Another Obama Claim Debunked

Vel

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Oct 30, 2008
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Remember Obama telling us that insurance premiums would go down in response to ObamaCare?
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Health Insurers Raise Some Rates by Double Digits
By REED ABELSON
Published: January 5, 2013

Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid rise in insurance costs for consumers.

Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.


http://www.nytimes.com/2013/01/06/b...arp-rise-in-premiums.html?smid=pl-share&_r=2&
 
From the article Vel cited in the original post:

Although rates paid by employers are more closely tracked than rates for individuals and small businesses, policy experts say the law has probably kept at least some rates lower than they otherwise would have been.
“There’s no question that review of rates makes a difference, that it results in lower rates paid by consumers and small businesses,” said Larry Levitt, an executive at the Kaiser Family Foundation, which estimated in an October report that rate review was responsible for lowering premiums for one out of every five filings.

Federal officials say the law has resulted in significant savings. “The health care law includes new tools to hold insurers accountable for premium hikes and give rebates to consumers,” said Brian Cook, a spokesman for Medicare, which is helping to oversee the insurance reforms.

“Insurers have already paid $1.1 billion in rebates, and rate review programs have helped save consumers an additional $1 billion in lower premiums,” he said. If insurers collect premiums and do not spend at least 80 cents out of every dollar on care for their customers, the law requires them to refund the excess.

As a result of the review process, federal officials say, rates were reduced, on average, by nearly three percentage points, according to a report issued last September.
 
So forcing insurance companies to take on risky people would drive up premiums.....nah.

Liberals avoid the business and economics courses on their way to becoming lawyers....knowing loopholes in laws and how to sue people was more important than basic economic principles for future politcians.
 
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From the article Vel cited in the original post:

Although rates paid by employers are more closely tracked than rates for individuals and small businesses, policy experts say the law has probably kept at least some rates lower than they otherwise would have been.
“There’s no question that review of rates makes a difference, that it results in lower rates paid by consumers and small businesses,” said Larry Levitt, an executive at the Kaiser Family Foundation, which estimated in an October report that rate review was responsible for lowering premiums for one out of every five filings.

Federal officials say the law has resulted in significant savings. “The health care law includes new tools to hold insurers accountable for premium hikes and give rebates to consumers,” said Brian Cook, a spokesman for Medicare, which is helping to oversee the insurance reforms.

“Insurers have already paid $1.1 billion in rebates, and rate review programs have helped save consumers an additional $1 billion in lower premiums,” he said. If insurers collect premiums and do not spend at least 80 cents out of every dollar on care for their customers, the law requires them to refund the excess.

As a result of the review process, federal officials say, rates were reduced, on average, by nearly three percentage points, according to a report issued last September.

Forgive me for doubting what "federal officials" say about the savings. They are the ones that said rates would go down in the first place. As someone who actually purchases insurance, I have personally seen the massive price increases. Go price an individual policy and get back to us on how much cheaper they've become.
 
Democraps are taking money from Medicare/Medicaid to pay for Obamacare then turning around and claiming obamacare is saving money in Medicare/Medicaid.....
 
From the article Vel cited in the original post:

Although rates paid by employers are more closely tracked than rates for individuals and small businesses, policy experts say the law has probably kept at least some rates lower than they otherwise would have been.
“There’s no question that review of rates makes a difference, that it results in lower rates paid by consumers and small businesses,” said Larry Levitt, an executive at the Kaiser Family Foundation, which estimated in an October report that rate review was responsible for lowering premiums for one out of every five filings.

Federal officials say the law has resulted in significant savings. “The health care law includes new tools to hold insurers accountable for premium hikes and give rebates to consumers,” said Brian Cook, a spokesman for Medicare, which is helping to oversee the insurance reforms.

“Insurers have already paid $1.1 billion in rebates, and rate review programs have helped save consumers an additional $1 billion in lower premiums,” he said. If insurers collect premiums and do not spend at least 80 cents out of every dollar on care for their customers, the law requires them to refund the excess.

As a result of the review process, federal officials say, rates were reduced, on average, by nearly three percentage points, according to a report issued last September.

Forgive me for doubting what "federal officials" say about the savings. They are the ones that said rates would go down in the first place. As someone who actually purchases insurance, I have personally seen the massive price increases. Go price an individual policy and get back to us on how much cheaper they've become.
Take the time like I did download from the Society of Actuaries

SOA - Society of Actuaries - Design and Implementation Considerations of ACA Risk Mitigation Programs

This report Design and Implementation Considerations of ACA Risk Mitigation Programs
pages 6 and 7 and you'll see Average annual premium of $2,553 will increase (These EXPERTS calculate!!) to in 2017 $6,158 and 141% increase!!!
A nationwide study conducted by Milliman Inc. for the Society of Actuaries found that nationwide the premiums in the individual market would increase from 8 to 37 percent in 2014
with a cumulative increase of as much as 122 percent between 2013 and 2017!!!
 
Vel didn't read her own source,you basically took the title and ran with it as an attack on obamacare without reading.
The times are mainly talking about one company that already raised premiums 39% in 2010 and is seeking more because california does not have a review process on letting companies raise rates. It would seem this one company has a poor structure system if they need to raise rates by 59% in two years.
furthermore the article is advocating for a regulation in allowing a review process on rates.it also states rates have decreased as well and may only rise on some by 7.5, but has also dropped percentage points as well.

If you are going to quote an article, make sure you understand what it says and not waste peoples time you fucking hack.
 
From the article Vel cited in the original post:

Although rates paid by employers are more closely tracked than rates for individuals and small businesses, policy experts say the law has probably kept at least some rates lower than they otherwise would have been.
“There’s no question that review of rates makes a difference, that it results in lower rates paid by consumers and small businesses,” said Larry Levitt, an executive at the Kaiser Family Foundation, which estimated in an October report that rate review was responsible for lowering premiums for one out of every five filings.

Federal officials say the law has resulted in significant savings. “The health care law includes new tools to hold insurers accountable for premium hikes and give rebates to consumers,” said Brian Cook, a spokesman for Medicare, which is helping to oversee the insurance reforms.

“Insurers have already paid $1.1 billion in rebates, and rate review programs have helped save consumers an additional $1 billion in lower premiums,” he said. If insurers collect premiums and do not spend at least 80 cents out of every dollar on care for their customers, the law requires them to refund the excess.

As a result of the review process, federal officials say, rates were reduced, on average, by nearly three percentage points, according to a report issued last September.

So the full story contradicts the premise that rates have gone up or are expected to go up?
 
Democraps are taking money from Medicare/Medicaid to pay for Obamacare then turning around and claiming obamacare is saving money in Medicare/Medicaid.....

Partisan hacks like you have little credibility.

"Democraps." LOL

Use of this word is not permited in this area of the board. - Newby
LOL
 
From the article Vel cited in the original post:

Although rates paid by employers are more closely tracked than rates for individuals and small businesses, policy experts say the law has probably kept at least some rates lower than they otherwise would have been.
“There’s no question that review of rates makes a difference, that it results in lower rates paid by consumers and small businesses,” said Larry Levitt, an executive at the Kaiser Family Foundation, which estimated in an October report that rate review was responsible for lowering premiums for one out of every five filings.

Federal officials say the law has resulted in significant savings. “The health care law includes new tools to hold insurers accountable for premium hikes and give rebates to consumers,” said Brian Cook, a spokesman for Medicare, which is helping to oversee the insurance reforms.

“Insurers have already paid $1.1 billion in rebates, and rate review programs have helped save consumers an additional $1 billion in lower premiums,” he said. If insurers collect premiums and do not spend at least 80 cents out of every dollar on care for their customers, the law requires them to refund the excess.

As a result of the review process, federal officials say, rates were reduced, on average, by nearly three percentage points, according to a report issued last September.

Forgive me for doubting what "federal officials" say about the savings. They are the ones that said rates would go down in the first place. As someone who actually purchases insurance, I have personally seen the massive price increases. Go price an individual policy and get back to us on how much cheaper they've become.

Yeah I doubt you buy shit. At the bottom of his quote it states its dropped by 3% overall.
You are cherry picking because you are a partisan moron.
 
Vel didn't read her own source,you basically took the title and ran with it as an attack on obamacare without reading.
The times are mainly talking about one company that already raised premiums 39% in 2010 and is seeking more because california does not have a review process on letting companies raise rates. It would seem this one company has a poor structure system if they need to raise rates by 59% in two years.
furthermore the article is advocating for a regulation in allowing a review process on rates.it also states rates have decreased as well and may only rise on some by 7.5, but has also dropped percentage points as well.

If you are going to quote an article, make sure you understand what it says and not waste peoples time you fucking hack.

Game. Set. Match.
 
From the article Vel cited in the original post:

Although rates paid by employers are more closely tracked than rates for individuals and small businesses, policy experts say the law has probably kept at least some rates lower than they otherwise would have been.
“There’s no question that review of rates makes a difference, that it results in lower rates paid by consumers and small businesses,” said Larry Levitt, an executive at the Kaiser Family Foundation, which estimated in an October report that rate review was responsible for lowering premiums for one out of every five filings.

Federal officials say the law has resulted in significant savings. “The health care law includes new tools to hold insurers accountable for premium hikes and give rebates to consumers,” said Brian Cook, a spokesman for Medicare, which is helping to oversee the insurance reforms.

“Insurers have already paid $1.1 billion in rebates, and rate review programs have helped save consumers an additional $1 billion in lower premiums,” he said. If insurers collect premiums and do not spend at least 80 cents out of every dollar on care for their customers, the law requires them to refund the excess.

As a result of the review process, federal officials say, rates were reduced, on average, by nearly three percentage points, according to a report issued last September.

So the full story contradicts the premise that rates have gone up or are expected to go up?

The full story is that health care costs continue to rise, but at a less alarming pace than they did prior to the healthcare reform legislation.

These Republicans seem to believe that the health care system was okay prior to reform. They are stupid.
 
From the article Vel cited in the original post:

So the full story contradicts the premise that rates have gone up or are expected to go up?

The full story is that health care costs continue to rise, but at a less alarming pace than they did prior to the healthcare reform legislation.

These Republicans seem to believe that the health care system was okay prior to reform. They are stupid.

And I believe someone posted that premiums are down overall by 3% ????

I'm just thinking: If person has to twist and mislead in order to defend their political position, they really don't have a very good position, huh?
 
From the article Vel cited in the original post:

Forgive me for doubting what "federal officials" say about the savings. They are the ones that said rates would go down in the first place. As someone who actually purchases insurance, I have personally seen the massive price increases. Go price an individual policy and get back to us on how much cheaper they've become.

Yeah I doubt you buy shit. At the bottom of his quote it states its dropped by 3% overall.
You are cherry picking because you are a partisan moron.

What's the matter? You don't like people pointing out that Obama LIED? Well, he did. Individual prices have skyrocketed in response to ObamaCare. Quit sucking off your employer and see what it would cost you to provide for your own family. Or at least, go do some price shopping.
 
So the full story contradicts the premise that rates have gone up or are expected to go up?

The full story is that health care costs continue to rise, but at a less alarming pace than they did prior to the healthcare reform legislation.

These Republicans seem to believe that the health care system was okay prior to reform. They are stupid.

And I believe someone posted that premiums are down overall by 3% ????

I'm just thinking: If person has to twist and mislead in order to defend their political position, they really don't have a very good position, huh?

"But many people elsewhere have experienced significant jumps in the premiums they pay. According to the federal analysis, 36 percent of the requests to raise rates by 10 percent or more were found to be reasonable. Insurers withdrew 12 percent of those requests, 26 percent were modified and another 26 percent were found to be unreasonable.

And, in some cases, consumer advocates say insurers have gone ahead and charged what regulators described as unreasonable rates because the state had no ability to deny the increases.

Two insurers cited by federal officials last year for raising rates excessively in nine states appear to have proceeded with their plans, said Carmen Balber, the Washington director for Consumer Watchdog, an advocacy group. While the publicity surrounding the rate requests may have drawn more attention to what the insurers were doing, regulators “weren’t getting any results by doing that,” she said.

Some consumer advocates and policy experts say the insurers may be increasing rates for fear of charging too little, and they may be less afraid of having to refund some of the money than risk losing money."

http://www.nytimes.com/2013/01/06/b...premiums.html?pagewanted=2&_r=3&smid=pl-share
 
In other words, then, health care insurance costs continue to rise disproportionately to the rate of inflation. This is NOT related to health care reform, since this has been happening since insurance companies became the primary source of health care distribution--in other words, long before health care reform.
 
In other words, then, health care insurance costs continue to rise disproportionately to the rate of inflation. This is NOT related to health care reform, since this has been happening since insurance companies became the primary source of health care distribution--in other words, long before health care reform.

[ame=http://www.youtube.com/watch?feature&v=_o65vMUk5so#]Obama Promises To Lower Health Insurance Premiums by $2,500 Per Year - YouTube[/ame]!

So exactly where is that $2500.00 per family, per year, price DECREASE that Obama promised?


Health premiums are now $5,000 a year higher than Mr. Obama promised | FreedomWorks
 
From the article Vel cited in the original post:

Although rates paid by employers are more closely tracked than rates for individuals and small businesses, policy experts say the law has probably kept at least some rates lower than they otherwise would have been.
“There’s no question that review of rates makes a difference, that it results in lower rates paid by consumers and small businesses,” said Larry Levitt, an executive at the Kaiser Family Foundation, which estimated in an October report that rate review was responsible for lowering premiums for one out of every five filings.

Federal officials say the law has resulted in significant savings. “The health care law includes new tools to hold insurers accountable for premium hikes and give rebates to consumers,” said Brian Cook, a spokesman for Medicare, which is helping to oversee the insurance reforms.

“Insurers have already paid $1.1 billion in rebates, and rate review programs have helped save consumers an additional $1 billion in lower premiums,” he said. If insurers collect premiums and do not spend at least 80 cents out of every dollar on care for their customers, the law requires them to refund the excess.

As a result of the review process, federal officials say, rates were reduced, on average, by nearly three percentage points, according to a report issued last September.

We were supposed to get either a $2,500 or a 2,500% decrease (depending on when Obama was talking)
 
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