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Another ObamaCare Rate Shock On The Way
Investor's Business Daily ^ | 03/18/2014 | IBD Staff

Posted on 03/19/2014 6:31:36 AM PDT by IBD editorial writer

Health Care: The administration issued new rules last week to spare President Obama more political damage from his phony "keep your doctor" promise. But in so doing, they've set in motion another ObamaCare rate shock.

Soon after enrolling in ObamaCare, many people discovered the high cost of believing Obama's promises. Not only were millions required to change plans, but many learned that their "new-and-improved" ObamaCare plans forced them to give up their doctors and hospitals, too.

Turns out that insurers — desperate to keep premiums as low as they could in the face of ObamaCare's costly benefit mandates, taxes and regulations — set up narrow, sometimes extremely narrow, provider networks to hold down costs.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: healthcare; obama; obamacare; rateshock

1 posted on 03/19/2014 6:31:36 AM PDT by IBD editorial writer
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To: IBD editorial writer

All these articles, for me, is like living in Mexico and reading that there are huge price hikes in snow blowers.

It does sound, though, like if they can get the minimum wage jacked up to that over $10 mark, this coupled with that could create the price inflation so desperately needed by our government to monetize the debt.


2 posted on 03/19/2014 6:34:41 AM PDT by cuban leaf
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To: IBD editorial writer

Lucky for us that the Democrats chose a Communist-trained Insurance Czar with no previous Business or Insurance experience, is an arrogant Nobel Peace Prize winner, and wears Mom Jeans that makes him look like an ass when he leads from behind.

FORWARD !


3 posted on 03/19/2014 6:34:43 AM PDT by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: IBD editorial writer

Similar article running in The Hill.

Given that publication’s track record, a big red blinking beacon for Democrats screaming “Warning! Warning! Implosion imminent! RUN AWAY! RUN AWAY!”


4 posted on 03/19/2014 6:35:18 AM PDT by Buckeye McFrog
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To: IBD editorial writer

Remember when we all use to kid around saying, “what do you call a medical student who finishes last in his class? Doctor!”

Well, now we know where those doctors are going to practice.

We also use to hear the jokes about, “in old soviet union I was nuclear physicist. In America I am janitor.” now it’s going to be, “in Russia I was Janitor. In America I am pediatric cardiologist.


5 posted on 03/19/2014 6:37:58 AM PDT by EQAndyBuzz ("Heck of a reset there, Hillary")
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To: IBD editorial writer
For all our Leftist friends that are about to be devoured by this monster ....

We bloody told you so!!

6 posted on 03/19/2014 6:40:37 AM PDT by Westbrook (Children do not divide your love, they multiply it.)
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To: IBD editorial writer

Recall when Obama was claiming Obamacare would save families something like $2,500 per year? and most would have lower premiums?

He failed to mention that costs would actually increase as coverage increased, and deductibles would increase causing the out-of-pocket expenses to increase.

But hey, what’s a few little lies among friends.


7 posted on 03/19/2014 6:45:42 AM PDT by TomGuy
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To: Graewoulf

You make a good point. As bad and destructive as Obama is, a more competent executive/leader could do a lot more damage. In a strange way, I’m somewhat thankful that he’s the empty suit that he is. Its a bit of a silver lining in an otherwise very dark cloud.


8 posted on 03/19/2014 6:46:13 AM PDT by Starboard
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To: IBD editorial writer

someone needs to start compiling video now of Obama saying OVER and OVER during the election that passing Obamacare would DECREASE premiums by $2,500 !

Another Obama lie to broadcast to the masses!

The midterms are looking better and better :)


9 posted on 03/19/2014 6:56:43 AM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: cuban leaf
"price inflation so desperately needed by our government to monetize the debt."

This gem describes our future world in eight words.

10 posted on 03/19/2014 7:08:12 AM PDT by I am Richard Brandon (center)
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To: IBD editorial writer

Another? Another?!?!
Last year our premiums increased 40%, this year it’s gone up 38%! (Of course, ‘Progressives’ will tell you that is a decrease in the increase. BUT, 40% last year is less than 38% this year. Then again, liberals can’t do math.)
I cannot afford ANOTHER increase. I was once perfectly happy with my catastrophic policy.


11 posted on 03/19/2014 7:17:14 AM PDT by griswold3 ("Pray for Obama. Psalm 109:8".)
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To: TexasFreeper2009

This morning, in my waking fog, I heard that not one of 24 incumbents running for house was opposed. I also heard that almost all the dimbulbs in illinois are running successfully.

Free chit is unbeatable isn’t it?


12 posted on 03/19/2014 7:25:52 AM PDT by Sequoyah101
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To: IBD editorial writer

Sucks for them.


13 posted on 03/19/2014 7:28:25 AM PDT by chris37 (Heartless.)
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To: Starboard

The Constitutional hole that Obama easily walked through is that there is no painful punishment to anyone who violates the US Constitution.


14 posted on 03/19/2014 7:31:24 AM PDT by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: griswold3

Lots of folks are going to have to go to cash basis because insurance is unaffordable, especially when you pay a significant amount of your monthly income and get ‘nothing’ for it. When your premium is $450/month & your deductible is $2,500 and you need a $500 ultrasound which is not covered .... oh my (this was a real Obamabot’s situation on The Kelly File recently). ONE month’s premium + $50 would pay for that ultrasound and the rest of her premiums for the year would have covered treatment. Now she is scrounging, trying to come up with the money for the ultrasound .... (btw, her old, cancelled plan would have paid for the ultrasound). But hey, she’s got free birth control so all is well.

IMO, catastrophic policies should be available for cancer, heart issues, major operations, etc. Folks would likely be better off paying cash for the regular stuff .... lower prices because the docs don’t have to hire 10 clerks to wade through the 10,000 medical codes to file with the insurance companies, then wait for their money. Lower prices because consumers pay themselves and will compare prices. They will also be questioning possibly unnecessary procedures/tests and declining to pay for them ..... the costs of which they now don’t see when it’s hidden in insurance paying for everything.


15 posted on 03/19/2014 7:35:40 AM PDT by Qiviut (It's hard to be a donk if you're sane & it's hard to be a pubbie if you have any integrity.)
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To: Qiviut

Thanks for posting this. Besides higher monthly costs for a lesser health plan, higher deductibles and other higher costs, the very high deductibles are becoming a grim reality for many people.

“Lots of folks are going to have to go to cash basis because insurance is unaffordable, especially when you pay a significant amount of your monthly income and get ‘nothing’ for it. When your premium is $450/month & your deductible is $2,500 and you need a $500 ultrasound which is not covered .... oh my (this was a real Obamabot’s situation on The Kelly File recently). ONE month’s premium + $50 would pay for that ultrasound and the rest of her premiums for the year would have covered treatment. Now she is scrounging, trying to come up with the money for the ultrasound .... (btw, her old, cancelled plan would have paid for the ultrasound). But hey, she’s got free birth control so all is well.”


16 posted on 03/19/2014 8:05:11 AM PDT by Grampa Dave ( Too bad Obama does not take OUR borders as seriously as he does the Ukraine!)
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To: Qiviut

A buddy of mine was just told that his long-time physician is closing up shop and announced he is entering a “boutique practice” (where you can continue seeing him if you pay cash on the barrel).

But no worries. His insurer has just assigned him a new doctor. An Indian female, freshly minted out of Grenada Medical College.


17 posted on 03/19/2014 8:28:40 AM PDT by Buckeye McFrog
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To: Buckeye McFrog

His insurer has just assigned him a new doctor. An Indian female, freshly minted out of Grenada Medical College.

*********************************

Very sorry your buddy lost his long-time physician.

Perhaps he’ll get lucky and I offer this personal experience. Certain elderly family members, with serious health conditions, cannot get in to their regular primary care physicians for things like respiratory illness (if it’s really pneumonia, they’re in big trouble). The PC doc offices are so busy, they cannot work them in, even though they are long time and fragile patients. There is a “doc-in-the-box” within 3 miles and that is where they go pretty much for anything that isn’t an annual physical. The medical care at this particular facility has been outstanding - their two favorites are a PA and a female doc who is Indian. She is very conscientious, very concerned, and has a wonderful relationship with her patients - explains what is going on, treatments, etc. The medical treatments (I have some medical training) have been ‘spot on’ in my opinion.

Perhaps, though lacking in experience, this Indian doc will not yet be jaded by the system and will turn out to be ok for your buddy - fingers crossed.


18 posted on 03/19/2014 8:41:55 AM PDT by Qiviut (It's hard to be a donk if you're sane & it's hard to be a pubbie if you have any integrity.)
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To: IBD editorial writer
Another ObamaCare Rate Shock On The Way

What one must keep in mind is that 0bamacare was never really about insuring the uninsured, or providing affordable healthcare, but about destroying a vital part of our society, controlling certain aspects of the economy, and making the American people beholden to a corrupt communist government headed by a foreign usurper for their healthcare.

19 posted on 03/19/2014 8:47:10 AM PDT by The Sons of Liberty (Who but a TYRANT shoves down another man's throat what he has exempted himself from?)
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To: Qiviut
But hey, she’s got free birth control so all is well.

This sounds like the refrain to a very sad country song.

20 posted on 03/19/2014 8:51:52 AM PDT by VRW Conspirator ( 2+2 = V)
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To: Qiviut

Thanks for the tip! He has no serious health problems that he’s told me about, but this is good info to know.


21 posted on 03/19/2014 8:55:11 AM PDT by Buckeye McFrog
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To: IBD editorial writer; All
Not only premium increases, but THIS, too ..... gonna get "ugly"!

Are ObamaCare's Tax Credits Harmless? The Little Understood Dark Side Of The Subsidies

Yet, the new reality of ObamaCare’s tax credits has left finance reporters to pen articles warning readers to “take care” when considering a tax credit and providing strategies for how best to “protect yourself.” So what do finance reporters know that the White House doesn’t?

By accepting a tax credit, low-income or lower-middle class families face significant tax ramifications and potential financial risk. Congress has changed the rules twice on consumers for the credits, making the income cliffs steeper, and fully equipping the IRS to claw back overpaid subsidies (unlike the individual mandate penalty).

The flip side of the tax credits is almost unknown to the general public.

22 posted on 03/19/2014 9:18:04 AM PDT by Qiviut (It's hard to be a donk if you're sane & it's hard to be a pubbie if you have any integrity.)
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To: IBD editorial writer

The high cost of believing Obama’s promises.
They voted for him twice and received what they voted for so no bitchin and wining is allowed.


23 posted on 03/19/2014 9:37:46 AM PDT by Vaduz
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To: cuban leaf
Its weird that the low interest rates for months haven't had that effect.

I really don't know what to expect from this economy, only that whats coming is very bad.

24 posted on 03/19/2014 10:48:09 AM PDT by skeeter
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To: IBD editorial writer

Higher premium costs, higher co pays, higher deductibles, fewer doctors and hospitals accepting ObamaCare equals less health care for our $’s.

Top Cancer Centers Off-Limits Under Obamacare

Some of America’s best cancer hospitals are off-limits to many of the people now signing up for coverage under the nation’s new health care program.

Doctors and administrators say they’re concerned. So are some state insurance regulators. An Associated Press survey found examples coast to coast.

AP Excerpted. Go to the link to identify the top cancer treatment hospitals not covered.

http://www.nbcnews.com/health/health-news/top-cancer-centers-limits-under-obamacare-n56531


25 posted on 03/19/2014 3:38:40 PM PDT by Grampa Dave ( Too bad Obama does not take OUR borders as seriously as he does the Ukraine!)
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To: cuban leaf
It does sound, though, like if they can get the minimum wage jacked up to that over $10 mark, this coupled with that could create the price inflation so desperately needed by our government to monetize the debt.

You were obviously paying attention five years ago when the Treasury started printing $10 "yellowboys" as if there were no tomorrow, in amounts that beggared common sense.

Hmmm, I'm going to nominate your post as "clever insight of the week" .... and nominate you as Too Smart to Live. The Comrades will be around to see you very shortly.

Purt' close to Galt time, think?

=8^(

26 posted on 03/19/2014 4:04:45 PM PDT by lentulusgracchus
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To: Westbrook

With regards to your post 6, I know no liberals—having avoided them all my life—but it’s times like these that I wish I did, just so I could observe their agony as ObamaCare clamps down on their miserable souls. I want them to suffer just as they, by their voting, have made a lot of innocents suffer.


27 posted on 03/19/2014 5:47:06 PM PDT by OldPossum ("It's" is the contraction of "it" and "is"; think about ITS implications.)
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To: IBD editorial writer

28 posted on 03/19/2014 8:18:48 PM PDT by 4Liberty (Optimal institutions - optimal economy.)
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To: Qiviut
But hey, she’s got free birth control so all is well.

Please don't forget the prostate exams, etc., she gets them too. She should. She's paying for them.

BTW, welcome to Free Republic.

29 posted on 03/19/2014 9:12:18 PM PDT by houeto (We intend to liberate Democrats from the dreaded Job-Lock this November!)
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To: lentulusgracchus

The guitar player in my band just ordered $4,000 worth if solar panels at .$61 a watt. I believe I’m going to be doing the same thing. It’s the one thing I’ve been putting off way too long. Just as it was hard, in a world of $1.85 gas to imagine we would just accept $3.50 gas as normal. I think our world of $200 a month (or whatever yours is) power bills will become as distant a memory as $1.85 gas. Or maybe even $.85 gas.

When you see this world from that future view, certain items look too cheap to pass up.

BTW, my guitar player is an electrician who specializes in solar installations. Definitely a good friend to have in modern times. :-)


30 posted on 03/20/2014 8:11:52 AM PDT by cuban leaf
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