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The U.S. House of Representatives approved the reform legislation late on Sunday, climaxing a year of uncertainty over the overhaul that cast a long shadow over the health insurance industry's future.
The overhaul faces expected approval in the Senate later this week while a legal threat looms from at least 11 states.
Should the changes become law, they create myriad pressures -- some almost immediately -- on the industry's ability to maintain its profitability.
While many of the provisions and fees based on market share do not kick in until 2014, some analysts expect insurers will act soon to shore up margins.
"All of this is going to cause the cost of healthcare insurance premiums to skyrocket massively," Collins Stewart analyst Brian Wright said.
"These companies can't run at a loss, so while you can eat some margin at the end of the day you have to massively raise prices. Massively," Wright said. "California will be begging for only 39 percent rate increases."
Democrats in recent weeks had seized on the insurers' rate hikes to generate momentum for health reform, including holding a Congressional hearing on WellPoint's (WLP.N) increases of as high as 39 percent.
The Morgan Stanley Healthcare Payor index .HMO of insurers rose 1.3 percent on Monday, although large insurers WellPoint and UnitedHealth Group (UNH.N) traded lower.
Gee....I thought the reform package was supossed to make insurance cheap, affordable and avialable to ALL....that's what the Democrat Jackals have been saying for years.
Yeah, right.
HMOs may hike premiums, slash jobs under reform | Reuters
The U.S. House of Representatives approved the reform legislation late on Sunday, climaxing a year of uncertainty over the overhaul that cast a long shadow over the health insurance industry's future.
The overhaul faces expected approval in the Senate later this week while a legal threat looms from at least 11 states.
Should the changes become law, they create myriad pressures -- some almost immediately -- on the industry's ability to maintain its profitability.
While many of the provisions and fees based on market share do not kick in until 2014, some analysts expect insurers will act soon to shore up margins.
"All of this is going to cause the cost of healthcare insurance premiums to skyrocket massively," Collins Stewart analyst Brian Wright said.
"These companies can't run at a loss, so while you can eat some margin at the end of the day you have to massively raise prices. Massively," Wright said. "California will be begging for only 39 percent rate increases."
Democrats in recent weeks had seized on the insurers' rate hikes to generate momentum for health reform, including holding a Congressional hearing on WellPoint's (WLP.N) increases of as high as 39 percent.
The Morgan Stanley Healthcare Payor index .HMO of insurers rose 1.3 percent on Monday, although large insurers WellPoint and UnitedHealth Group (UNH.N) traded lower.
Gee....I thought the reform package was supossed to make insurance cheap, affordable and avialable to ALL....that's what the Democrat Jackals have been saying for years.
Yeah, right.
HMOs may hike premiums, slash jobs under reform | Reuters
The U.S. House of Representatives approved the reform legislation late on Sunday, climaxing a year of uncertainty over the overhaul that cast a long shadow over the health insurance industry's future.
The overhaul faces expected approval in the Senate later this week while a legal threat looms from at least 11 states.
Should the changes become law, they create myriad pressures -- some almost immediately -- on the industry's ability to maintain its profitability.
While many of the provisions and fees based on market share do not kick in until 2014, some analysts expect insurers will act soon to shore up margins.
"All of this is going to cause the cost of healthcare insurance premiums to skyrocket massively," Collins Stewart analyst Brian Wright said.
"These companies can't run at a loss, so while you can eat some margin at the end of the day you have to massively raise prices. Massively," Wright said. "California will be begging for only 39 percent rate increases."
Democrats in recent weeks had seized on the insurers' rate hikes to generate momentum for health reform, including holding a Congressional hearing on WellPoint's (WLP.N) increases of as high as 39 percent.
The Morgan Stanley Healthcare Payor index .HMO of insurers rose 1.3 percent on Monday, although large insurers WellPoint and UnitedHealth Group (UNH.N) traded lower.
Risk Management. A basic premise applied to the insurance industry.
Eliminate pre-existing clauses, the risk to pay out higher amounts will increase.
Therefore premiums will increase.
Basic business logic....and Obama counted on the people being too naive to know this.
What part of THERE IS NO FREE LUNCH don't you understand, beowolfe?
Dayam....for a second there, I thought you actually understood the issues before us.
Nevermind.
This is why I'm all for a public option. No need for profits.
This is why I'm all for a public option. No need for profits.
except doctors in countries with government health systems all want to move here
best approach for all is to cut costs, which is impossible to do in any significant way without restricting access, i.e. rationing, but no Dem or GOP will allow this, so the politics of self-entitlement will continue to dominate, and premiums will now go through the roof, as they did in Mass. after Romneycare
This is why I'm all for a public option. No need for profits.
except doctors in countries with government health systems all want to move here
best approach for all is to cut costs, which is impossible to do in any significant way without restricting access, i.e. rationing, but no Dem or GOP will allow this, so the politics of self-entitlement will continue to dominate, and premiums will now go through the roof, as they did in Mass. after Romneycare
Only if they are from third world countries. You don't see doctors moving here from France or Germany or England. Only from India or Pakistan or China.
Number one cause of bankruptcies is medical bills. People using emergency rooms as their primary source of health care were bankrupting the system.
When did the Republican party become the party of, "Piss on 'em, let them die quickly"?
Exactly. Actions have consequences.except doctors in countries with government health systems all want to move here
best approach for all is to cut costs, which is impossible to do in any significant way without restricting access, i.e. rationing, but no Dem or GOP will allow this, so the politics of self-entitlement will continue to dominate, and premiums will now go through the roof, as they did in Mass. after Romneycare
Only if they are from third world countries. You don't see doctors moving here from France or Germany or England. Only from India or Pakistan or China.
Number one cause of bankruptcies is medical bills. People using emergency rooms as their primary source of health care were bankrupting the system.
When did the Republican party become the party of, "Piss on 'em, let them die quickly"?
Line in bold.
You left out the asterisk...and it is an important one.
The reason the number one reason for bankruptcies is medical bills is because people did not include POSSIBLE MEDICAL BILLS in the formula when they determined household budgets. They assumed they will stay healthy and opted NOT to buy insurance....or bought insurance with very high deductables....and then neglected to include the cost of the deductable, or the cost of getting ill with no insurance in their annual budgets.
So wherweas your statement was correct, you can also say those same people went bankrupt becuase they opted to gamble that they would stay healthy.
You will find it best rdean, to look at the overall picture before making a judgement call.
It allows for better decision making.
Exactly. Actions have consequences.Only if they are from third world countries. You don't see doctors moving here from France or Germany or England. Only from India or Pakistan or China.
Number one cause of bankruptcies is medical bills. People using emergency rooms as their primary source of health care were bankrupting the system.
When did the Republican party become the party of, "Piss on 'em, let them die quickly"?
Line in bold.
You left out the asterisk...and it is an important one.
The reason the number one reason for bankruptcies is medical bills is because people did not include POSSIBLE MEDICAL BILLS in the formula when they determined household budgets. They assumed they will stay healthy and opted NOT to buy insurance....or bought insurance with very high deductables....and then neglected to include the cost of the deductable, or the cost of getting ill with no insurance in their annual budgets.
So wherweas your statement was correct, you can also say those same people went bankrupt becuase they opted to gamble that they would stay healthy.
You will find it best rdean, to look at the overall picture before making a judgement call.
It allows for better decision making.
Gee....I thought the reform package was supossed to make insurance cheap, affordable and avialable to ALL....that's what the Democrat Jackals have been saying for years.
Yeah, right.
HMOs may hike premiums, slash jobs under reform | Reuters
The U.S. House of Representatives approved the reform legislation late on Sunday, climaxing a year of uncertainty over the overhaul that cast a long shadow over the health insurance industry's future.
The overhaul faces expected approval in the Senate later this week while a legal threat looms from at least 11 states.
Should the changes become law, they create myriad pressures -- some almost immediately -- on the industry's ability to maintain its profitability.
While many of the provisions and fees based on market share do not kick in until 2014, some analysts expect insurers will act soon to shore up margins.
"All of this is going to cause the cost of healthcare insurance premiums to skyrocket massively," Collins Stewart analyst Brian Wright said.
"These companies can't run at a loss, so while you can eat some margin at the end of the day you have to massively raise prices. Massively," Wright said. "California will be begging for only 39 percent rate increases."
Democrats in recent weeks had seized on the insurers' rate hikes to generate momentum for health reform, including holding a Congressional hearing on WellPoint's (WLP.N) increases of as high as 39 percent.
The Morgan Stanley Healthcare Payor index .HMO of insurers rose 1.3 percent on Monday, although large insurers WellPoint and UnitedHealth Group (UNH.N) traded lower.
What part of THERE IS NO FREE LUNCH don't you understand, beowolfe?
Dayam....for a second there, I thought you actually understood the issues before us.
Nevermind.
This is why I'm all for a public option. No need for profits.
What part of THERE IS NO FREE LUNCH don't you understand, beowolfe?
Dayam....for a second there, I thought you actually understood the issues before us.
Nevermind.
Jenny, dawlin........we have successful non-profit organizations all over this great nation of ours. You do realize that, don't you? The only difference between a non-profit enterprise and a for-profit enterprise is that a non-profit doesn't have to generate income for an owner or a shareholder. There is no 'free lunch' with non-profits, it just doesn't cost as much as it would with a for-profit.
Something tells me you thought all non-profits were charities, didn't you?
What part of THERE IS NO FREE LUNCH don't you understand, beowolfe?
Dayam....for a second there, I thought you actually understood the issues before us.
Nevermind.
BW is correct.
If we are to eliminate pre-existing condition clauses, a PO is the only answer...and yes...at the cost of the taxpayer...
But private insurance can not survive without pre-existing condition clauses without premiums skyrocketing.
This bill was a sham...it will fail as premiums will become way too expensive...and the insurance companies will be blamed (although not really their fault)...and we will have no choice but a PO...and then ultimately it will be a single payer plan.
For good or bad, that will be the result.
Exactly why my Dad is shifting his business out of Ca.... and likely to add a few to the unemployment lines.
