of their premium can go to insurers’ administration and profits, says a report from June 6 2013 by the Kaiser Family Foundation.
"The researchers estimate that premiums for the 11 million Americans who buy their own insurance would have been $1.9 billion higher in 2012 without the law. Some consumers will also see rebates estimated at $241 million, which will be sent out later this year.
While not every consumer saw savings or a rebate, the researchers estimated that the savings averaged $204 per person."
Clearly you dont know the difference between profits, and premiums..
You're the one getting confused. Obamacare limits premium increases on an existing policy to 10 %, yet we have posters on here saying their premiums have doubled. So I assume those posters are lying.
You're the one getting confused. Obamacare limits premium increases on an existing policy to 10 %, yet we have posters on here saying their premiums have doubled. So I assume those posters are lying.
Insurance companies always had to justify their premium increases. Every state in the country has insurance regulators, thats not new. I cant speak for those posters claiming their premiums have doubled.
Insurance companies always had to justify their premium increases. Every state in the country has insurance regulators, thats not new. I cant speak for those posters claiming their premiums have doubled.
The insurance industry is the only industry in the U.S. that is not covered under federal anti-trust laws, something that Congress has neglected to change, since most members of Congress receive huge amounts of campaign donations from insurance companies. Last year the insurance industry spent something like $160 million in lobbying members of Congress.
"Right now, it is legal under federal law for insurance companies to collude to drive up prices, limit competition, conspire to underpay doctors and hospitals, and price gouge consumers."
Insurance companies always had to justify their premium increases. Every state in the country has insurance regulators, thats not new. I cant speak for those posters claiming their premiums have doubled.
Yet, in 2011 health care insurance premiums for families increased by 9 %. Under Obamacare, the increase for 2012 was 4 %.
The insurance industry is the only industry in the U.S. that is not covered under federal anti-trust laws, something that Congress has neglected to change, since most members of Congress receive huge amounts of campaign donations from insurance companies. Last year the insurance industry spent something like $160 million in lobbying members of Congress.
"Right now, it is legal under federal law for insurance companies to collude to drive up prices, limit competition, conspire to underpay doctors and hospitals, and price gouge consumers."
The reality is that Obamacare seems to be holding down premiums.
Try that on the millions of people who liked their high deductible health plans, which have been deemed to be not good enough by Our Leader's standards. Mine and every other one have had very large premium increases to reflect the fact that it is basically illegal now to NOT insure routine, recurring expenses that we had been paying quite easily out of pocket. And if you think washing the money through an insurance company is a way to hold down costs--think again.
The Affordable Care Act has some worthwhile aspects, mixed in with some features that are an assault on common sense. What happened to HDHP fits into that latter category.
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