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Unexpected Health Insurance Rate Shock-California Obamacare Insurance Exchange Announces Premiums
Forbes ^ | 5/24/2013 | Rick Ungar

Posted on 05/26/2013 11:24:17 AM PDT by HawkHogan

Yesterday, Covered California—the name given to the healthcare exchange created pursuant to the Affordable Care Act that will serve the largest population of insured citizens in the nation—released the premium rates submitted by participating health insurance companies for the three health insurance program categories (bronze, silver and gold) established by the Affordable Care Act, along with the catastrophic policy created for and available to those under the age of 30.

Upon reviewing the data, I was indeed shocked by the proposed premium rates—but not in the way you might expect. The jolt that I was experiencing was not the result of the predicted out-of-control premium costs but the shock of rates far lower than what I expected—even at the lowest end of the age scale.

So, why the all too popular narrative that Obamacare would mean unaffordable healthcare premium costs for so many Americans?

Setting aside the never-ending nonsense peddled by the opponents of healthcare reform, everyone from the Congressional Budget Office to numerous private actuaries have warned that premium shock could be expected to set in once the public began to see the reality of what Obamacare would mean to their pocketbooks. And yet, the only real jolt to the system being felt by these public and private prognosticators today is utter amazement over just how reasonable the California prices have turned out to be.

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


TOPICS: Culture/Society; Front Page News; News/Current Events; US: California
KEYWORDS: california; fraud; govtabuse; healthcare; obamacare; pelosi; politics; tyranny
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I noticed this article making the rounds on Facebook. It looks like liberals are continuing to ignore all the contrary evidence in order to continue to push the "greatness" of Obamacare. I guess they are unaware of all the negative consequences of Obamacare already witnessed, such as: employers offering skimpier plans, employers cutting their employee's hours, employers cutting jobs, skyrocketing premium costs, doctors choosing to retire early, young professionals refusing to enter the medical field, etc.

Seriously, do these people live in an alternate universe?

1 posted on 05/26/2013 11:24:17 AM PDT by HawkHogan
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To: HawkHogan

I don’t believe the numbers. Let’s see all the 3 plans’ levels and costs. Farce-butt + Forbes = BS.


2 posted on 05/26/2013 11:31:48 AM PDT by carriage_hill (Guns kill people, pencils misspell words, cars drive drunk & spoons make you fat.)
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To: carriage_hill

All the numbers seem to be for a single person. What about a family of four?
The devil is always in the details..what do you get for a bronze, silver and gold?


3 posted on 05/26/2013 11:38:09 AM PDT by Oldexpat
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To: HawkHogan

It’s easy - they’ll do with ObamaCare what they did with Social Security Trust Fund. They’ll take every dime out as it comes in and NOT put aside money for future costs. Then in a few years they’ll refer to it as an ‘entitlement’... and try to ‘means test’ it.


4 posted on 05/26/2013 11:40:14 AM PDT by GOPJ (It's Gotten So Bad for Obama Fox News Changed Its Slogan to "See. I Told You So!"- Leno)
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To: Oldexpat

I’m sure the numbers that are being reported in California are being heavily manipulated, that’s why they fly in the face of every other study done on the costs of implementing Obamacare.


5 posted on 05/26/2013 11:44:08 AM PDT by HawkHogan
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To: HawkHogan

The devil is in the details. What is covered and what is the deductible? If the premium is less than $300 a month, I suspect not much is covered and the deductible is likely $5,000.


6 posted on 05/26/2013 11:44:15 AM PDT by Marcella (Prepping can save your life today. Going Galt is freedom.)
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To: HawkHogan
Lower premiums wow..

thanks to the large influx of customers as a result of Obamacare . . . For the 2.6 million Californians who will receive federal subsidies, the price is a good deal less expensive . . .

if the IRS turns over all those fines paid to skip coverage AND the federal subsidies increase? Is that how low premiums are obtained?

7 posted on 05/26/2013 11:46:04 AM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: HawkHogan
—have been calculating that it’s worth bidding low in order to gobble up market share.

This is the truth despite the source. It's the same marketing strategy cable companies, cell phone providers etc. , use-- low priced introductory offers, then they'll get you later, once you've signed the contract. And once those that are new to insurance , not having used health care services much, actually start using it, the premiums skyrocket. This Ungar is a hack trying to wlak Obama past the 2014 elections.

8 posted on 05/26/2013 11:46:14 AM PDT by gusopol3
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To: carriage_hill

Since Sebelious babe is out there solicitating for donations to fund Obama care and promotion of...that should be a huge heads up that whatever costs “they” reveal are completely phony!....double or triple the costs no matter what numbers they give.


9 posted on 05/26/2013 11:46:27 AM PDT by caww
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To: HawkHogan

Ungar appears to be the Forbes token commie lib. A lot of his pro-Kenyan articles have been posted here recently.


10 posted on 05/26/2013 11:46:27 AM PDT by FlingWingFlyer (If you think ObamaCare is a train wreck, wait until you see the amnesty bill.)
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To: Oldexpat

>>All the numbers seem to be for a single person. What about a family of four?

Why should there be rates for a family? A citizen is a citizen. Everyone should pay individually. If the purpose of ObamaCare is to distribute the costs of medical insurance across 100% of the population, then each “population unit” should pay.

Perhaps the “chilluns” can work in a factory or something to pay their mandatory health care + national debt service. It’s only faaaaaaaaaairrrrrr.


11 posted on 05/26/2013 11:47:09 AM PDT by Bryanw92 (Sic semper tyrannis)
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To: HawkHogan

There’s the ‘U’ word again! It never goes out of style with the Left.


12 posted on 05/26/2013 11:48:11 AM PDT by Jack Hydrazine (I’m not a Republican, I'm a Conservative! Pubbies haven't been conservative since before T.R.)
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To: Oldexpat

Last OMB report I heard was $20-21,000 “avg for family of 4”. Still doesn’t tell us what level and plan that is. That may be 1st year, entry level, but could rise astronomically after that.


13 posted on 05/26/2013 11:48:14 AM PDT by carriage_hill (Guns kill people, pencils misspell words, cars drive drunk & spoons make you fat.)
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To: Oldexpat

IRS example of Bronze Plan for family of four. ($20,000/year. Cheap, eh?)

http://cnsnews.com/news/article/irs-cheapest-obamacare-plan-will-be-20000-family


14 posted on 05/26/2013 11:50:13 AM PDT by Gen.Blather
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To: caww

Certainly raised a red flag for me, but the details were never given. They were scrubbed for the story.


15 posted on 05/26/2013 11:50:13 AM PDT by carriage_hill (Guns kill people, pencils misspell words, cars drive drunk & spoons make you fat.)
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To: HawkHogan

Might explain why many potential providers opted out.


16 posted on 05/26/2013 11:51:15 AM PDT by Pikachu_Dad (Impeach Sen Quinn)
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To: Pikachu_Dad

unexpected? by who?


17 posted on 05/26/2013 11:51:42 AM PDT by GeronL (http://asspos.blogspot.com)
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18 posted on 05/26/2013 11:55:03 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: carriage_hill

If you can find the “California Covered” PDF you’ll find details on pricing, probably more than you want; I saw it yesterday. For standard definitions and benefit comparisons of “bronze, silver, gold, platinum” you’ll probably have to go elsewhere.

I found the CA rate document again:

http://www.healthreformgps.org/wp-content/uploads/CA-rates-5-23.pdf


19 posted on 05/26/2013 12:06:42 PM PDT by steve86 (Acerbic by Nature, not Nurture™)
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To: gusopol3

I used to have Kaiser P; hardly any wait time; that will change with all the added patients.


20 posted on 05/26/2013 12:13:43 PM PDT by Rusty0604
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