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 ...
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.
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
people have so much extra money surely this is affordable
sarc
Yup, my family too. You're not the only one.
“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?
agree 100%
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!
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?
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