My Health Insurance Premiums Went Through the Roof - WTF

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by GHook93, Oct 27, 2011.

  1. GHook93
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    GHook93 Aristotle

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    I work for a large global company. Last year I elected to go with the PPO with an HRA. That means you exhaust the HRA and then you have to pay the high deductible ($1500 per person or $3K per family), because my PPO+ went up $4K. BIG MISTAKE. It cost me a ton. Keep in mind I have 3 kids!

    I finally got to open enrollment and was ready to go back the PPO+, but I was SHOCKED to see the premiums jump up $1,800 to $5,880!!! That is a huge increase. With the deductibles going up and the co-pay down to 85% instead of 90%! Now the PPO with the HRA jumped up to $4K with only $1,200 HRA! It's not because of head count. We had huge layoffs in 2008, 2009 and my co increased head count in 2010 and early 2011.

    The only explanation I can come up with is Obaminationcare drove up the costs. I am seriously considering a HMO, a plan I had had since 2002 when I was single! This is change, but definitely not hope!
     
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  2. Mr. H.
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    Mr. H. Diamond Member

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    Does your employer contribute to the premiums? Can you opt out of their coverage?
    If so, shop around.
     
  3. Listening
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    Listening Gold Member

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    I am sorry to hear that.

    Yes, I am afraid that "Obamacare" is really a precurser to cholonoscopy.
     
  4. Political Junky
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    Political Junky Gold Member

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    Surprise, the private healthcare industry is price gouging as they always do.
     
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  5. midcan5
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    midcan5 liberal / progressive

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    What's wrong with that? I thought you guys loved the free market? Stop whining, you made your personal and healthcare choices, you got what the market provides. Corporate America still loves you and especially your money. Stay healthy my friend, stay healthy.

    Mirror, Mirror on the Wall: How the Performance of the U.S. Health Care System Compares Internationally, 2010 Update - The Commonwealth Fund
    .
     
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  6. zzzz
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    zzzz Just a regular American

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    If you look around you will see most health insurance is increasing next year. Unusual? No, the cost of medical care keeps rising faster than other costs and income. The insurance companies need to raise rates to keep their profits. After all, the health industry is not in business for your health they are in it to make a profit. From the hospitals, doctors, medical supply companies and shareholders everybody wants a profit.

    [​IMG]
     
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  7. editec
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    editec Mr. Forgot-it-All

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    Ah! the joys of free market health care insurance.

    Get used to it.

    That's just an example of your provider charging whatever the market can bear.

    They are in business to make money, you know.

    You HC coverage is merely a happy-by product of their money making business.
     
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  8. chanel
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    chanel Silver Member

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    From the NY Times:

    http://www.nytimes.com/2011/09/28/b...ply-this-year-study-shows.html?pagewanted=all

    I expect this trend to continue until the law kicks in. But I also suspect doctors will be raising their rates to offset the lower medicaid reimbursements. How the insurance companies will be able to handle that is yet to be seen. Maybe they'll just go belly up. Perhaps that was the plan all along. :eusa_eh:
     
  9. Douger
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    Douger BANNED

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    #1 !!!!!!!!!!:cuckoo:

    A bit off topic but I know a couple murkins that wanted to escape to New Zealand. The wife had a (now) common murkin physique,Great Pumpkin with wig.
    They turned them down because of the (correct) assumption that she would wind up being a liability to the health care system.
     
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  10. editec
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    editec Mr. Forgot-it-All

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    Chanel,

    What do you see in the proposed HC law that will drive down the cost of HC?

    Seriously, if I've missed something please explain it to me.

    All I seee this bill doing is increasing demand, without in any way addressing costs or supply.

    What have I missed?
     

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