Skip to comments.HHS releases rules requiring pre-existing conditions coverage
Posted on 11/20/2012 11:36:54 AM PST by Nachum
The Obama administration issued new rules Tuesday that require insurance companies to cover people with preexisting conditions one of the most popular provisions of President Obamas healthcare law. The Health and Human Services Department also began to implement other popular, but expensive, parts of the Affordable Care Act. Regulations released Tuesday will prohibit insurers from charging women a higher premium than men, and will require plans in every state to cover certain services.
(Excerpt) Read more at thehill.com ...
I still await the media to identify the cost to all of subsidizing the health care costs of the self destructive homosexual elephant in the room...
LGBT individuals have encountered discrimination in the health care system for decades, and many studies have shown that LGBT people are affected by chronic disease at a higher rate than other Americans.
The new law has already made aignificant progress toward ending some of the worst insurance company abuses and helping ensure that LGBT Americans have access to coverage when they need it most. For example, the Affordable Care Act ends lifetime dollar limits on key benefits and restricts annual dollar limits until they are ended in 2014, allowing for long-term comprehensive treatment of chronic diseases.
The leftists ignore reality because it clashes with their Utopian vision of government imposed equality of results. Men & Women -the same -- Homosexual perverts and normal people -the same...
If only you’d be advising Romney...
The health insurance industry has been antispating this for a while. Rates will go up until they go out of business for lack of consumers, Otherwise they will go out of business for lack of money.
The key now for that industry is to get into the good states & good graces of Federal & state politicians, as what is left of them will be little more than political puppets providing the cookie cutter policy’s(as dictated by regulations) to our entire population.
I sure hope you have the same Health concerns as the most politically important demographic group, because that is what the only available plans will be designed to deal with financially.
Costs will go up as fast as they possibly can, until the industry collapses.
The basic problem is there is no price control, there was not before, and now there is even less.
The key to our survival will be reviving the out of pocket system to replace the collapsing 3rd party payer system while milking as much of the money taken from us(by Washington) as possible thou scam, decent, and runaround to help offset said losses.
“Why can’t Republican politicians be as good as you at making a point on an issue?”
Simple...the liberal media will not cover that explanation. All they give a damn about is covering Odumbo’s ass.
Blue Cross has already been raising my rates every quarter for over a year now in preparation for this. For my PPO, a year and a half ago my monthly premium was around $750. Now it's now almost $1,000.
Yep, I’m with BCBS of Massachusetts (even though I’m in NC, my company is headquartered in Boston) and my premiums are going up over 20% next year. It’s an effective 2.5% pay cut for me, after getting one 3% raise in the past five years. I’ll be paying almost $350 every two weeks for our plan (which is pretty decent, no complaints about it) and that’s just my contribution, not whatever my company kicks in.
I can’t complain about the plan, but wow was it a shock during open enrollment this week to see those numbers. Thanks, Zero. No, really, thanks.
Insurance companies have an underwriter. The underwriter is sometimes in another state or even another insurance company. The underwriter is like a big pool that pays out claims.
Think State Farm, they are huge. They can offset losses in one location (state) by profits from another location.
So to answer your question, no. You would not see insurance companies folding unless they are based only in Mass and their only product line is health insurance.
With ACA(sarc) all insurance companies will be affected. They will not go under because most insurance companies have other product lines, auto, property, liability, life, etc. Health insurance is not a big money maker as the claims eat into their profit margins.
What you may see is companies dropping health insurance from their product lines. I think The Principal has already done so.
I had explained to my co-worker that insurance is like a big pool. One million clients paying one dollar a month creates a one million dollar pool to pay claims. If the pool was smaller, say 500K then each would pay $2 to get the same size one million dollar pool. He understood that concept.
A week later he came to me claiming I was wrong because under OBcare the pool would be bigger thus cost would be lower. He was all excited to “prove” me wrong.
The bubble busting part came when I told him the extra people would not be paying into the pool. When the realization sank in is when the silence occurred.
Insurance companies provided a huge amount of support for this law. screw em
Doesn’t the premium go up to $200+ in 2014?
I asked every year why I should have to pay more since I had a hysterectomy and couldn't get pregnant. The Insurance company stated the additional cost had nothing to do with pregnancy, but couldn't really explain it otherwise.
Anyhow, Hubby cost them lots more than I did, since he was hospitalized 3 times during that time period. I never spent more than $300.00 a year for Doctor, Dentist, Vision, and Medicine.
Cry me a River about how men have to subsidize women. It ain't necessarily so.
By the way, women do not usually experience immaculate conception. Some man out there is also culpable. Pregnancy takes two to tango.
If someone gets a $30 a month increase, they also pay the $5 Part B increase.
What should happen is every COLA increase should be equal for all SS recipients. It makes much more sense.
Thanks for the clarification. Just going on Medicare next month. Wasn’t sure what to expect. It seems that once you get to a certain age, there’s no private plan available, if you have worked enough to qualify for Medicare, then all you get are the alphabet choices.LOL
That's the idea.
Who will be running this “single payer” system anyway? Will it be insurance companies or government employed insurance agents.
Anyone know how the Brits and Canadians administer their programs?
Get ready? Mine has already gone up.