Health Insurers Raise Some Rates by Double Digits

[Billo_Really]

Right. It's why the bill should not have been passed without it.

I agree.

But after over 900 face-to-face meetings at the WH between major healthcare company representatives and the President, it's no surprize Obama wasn't concerned about it being in the bill.

 

[Oddball]

Or the assholes who crashed the world economy with wars built on lies and tax cuts in while waging two wars and deregualtion that crashed the entire worlds economy.

Little early to be hitting the muscatel, innit?

 

[Billo_Really]

Yes...Because if it's one thing that simply scream "bring costs down" it's more federal bureaucracy!

I can't believe you schlubbs post such crap with a straight face.

Offering something that is 40% less than your competitors, is good for consumers.

And the only option the competitors have, is to make their prices more competitive.

The more competition, the more competitive the prices. That's one of the hallmarks of capitalism.

 

[Billo_Really]

That was the point all along, once again, for those with half of a brain...socialized medical care.

The "option" was just an option.

If medical care was really socialized, there would be no $2 trillion a year, healthcare industry.

 

[Oddball]

Yes...Because if it's one thing that simply scream "bring costs down" it's more federal bureaucracy!

I can't believe you schlubbs post such crap with a straight face.

Offering something that is 40% less than your competitors, is good for consumers.

And the only option the competitors have, is to make their prices more competitive.

The more competition, the more competitive the prices. That's one of the hallmarks of capitalism.

The only way gubmint can do that is either subsidize (i.e. schlepp the costs off onto the taxpayer) it or ration it....Those are the hallmarks of socialism.

 

[Truthmatters]

I don't understand why folks will pay the higher rates.

Drop your carrier through your employer and pay the "non tax" tax. I'm serious.

Or just put the fuckin' "public option" back into the bill, then just sit back and let the mechanics of capitalism do its thing.

Rates will go down and you won't have to pay the additional tax.

That was the point all along, once again, for those with half of a brain...socialized medical care.

its single payer not socialized medical care.


why do you people REFUSE to use the correct terms?

 

[Billo_Really]

The only way gubmint can do that is either subsidize (i.e. schlepp the costs off onto the taxpayer) it or ration it....Those are the hallmarks of socialism.

40% of the overall costs a "for-profit" healthcare company pays, is 3rd party administrative costs. The government is already set up to do that with its medicare program. It doesn't need to have a 3rd party involved. Therefore, it doesn't have that 40% burden to deal with. Which allows it to cut the costs of the service by that amount. This is Economics 101, not rocket science.

 

[Oddball]

The only way gubmint can do that is either subsidize (i.e. schlepp the costs off onto the taxpayer) it or ration it....Those are the hallmarks of socialism.

40% of the overall costs a "for-profit" healthcare company pays, is 3rd party administrative costs. The government is already set up to do that with its medicare program. It doesn't need to have a 3rd party involved. Therefore, it doesn't have that 40% burden to deal with. Which allows it to cut the costs of the service by that amount. This is Economics 101, not rocket science.

And Medicare costs well in excess of 10 times (counting inflation) what it was projected to cost back in 1965.

How 'bout you name the last time -no, the FIRST time- when a federal gubmint program delivered on its promise and came in at or under budget?

Economics 101 indeed.

 

[Billo_Really]

And Medicare costs well in excess of 10 times (counting inflation) what it was projected to cost back in 1965.

How 'bout you name the last time -no, the FIRST time- when a federel gubmint program delivered on its promise and came in at or under budget?

Rocket science indeed.

Medicare has been around for 50 years and there are a lot of people that are happy about it. That doesn't seem to be too big of a problem. It's not like the defense budget, which is a big fuckin' problem!

As for the government not delivering on its promise, you're right, they don't.

But that's our fault for not making them.

 

[Oddball]

And Medicare costs well in excess of 10 times (counting inflation) what it was projected to cost back in 1965.

How 'bout you name the last time -no, the FIRST time- when a federel gubmint program delivered on its promise and came in at or under budget?

Rocket science indeed.

Medicare has been around for 50 years and there are a lot of people that are happy about it. That doesn't seem to be too big of a problem. It's not like the defense budget, which is a big fuckin' problem!

As for the government not delivering on its promise, you're right, they don't.

But that's our fault for not making them.

The topic is containing costs, not whether or not the proles are happy with the program.

And it's not about the defense budget, which exhibits every bit of the cost overruns and bureaucratic bloat that Medicare does.

But thanks for the left-handed concession that you do in fact know that the claim that the feds are going to -or even can- contain costs is utter bullshit.

 

[Billo_Really]

The topic is containing costs, not whether or not the proles are happy with the program.

And it's not about the defense budget, which exhibits every bit of the cost overruns and bureaucratic bloat that Medicare does.

But thanks for the left-handed concession that you do in fact know that the claim that the feds are going to -or even can- contain costs is utter bullshit.

Ultimately, the government is merely a reflection of the people it governs. If there is corruption in government, it's because there is corruption in our own lives. If we want a better government, we have to become a better society.

 

[dblack]

There you have it....Declare the states incapable and/or intransigent and have the feds take over the whole system.

I think you got that backwards.

The system has taken over the feds.

What's the difference? Does it matter? Let's just call it a merger.

 

[Wry Catcher]

Health Insurers Raise Some Rates by Double Digits
By REED ABELSON
Published: January 5, 2013
http://www.nytimes.com/2013/01/06/b...arp-rise-in-premiums.html?pagewanted=all&_r=0

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.


Dave Jones, the California insurance commissioner, said some insurance companies could raise rates as much as they did before the law was enacted.
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.

In California, Aetna is proposing rate increases of as much as 22 percent, Anthem Blue Cross 26 percent and Blue Shield of California 20 percent for some of those policy holders, according to the insurers’ filings with the state for 2013. These rate requests are all the more striking after a 39 percent rise sought by Anthem Blue Cross in 2010 helped give impetus to the law, known as the Affordable Care Act, which was passed the same year and will not be fully in effect until 2014.

In other states, like Florida and Ohio, insurers have been able to raise rates by at least 20 percent for some policy holders. The rate increases can amount to several hundred dollars a month.

wtf?

WTF indeed. Would you please post the annual raises in the cost of health insurance for the past two decades? Doing so gives perspective, what you have done (I'm Shocked!) is post a highly partisan and wholly misleading thread.


http://www.ritholtz.com/blog/2010/12/u-s-health-care-costs-since-1980/

 

[Wry Catcher]

So Obama and his comrades in arms LIED to you....................AGAIN?

come on we should be thanking Daddy Obama for the NEW GOVENMENT PROGRAM we get to PAY FOR

Another stupid echo.

http://www.ritholtz.com/blog/2010/12/u-s-health-care-costs-since-1980/

 

[dblack]

The topic is containing costs, not whether or not the proles are happy with the program.

And it's not about the defense budget, which exhibits every bit of the cost overruns and bureaucratic bloat that Medicare does.

But thanks for the left-handed concession that you do in fact know that the claim that the feds are going to -or even can- contain costs is utter bullshit.

Ultimately, the government is merely a reflection of the people it governs. If there is corruption in government, it's because there is corruption in our own lives. If we want a better government, we have to become a better society.

Ultimately, yeah, I suppose. But more immediately, it's a reflection of the people who most aggressively lobby for their "interests". When those interests include profits, other concerns fall by the wayside. This is why government shouldn't be allowed to choose winners and losers in the marketplace.

 

[dblack]

Right. It's why the bill should not have been passed without it.

I agree.

But after over 900 face-to-face meetings at the WH between major healthcare company representatives and the President, it's no surprize Obama wasn't concerned about it being in the bill.

This sounds like a pretty lame excuse to me. They passed a bad bill because of meeting fatigue?

 

[Oddball]

The topic is containing costs, not whether or not the proles are happy with the program.

And it's not about the defense budget, which exhibits every bit of the cost overruns and bureaucratic bloat that Medicare does.

But thanks for the left-handed concession that you do in fact know that the claim that the feds are going to -or even can- contain costs is utter bullshit.

Ultimately, the government is merely a reflection of the people it governs. If there is corruption in government, it's because there is corruption in our own lives. If we want a better government, we have to become a better society.

Don't blame me for your corrupt politicians, Gomer.

 

[Oddball]

Q: What has 200 legs with 100 blown out knees?

A: The line of people waiting for ACL treatment in any country with socialized medical care.

 

[Billo_Really]

Don't blame me for your corrupt politicians, Gomer.

Sorry, if you're a citizen of this country, you're responsible whether you like it, or not.

 

[Soggy in NOLA]

Health Insurers Raise Some Rates by Double Digits
By REED ABELSON
Published: January 5, 2013
http://www.nytimes.com/2013/01/06/b...arp-rise-in-premiums.html?pagewanted=all&_r=0

wtf?

That's why the "public option" was so important to be in the healthcare bill.

It was the only concrete measure that would've forced prices "down".

Oh, the public option would have miracuously lowered the cost of malpractice insurance, drugs, physicians, nurses, anesthesiologists, etc.?



Sorry bub... you layer on more and more compliance and reporting requirements like a lasagna and you get higher costs.