Posted on 03/23/2014 7:59:45 AM PDT by Kaslin
If you follow the news, you're familiar with the fact that many projections are showing that Americans will face much higher health premiums next year due to Obamacare. A new report from Avalere Health confirms this:
Avalere Health, a market research and consulting firm, estimates some consumers will pay half the cost of their specialty drugs under health overhaul-related plans, while customers in the private market typically pay no more than a third. Patient advocates worry that insurers may be trying to discourage chronically ill patients from enrolling by putting high cost drugs onto specialty tiers.Under the law, insurers can't charge an individual more than $6,350 in out-of pocket costs a year and no more than $12,700 for a family policy. But patients advocates warn those with serious illnesses could pay their entire out-of-pocket cap before their insurance kicks in any money.
Insurers say prescription drugs are one of the main reasons health care costs are rising.
One of the goals of health care reform should be to "bend the cost curve." One of the ways that Obamacare is trying to achieve that is to force consumers to pay more for prescription drugs.
This comes on the heels of a separate Avalere report this month that, aside from prescription drugs, premiums overall will skyrocket.
Biggest
Surprise
Ever
I just got my “Part D” for drug coverage, so I’ll be seeing how that works.
To comply with the requirements of the act,
health insurance policies must include all kinds of “free stuff”.
Of course we know there is no such thing as “free stuff”,
so the monthly premiums have gone up to cover those costs.
The compliant policies are best thought of now as “prepaid plans”,
where the insured is required to pay for the cost of the “free stuff”
whether they actually make use of any of those services or not.
Gone up, you say?
ReallY....
How
unexpected.
Surely its a surprise to the developers of this system...I am sure they are as completely shocked as I am....
My flabbers are completely ghasted.
Well, you pay into the pool and it has to be self-sustaining. All insurance is like that. On the house insurance, I may never get one single penny back for all the money I put in.
And with my car insurance, I’m a demonstrated good driver so I’m pretty sure I’ll never see any of that money again.
It turns out - that on both of those things - all I’ve done is pay for everyone else! What a deal!
Obamacare is forging the chains that will enslave America. The 2014 election will be the last one that counts if the Rats retain power.
The whole purpose of insurance is to have the insured pay someone else (an insurance company) to assume the risk of a financial loss that would be devastating to the insured but is not likely to happen frequently (if at all). That's why someone who pays for auto insurance or homeowner's insurance for 25 years without filing a single claim doesn't complain about it ... they paid for 25 years of peace of mind.
With a medical plan, claims are often filed with such boring regularity that the plan doesn't remotely meet any objective description of "insurance." The whole purpose of a medical plan is to take a huge group of people with enormous medical expenses and lump them into a pool with a smaller group of younger people who are conned into paying far more than you could ever justify in a real risk-managed insurance pool.
I've had the Wal*Mart/Humana Med D plan for the last three years. Like it real well.
This year the premium actually went DOWN. Monthly from 18.50 to 12.60 and the benefits improved.
I’ve been conned into paying for all those reckless drivers and for those careless people who burn down their houses and/leave trees too close to their house to fall on them ... :-) ...
I wonder if dear leader will hear any complaints about such things in his last two years in office. It’ll be interesting to see how he deals with the very things his wet dream was supposed to eliminate.
I looked at that one. I decided to go with UnitedHealthCare.
Correct you are, but my point as it would apply to your home and auto insurance is this:
If the federal government mandated that
all home insurance must include the provision for
a “free annual home inspection” or “free hail damaged shingle replacement”;
or all auto insurance must include the provision for
“free quarterly oil changes” or “free windshield replacement”;
then your premiums would have to go up to cover the cost of
all that “free stuff” whether you intend to take advantage of it or not.
Part D works for me!!!!!
I pay every month since it started and have had one otherwise free prescription in all these years.
Someone has to pay!
It’s already happening to Medicare patients. My 93-year-old mother refuses to pay for medicine that, until last year, was no cost under her plan.
Her plan is still the same; they just reclassified the medicines.
Part D works for me!!!!!
I pay every month since it started and have had one otherwise free prescription in all these years.
Someone has to pay!
“My flabbers are completely ghasted.”
But were your gobs totally smacked?
And since Obamacare has been identified as a " TAX"
and Yellen has indicated that the Fed will taper off buying Treasury Bonds,
Thus encourageing inflation above and beyond current expenses ( which are expected to almost double,according to some sources)
It means that the Fed will be double taxing you based upon your income, without responsibility ,accountability , or even Congressional approval,
even though only 1.4 % of Americans are going to now be covered through Obamacare coverage program.
Talk about " BAIT and SWITCH " !
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.