UN-Affordable Care Act Premiums UP By DOUBLE-DIGITS For 2016

[easyt65]

This may seem redundant, given all of the attention to huge price spikes in the ObamaCare exchanges in states like Minnesota (between 34-50% for most plans) and Mississippi (over 60%). Even CBS News has begun to wake up to the rapidly escalating costs of insurance in the so-called Affordable Care Act exchanges. Yet ObamaCare advocates argue that these price explosions are localized and not indicative of the overall direction of premium prices in 2016.

A new study shows that the price hikes are not just localized or anecdotal. Megan McArdle picks up on an analysis by Avalere that shows an average 13% increase in the cheapest plans for subsidized mandatory coverage.

LINK: Not your imagination: ObamaCare premiums shot up by double digits for 2016 « Hot Air

wow...would never seen this coming...

 

[P F Tinmore]

No surprise. Many of us saw this coming. The ACA is the most expensive, most convoluted system available.

It was written by insurance companies to pack their pockets with our money. And we are required to fork it over. Some people say that it is not socialist care, it is fascist care.

The plan that Bernie Sanders proposes provides care for everyone with costs below what we were spending before ACA.

 

[DGS49]

Although the ACA was over a thousand pages long, one only needed to know the basics to see that it would result in dramatic increases in premiums for those unfortunate enough to have to pay them. And of course it was sold on a pack of lies.

If insurance companies cannot refuse to cover anyone who is already sick...

And if they cannot place lifetime maximums on coverage...

And if the whole thing depends on tens of millions of HEALTHY YOUNG people signing up and agreeing to pay premiums that are likely to be many times what they would actually spend each year obtaining healthcare...

This obviously cannot work, and premiums will go up dramatically while coverage deteriorates. My own maximum annual out of pocket went from about $500 to $4,000, as the premiums doubled.

 

[longknife]

Failed Obamacare Co-Ops Paid CEOs a Quarter of a Million

Nowhere close to covering the number promised, Obamacare is falling apart. And here's one of the reasons for it:

Before 11 of the 23 nonprofit insurers created under Obamacare announced they would be closing their doors, the top executives running their operations raked in large sums of money.

The Affordable Care Act placed a $500,000 salary cap on co-op employees, and executives running the nonprofit insurers earned a high of $490,125—paid to Jerry Burgess, chief executive of Consumers’ Choice Health Insurance Cooperative in South Carolina—and a low of $46,524—paid to Joanne Hill of Colorado HealthOP in Colorado.



Read more @ Officials With Obamacare Co-Ops Made Average of $245,000

 

[Arianrhod]

The PPACA is 906 pages long and can be read by anyone who's interested (understood is another thing; it's written in lawyerese, but it's not "secret," no matter how many times that's repeated):

http://www.gpo.gov/fdsys/pkg/BILLS-111hr3590enr/pdf/BILLS-111hr3590enr.pdf

Not sure what's going on in Minnesota, but the map below explains some of the increases:

Some media have reported this from the outset. Typically infotainment network visual media is slow to catch on.

Maybe more citizens of these states will be better informed and maybe their legislators will stop acting like petulant children and be more responsive to their constituents. Lot of maybes there.

 

[Sun Devil 92]

Failed Obamacare Co-Ops Paid CEOs a Quarter of a Million

Nowhere close to covering the number promised, Obamacare is falling apart. And here's one of the reasons for it:

Before 11 of the 23 nonprofit insurers created under Obamacare announced they would be closing their doors, the top executives running their operations raked in large sums of money.

The Affordable Care Act placed a $500,000 salary cap on co-op employees, and executives running the nonprofit insurers earned a high of $490,125—paid to Jerry Burgess, chief executive of Consumers’ Choice Health Insurance Cooperative in South Carolina—and a low of $46,524—paid to Joanne Hill of Colorado HealthOP in Colorado.



Read more @ Officials With Obamacare Co-Ops Made Average of $245,000

Yep....and the remaining ones are not going to last.

 

[Maryland Patriot]

No surprise. Many of us saw this coming. The ACA is the most expensive, most convoluted system available.

It was written by insurance companies to pack their pockets with our money. And we are required to fork it over. Some people say that it is not socialist care, it is fascist care.

The plan that Bernie Sanders proposes provides care for everyone with costs below what we were spending before ACA.

Where does the money come from to fund Sanders ill thought out plan.

 

[dblack]

No surprise. Many of us saw this coming. The ACA is the most expensive, most convoluted system available.

It was written by insurance companies to pack their pockets with our money. And we are required to fork it over. Some people say that it is not socialist care, it is fascist care.

The plan that Bernie Sanders proposes provides care for everyone with costs below what we were spending before ACA.

Where does the money come from to fund Sanders ill thought out plan.

The same place it comes from to pay for forced insurance purchases.

 

[Maryland Patriot]

No surprise. Many of us saw this coming. The ACA is the most expensive, most convoluted system available.

It was written by insurance companies to pack their pockets with our money. And we are required to fork it over. Some people say that it is not socialist care, it is fascist care.

The plan that Bernie Sanders proposes provides care for everyone with costs below what we were spending before ACA.

Where does the money come from to fund Sanders ill thought out plan.

The same place it comes from to pay for forced insurance purchases.

isn't that bucket of cash going to run dry one day?

 

[P F Tinmore]

No surprise. Many of us saw this coming. The ACA is the most expensive, most convoluted system available.

It was written by insurance companies to pack their pockets with our money. And we are required to fork it over. Some people say that it is not socialist care, it is fascist care.

The plan that Bernie Sanders proposes provides care for everyone with costs below what we were spending before ACA.

Where does the money come from to fund Sanders ill thought out plan.

You didn't read my post.

 

[dblack]

No surprise. Many of us saw this coming. The ACA is the most expensive, most convoluted system available.

It was written by insurance companies to pack their pockets with our money. And we are required to fork it over. Some people say that it is not socialist care, it is fascist care.

The plan that Bernie Sanders proposes provides care for everyone with costs below what we were spending before ACA.

Where does the money come from to fund Sanders ill thought out plan.

The same place it comes from to pay for forced insurance purchases.

isn't that bucket of cash going to run dry one day?

Probably. I'm not a fan of socialized medicine. But it would be better than ACA, which is the opposite. ACA forces us to pay essentially the same money we'd have to pay in taxes for socialized health care, but funnels it through private companies instead. I'll pay my taxes to government for services I don't necessarily want (while reserving the right to complain about it). But I won't grant the power of taxation to the insurance industry.

 

[Maryland Patriot]

No surprise. Many of us saw this coming. The ACA is the most expensive, most convoluted system available.

It was written by insurance companies to pack their pockets with our money. And we are required to fork it over. Some people say that it is not socialist care, it is fascist care.

The plan that Bernie Sanders proposes provides care for everyone with costs below what we were spending before ACA.

Where does the money come from to fund Sanders ill thought out plan.

The same place it comes from to pay for forced insurance purchases.

isn't that bucket of cash going to run dry one day?

Probably. I'm not a fan of socialized medicine. But it would be better than ACA, which is the opposite. ACA forces us to pay essentially the same money we'd have to pay in taxes for socialized health care, but funnels it through private companies instead. I'll pay my taxes to government for services I don't necessarily want (while reserving the right to complain about it). But I won't grant the power of taxation to the insurance industry.

I say we go back to the way it was.
Pay or don't have it.

 

[dblack]

No surprise. Many of us saw this coming. The ACA is the most expensive, most convoluted system available.

It was written by insurance companies to pack their pockets with our money. And we are required to fork it over. Some people say that it is not socialist care, it is fascist care.

The plan that Bernie Sanders proposes provides care for everyone with costs below what we were spending before ACA.

Where does the money come from to fund Sanders ill thought out plan.

The same place it comes from to pay for forced insurance purchases.

isn't that bucket of cash going to run dry one day?

Probably. I'm not a fan of socialized medicine. But it would be better than ACA, which is the opposite. ACA forces us to pay essentially the same money we'd have to pay in taxes for socialized health care, but funnels it through private companies instead. I'll pay my taxes to government for services I don't necessarily want (while reserving the right to complain about it). But I won't grant the power of taxation to the insurance industry.

I say we go back to the way it was.
Pay or don't have it.

But that's not quite the way it was, which was the problem.

 

[Maryland Patriot]

Where does the money come from to fund Sanders ill thought out plan.

The same place it comes from to pay for forced insurance purchases.

isn't that bucket of cash going to run dry one day?

Probably. I'm not a fan of socialized medicine. But it would be better than ACA, which is the opposite. ACA forces us to pay essentially the same money we'd have to pay in taxes for socialized health care, but funnels it through private companies instead. I'll pay my taxes to government for services I don't necessarily want (while reserving the right to complain about it). But I won't grant the power of taxation to the insurance industry.

I say we go back to the way it was.
Pay or don't have it.

But that's not quite the way it was, which was the problem.

That's exactly how it was.
How was it not that way?

 

[dblack]

The same place it comes from to pay for forced insurance purchases.

isn't that bucket of cash going to run dry one day?

Probably. I'm not a fan of socialized medicine. But it would be better than ACA, which is the opposite. ACA forces us to pay essentially the same money we'd have to pay in taxes for socialized health care, but funnels it through private companies instead. I'll pay my taxes to government for services I don't necessarily want (while reserving the right to complain about it). But I won't grant the power of taxation to the insurance industry.

I say we go back to the way it was.
Pay or don't have it.

But that's not quite the way it was, which was the problem.

That's exactly how it was.
How was it not that way?

The combined effects of ill-considered regulation twisted the health insurance, and health care, markets into a dysfunctional, inflationary mess. Labor and tax laws that encouraged over-insurance, and cost shifting laws like EMTALA, which socialized the damage of excessive insurance, created a two-tiered health care market. We essentially had two types of health care consumers - people who were covered, who didn't care what health care cost because someone else was paying for it, and people who weren't, who didn't care what health care cost because someone else was paying for it. That kind of market condition will inevitably produce out-of-control inflation.

 

[HereWeGoAgain]

No surprise. Many of us saw this coming. The ACA is the most expensive, most convoluted system available.

It was written by insurance companies to pack their pockets with our money. And we are required to fork it over. Some people say that it is not socialist care, it is fascist care.

The plan that Bernie Sanders proposes provides care for everyone with costs below what we were spending before ACA.

And you believe him?

 

[Maryland Patriot]

isn't that bucket of cash going to run dry one day?

Probably. I'm not a fan of socialized medicine. But it would be better than ACA, which is the opposite. ACA forces us to pay essentially the same money we'd have to pay in taxes for socialized health care, but funnels it through private companies instead. I'll pay my taxes to government for services I don't necessarily want (while reserving the right to complain about it). But I won't grant the power of taxation to the insurance industry.

I say we go back to the way it was.
Pay or don't have it.

But that's not quite the way it was, which was the problem.

That's exactly how it was.
How was it not that way?

The combined effects of ill-considered regulation twisted the health insurance, and health care, markets into a dysfunctional, inflationary mess. Labor and tax laws that encouraged over-insurance, and cost shifting laws like EMTALA, which socialized the damage of excessive insurance, created a two-tiered health care market. We essentially had two types of health care consumers - people who were covered, who didn't care what health care cost because someone else was paying for it, and people who weren't, who didn't care what health care cost because someone else was paying for it. That kind of market condition will inevitably produce out-of-control inflation.

so in your words, the ill-considered regulations by the government twisted the health care industry and caused it to become out of control.
and this is the same government that you think is going to be able to save the industry that their regulations destroyed?
personally, I don't want some uneducated welfare queen making my health decisions.
all it took to have health insurance was to pay for it.

 

[dblack]

Probably. I'm not a fan of socialized medicine. But it would be better than ACA, which is the opposite. ACA forces us to pay essentially the same money we'd have to pay in taxes for socialized health care, but funnels it through private companies instead. I'll pay my taxes to government for services I don't necessarily want (while reserving the right to complain about it). But I won't grant the power of taxation to the insurance industry.

I say we go back to the way it was.
Pay or don't have it.

But that's not quite the way it was, which was the problem.

That's exactly how it was.
How was it not that way?

The combined effects of ill-considered regulation twisted the health insurance, and health care, markets into a dysfunctional, inflationary mess. Labor and tax laws that encouraged over-insurance, and cost shifting laws like EMTALA, which socialized the damage of excessive insurance, created a two-tiered health care market. We essentially had two types of health care consumers - people who were covered, who didn't care what health care cost because someone else was paying for it, and people who weren't, who didn't care what health care cost because someone else was paying for it. That kind of market condition will inevitably produce out-of-control inflation.

so in your words, the ill-considered regulations by the government twisted the health care industry and caused it to become out of control.
and this is the same government that you think is going to be able to save the industry that their regulations destroyed?
personally, I don't want some uneducated welfare queen making my health decisions.
all it took to have health insurance was to pay for it.

I'm not sure what you're trying to say here, but I don't think government should be involved with health care, or health insurance, at all. But if they are going to step into that arena, the last thing I want them to do is "partner" with private, for-profit companies. That kind of 'middle-ground' between capitalism and socialism is far worse than either extreme.

 

[P F Tinmore]

No surprise. Many of us saw this coming. The ACA is the most expensive, most convoluted system available.

It was written by insurance companies to pack their pockets with our money. And we are required to fork it over. Some people say that it is not socialist care, it is fascist care.

The plan that Bernie Sanders proposes provides care for everyone with costs below what we were spending before ACA.

Where does the money come from to fund Sanders ill thought out plan.

We are already paying for it. We are just not getting it.

 

[Maryland Patriot]

I say we go back to the way it was.
Pay or don't have it.

But that's not quite the way it was, which was the problem.

That's exactly how it was.
How was it not that way?

The combined effects of ill-considered regulation twisted the health insurance, and health care, markets into a dysfunctional, inflationary mess. Labor and tax laws that encouraged over-insurance, and cost shifting laws like EMTALA, which socialized the damage of excessive insurance, created a two-tiered health care market. We essentially had two types of health care consumers - people who were covered, who didn't care what health care cost because someone else was paying for it, and people who weren't, who didn't care what health care cost because someone else was paying for it. That kind of market condition will inevitably produce out-of-control inflation.

so in your words, the ill-considered regulations by the government twisted the health care industry and caused it to become out of control.
and this is the same government that you think is going to be able to save the industry that their regulations destroyed?
personally, I don't want some uneducated welfare queen making my health decisions.
all it took to have health insurance was to pay for it.

I'm not sure what you're trying to say here, but I don't think government should be involved with health care, or health insurance, at all. But if they are going to step into that arena, the last thing I want them to do is "partner" with private, for-profit companies. That kind of 'middle-ground' between capitalism and socialism is far worse than either extreme.

Government should not be involved in health care at all. My health and my health choices are not the governments business or your responsibility to pay for.