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Healthcare Law Could Raise Premiums 30% For Some Californians
LATimes ^ | March 28, 2013 | Chad Terhune

Posted on 03/30/2013 12:25:56 PM PDT by Steelfish

Healthcare Law Could Raise Premiums 30% For Some Californians Premiums for many middle-income residents who aren't covered by employer plans could go up an average of 30% next year, a report says. Lower-income consumers could save big.

By Chad Terhune March 28, 2013, 6:24 p.m. About 5 million Californians got a first glimpse at what they might pay next year under the federal healthcare law. For many, that coverage will come with a hefty price tag.

Compared with what individual policies cost now, premiums are expected to rise an average of 30% for many middle-income residents who don't get their insurance through their employers.

Alternatively, lower-income consumers will reap the biggest savings and are projected to save as much as 84% off their coverage thanks to federal subsidies.

The figures were released Thursday by Covered California, the state agency charged with implementing the federal Affordable Care Act. They underscore the harsh reality that costs for some consumers will have to rise in order to carry out the biggest healthcare expansion in half a century.

"It's hard to design any change of this scale where everybody is a winner and no one is worse off," said Gerald Kominski, director of the UCLA Center for Health Policy Research and an expert on health insurance. "Some people will feel they are being unfairly targeted or penalized."

The threat of higher costs could alienate many of the policyholders the state needs to keep in the fold in order to offset the increased costs of covering sicker, poorer people who have been shut out of the system for years.

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


TOPICS: Business/Economy; News/Current Events; US: California
KEYWORDS:

1 posted on 03/30/2013 12:25:56 PM PDT by Steelfish
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To: Steelfish

Obama lied, my Bank Account Died.


2 posted on 03/30/2013 12:41:36 PM PDT by cpdiii (Deckhand, Roughneck, Mud Man, Geologist, Pilot, Pharmacist. THE CONSTITUTION IS WORTH DYING FOR!)
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To: cpdiii

Sorry California freepers, but no sympathy coming your way from me for California’s lot.


3 posted on 03/30/2013 12:46:13 PM PDT by guido911 (Islamic terrorists are members http://www.freerepublic.com/foof the "ROP", the "religion of pu*&ies")
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To: Steelfish

Not many liberals commenting on the LA Times article. I bet they’re a little stunned and don’t know what to say.


4 posted on 03/30/2013 12:53:45 PM PDT by MNDude (I survived the sequester!)
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To: Steelfish

Good. Of course, keep in mind that first estimates are always about half of what the real cost turns out to be.

Lyndon Johnson said Medicare would run no more than $9 Million annually. Now it’s nearly a trillion dollars each year, or roughly 100 times his estimate. Expect the same for Obama care, a cost this country will not be able to bear.


5 posted on 03/30/2013 1:07:34 PM PDT by txrefugee
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To: Steelfish

California will simply outlaw any expensive treatments and call the problem “fixed”.


6 posted on 03/30/2013 1:08:08 PM PDT by Wanderer99
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To: MNDude

Libs are waiting for instructions from the propaganda ministry. Can’t blame it on Bush anymore.


7 posted on 03/30/2013 1:09:18 PM PDT by fatnotlazy
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To: Steelfish
Alternatively, lower-income consumers will reap the biggest savings and are projected to save as much as 84% off their coverage thanks to federal subsidies.

and there it is... you are STILL going to pay for them

8 posted on 03/30/2013 1:10:51 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: Steelfish

The last 2 years my personal premium for Cali Blue Shield skyrocketed by 47% and now they tell me to get ready for another 60%? That means over $2k/month $24k per year and BTW I haven’t made a claim in just under 10 years.


9 posted on 03/30/2013 1:16:55 PM PDT by Cyman
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To: Steelfish

Marxism 101.


10 posted on 03/30/2013 1:34:43 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Steelfish
Healthcare Law Could Raise Premiums 30% For Some Californians

They mean the 5 or 6 that aren't on the public dole.

11 posted on 03/30/2013 1:37:17 PM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Steelfish
"It's hard to design any change of this scale where everybody is a winner and no one is worse off," said Gerald Kominski, director of the UCLA Center for Health Policy Research and an expert on health insurance. "Some people will feel they are being unfairly targeted or penalized."

NSS!! When the central planners get involved, the taxpayers take it in the shorts. Nothing new under the sun.

12 posted on 03/30/2013 1:38:21 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: Steelfish

My bet...30% will be low increase for way fewer than those getting something more like 50+% increases.


13 posted on 03/30/2013 1:39:00 PM PDT by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: Chode

Yup. The lower income and the rich will have health care. The term Health Insurance is a misnomer, because its not that anymore.

Those in the middle will be priced out of the Market. So, look for spontaneous (but really planned) demonstrations to pop up demanding the Government “step in” again to fix it.

Its all part of The Plan.


14 posted on 03/30/2013 1:43:04 PM PDT by rbg81
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To: Steelfish
Couldn’t happen to a bunch of nicer people....Say high to Nancy..morons...lol
15 posted on 03/30/2013 1:45:19 PM PDT by fedupjohn (America...Designed by Geniuses...Now inhabited by Idiots..Palin 2016...)
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To: Steelfish
"Consumer advocates are urging state officials to wring even lower rates out of private insurers during upcoming negotiations."

And there's the real intent. Drive the big bad insurance companies out so the government can take over. Corruption, Inc.

16 posted on 03/30/2013 1:52:30 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: rbg81
bingo...
17 posted on 03/30/2013 2:08:02 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: Steelfish
30% and they are complaining? Mine has gone up 100% in the last three years and my health status hasn't changed one iota. The Obamidiots haven't seen anything yet with respect to healthcare premiums.
18 posted on 03/30/2013 2:08:53 PM PDT by vetvetdoug
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To: vetvetdoug
The Obamidiots haven't seen anything yet with respect to healthcare premiums.

The moochers won't care. They aren't paying for it anyway. That's the job of we taxpayers!

19 posted on 03/30/2013 2:24:58 PM PDT by Gritty (Our masters in Washington are afraid of a populace which cannot be subdued by tyrants-Jeff Cooper)
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To: Jim Robinson

Obama’s election and re-election is a curse befallen on our nation.


20 posted on 03/30/2013 3:05:24 PM PDT by Steelfish (ui)
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To: Steelfish

California liberals communists Democrats are too dumb to realize they have been screwed!


21 posted on 03/30/2013 3:25:04 PM PDT by Logical me
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To: fatnotlazy
Can’t blame it on Bush anymore.

But they will. Or just the Republicans.

22 posted on 03/30/2013 4:00:16 PM PDT by VRW Conspirator (Cyprus - the beginning)
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To: Steelfish

Yeah! SOAK the ... lower middle class?
They had it comin’


23 posted on 03/30/2013 4:05:10 PM PDT by Lorianne (fedgov, taxporkmoney)
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To: Cyman

I was gonna ask........would that be 30% more, cause mine has already gone up over 30%.


24 posted on 03/30/2013 5:46:27 PM PDT by sheana
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