Skip to comments.'Obamacare' saves consumers nearly $1.5 billion
Posted on 12/05/2012 6:06:24 PM PST by Nachum
Washington Consumers saved nearly $1.5 billion in 2011 as a result of rules in President Obama´s healthcare law that limit what insurance companies can spend on expenses unrelated to medical care, including profit, a new analysis shows. Much of those savings an estimated $1.1 billion came in rebates to consumers required because insurers had exceeded the required limits. The study by the New York-based Commonwealth Fund also suggests that the Affordable Care Act forced insurers to become more efficient by limiting their administrative expenses, a key goal of the 2010 law. In some cases, insurers passed savings on to consumers
(Excerpt) Read more at latimes.com ...
below is link to just one per google ... get acquainted. It won’t be long before ALL docs are in some practice like this.
Docs are NOT going to be shortchanged on their payments without some other form of compensation. Some genius came up with “boutique” and “concierge” medical practices. It’s gonna cost PLENTY by the time O’care actually kicks in.
Sure, Obamacare saved us money the same way that Hitler saved Germany from the Jews.
Thanks for the information EDINVA, startling actually...
I read your link, then had a look at this one too:
This is all going to get very messy and very expensive really fast... By 2016 we’ll all be buried in this nonsense; or without coverage and being fined and pursued by the IRS...
I’ve worked in the health insurance industry on and off for over a decade, I’ve sat in negotiations for large group renewal negotiations and such, have seen the internals of claims and such, and have witnessed the rates increases at 2.5x the CPI for the last decade.
I got notice of renewal due to the ObamaCare changes and almost fell over.
My health insurance went DOWN, for the first time in my life,
by a whopping $0.70 per month, for a grand savings of $8.40 per year.
I called everyone I know to gloat, it was exciting, I bought a six pack to celebrate.
Then I was in the hole again.
I don’t blame the docs one bit. O’care is trying to screw them and they’re trying to stay alive
Our docs’ practice is one of those hybrids, where they take insurance and have a ‘boutique’ fee I think in our case it’s $40/month per patient. Then you can email them, access your own medical records on a secure server 24/7, etc. So the $1500 would be the whole family. In some more upscale practices, the fee is $1500/patient.
I’m so old, I remember when our family’s country doctor made house calls 24/7 for $5 (maybe it was $10)! OV’s were $3 or $5. Long ago and oh, so far away
Well, there you go. If you like expensive beer, you’ll be able to keep drinking it under 0bamacare. Promise fulfilled!
Well I don’t know one person who got a rebate. Everyone’s premiums have gone up. Who is getting these rebates?
WOW!!! 5 or 6 bucks per person!!! WOOOHOOO!!!!
ohhhhh....see what they did there?
They’re calculating favorable calculations before the monstrosity fully kicks in.
“Really? So how does that jive with my health insurance premium increasing 18% for 2013?”
You guys are looking at this wrong. That prescription you have to take once a day went from $120/bottle to $117.80/bottle. Now, did you, or did you not, save money on your medicine?
BTW, two months ago after they increased my premium yet again, my health insurance for my family is now more than my mortgage payment! (Which includes house insurance and taxes).
Comrades! We have glorious news for you! El A Times
Profit is an expense. Boy, are we in trouble.
My premium for a PPO plan through my work went up %50 for 2013. My guess is that they are trying to push people away from PPOs into HMOs.
Great point! I join you now in 2013 pretty much... My family health insurance plan is now within a few dollars of my mortgage payment (which also includes home insurance and taxes too)... That’s crazy.
Our company received an Obamacare rebate of ~$1000 from our health insurance carrier. Of that, roughly $500 would have been divided among the employees. (Half goes to the company since the company pays for half of the bill.) But, because we all have different plans, and thus paid differing amounts into the employee share of the bill, it would have cost us most of that $500 to pay the bookkeeper to figure out who gets what. Our guesstimate was that each employee would have gotten a check averaging $6. We decided to put our big Obamacare windfall toward next year’s bill instead.
I was thinking of solving the problem Obama-style.
I’ll buy the really nice house I’ve wanted with all sorts of acreage, and on a creek and a pond. That way my mortgage will go way up as I’ll have to borrow so much.
But - my health insurance will go from being 104% of my mortgage to only 30% of my mortgage - look at all the money I will save!! (And I better do it NOW to take advantage of the really low mortgage rates so I can save even more!!)
Actually it is a club card. All our stores offer them but I generally shop at one store most of the time mainly because they also have a gas station which gives $.10 a gallon off for every $50 you spend. The other thing the card gets you is 20% off anything you buy which is the store brand. Some of their stuff I buy because it happens to be made in the U.S.A. Many of the other things I buy the familiar brand because the store brand of the item is really cheap and inferior. They did have 24 bottles of Ozarka water for $2.00 last time I was in there but you could only buy 1 so made a couple of trips and restocked my Obama closet.
They have to raise their premiums a lot, to pay for the non-medical-care costs. For example, costs of building and renovating the new Kaiser facilities in CA are increasing, due to compliance with green building codes and other red tape.
Yup. They increased from 30 grams to 20.