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The devil is in the detail. I looked at NM given your link says premiums are increasing 93%. That increase is for BCBS which did not sell plans in 2016 so premiums are being compared to their 2014 rates.
Molina Healthcare, largest provider of Individual Plans in NM intend to increase rates by 24%, still huge albeit not anywhere near 93%.
Let's also remember that plans are pulling out of many states, in some cases drastically reducing choice. My wife's plan went up this year and we were just notified they're exiting the system. We can't afford to continue given next years hike and even if we could it'd be a waste given the coverage available/cost.
How does this whole thing impact those who have employer sponsored health insurance coverage, perhaps indirectly? I mean, not just about their plans (whether they stay with their employer sponsored plans or choose to buy beyond that), but also, I suppose, their premiums could also be affected, right? (employer sponsored doesn't mean free)
Not directly. Mine in fact went down significantly this year. It seems weird of course, but the losses from young people not signing up in Obamacare leaving too many high risks apparently are not being passed to a company's entire subscriber base but just to the Obamacare ones.
In any case, this is the death spiral. Higher premiums will mean even more pull out and that means higher premiums for the rest. So far anyway. It needs fixing. The fix is easy in concept - young, healthy people need to sign up in numbers originally envisioned. That will be hard to achieve though.
And the GOP controlled Congress will do zilch about it, as they really don't care about those who are most hurt by these increases.
Also, as someone noted, it's amazing how some have been living under a rock for the past 20 years. Rates were increasing rapidly before Obamacare was even a word.
You mean Dems represent the donor class. Hillary's several hundreds of thousands of dollars paycheck for speeches to Wall Street, for example.
And then, there's this... A Venn diagram released by Harvard law professor and political activist Lawrence Lessig reveals the shocking connections between our Dem Presidential Administrations and banking and investment giant Goldman Sachs. And Lessig is registered as a Dem.
Mike - you talk such nonsense - the whole political system is for themselves - not just Republicans - only you have blinders on and think that all these freebies are coming out of thin air. Obviously the Democratic party doesn't represent us either as the middle class is always taking the hit for all those freebies and initiatives they pass - so who are you kidding.
Nope, some politicians are not beholden to the donor class. They are funded by the people. Do you deny that?
Neither Nominee has a specific plan for healthcare. Both have done nothing more than throw some rhetorical darts at the target.
Trump is on the record " to replace Obamacare with something wonderful that will take care of everybody and the Government will pay for it". Should he be elected, he will likely regret those words as much as Obama's ridiculous promises to reduce costs, keep your plan/ Doctor blah blah. Anyone think Congress is going to play ball?
In contrast, Hillary's intention is to Fix It, whatever that means.
The timing of Open Enrollment for 2017 should give Trump a big boost if he chooses to stay on message and avoid inserting his foot deeper into his mouth.
Insurance was and remains regulated by the state. No two states do it alike.
Premiums vary wildly across states and within states dependent upon regulations, competitiveness of the healthcare insurance market, competitiveness of the healthcare market, the health of the local population as measured by claims made and other factors.
Prior to 2014, each state determined their own " look back period" for preexisting conditions and related criteria for Individual Plans. A handful of states had no maximum look back period in the Individual Plan Market.
Now no states have preexisting conditions. That is a good thing.
Obamacare is not going away. It is far bigger and more a part of our health care delivery system than the few million on the exchanges as Clinton commented in the second debate. There will be changes made. The one I predict is the introduction of low cost, low benefit (but high profit) plans to attract younger people into the system. Ideally, there would be a public plan - a kind of early Medicare buy in - for those over 50, but that might be a stretch with the Republicans in the House.
Do you believe Republicans represent you or their financial overlords?
What I've seen is that Dems have more financial overlords than Republicans: Wall Street, Goldman Sachs, Bill Gates, Warren Buffett, Mark Zuckerberg, Tim Cook, George Soros, etc., etc., etc.
How have you not noticed that?
AND... Obama's Attorney General, Eric Holder, was in fact the man who originated the "too big to jail" treatment of bankers and Wall Streeters.
And the GOP controlled Congress will do zilch about it, as they really don't care about those who are most hurt by these increases.
Also, as someone noted, it's amazing how some have been living under a rock for the past 20 years. Rates were increasing rapidly before Obamacare was even a word.
Quote:
Originally Posted by chadgates
Right, and that is what is so dishonest aboutthe argument constantly being parroted by the left.
"Premiums were already skyrocketing long before Obamacare"
BS
They were increasing but not anywhere near what we have been experiencing since Obamacare was illegally pushed onto all of us.
The old "skyrocketing" was going from $200/month to $225/month now it is just ridiculous and out of control.
Polly want a cracker?
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