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Obamacare pushes costs of health insurance upward (with some real-life examples)
scholar - 13-8-2013 at 23:03

Here is the article.

Quote:
These mandates have already had drastic effects on a number of colleges and universities, which offer inexpensive, defined-cap plans to their healthy, youthful students. Premiums at Lenoir-Rhyne University in Hickory, N.C., for example, rose from $245 per student in 2011-2012 to between $2,507 [sic - only one amount is given, not a range between 2 costs--Scholar] in 2012-2013. The University of Puget Sound paid $165 per student in 2011-2012; their rates rose to between $1,500 and $2,000 for 2012-2013. Other schools have been forced to drop coverage because they could no longer afford it.

The Affordable Care Act (Obamacare's name, as legislation) makes it illegal to limit how much health insurance will pay out, and it doesn't allow the insurance company to increase the deductible or co-pay amount. So, the ONLY way an insurance company can cover the unlimited costs of medical treatment it must cover is to increase the premiums it charges everyone for the insurance.

Formerly, an insurance company could offer health insurance to people who seemed good prospects to stay healthy at lesser rates, and could charge more for people who had pre-existing medical conditions (since they could expect to have to pay more money out). Now, since people with pre-existing conditions cannot be denied coverage AND cannot be charged more than other people; AND since insurance companies cannot afford to set their premiums at a price that will lose them money--if everybody has to get one price, the one price must be high enough to cover the costs of the people needing the most expensive care.

So, given the former disparity between those who did well because they were healthy, and those who had expensive care because of their medical conditions, Obamacare has solved the problem of the inequity by making it much more expensive for the healthy to get insurance. More people are harmed by this approach than are helped.

And, ultimately, it is doomed to fail. Because, since there is NO LIMIT to the expenses that must be paid out, there is NO LIMIT to the increases in premium costs. The tenfold increase is just the first round of premium increases.
:(:(:(

The main NEWS point of the article is that Obamacare is not enforcing the out-of-pocket limits yet, saying there is a problem doing so when there is more than one limit and billing group involved.


delanti - 23-8-2013 at 21:27

Hot off the press. October 1 is the first day people are eligible to start signing up for insurance through the exchanges.

Yesterday I was at my insurance company and asked what the procedure would be for my son to sign up. Guess what, she don't know. She has been to one training session and said the participants knew more than the Government instructor. They are just getting around to testing and licensing the agents to handle applications. Guess when she was told she would know if she passed her test and when further information would be forthcoming? Why October 1 of course.

Three years and the Government is not ready to implement subscribers. It was nice of the Senate to pass something they claim is great for the Country and the uninsured and then not worry if it gets off the ground or not. I am sure as soon as they raise the debt ceiling and tax those rich folks some more things will get rolling.

Pass me the kool-aidlips_sealed


scholar - 24-8-2013 at 04:08

Another problem that has come up--the Obamacare people are not getting criminal background checks. So, the folks who have all your healthcare information (such as, do you have a heart condition that would prevent you from fighting off robbers? Do you require a wheelchair, that would slow you down in chasing thieves?) may be known criminals with convictions. They could even be guilty of blackmail or extortion. ("Hey, buddy, do you want your employer to know you've got HIV, when he considers your promotion? Pay up, or he'll get an unsigned letter about it.")


Redwolf5150 - 25-8-2013 at 16:05

Quote:
Originally posted by delanti
Hot off the press. October 1 is the first day people are eligible to start signing up for insurance through the exchanges.

Yesterday I was at my insurance company and asked what the procedure would be for my son to sign up. Guess what, she don't know. She has been to one training session and said the participants knew more than the Government instructor. They are just getting around to testing and licensing the agents to handle applications. Guess when she was told she would know if she passed her test and when further information would be forthcoming? Why October 1 of course.

Three years and the Government is not ready to implement subscribers. It was nice of the Senate to pass something they claim is great for the Country and the uninsured and then not worry if it gets off the ground or not. I am sure as soon as they raise the debt ceiling and tax those rich folks some more things will get rolling.

Pass me the kool-aidlips_sealed


If you live in a state with a GOP Governor who has rejected the federal money for start-up costs, that would ALSO explain why she didn't know, because the insurance agents haven't received the directives, rules, etc. from the state.

It's the same way here in Wisconsin, where we have the currently Tea Party Douche, errrrrrrrrrrr Darling Scott Walker as Governor.