Skip to comments.Healthcare Law Could Raise Premiums 30% For Some Californians
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 ...
Obama lied, my Bank Account Died.
Sorry California freepers, but no sympathy coming your way from me for California’s lot.
Not many liberals commenting on the LA Times article. I bet they’re a little stunned and don’t know what to say.
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.
California will simply outlaw any expensive treatments and call the problem “fixed”.
Libs are waiting for instructions from the propaganda ministry. Can’t blame it on Bush anymore.
and there it is... you are STILL going to pay for them
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.
They mean the 5 or 6 that aren't on the public dole.
NSS!! When the central planners get involved, the taxpayers take it in the shorts. Nothing new under the sun.
My bet...30% will be low increase for way fewer than those getting something more like 50+% increases.
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.
And there's the real intent. Drive the big bad insurance companies out so the government can take over. Corruption, Inc.
The moochers won't care. They aren't paying for it anyway. That's the job of we taxpayers!
Obama’s election and re-election is a curse befallen on our nation.
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