The report found that individuals will face "premium increases of nearly 100 percent on average, with potential highs eclipsing 400 percent. Meanwhile, small businesses can expect average premium increases in the small group market of up to 50 percent, with potential highs over 100 percent."One company said that new participants in the individual market could see a premium increase of 413 percent when new requirements on age rating and required benefits are taken into account, said the report. "The average yearly cost for a new customer in the individual market grows from $1,896 to $3,708 -- a $1,812 cost increase," it added.The key reasons for the surge in premiums include providing wider services than people are now paying for and adding less healthy people to the roles of insured, said the report.
To say that the regime lied would be to state the obvious. They had to. Americans don't willingly consign themselves to impoverishment.
In New York, an "influx of healthier consumers into the market will mean that the average person buying their own policy will have health care costs that are 13.9 percent lower than those of the current population buying now."
ReplyDelete"In Vermont, which has similar insurance regulations to New York, health plans have proposed monthly premiums similar to what they charged consumers last year."
Read more at http://www.washingtonpost.com/blogs/wonkblog/wp/2013/05/06/obamacare-could-lower-premiums-in-new-york-new-study-finds/
And in Oregon the carriers are falling all over themselves trying to decrease premiums. "Posting rate comparisons company-by-company is a taste of what is to come," says Cheryl Martinis of the Oregon Insurance Division.
ReplyDeleteJudging by the reaction, there's already an impact.
Providence Health Plan on Wednesday asked to lower its requested rates by 15 percent. Gary Walker, a Providence spokesman, says the "primary driver" was a realization that the plan's cost projections were incorrect. But he conceded a desire to be competitive was part of it.
A Family Care Health Plans official on Thursday said the insurer will ask the state for even greater decrease in requested rates. CEO Jeff Heatherington says the company realized its analysts were too pessimistic after seeing online that its proposed premiums were the highest.
Read more at http://www.oregonlive.com/health/index.ssf/2013/05/two_oregon_insurers_reconsider.html
Your New York example is based on the FHer-care requirement that everybody carry health insurance, which has not been the case since NY instituted its current system in 1993, per the linked article. So, is tyranny an acceptable price for lower premiums?
ReplyDeleteI have continually asked you pays for the uninsured. The answer is that we all do. Anything less then complete involvement of entire risk pool and it is simply not insurance. Freedom is a red herring here.
ReplyDeleteNo it's not. Why the hell should anybody be made to buy anything in the United States of America?
ReplyDeleteAnd in the case of Oregon, your choices are: be on a government program (Medicare or Medicaid), be part of a plan through where you work, or get tax credits to even out your rate. ANd, again, you have to be insured. THe government says you have to be in one of the above categories, or the IRS - and we know now what that organiation is all about - will come after you.
ReplyDeleteHow come all auto drivers don't get the same damn rate, regardless of whether they've never had so much as a parking ticket, or whether they've smashed up five cars in ten years? How come all homeowners don't get the same rate?
ReplyDeleteIf a consumer wants to be in a pool of all healthy people, that is that consumer's business.
ReplyDeleteThe government has no business being involved in any aspect of anybody's health.
ReplyDelete