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Health Plan Premiums Are Skyrocketing According To New Survey Of 148 Insurance Brokers,
Forbes ^ | 7 Apr 14 | Dr. Scott Gottlieb

Posted on 04/09/2014 6:27:13 AM PDT by xzins

Health Plan Premiums Are Skyrocketing According To New Survey Of 148 Insurance Brokers, With Delaware Up 100%, California 53%, Florida 37%, Pennsylvania 28%13

Health insurance premiums are showing the sharpest increases perhaps ever according to a survey of brokers who sell coverage in the individual and small group market. Morgan Stanley’s healthcare analysts conducted the proprietary survey of 148 brokers. The April survey shows the largest acceleration in small and individual group rates in any of the 12 prior quarterly periods when it has been conducted.

The average increases are in excess of 11% in the small group market and 12% in the individual market. Some state show increases 10 to 50 times that amount. The analysts conclude that the “increases are largely due to changes under the ACA.”

The analysts conducting the survey attribute the rate increases largely to a combination of four factors set in motion by Obamacare: Commercial underwriting restrictions, the age bands that don’t allow insurers to vary premiums between young and old beneficiaries based on the actual costs of providing the coverage, the new excise taxes being levied on insurance plans, and new benefit designs.

For the individual insurance market (plans sold directly to consumers); among the ten states seeing some of the sharpest average increases are: Delaware at 100%, New Hampshire 90%, Indiana 54%, California 53%, Connecticut 45%, Michigan 36%, Florida 37%, Georgia 29%, Kentucky 29%, and Pennsylvania 28%.

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


TOPICS: Extended News; News/Current Events; US: California; US: Connecticut; US: Delaware; US: Florida; US: Georgia; US: Indiana; US: Kentucky; US: Michigan; US: New Hampshire; US: Pennsylvania
KEYWORDS: abortion; california; connecticut; deathpanels; delaware; florida; georgia; increase; indiana; insurance; kentucky; michigan; newhampshire; obamacare; pennsylvania; premiums; zerocare

1 posted on 04/09/2014 6:27:13 AM PDT by xzins
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To: xzins

if you think premiums are bad. wait till you have to pay your co-insurance or deductible.


2 posted on 04/09/2014 6:33:46 AM PDT by sappy (criminaldems)
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To: xzins

100 %? Puleeze. I know where there are policies that have risen 300 % not to mention the deductible went up 6 times so its really even more than that.


3 posted on 04/09/2014 6:34:23 AM PDT by jsanders2001
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To: jsanders2001

This is obviously not “fair”. Just who are the racists who are bungling nobamacare?


4 posted on 04/09/2014 6:36:27 AM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: sappy

> if you think premiums are bad. wait till you have to pay your co-insurance or deductible.

In effect these will only be disaster coverage policies and you will end up paying $5 - 10K a year with no real benefit. What a effing scam! The liberals that support this either don’t pay for it or are complete idiots!


5 posted on 04/09/2014 6:37:03 AM PDT by jsanders2001
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To: sappy

Yep! The best of obamacare is yet to come.


6 posted on 04/09/2014 6:38:26 AM PDT by sport
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To: jsanders2001
What a effing scam!

We knew that from the gitgo. It was only the Obama worshipers, Obama voters, and parasites that did not. And they still do not. why? Because they don't/won't have to pay it. As long as they are the right political flavor, the Government will pay theirs.

7 posted on 04/09/2014 6:44:23 AM PDT by sport
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To: xzins

Because we have to pay for the millions of deadbeats who signed for FREE HC.


8 posted on 04/09/2014 6:44:26 AM PDT by blondee123 (DICTATORSHIP HAS ARRIVED! Nov. 6, 2012)
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To: jsanders2001

You basically have a choice. You pay $600 a month ($7200 a year) for three-star health policy, with a $6000 deductible...equaling a maximum of $13,200 a year in total costs.

Or you pay $900 a month ($10,800 a year) for four-star-plus insurance, with a $2,400 deductible....equaling a maximum of $13,200 a year in total costs.

The only way of saving money? You go for option one, and just refuse to go for anything requiring a doctor’s visit.

Once you crossed the street and started to pay for your all-ailments-neighbor and extra services that you didn’t ever desire in the old policy scheme....you got yourself in a money-pyramid scheme. If any company were to offer a $15,000 deductible and a monthly deal of $150...that would be the way to go, and just use the stupid policy for catastrophic gimmicks.


9 posted on 04/09/2014 6:44:40 AM PDT by pepsionice
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To: jsanders2001
What a effing scam! The liberals that support this either don’t pay for it or are complete idiots!

Or both.

10 posted on 04/09/2014 6:50:23 AM PDT by FatherofFive (Islam is evil and must be eradicated)
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To: jsanders2001

Yep. The closest equivalent individual plan from my old provider went up 60%—and gained thousands and thousands and thousands in deductibles. Stuff that used to be covered 100% I now have to pay in full until my combined deductibles and premiums (notice how they never include premiums in “out-of-pocket expenses”?) approach $12K a year.

And I’m healthy. Only need to go annually for a blood test to update a low-cost prescription.


11 posted on 04/09/2014 6:53:02 AM PDT by 9YearLurker
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To: sappy

Yes, the much narrower doctor/hospital options + much higher deductibles were required to keep premiums from going up even higher.


12 posted on 04/09/2014 6:54:06 AM PDT by ghost of nixon
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To: xzins

Barry and his ‘RATS made health care so “affordable” that it’s about to become unaffordable.


13 posted on 04/09/2014 6:56:11 AM PDT by FlingWingFlyer (The debate, ANY DEBATE, is NEVER OVER!)
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To: xzins

Cloward-Piven Mission Accomplished!!!


14 posted on 04/09/2014 6:57:32 AM PDT by E. Pluribus Unum ("A man who damns money obtained it dishonorably; a man who respects it has earned it." --Ayn Rand)
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To: xzins

I could have sworn that the MSM told us a couple weeks ago, that the rise in health insurance cost was at its lowest rate in years. Due to the ACA.


15 posted on 04/09/2014 6:58:28 AM PDT by Bruce Kurtz
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To: xzins

The price of insurance will soon outpace the average family’s ability to pay. I’m sure the Dems are counting on it so they can can start pushing for single payer.

If you make $50,000 per year before taxes how are you going to pay $15,000-$20,000 per year for insurance and still live? You will have to give up more than cable and cell phone.


16 posted on 04/09/2014 6:59:42 AM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: FlingWingFlyer
Barry and his ‘RATS made health care so “affordable” that it’s about to become unaffordable.

That's the plan. They will create a crisis and hope they're in charge when the low infos finally figure out this isn't working. The Dem's solution will be single payer.

I'm not sure how the corporatist health insurance companies will handle single payer, but I'm sure they have a plan in place.

17 posted on 04/09/2014 7:01:26 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: Georgia Girl 2

See #17. I think you’re right on the money


18 posted on 04/09/2014 7:02:02 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

The insurance companies aren’t stupid. They know they have the perfect scapegoat in Obamacare to blame for jacked up rates and deductibles.


19 posted on 04/09/2014 7:02:52 AM PDT by Wolfie
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To: xzins

I don’t think there will be single payer. Big Business wants out of the health care providing racket...it’s too hard on the bottom line. Big Health Insurance wants forced customers under the rule of law, which they now have. I look for employer provided insurance to become a thing of the past, and penalties for individuals who don’t buy insurance to increase to onerous levels so that they HAVE to buy insurance. It’s a tidy system.


20 posted on 04/09/2014 7:05:47 AM PDT by Wolfie
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To: sappy
"if you think premiums are bad. wait till you have to pay your co-insurance or deductible."

At some point high premiums and high deductibles translate into paying lots of money but not actually having any "insurance" against financial loss. They in fact become the financial loss we are trying to insure against.

Ultimately I think people will simply drop insurance completely, pay cash for doctors visits and in an emergency go to the hospital where by law they must treat the patients.

As far as the fines for not having insurance. As soon as the first group of people get fined That will end up in court and be found unconstitutional.

21 posted on 04/09/2014 7:05:57 AM PDT by precisionshootist
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To: Wolfie

It depends on whether big insurance can find a way to benefit from single payer.

The only thing that makes sense to me is basic coverage will be single payer.

Insurance companies will be able to provide “supplemental” coverage that fills in gaps, extends upper limits, and gives some appearance of choice


22 posted on 04/09/2014 7:20:24 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

people have so much extra money surely this is affordable

sarc


23 posted on 04/09/2014 7:51:29 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: 9YearLurker
The closest equivalent individual plan from my old provider went up 60%—and gained thousands and thousands and thosands in deductibles

Yup, my family too. You're not the only one.

24 posted on 04/09/2014 7:53:49 AM PDT by wbill
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To: Georgia Girl 2

“single payer” requires doctors

who here thinks doctors labs medical researchers etc are going to become de facto govt employees?

oh, there is that phone and that pen - just waiting to change the law to draft them into servitude?


25 posted on 04/09/2014 7:55:02 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: precisionshootist

agree 100%


26 posted on 04/09/2014 8:48:02 AM PDT by sappy (criminaldems)
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To: silverleaf

Oh, but Democrats don’t think that far ahead!

They will sell this to the low-info voters as the solution to ALL their healthcare issues. And unfortunately, too damn many will believe them - like they did with ObamaCare.

The real problem will be Congress “regulating” doctors, hospitals, nurses, etc... to the point of submission. And then, in an effort to refill the profusely personnel-bleeding medical profession, the government will offer VISAs to ever person who can spell “dockter” on their application and subsidize the LIVING HELL out of the medical schools with GRADUATE level scholarships and grants to get the “right” people (read that as Democrat lovers) to join the medical profession and refill those voids!

In other words, they are going to regulate them to death, then they will need MORE taxes from you, in order to SAVE you some money on your medical costs! If that isn’t PROOF that most government “assistance” programs are just ponzi schemes on STEROIDS, then you are just refusing to actually see the evidence!


27 posted on 04/09/2014 8:49:07 AM PDT by ExTxMarine (PRAYER: It's the only HOPE for real CHANGE in America!)
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To: silverleaf

Yes they will have to be conscripted. In the UK all the doctors work for the govt. The last time I looked they get about $90K per year . Can you see a cardiac surgeon working for that?


28 posted on 04/09/2014 9:35:25 AM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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