Skip to comments.Unexpected Health Insurance Rate Shock-California Obamacare Insurance Exchange Announces Premiums
Posted on 05/26/2013 11:24:17 AM PDT by HawkHogan
Yesterday, Covered Californiathe name given to the healthcare exchange created pursuant to the Affordable Care Act that will serve the largest population of insured citizens in the nationreleased 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 ratesbut 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 expectedeven 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 ...
Seriously, do these people live in an alternate universe?
I don’t believe the numbers. Let’s see all the 3 plans’ levels and costs. Farce-butt + Forbes = BS.
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?
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.
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.
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.
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?
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.
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.
Ungar appears to be the Forbes token commie lib. A lot of his pro-Kenyan articles have been posted here recently.
>>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.
There’s the ‘U’ word again! It never goes out of style with the Left.
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.
IRS example of Bronze Plan for family of four. ($20,000/year. Cheap, eh?)
Certainly raised a red flag for me, but the details were never given. They were scrubbed for the story.
Might explain why many potential providers opted out.
unexpected? by who?
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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:
I used to have Kaiser P; hardly any wait time; that will change with all the added patients.