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Obamacare Could Double Health Care Premiums: Aetna CEO
CNBC ^ | 12/26/12 | Justin Menza

Posted on 12/26/2012 3:15:06 PM PST by jimbo123

To provide all Americans with health insurance, premiums will have to rise to pay for it, Aetna CEO Mark Bertolini told CNBC's "Closing Bell" on Wednesday.

"If we're going to insure all Americans, which is a worthy and appropriate cause, then somebody has to pay for it," Bertolini said of the expected premium increases under Obamacare.

Bertolini said that insurance premiums could double in some places just on the basis of what types of policies people buy today.

He also said that when Obamacare is fully implemented, it won't start the way people had hoped and it won't be cheaper.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: deathpanels; obamacare

1 posted on 12/26/2012 3:15:10 PM PST by jimbo123
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To: jimbo123
It is good to be old...

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2 posted on 12/26/2012 3:21:18 PM PST by gorush (History repeats itself because human nature is static)
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To: jimbo123

Gee, people are now starting to read it because they are finding out what is in it. Thank you Pugosi.


3 posted on 12/26/2012 3:22:04 PM PST by ProudFossil (" I never did give anyone hell. I just told the truth and they thought it was hell." Harry Truman)
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To: jimbo123
Obamacare Could Double Health Care Premiums

Oh, you mean there are "unintended consequences" of Socialism? You mean "The affordable Health Care Act" will actually turn out health care that is less affordable and less available? How could this be? They meant so well.

Well, for those of you who have been living under a rock for the past 100 years (apparently a lot of voters), government social and economic programs ALWAYS end up with results opposite of their stated intentions.

4 posted on 12/26/2012 3:24:41 PM PST by PapaNew
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To: jimbo123
The "Affordable Care Act" was never intended make health care "affordable," nor make it "more available." It was designed from the very beginning to make providing care more expensive and less available, in order to force all health care to be "provided" by the government. By increasing costs on both the consumer and the insurance companies, who will be forced to charge MUCH higher premiums, the idea being to eventually push the insurance companies out of business while directing people to demand "health care" from the government.

Mark

5 posted on 12/26/2012 3:25:03 PM PST by MarkL (Do I really look like a guy with a plan?)
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To: gorush

Wow Jolie had fishlips when she was 11, LOL


6 posted on 12/26/2012 3:28:28 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: jimbo123

This can’t be true. I thought that Obamacare would SAVE costs and REDUCE the deficit?

Kidding.


7 posted on 12/26/2012 3:33:02 PM PST by garjog (Heroes Died. Obama Lied.)
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To: MarkL

In other words, the only solution for the disaster caused by AHCA, will be a single payer plan implemented by the government, for the common good, of course.
What a bunch of....


8 posted on 12/26/2012 3:34:50 PM PST by griswold3 (Big Government does not tolerate rivals.)
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To: MarkL
By increasing costs on both the consumer and the insurance companies, who will be forced to charge MUCH higher premiums, the idea being to eventually push the insurance companies out of business while directing people to demand "health care" from the government.

That is the intended consequence, and socialists like Nancy Pelosi and Barack Hussein Obama think that the outcome will be a Cadillac health plan for everyone - and the mandatory equality between rich and poor throughout the United States that they dream of.

In a sense they're right. Everyone will have a Government Motors health plan that does less than today's emergency room visits do for those without insurance. More of us will be poor. And the rich? The wealthy will count on health tourism, traveling to a country that permits doctors to charge what the best possible care is worth, a country that will attract the best physicians and provide the best medical care in the world. The United States used to be that country, but within a decade we'll have something at the level of the British NHS complete with formal death panels and informal death by neglect. Everyone will lose under ObamaCare - no winners at all if that monstrosity is fully implemented. And then we can replace it with something even worse!

9 posted on 12/26/2012 3:37:33 PM PST by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
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To: jimbo123

If the Aetna CEO is telling the truth then 0bama and Pelosi are liars. Who should I believe? 0bama said “If you like the plan you have you can keep it.” What if you and your employer can no longer afford it?


10 posted on 12/26/2012 3:38:59 PM PST by forgotten man (forgotten man)
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To: garjog

Obviously you’re kidding. Everyone knows that it will be FREE health care once it is in place.

(I wonder what percentage of people think that? I would guess at 30% or so).


11 posted on 12/26/2012 3:39:13 PM PST by 21twelve (So I [God] gave them over to their stubborn hearts to follow their own devices. Psalm 81:12)
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To: jimbo123
No no, I specifically remember Generalissimo Ubama saying it would lower premiums and rates.

The Date must be faulty. Part the Republicans plan to push the country over the fiscal cliff/Lib speak

12 posted on 12/26/2012 3:41:53 PM PST by KC_Lion (Build the America you want to live in at your address, and keep looking up.-Sarah Palin)
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To: jimbo123

Why don’t we get a proposition in every state requiring all elected officials to be on the exact same health plan they force on their constituents. I bet we see some rapid changes then!


13 posted on 12/26/2012 3:44:51 PM PST by Mastador1
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To: jimbo123

My premiums have already doubled. It he saying they’re going to double again?


14 posted on 12/26/2012 3:48:00 PM PST by Fresh Wind (The last remnants of the Old Republic have been swept away.)
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To: Fresh Wind

I wonder what will happen after my COBRA term expires.

Any idea what the HIPAA rates tend towards?


15 posted on 12/26/2012 3:52:22 PM PST by RitchieAprile (the obstreperous gentleman..)
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To: PapaNew

If government actually solved problems then what would happen to all those lovely employees who sacrifice so much in the government employment?


16 posted on 12/26/2012 3:54:38 PM PST by pennyfarmer (Your socialist beat our liberal AGAIN.)
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To: jimbo123
. "So in the initial part of this program it will cost more to take care of people because they have been going without health care for so long."

Tom here- And when you start treating these ailments it will cost a lot more money.
I sense death panels for everybody to control costs.

17 posted on 12/26/2012 3:55:52 PM PST by Capt. Tom
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To: jimbo123

It is a tax increase which does nothing but collect more revenue. There is nothing to see in it but more taxes. It solves nothing. The ‘Rat party is a RICO entity.


18 posted on 12/26/2012 3:58:39 PM PST by VRWC For Truth (Roberts has perverted the Constitution)
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To: gorush

Who is the guy on the right in the third picture down, no identifying caption.

Sheesh, you have to be an Einstein on these pages sometimes.


19 posted on 12/26/2012 4:04:21 PM PST by Cyman
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To: jimbo123
To provide all Americans with health insurance, premiums will have to rise to pay for it

This confuses me. If you are on any type of welfare and will not work for a living, I thought this was free. Disability, the some 8 million, don't pay a cent. When you take this apart, it looks like damn near half of the Country don't pay a cent and the rest of us take it up the butt. Right or am I wrong.

20 posted on 12/26/2012 4:12:35 PM PST by Logical me
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To: jimbo123

“Making health insurance mandatory is a noble and worthy cause”, said the CEO of the health insurance company.

What a load of crap.


21 posted on 12/26/2012 4:18:04 PM PST by AC86UT89
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To: jimbo123

Ours already went up 28.5%.
If that happens again going into 2014 & 2015, we’ll be past a doubling!


22 posted on 12/26/2012 4:21:35 PM PST by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: Cyman
"Who is the guy on the right in the third picture down, no identifying caption."

Charlie Chaplin

23 posted on 12/26/2012 4:24:40 PM PST by gorush (History repeats itself because human nature is static)
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To: jimbo123

A tax on the middle class as payroll budgets will be squeezed to pay for it.


24 posted on 12/26/2012 4:24:56 PM PST by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off.)
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To: G Larry

Premium costs will have to double just to cover paying the providers for caring for the uninsured. They’ll have to double again to pay for the bureaucracy and regulatory costs to run it.


25 posted on 12/26/2012 4:29:42 PM PST by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
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To: 21twelve
Everyone knows that it will be FREE health care once it is in place.

(I wonder what percentage of people think that? I would guess at 30% or so).


At least 47% of the population will believe that, or won't care that it's not true.

The poor will want to get "free" healthcare, and the middle class, most of whom are looking to save anywhere they can, will be glad to transfer their healthcare costs to government, even as they know that it ain't really free. Hoping for the best is how people go through life, and crossing bridges when they they get to them, is the only time and way they'll face seemingly unsolvable problems.
26 posted on 12/26/2012 5:06:49 PM PST by adorno (Y)
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To: jimbo123

socialism is great until you run out of other people’s money. Maggie Thatcher


27 posted on 12/26/2012 5:34:57 PM PST by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: RitchieAprile
I wonder what will happen after my COBRA term expires.

I paid $778 a month for COBRA. When it expired this last August, I had to take their conversion policy, at the policy for that is now $1088 per month. I am 63 years old, unemployed, with a pre-existing condition.

Medicare will kick in for me just about the time Obamacare is in full swing. I don't anticipate good care at that point.

28 posted on 12/26/2012 5:52:03 PM PST by RightField (one of the obstreperous citizens insisting on incorrect thinking - C. Krauthamer)
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To: jimbo123

Bitter clingers get to pay for everyone else.


29 posted on 12/26/2012 5:54:13 PM PST by Lockbar (Quality factory loaded ammunition ---- The New Gold)
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To: garjog

Yes, when this POS was passed, we recieved an email from our HR department, informing us that our premiums were going up. I responded with just about the same words, feigning confusion. The only response I received was “That is all the information we have at this time.”


30 posted on 12/26/2012 6:02:29 PM PST by cld51860 (Oderint dum metuant)
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To: garjog

Yes, when this POS was passed, we recieved an email from our HR department, informing us that our premiums were going up. I responded with just about the same words, feigning confusion. The only response I received was “That is all the information we have at this time.”


31 posted on 12/26/2012 6:03:28 PM PST by cld51860 (Oderint dum metuant)
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To: adorno

I understand what you mean that even if one didn’t have to pay for insurance or health care directly, you are still paying for it in taxes. But I wonder how many people expect Obamacare, as it stands now, think that they won’t have to pay for it? (Like that lady years ago going on about how now that Obama was elected she won’t have to worry about paying her insurance, mortgage, etc.)


32 posted on 12/26/2012 6:20:41 PM PST by 21twelve (So I [God] gave them over to their stubborn hearts to follow their own devices. Psalm 81:12)
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To: garjog

My brother said that with a straight face. The mind boggles.


33 posted on 12/26/2012 6:28:55 PM PST by Wicket (God bless and protect our troops and God bless America)
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To: jimbo123

The whole premise behind Obamacare is to destroy the private insurance companies. Mandating a company to cover preexisting conditions is like telling life insurance companies to write policies for people will a terminal illness. They want a single government payor. They are also going to destroy Doctors in private practice by reducing reimbursements so low that it will be impossible to pay the office overhead. So Amerika will have hospital based physicians and a government single payor except for the privileged class. The future for medicine sucks for patient and doctors.


34 posted on 12/26/2012 6:39:35 PM PST by pterional
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To: Wicket

Any American can always run for congress to acquire their plan.


35 posted on 12/26/2012 6:45:29 PM PST by shineon
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To: Fresh Wind

Mine have almost doubled too. Gues they should start talking quadrupled now.


36 posted on 12/26/2012 6:51:04 PM PST by sheana
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To: Logical me
The ten year funding model for five years of benefit (not a good start) has four major parts. Revenue from taxing the rich, revenue from taxing other than the rich, cuts to Medicare, and penalties to large employers who don't provide coverage.

All of that goes to fund the bureaucracy and subsisize the premiums of most middle and lower class people that purchase insurance through the yet to be established exchanges. The kicker is that the penalty structure encourages employers to shed coverage and not cover new employees. The result would be a per employee penalty that is a small fraction of the subsidy that employee will qualify for. When more that the planned for number of people request that subsidy the cost of the program explodes.

37 posted on 12/26/2012 7:38:07 PM PST by USNBandit (sarcasm engaged at all times)
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To: pterional

There won’t be doctors.

No one is going to go into multi hindred G debt to work for Obama and this mess.

There won’t be research.

Pharmaceuticals will go the way of NASA.

The only benefit will be the administration’s access to our information at multi thousand dollar per month cost to us.

That’s it.


38 posted on 12/26/2012 8:13:38 PM PST by stanne
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To: pennyfarmer
If government actually solved problems then what would happen to all those lovely employees who sacrifice so much in the government employment?

Bingo! True success would be working themselves out of a job (or bureaucracy) which is precisely why government social and economic programs fail. They need to fail to perpetuate and grow the related bureaucracies because failure is "never government's fault" and the programs just "needs more money."

39 posted on 12/26/2012 8:41:44 PM PST by PapaNew
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To: forgotten man
Who should I believe?

Anybody that believes anything Obama says is an idiot.

Benghazi he lied

Fast and Furious he lied

Obamacare he lied

Oil production he lied

Taxes he lied

Economy he lied

Get the picture?

40 posted on 12/28/2012 1:39:16 PM PST by politicianslie (Most Americans can't even recognize massive election fraud. Our first Muslim President laughs at you)
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