Skip to comments.Health Insurers Raise Some Rates by Double Digits
Posted on 01/06/2013 1:33:22 AM PST by Brad from Tennessee
Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administrations health care law was to stem the rapid rise in insurance costs for consumers.
Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.
In California, Aetna is proposing rate increases of as much as 22 percent, Anthem Blue Cross 26 percent and Blue Shield of California 20 percent for some of those policy holders, according to the insurers filings with the state for 2013. These rate requests are all the more striking after a 39 percent rise sought by Anthem Blue Cross in 2010 helped give impetus to the law, known as the Affordable Care Act, which was passed the same year and will not be fully in effect until 2014. . .
(Excerpt) Read more at nytimes.com ...
Shocking...but expected. Since there’s no pay raise in store to cover the rise....it all comes out of your pocket. So you have less money to spend on other things. It starts to train you to question each purchase (you probably don’t buy magazines at the grocery anymore...you probably go an extra 4k miles on tires that ought to be replaced...you probably put off a new car purchase for an extra year). So it hurts the economy and we simply shake our heads.
All going as planned.
This is what Obama planned! He wants rates so high people won’t/can’t buy it so they’ll have to use the insurance exchange in each state.
Since so many states refuse to set them up and won’t have to because the Democrat law makers screwed up and didn’t make it mandatory for the states, I expect that in 2014 he’ll go for broke and go full NHS. If they get back the House in 2014, it’s a done deal. That, and confiscation of guns.
HIP was trying for 41% in NY. WTF?
Simple solution is to get rid of medical insurance companies. Fat chance of that happening.
Obamacare — mugged by reality.
“Health insurance companies”
Are they? Or are they “investment” companies.
You and Obama think alike.
You’d do better by removing the lawyers from the situation.
Now would be a good time for Republicans to up tort reform in. Say it will save hundreds of billions of dollars. Have a big press conference, put out ads and force the Senate to say no.
Then defund Obamacare because it costs too much. Pillory the lawyers on the left. They went after business’s we should go after the lawyers.
Tried to explain to people that this was going to happen.
They would say “Healthcare is a good thing”. or I’m for healthcare. Simplistic fools.
When I pointed out that the day after that damn bill was approved, Healthcare insurer stocks went up an average of 4-5% and continue to rise, I asked them again..”Who do you think made out on this deal?” Simplistic fools.
I’m so flippin disgusted with people that fail to do even the most modest of reading or research into what the government is doing. Like talking to the wall.
I agree with your strategy however with doofuses like Brian Williams as the gate keeper in the lame streams media, it will get no airplay plain and simple. The 4th estate has become one of Oboingo's columns and they are complicit in all of his transformation efforts. How do we defund them, I have no other thoughts as to making them change to survive their failed model.
Actually, sakic is correct.
Willing buyer, willing seller is the only real solution at this point.
Insurance companies are able to be directed to cover anything government directs them to cover - and then let “the rich” pay - that is, anyone who can afford the new cost of their policies.
They are an anachronism and a mere extension of government at this point.
Under the willing buyer/seller scenario you’d be asked “it costs this much, do you want to buy it?”
Under the scenario you mock you’ll be told “Wait in line and maybe you’ll get it”
As more and more people can only buy what they need and not what they want, they will begin viewing the people that can buy what they want and not just what they need as the evil rich.
WINNING rate increases??? Sorry NYT, in a free market, a seller doesn't WIN a rate increase. He may CHARGE a rate increase, but in a free market, a buyer can simply find another supplier who doesn't charge as much.
.......Oh, wait!!! We now have Obamacare. I guess free market rules may no longer apply. The NYT may be right after all. One does WIN a rate increase when a government panel allows the WIN.