- Feb 12, 2007
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Obama is freaking out over the "up to 40%" health insurance rate increases that providers are pushing due to enrollees being sicker than expected (quelle surprise!). He's pressuring states to not approve the increases.
So, here is my prediction. In order to lower the increases, insurers will be allowed to increase co-payments and deductibles, making the insurance even less usable than it is now.
In the end, ObamaCare is just a transfer payment system from middle class people to Big Insurance and Unionized Public Employees. Gansta Gubmint at its "finest".
Hoping to avoid another political uproar over the Affordable Care Act, the Obama administration is trying to persuade states to cut back big rate increases requested by many health insurance companies for 2016.
In calling for aggressive regulation of rates, federal officials are setting up a potential clash with insurers. Some carriers said they paid out more in claims than they collected in premiums last year, so they lost money on policies sold in the new public marketplaces. After finding that new customers were sicker than expected, some health plans have sought increases of 10 percent to 40 percent or more.
Administration officials have political and financial reasons for wanting to hold down premiums. Big rate increases could undermine public support for the health care law, provide ammunition to Republican critics of the measure and increase costs for some consumers and the federal government....
http://www.nytimes.com/2015/08/04/u...uests-for-big-rate-increases.html?ref=us&_r=0
So, here is my prediction. In order to lower the increases, insurers will be allowed to increase co-payments and deductibles, making the insurance even less usable than it is now.
In the end, ObamaCare is just a transfer payment system from middle class people to Big Insurance and Unionized Public Employees. Gansta Gubmint at its "finest".
Hoping to avoid another political uproar over the Affordable Care Act, the Obama administration is trying to persuade states to cut back big rate increases requested by many health insurance companies for 2016.
In calling for aggressive regulation of rates, federal officials are setting up a potential clash with insurers. Some carriers said they paid out more in claims than they collected in premiums last year, so they lost money on policies sold in the new public marketplaces. After finding that new customers were sicker than expected, some health plans have sought increases of 10 percent to 40 percent or more.
Administration officials have political and financial reasons for wanting to hold down premiums. Big rate increases could undermine public support for the health care law, provide ammunition to Republican critics of the measure and increase costs for some consumers and the federal government....
http://www.nytimes.com/2015/08/04/u...uests-for-big-rate-increases.html?ref=us&_r=0
