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 ...
Gee, people are now starting to read it because they are finding out what is in it. Thank you Pugosi.
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.
Mark
Wow Jolie had fishlips when she was 11, LOL
This can’t be true. I thought that Obamacare would SAVE costs and REDUCE the deficit?
Kidding.
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....
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!
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?
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).
The Date must be faulty. Part the Republicans plan to push the country over the fiscal cliff/Lib speak
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!
My premiums have already doubled. It he saying they’re going to double again?
I wonder what will happen after my COBRA term expires.
Any idea what the HIPAA rates tend towards?
If government actually solved problems then what would happen to all those lovely employees who sacrifice so much in the government employment?
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.
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.
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.
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.
“Making health insurance mandatory is a noble and worthy cause”, said the CEO of the health insurance company.
What a load of crap.
Ours already went up 28.5%.
If that happens again going into 2014 & 2015, we’ll be past a doubling!
Charlie Chaplin
A tax on the middle class as payroll budgets will be squeezed to pay for it.
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.
socialism is great until you run out of other people’s money. Maggie Thatcher
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.
Bitter clingers get to pay for everyone else.
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.”
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.”
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.)
My brother said that with a straight face. The mind boggles.
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.
Any American can always run for congress to acquire their plan.
Mine have almost doubled too. Gues they should start talking quadrupled now.
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.
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.
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."
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?
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