Insurers predict 100%-400% Obamacare rate explosion

[Peter1469]

http://washingtonexaminer.com/insurers-predict-100-400-obamacare-rate-explosion/article/2529523

Wow, what a disaster.

Internal cost estimates from 17 of the nation's largest insurance companies (http://energycommerce.house.gov/letter/letters-health-insurance-companies-regarding-ppacas-effect-health-insurance-premiums) indicate that health insurance premiums will grow an average of 100 percent under Obamacare, and that some will soar more than 400 percent, crushing the administration's goal of affordability.



New regulations, policies, taxes, fees and mandates are the reason for the unexpected "rate shock," according to the House Energy and Commerce Committee, which released a report Monday (http://energycommerce.house.gov/sites/republicans.energycommerce.house.gov/files/analysis/insurancepremiums/FinalReport.pdf) based on internal documents provided by the insurance companies. The 17 companies include Aetna, Blue Cross Blue Shield and Kaiser Foundation.

[zelmo1234]

This is what our agents have been telling us for over a year. It is why many companies are looking to drop coverage.

We can't afford the increase, and neither can the employee's So the only logical thing to do is to pay the fines. having less than 50 employee's helps reduce your costs, so any company that is close is going to have 49 employee's starting Jan 1 2014!

This is one more thing that is coming wait until you see how many people loose their jobS!

I think Chloe siad it best " It has been a tuff week for the Whitehouse"

And I don't think it is going to get any better!

[jillian]

http://washingtonexaminer.com/insurers-predict-100-400-obamacare-rate-explosion/article/2529523

Wow, what a disaster.

Internal cost estimates from 17 of the nation's largest insurance companies (http://energycommerce.house.gov/letter/letters-health-insurance-companies-regarding-ppacas-effect-health-insurance-premiums) indicate that health insurance premiums will grow an average of 100 percent under Obamacare, and that some will soar more than 400 percent, crushing the administration's goal of affordability.



New regulations, policies, taxes, fees and mandates are the reason for the unexpected "rate shock," according to the House Energy and Commerce Committee, which released a report Monday (http://energycommerce.house.gov/sites/republicans.energycommerce.house.gov/files/analysis/insurancepremiums/FinalReport.pdf) based on internal documents provided by the insurance companies. The 17 companies include Aetna, Blue Cross Blue Shield and Kaiser Foundation.




because insurance companies have no vested interest in avoiding regulations that keep them from not paying for medical care for people and can be counted on to accurately provide information on the subject. right?

and just because they had a contract under clinton didn't mean it was supposed to go on forever... and didn't mean that the VP was supposed to orchestrate a war he then made himself rich on.

[Peter1469]

because insurance companies have no vested interest in avoiding regulations that keep them from not paying for medical care for people and can be counted on to accurately provide information on the subject. right?

Insurance companies manage risk, they don't fund all costs- that isn't possible.

[jillian]

Insurance companies manage risk, they don't fund all costs- that isn't possible.

i'm not quite sure how the distinction you're drawing makes the report of the insurance companies any more credible.

[Peter1469]

i'm not quite sure how the distinction you're drawing makes the report of the insurance companies any more credible.

More credible than what?

[jillian]

More credible than what?

then what they are.

[Peter1469]

I suspect that you prefer a single payer (socialist) system. I prefer more of a free market approach, with insurance acting as a stop gap for high costs for health care.

[simpsonofpg]

I am retired and only have medicare, I think I am screwed. My best choice is to get real sick real fast and just die. Our congressmen and women should be worried, woops I forgot they have their own plan.

[Peter1469]

I am retired and only have medicare, I think I am screwed. My best choice is to get real sick real fast and just die. Our congressmen and women should be worried, woops I forgot they have their own plan.

Save social security. Die.