Cleveland Clinic CEO: 3/4 Of Obamacare Signups Will Face Higher Premiums

Washington Free Beacon ^ | 3/30/14 | Staff

[Nachum]

A leading healthcare expert poured cold water on the administration’s recent Obamacare enthusiasm, saying that three quarters of those signed up will face higher premiums than under their previous insurance. “Out of people that have signed up about three quarters will find premiums higher than previously with other insurance,” Dr. Toby Cosgrove, CEO of the Cleveland Clinic said on Fox News Sunday. “Hospitals are going to be paid less for what they do,” Cosgrove continued. “And we also know insurers are paying less too. We have to become more efficient in how we deliver care which is a big changefor health care providers.”

[oldtech]

It seems to me that at some point in time,with insurance premiums increasing,that some who signed on will have no choice but to drop out. Suppose the gov’t. will report these numbers accurately? For those who manage to hang onto their policies for awhile,what happens when they find out that they can’t get the right treatment with the right doctor or hospital? Then again,what happens when the premiums & deducticles go up again in the following year? They’ve spent every cent they had & now have nothing.

[bert]

No problem...... failure to be able to pay merely requires an accounting adjustment. For every account in arrears more than 90 days there will be a bond issue sold to offset the arrears. The arrears will be transferred into an asset called long term notes due .