Posted on 06/03/2015 9:27:37 PM PDT by Republican Wildcat
Health insurance costs will probably jump by 10 percent or more next year for many Kentuckians buying coverage through Kynect, the state-run insurance exchange created under the federal Affordable Care Act.
The five providers that are returning to Kynect have requested average rate changes for 2016 that range from a decrease of 9.28 percent (WellCare Health Plans of Kentucky) to an increase of 25.1 percent (Kentucky Health Cooperative).
Two other companies offering insurance plans in the private marketplace that comply with requirements of the health law requested rate increases of 9.93 percent and 11.5 percent.
...
Kentucky is one of only a few states that have so far publicly released requested rate increases, but rates appear to be going up across the country, said Cynthia Cox, associate director of health reform and private insurance for the non-profit health research group Kaiser Family Foundation.
...
In a statement to the Herald-Leader, Gov. Steve Beshear said an average increase does not translate directly into prices going up for individuals. Rates vary depending on the provider, where a person lives, whether they smoke and the size of their family, he noted.
In addition, most people who buy insurance plans through Kynect will be eligible for payment assistance.
U.S. Sen. Mitch McConnell said in a statement that the looming rate increases reflect a "broken promise" and that the "unworkable law" needs to be repealed.
Joe Smith, chairman of the Board of Kentucky Health Cooperative, said the company's request for a 25.1 percent rate increase is necessary because many of those with complex health issues who were previously covered by the state's high-risk insurance pool switched to Kentucky Health. That means the company insures some of the sickest people who are the most expensive to treat.
(Excerpt) Read more at kentucky.com ...
Thanks, MITCH McCAVE-IN.
That 2500 bucks in savings is really kicking everybody’s ass.
I hope Hussein doesn’t have anything else in the works to “save” money. It will soon bankrupt half the nation.
Most working poor were duped into buying this worthless insurance...now 2 or 3 payments later they can’t afford it.
"We agree on reforms that will finally reduce the costs of health care," Obama said. "Families will save on their premiums; businesses that will see their costs rise if we do nothing will save money now and in the future. This plan will strengthen Medicare and extend the life of that program. And because it gets rid of the waste and inefficiencies in our health care system, this will be the largest deficit reduction plan in over a decade.
"Now, I just want to repeat this because there's so much misinformation about the cost issue here. You talk to every health care economist out there and they will tell you that whatever ideas are -- whatever ideas exist in terms of bending the cost curve and starting to reduce costs for families, businesses, and government, those elements are in this bill."
He bent the cost curve, alright.
Why can’t they afford Obamacare? From what I have been reading, 87% Obamacare signee’s are subsidized by other taxpayers and private health insurance buyers. It is us, with private insurance plans whose tails are being squeezed.
TV’s, Rims, Drugs, Weaves, Watches, Condoms,$650 a month car payments on a $1200 a month job, Tattoos, Xboxes.....
Fingernails. ..
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