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Obamacare Guarantees Higher Health Insurance Premiums -- $3,000+ Higher
Forbes ^ | 1/7/13 | Sally Pipes

Posted on 01/07/2013 9:28:11 AM PST by Nachum

President Obama will deliver a second inaugural address later this month. He’ll no doubt reflect on what he’s done during his first four years in office — and on his signature healthcare law in particular.

Let’s reflect with him. During his first campaign for the presidency in 2008, the president promised that his health reform plan would “bring down premiums by $2,500 for the typical family” by the end of his first term.

Well, that first term is just about up. And health insurance isn’t any cheaper. In fact, it’s more expensive. Premiums have increased by an average of $3,065. And they’re about to go up even more, as Obamacare takes effect during the president’s second term.

At the end of 2012, Mark Bertolini, the CEO of Aetna, the third-largest health insurer in the country, warned that many consumers would face “premium rate shock” with the advent of Obamacare’s major insurance regulations in 2014. He predicted that unsubsidized premiums would rise 20 to 50 percent, on average.

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


TOPICS: Culture/Society; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: bhofascism; democrats; guarantees; health; healthcare; higher; insurance; obama; obamacare; pelosi; premiums; socialisthealthcare
Whoah, who'd have seen THAT coming!?

(just everyone who's not an Obamatron)

1 posted on 01/07/2013 9:28:25 AM PST by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 01/07/2013 9:30:11 AM PST by Nachum (Back on the Google blacklist- www.nachumlist.com)
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To: Nachum

BCBS Highmark here in PA....

38% increase for our HDHP Plan premiums this year.

And suddenly, smoking cessation products are no longer allowable expenses with the HSA Debit Cards. You wanna starve the beast via patches or nicotene gum (which wrecks your fillings, btw), you get to pay for it on your own dime.

Some dimwit has finally figured out they DO need smokers to subsidize their taxation drama....


3 posted on 01/07/2013 9:34:46 AM PST by LadyBuck (Strangeways, here we come....)
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To: Nachum

It’s a feature not a bug.


4 posted on 01/07/2013 9:34:46 AM PST by ConjunctionJunction
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To: Nachum

Already hit at our home.

Our insurance provider sent us a letter that said - very clearly - that much of the increase they are adding has to do with now 40% of their new applicants have pre-exisiting conditions who now must be accepted and therefore higher medical costs to all.

Obamacare is a house of cards planned to drive buyers of insurance into “lower cost” nationalized coverage.


5 posted on 01/07/2013 9:35:23 AM PST by llevrok (ObamaLand - Where young people go to retire.)
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To: Nachum

And it’ll get blamed on the Republicans...


6 posted on 01/07/2013 9:35:44 AM PST by COBOL2Java (kak-is-toc-ra-cy: Government by the least qualified or most unprincipled citizens. See: GOP-e)
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To: Nachum

Why this can’t be....this...is....unexpected!


7 posted on 01/07/2013 9:36:30 AM PST by N. Theknow (Kennedys=Can't drive, can't ski, can't fly, can't skipper a boat, but they know what's best for you.)
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To: Nachum
Obama "promised that his health reform plan would “bring down premiums by $2,500 for the typical family” by the end of his first term."

"There's a sucker born every minute"

-- Barack "P T Barnham" Obama


8 posted on 01/07/2013 9:39:36 AM PST by Iron Munro (I Miss America, don't you?)
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To: Nachum

The BIG LIE that has largely gone under the radar is that the reason health care costs have gone through the roof over the last forty plus years is precisely due to government insinuation into what was prior to that a respectable private industry. It’s classic Hegelian Dialectic stuff. Government gets involved, screws things up, then suggests that the only solution is for (drum roll please)... more government involvement.


9 posted on 01/07/2013 9:41:21 AM PST by SpaceBar
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To: Nachum

Going to insure 30 million more people AND force insurance companies to cover pre-existing conditions at the same rate as the others...and Obamacare was going to reduce a family’s HC costs by $2,500. Only in (D)umboland...


10 posted on 01/07/2013 9:47:20 AM PST by Hotlanta Mike ("Governing a great nation is like cooking a small fish - too much handling will spoil it." Lao Tzu)
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To: Nachum

Mine’s gone from $2900 (group) to $4200 (single payer)/yr, with ded/co-pay going from $500 to $2500. Who’d da thunk 0bummer’s a lying POS? Many of us knew back in 2007-08.


11 posted on 01/07/2013 9:49:54 AM PST by carriage_hill ("I meant to say maggot, but I have a lisp.")
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To: N. Theknow

Obama and his cult of idiots who voted for him will be the end of this nation.


12 posted on 01/07/2013 9:51:05 AM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: N. Theknow
He was only off by a net $5500 a year and a majority of the Obamacare effect has yet to hit.

The program is written for failure. 10 years of funding for 5 years of benefits. Mandated included coverages as bait to gain support. The pre-existing condition portions kick in before the mandated coverage provisions. A penalty structure that makes it much cheaper for employers to dump employees rather than cover them. A revenue structure that will only support a static number of beneficiaries with under a very questionable set of cost conditions.

13 posted on 01/07/2013 9:54:32 AM PST by USNBandit (sarcasm engaged at all times)
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To: carriage_hill

It is happening as they planned. We are hearded like cattle.

The final result will be that those who can afford it will buy a ‘private’ policy to pay for what the national plan cannot or won’t. Everyone else will suffer or die.


14 posted on 01/07/2013 9:55:00 AM PST by Nachum (Back on the Google blacklist- www.nachumlist.com)
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To: Nachum

‘the Affordable Health care Act” ??

We been duped.


15 posted on 01/07/2013 9:55:46 AM PST by sickoflibs (Fight like Dems, fight to win !)
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To: Nachum
I was fooled too. My belief would be a lowered cost just like the military Tri-Care. This is government subsidized health insurance but the max premium for a family was $480 (now raised to $560) per year.

I got beat up on some forums so I just downloaded the entire bill and read it for myself. I stumbled unto free Republic as a result.

16 posted on 01/07/2013 9:56:35 AM PST by USAF80
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To: USAF80
I stumbled unto free Republic as a result.

A silver lining :)

17 posted on 01/07/2013 9:58:09 AM PST by Nachum (Back on the Google blacklist- www.nachumlist.com)
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To: SpaceBar

Good post. Absolutely correct. Teddy Kennedy, and the Democrats just couldn’t leave a good private industry alone. Had to governmentalize it to its detriment, and ours.

The only good government program there is IMO doesn’t exist.


18 posted on 01/07/2013 9:59:01 AM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: Nachum; SeekAndFind

That is a problem Dems have with passing O care.

Dems will claim that these rates would have went up anyway even WORSE without the “The affordable Health Care Act” , so it still made it cheaper than it would have been (great trick HUH??)

But lets say thats partially true, let ssay that they were going to go up anyway which they would have (how much we will never know).... it doesnt matter now, Dems own the new higher rates .


19 posted on 01/07/2013 10:04:19 AM PST by sickoflibs (Fight like Dems, fight to win !)
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To: Nachum

The national media has been ALL OVER this story...I lived George Arteriosclerosis’ coverage...his extended story on high gas and health care prices was awesome. LOL


20 posted on 01/07/2013 10:09:49 AM PST by SoFloFreeper
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To: rockinqsranch
Teddy Kennedy, and the Democrats just couldn’t leave a good private industry alone.

In regards to the post you responded too and Ted Kennedy.

What haven't the Kennedy's touched they haven't screwed up.

* Cuba
* Immigration
* Executive Order to allow Federal Employee Unions.
* Health Care.
* Marilyn Monroe...

Yes I said it...

21 posted on 01/07/2013 10:14:14 AM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: sickoflibs
The costs in medical care have increased, and will continue to increase. The entire system is distorted.

Here is a dated graph:


22 posted on 01/07/2013 10:49:24 AM PST by Theoria
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To: Nachum

Did you read the comments at the Forbes site (if your pages will load through all that script—ugh)?

Most of the commenters are koolaid drinking liberals who are blaming the “greedy insurance companies” for the rate increases, and hoping for their demise and the institution of single-payer healthcare.

Heaven help us.


23 posted on 01/07/2013 10:53:02 AM PST by rightwingintelligentsia (Be careful of believing something just because you want it to be true.)
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To: Theoria

I understand, but now we can blame O-care for fun.

heck, Dems would do it if the shoe were on the other foot.


24 posted on 01/07/2013 10:54:30 AM PST by sickoflibs (Fight like Dems, fight to win !)
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To: Nachum

Their ‘agenda’ is well-underway. 2014 is going to be the sledgehammer for HC costs.


25 posted on 01/07/2013 11:22:45 AM PST by carriage_hill ("I meant to say maggot, but I have a lisp.")
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To: taildragger

Totally agree with your assessment.

My commentary was focused on a focused commentary on a focused thread.


26 posted on 01/07/2013 11:23:23 AM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: USAF80
I stumbled unto free Republic as a result.

You're in good company. A lot of us stumble here. Usually on Fridays.....

Thanks for your service, AF. Keep 'em flying!

27 posted on 01/07/2013 11:44:42 AM PST by llevrok (ObamaLand - Where young people go to retire.)
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To: Nachum
At the end of 2012, Mark Bertolini, the CEO of Aetna, the third-largest health insurer in the country, warned that many consumers would face “premium rate shock” with the advent of Obamacare’s major insurance regulations in 2014. He predicted that unsubsidized premiums would rise 20 to 50 percent, on average.

You don't have to wonder why the big health insurance companies -- including United Healthcare's marketing arm, AARP -- were big supporters of ObamaCare. For a crony fascist, what's not to like about a 20-50% revenue increase, with every American forced to buy your product.

28 posted on 01/07/2013 11:55:49 AM PST by AZLiberty (No tag today.)
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To: AZLiberty
For a crony fascist, what's not to like about a 20-50% revenue increase, with every American forced to buy your product.

Indeed. However the company will be at the mercy of the politicians who have their shock collar around their neck- and ours.

29 posted on 01/07/2013 12:01:55 PM PST by Nachum (Back on the Google blacklist- www.nachumlist.com)
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To: Nachum

I’m fortunate that my total premiums are very low, because I have good insurance with my company, although partly that is because the first few thousand is deductable (then they give us many incentives to do things that add money to a fund that can be used to pay the deductables, like a HSA but part of the insurance).

Still, my premiums for the medical part of my benefits went up a whopping 40%.

And I am limited to $2500 in my medical savings account, which I haven’t figured out if that will be a problem or not, because this will be the first year I put that much into the account.


30 posted on 01/07/2013 1:15:41 PM PST by CharlesWayneCT
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To: CharlesWayneCT
Do you mean FSA or MSA, the FSA has a $2,500 limit, I am not sure about MSA's, they are going away and most folks have HSA's.

HSA's will be made un-afforable as they need to conform to the "Qualified Plan" and in essence they will be made illegal.

GM, Obamacare, and the Sibilius Mandate, all are the destruction of Contract Law, he is turning us into a Country where we will question all Contracts, he is heading us towards becoming the next Soviet Union.

31 posted on 01/07/2013 1:42:30 PM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: rightwingintelligentsia

Odd...why would moochers, freeloaders, bums, parasites, human detritus and flotsam (aka Democrats) be reading Forbes? They aren’t going there to learn about the wonders of free markets and the power of the invisible hand.


32 posted on 01/07/2013 4:19:31 PM PST by ProtectOurFreedom
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To: Nachum
"During his first campaign for the presidency in 2008, the president promised that his health reform plan would 'bring down premiums by $2,500 for the typical family' by the end of his first term.”


33 posted on 01/08/2013 3:06:08 AM PST by clearcarbon
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To: Nachum

Third leading cause of deaths in the US

Doctors kill thousands due to ‘death tables,’ Utah expert says in new study

http://www.yourlifesource.org/press/article/?id=538&page=0


34 posted on 01/08/2013 6:24:59 AM PST by GailA ( those who do not keep promises to the Military, won't keep them to U)
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To: Nachum

Military health care gutting, I know it’s from a libtard site but it helps to keep a eye on the enemy.

http://www.dailykos.com/story/2012/11/13/1160951/-Tricare-the-sacred-health-insurance-program-for-the-military


35 posted on 01/08/2013 6:32:00 AM PST by GailA ( those who do not keep promises to the Military, won't keep them to U)
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To: Nachum

Bump


36 posted on 01/08/2013 7:09:07 AM PST by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: ProtectOurFreedom
Odd...why would moochers, freeloaders, bums, parasites, human detritus and flotsam (aka Democrats) be reading Forbes?

Forbes readership base is not "the rich" but those that keep a green eye on "the rich", hence their many lists and comparisons of others. Envious eyeballs are worth gold to advertisers of bling and other overpriced bright shiny objects. The primary goal of advertising is to stir up feelings of envy, and leftist Forbes readers are putty in their hands.

37 posted on 01/08/2013 7:14:00 AM PST by Reeses
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To: ProtectOurFreedom
Odd...why would moochers, freeloaders, bums, parasites, human detritus and flotsam (aka Democrats) be reading Forbes?

Doesn't the left actually hire people to flood the internet with whatever their hobby-horse du jour is? I recall reading about some Dem bragging about how they created a "groundswell" of demand for campaign finance "reform" that way. Just as some of the "Occupy" freaks were hired (someone posted a link to a CraigsList want ad).

38 posted on 01/08/2013 8:14:48 AM PST by maryz
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To: LadyBuck

Same here on rates, even with Federal Employees. My (AETNA FFS)premiums went from $140 per 2 weeks (Jan 2012) to $190 (Sept 2012) to a whopping $315 per 2 weeks on 1/1/13, for a 225% total increase. Luckily, we have about 10 choices on coverage so I was able to choose a similar plan (BCBS FED)for $91 per pay period. This premium is up 50% from last year, too. I was able to add a Humana Dental plan for $28, and still come out paying less. I’m guessing that most Freepers don’t have the options we do, and ended up paying a lot more.

The plans are almost identical, except the new one has higher co-pays on meds. Newer, more expensive meds are covered 80/20 with no upper limit. They were a flat $65 on the old one.


39 posted on 01/21/2013 1:44:13 AM PST by TnGOP (Petey the dog is my foreign policy adviser. He's really quite good!)
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To: TnGOP

BTW, not all of the increase was due to Obamacare. Our Union participated in this screwing big time. In an effort to cut costs, the Postal Service agreed to continue funding the union plans at the same rate. Union insurance plans are basic catastrophic health plans with high deductables.

The insurance plans offered by the USPS (HMO, PPO, POS, FFS) will be funded at lower rates, decreasing every year through 2015. That was the reason for the September increase last year, and we’ll have another increase on 9/13 and 9/14. Thank you APWU! (Don’t get me started on the Union. They are on my shit list right behind Barry, Harry, and Nancy.)


40 posted on 01/21/2013 1:56:20 AM PST by TnGOP (Petey the dog is my foreign policy adviser. He's really quite good!)
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To: TnGOP

BTW, not all of the increase was due to Obamacare. Our Union participated in this screwing big time. In an effort to cut costs, the Postal Service agreed to continue funding the union plans at the same rate. Union insurance plans are basic catastrophic health plans with high deductables.

The insurance plans offered by the USPS (HMO, PPO, POS, FFS) will be funded at lower rates, decreasing every year through 2015. That was the reason for the September increase last year, and we’ll have another increase on 9/13 and 9/14. Thank you APWU! (Don’t get me started on the Union. They are on my shit list right behind Barry, Harry, and Nancy.)


41 posted on 01/21/2013 1:56:29 AM PST by TnGOP (Petey the dog is my foreign policy adviser. He's really quite good!)
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To: Nachum

I guess I should be thankful, our premiums are being reduced by $4200. The downside is my husband is losing his job Feb 1st.


42 posted on 01/21/2013 2:42:37 AM PST by momto6
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To: TnGOP

I think you mean it’s a 125% increase ($140 to $315 is a $175 increase, which is 125% of $140.)

That’s bad enough, but it’s not 225%.


43 posted on 01/21/2013 3:13:08 AM PST by savedbygrace (But God.)
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To: savedbygrace
Health care costs in this country have spiraled so far out of control they are absurd. This Kaiser Family Foundation has found an increase in premiums for family health insurance occurred. However, the boost was moderate compared to recent years, as double-digit price increases has been the norm for a while. Currently all over the news. If you are indeed, having a spouse and children it could really get expensive 'cause of course part from having to get a bigger place, one also has to feed them and get insurance for them in case they get sick.
44 posted on 06/13/2013 2:41:02 AM PDT by caiberry
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