- Sep 19, 2011
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I know that sounds stupid BUT idiots who are so in favor of Obamacare specifically the ban on "pre-existing conditions" obviously have NO CLUE!
If they did they would understand that now because of the ban insurance companies for example in the case of smokers will because they don't know who is and isn't will raise the rates for everyone! And that's because they don't know which policyholder will cost them more due to cancer caused by smoking!!
I know that sounds too obvious BUT WAKE up people that's how it is!
So today insurance companies are RAISING employer rates in order to cover:
A) All applicants regardless of "pre-existing conditions"..i.e. smokers
B) Adults up to age 26 on parents' policies!
THESE two factors alone are RAISING employer rates and this didn't have to happen!
Obamacare, the laws architect, MIT economist Jonathan Gruber, was all over the op-ed pages, talking about how the bill would reduce the cost of health insurance. What we know for sure, he told Ezra Klein, is that [the bill] will lower the cost of buying non-group health insurance.
It is important to recognize some limitations in our modeling of prices. In particular, given publicly available data we cannot incorporate the effects of the ban on pre-existing conditions exclusions. This ban will cause a rise in premiums as insurers are forced to cover conditions that they had previously excluded. In addition, there are new premium taxes on insurers that will raise premium rates Overall, we cannot predict the net impacts of these factors on premiums without more analysis.
How Obamacare Dramatically Increases the Cost of Insurance for Young Workers - Forbes
If they did they would understand that now because of the ban insurance companies for example in the case of smokers will because they don't know who is and isn't will raise the rates for everyone! And that's because they don't know which policyholder will cost them more due to cancer caused by smoking!!
I know that sounds too obvious BUT WAKE up people that's how it is!
So today insurance companies are RAISING employer rates in order to cover:
A) All applicants regardless of "pre-existing conditions"..i.e. smokers
B) Adults up to age 26 on parents' policies!
THESE two factors alone are RAISING employer rates and this didn't have to happen!
Obamacare, the laws architect, MIT economist Jonathan Gruber, was all over the op-ed pages, talking about how the bill would reduce the cost of health insurance. What we know for sure, he told Ezra Klein, is that [the bill] will lower the cost of buying non-group health insurance.
It is important to recognize some limitations in our modeling of prices. In particular, given publicly available data we cannot incorporate the effects of the ban on pre-existing conditions exclusions. This ban will cause a rise in premiums as insurers are forced to cover conditions that they had previously excluded. In addition, there are new premium taxes on insurers that will raise premium rates Overall, we cannot predict the net impacts of these factors on premiums without more analysis.
How Obamacare Dramatically Increases the Cost of Insurance for Young Workers - Forbes