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You are in Arizona? This state is reporting the highest increases due to a lack of competition, no?
In contrast, Indiana is reporting a 3% decline in premiums because of healthy competition amongst healthcare insurers.
I mean my employer (retiree) plan. One option there dropped 17% this year. AZ is an interesting case. Initially it had among the lowest costs and greatest choices of all the states in ACA There were over 100 plan options the first year. Policies for people under 25 or so were less than $100. I have no idea why (other than the obvious lack of profitability) all the insurers pulled out. Maybe the market was just too small for the overhead involved. In the first year, the pie was being divided among maybe a dozen companies. That is just too much competition.
Last edited by Ponderosa; 10-25-2016 at 12:45 PM..
Just looked at the ObamaCare website and for next year we've gone from 10 +/- companies to ONE choice of insurers.
The absolute bottom of the barrel policy went from $225 mo to $743 mo. THIS IS MORE THAN OUR MORTGAGE payment. The policy that she had this year, a silver policy went from $323 to $875 with a $6000 deductible.
Sorry, I'll go bankrupt if I have to before I'll pay it.
I know people who aren't homeowners who are paying more for their monthly premium than they are for their RENT!
Democrats, liberals, left wingers, communists, socialists or whatever you want to call them deserve every second and every inch of this. The democratic voting blocks of millennials, single mothers on a budget and minorities need to get NAILED by this. I don't know how anyone can play dumb to this. Republicans have been fighting tooth and nail against this for YEARS. Why they receive NO credit for predicting this is unbelievable. They've said this 10 MILLION times for the last 7 years, this will NOT work it's unsustainable, we can't do it.
Damn near EVERY single GOP congressman, governor and/or presidential contender stood on the highest mountain and tried everything in their power to block this since 2009.
There is no "adjustment" or "tweaking" that can fix it. The only way this can work for a few more people is if we INCREASE subsidies. In reality it just needs to be scrapped completely. Democrats just need to own up to it already. It's a failed plan, the GOP WAS RIGHT. The market is already correcting it, and this is the outcome sky high unaffordable monthly payments, out of touch deductibles costing in the thousands and basement dweller plans that aren't good for anyone. HOW MANY TIMES DID WE HAVE TO TELL YOU THIS over the last 7 years????
The GOP told you that it could NOT be sustained and that in NO way was this "affordable." They tried to block it from every angle to the highest court and The Democratic sheep stood right behind this train wreck of a deal just because they thought it was "racist" for the GOP to fight it when in reality the math just didn't add up.
Democratic voters should be forced fed every single drop of this
See, and I think the only way it can work for a few more people is if they expanded subsidies to include people who aren't among the poorest, but simply cannot afford these high premiums. And at that point, why not just scrap the entire thing as a really bad idea?
Which is exactly what needs to be addressed if we ever have any hope of solving the healthcare problem correctly.
I seem to remember something about BC/BS having, at one time, been a non profit. The for profit companies couldn't compete and then lobbied. Well, surprise surprise the crooked politicians stepped in and forced BC/BS to change to a for profit company.
THAT kind of stuff should be prosecuted imo.
Most BCBS remain non- profit. The biggie for profit is Anthem, formerly WellPoint.
See, and I think the only way it can work for a few more people is if they expanded subsidies to include people who aren't among the poorest, but simply cannot afford these high premiums. And at that point, why not just scrap the entire thing as a really bad idea?
And the subsidies will simply have to cast a wider net, and the size of that net will have to get bigger and bigger as the years come--enough that the final cost to the tax payer will make social security look like a kiddie pool floating in the ocean. The NYTs even reported that a 53 yr old man in NC making 53k a year in income will have to pay over $700 per month or over 8k per year for a silver plan with a $3000+ deductible. That plan is completely worthless.
The average 35 year old in Oregon unsubsidzed on the cheapest plan will pay $350 per month or $4000 per year with a $3000 deductible
They reported that a 40 yr old woman on an unsubsidized silver plan will pay $500 per month or $6000 per year with a $6000 deductible.
If they don't qualify for a subsidy--they foot the whole bill OR they could pay the annual penalty. And if they don't have the money to pay that...there's no need to worry because the IRS will just take it from your yearly refund (penalties included).
But hey who cares, right? Besides Obamacare is breaking records of the numbers of people who signed up for insurance
I can't stress this enough, the GOP did everything in their power to block this. They could see that the train was going to hit the wall from 3000 miles away.
As of 2/2016, there were 12.7 million who acquired healthcare insurance via an exchange, independent of state by state Medicaid expansion. Reportedly, 85% recieve a subsidy and reportedly will not bear the brunt of increases. ( Means government will absorb the Brundtland which in the big picture is seriously troublesome)
Are you among the 1.9 million who will?
Reportedly increases in 10 states are less than 10%, a good thing relatively speaking.
At least one state is reporting a 3 % decline in premiums.
This was the plan all along. Hillary was outed by wikileaks for wanting Obamacare to collapse so single payer would be implemented.
It would be better than the current system where the customer is caught between the insurance company and healthcare providers with basically no recourse to dispute a bill. Been there, done that, way too many times to count. The idea that government couldn't negotiate better than individuals or small companies is pretty asinine.
The lack of enforcing Anti-trust across the board. Bank mergers, media outlet mergers, cable mergers etc.
It has not mattered who sat the oval or held the majority.
DoJ is suing to prevent the intended mergers of for profit, publicly- traded Humana/ Anthem and Aetna/ Cigna because it would fundamentally reshape the health insurance industry and construct competition. In reaction, within weeks, these insurers pulled out of many exchanges and in some regions of some states, the entire Individual Plan Markets, citing losses.
Until the ACA most insurers did not have first hand experience with serving a low income market. The population trends sicker, less likely to follow MD orders and as a result over utilize healthcare relative to the general population. Those insurers with experience control the situation with very narrow provider networks.
Those receiving subsidies essentially do not have as many choices of providers as do those without subsidies or enrolled in large group plans via employers.
According to CEO surveys, most US CEOs across all business sectors, intend to engage in merger and acquisition activity in 2017-8. It does not matter who gets elected. The rational is attributed to technology.
You're missing the point. I'm not saying all costs are the same in IL, I'm saying in IL, at least, for any given area, they are not competitive. Once you plug your gender, age, county and other information into the marketplace website, the options come up, and comparable plans charge the same thing. There is no competition. I've helped two relatives by going into the system at two different times and caught this right away, because it's one more lie people were told about what the ACA would do.
When that proved not affordable for them, I was told by the carriers who continued carrying private insurance that the waiving of pre-existing conditions only applied if you were covered through group insurance or got one of the ACA plans. All individual or family insurance gotten directly from the carrier would include waiting periods before pre-existing conditions would be covered.
You were likely given bad information relative to preexisting conditions by the carriers, which at certain points during the rollout was common stuff. ( I went through this on behalf of a family friend who encountered challenges similar to your own.) if you were to shop for insurance for 2017, you would not encounter any delay.
It was an eye opening experience to compare and contrast the differences in premiums amongst the 13 regions within the state.
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The policy that she had this year, a silver policy went from $323 to $875 with a $6000 deductible.
