Posted on 03/23/2010 4:47:19 PM PDT by Sun
A very knowledgeable insurance woman called Rush Limbaugh today, and told Rush that people won't see the increase in insurance premiums until AFTER the November elections, because insurance premiums don't increase until the January of each year.
So parents will see their adult children covered, and seniors will see that "whooping" $250 toward their drugs, but won't see the increase in premiums or rationing yet.
Take action: Call a talk show, write a letter to the editor, and talk with everyone you know and let them know the "other" side that LMSM won't tell them.
There seem to be a rash of articles and tv panel discussions assuming that the passage of Obamacare, and how voters react to it, will determine the outcome of the November elections and many more political outcomes as far as they eye can see.
It’ll be an important consideration, but soon we will likely have another Amnesty for Illegals debate, and then a Cap and Trade, global warming debate. There is more contentious and controversial ground to be covered this year, and other volatile issues, and what happens with those issues, will also have an important influence on the voters and their view of the major parties and candidates when November finally arrives. Obamacare is not the only volatile issue for 2010.
Most insurance companies notify their customers months before the rate increase takes effect. So I suspect that people will know before election day in November that their premiums will be going up on January 1.
Yes, next will be amnesty. It just gets worse.
Actually it looks like 26 year olds will be covered in six months:
“Federal Action
The U.S. House of Representatives Sunday approved a Senate health overhaul bill and sent it tothe president for his signature. The House also passed a package of amendments that will change provisions of the original bill. That was sent to the Senate for action this week. This reform would requires health plans to allow young people up to their 26th birthday ( H.R. 3590, the “Patient Protection and Affordable Care Act “) or 27th birthday (H.R. 4872, the “Reconciliation Act of 2010) to remain on their parents’ insurance policy, at the parents’ choice regardless of marital status and would be effective 6 months after enactment.The legislation was the subject of a fierce partisan battle and passed with only Democratic votes. Republicans have vowed to continue their opposition.”
http://www.ncsl.org/default.aspx?tabid=14497
However, my husband’s coworkers were real happy about 26-year olds being covered under their parents’ insurance.
“Most insurance companies notify their customers months before the rate increase takes effect. So I suspect that people will know before election day in November that their premiums will be going up on January 1.”
I honestly can’t remember when we were told our insurance rates would increase, but it seems like it was in Nov. sometime.
“CALLER: And you know how many people are going to die in the interim, Rush? I say that in all sincerity, because come January 1st you’re going to see two, 300% increases in premiums and people are going to drop their coverage. So you’ve got the woman who isn’t going to go get the mammogram or the man who’s not going to get the prostate exam.
RUSH: Wait a minute!
CALLER: People are going to die.
RUSH: I thought the mammogram was free.
CALLER: Not when you drop the coverage because you can’t afford three times the premium. Remember, the premiums are going up because of the government, and jobs are being lost because of the government. If you can’t pay it, you can’t pay it. So people are going to drop it. They’re going to drop their insurance before they drop their mortgage.”
http://www.rushlimbaugh.com/home/daily/site_032310/content/01125109.guest.html
My 22yo son who is in the Air Force will be happy to hear this.
I ought to put him on just to screw with the government. Drown 'em in paperwork.
That is not exactly accurate. While there are a large number of employer health insurance plans that renew on 01/01. There are an equally large number that renew throughout the year based on when a company was formed and benefits began or the renewal coincides with their fiscal year. So a fare share of employer groups will feel the effects prior to November elections.
The insurance underwriters and actuarials will take into consideration that exclusions for pre-existing conditions are now disallowed, that dependent children can now be enrolled through the age of 26 by Federal mandate, and there will no longer be any lifetime maximums associated with any plan(which I never had a problem with so long as it applied only to non-particpating doctors).
I am in the insurance industry and have seen just how reactionary the carriers can be, not to legislation which has been passed, just proposed, and it has been ugly.
Since the current administration took office and healthcare reform placed on the table I have seen consistent 12% to 15% increases, which might have been justified because a group had a bad claims year, jump to 22% and even as high as 51% in some cases. I believe this was in no small part due to proposed “reform” and an attempt to mitigate future losses.
The previously mentioned increases are obviously employer specific, were without question related to the reduction in the overall workforce as related to the recession (Less premium collected from healthy individuals to pay for the sick) the COBRA Subsidy/Premium Assistance (which created adverse selection, the sick electing to continue coverage without the healthy enrolling to offset those costs), the mental health parity act (Passed by George Bush, which I supported), and state mandates (such as that in the State of NY which allow coverage of a dependent through the age of 29, which also leads to adverse selection). This is just a sampling of some of the factors that underwriters have considered when releasing renewals.
It makes no difference that the bones of this legislation won’t kick in for another 2 to 8 years. It will be felt before November.
God bless your son!
Since you are in the business, you might enjoy reading the entire exchange:
http://www.rushlimbaugh.com/home/daily/site_032310/content/01125109.guest.html
That was awesome. There were many things that she touched on...I just didn’t want to get too longwinded.
The only issue I take, as I said in my original post, was her insistence that January 1, post midterms, is when people would feel it.
This will be felt way before November.
Thanks for posting the the transcript.
Thank you for your thoughts! :-)
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