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This week, the Kaiser Family Foundation and the Health Research and Educational Trust released a major survey on employer-sponsored health benefits in the United States. Among the many important findings in the report, one fact stood out: Americans are paying more and more for their health insurance every year, a concerning trend that is only getting worse under Obamacare. The report explains that:
health insurance continues unaffordable trend after obamacare
Seeded on Mon Oct 17, 2011 12:52 PM EDT
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- Public Discussion (12)
Americans will be required to carry generous levels of coverage or pay a penalty. This will mean even larger premium hikes than we’ve already seen. Other provisions will add even further to Americans’ premiums costs, including required limits on cost sharing and deductibles, elimination of annual and lifetime limits on health benefits, taxes on insurers and pharmaceutical companies—the list goes on.
- 3 votes
#1 - Mon Oct 17, 2011 12:56 PM EDTThe Congressional Budget Office (CBO) estimates that the benefit mandates in Obamacare—in combination with the limited cost-sharing—will increase premiums 27–30 percent in the individual market and up to 3 percent in the small group market
Management consulting firm Oliver Wyman estimated that premiums will rise by 45 percent for those age 18–24, 35 percent for those age 25–29, and 26 percent for those age 30–34.[4]
Obamacare includes many new taxes, including a 2.3 percent excise tax on medical devices and annual fees on health insurance providers. A tax placed on insurance companies or medical device companies will be passed to consumers in the form of higher premiums.
- 3 votes
#2 - Mon Oct 17, 2011 12:59 PM EDTAs long as the for-profit "insurance" companies are allowed to hold our health for their princely ransom, this trend will continue. Single payer, not for profit health CARE is all that will end this.
- 2 votes
#3 - Mon Oct 17, 2011 1:22 PM EDTThis is not a problem with the AHCA. It is a problem with the corporate health insurance industry and the corporate hospital industry. They will continue to gouge until somebody stops them and the only way to stop them is to establish universal single payer health care like the rest of the civilized world enjoys. AHCA has not even taken effect yet in most of its provisions but the premiums are being increased in advance as if the insurers were experiencing some kind of added expense which they have not yet experienced.
- 4 votes
#4 - Mon Oct 17, 2011 2:01 PM EDTThe cost of keeping kids on parents insurance until 26 should be negligible and probably is because kids do not acquire very much illness up to that age. And the cost of providing preventive care should be negligible because it is countered by savings on the illnesses that would be encountered without the preventive care which is much cheaper than actually treating disease.
It is also grossly unfair to criticize these two items which just went into effect this year without waiting to see what effect they will have on actual medical expenditures in the next few years of operation.
Finally, I would ask what do the conservatives have to offer to lower the cost of insurance to the consumer. And I would answer, nothing but the same tired old notions about allowing the insurance companies to increase their hold on our society in the hopes that they will benevolently use their increased profits to lower premiums. When did that ever happen in the entire history of the insurance industry?
You want to see results in lowering medical costs as a segment of our economy. Give us universal coverage single payer government health care and you will see lower costs and better results. Every country that has it can show better results and lower costs than we have.
- 1 vote
#5 - Mon Oct 17, 2011 2:12 PM EDTThe conservative plan is simple. If you get sick and can't pay the going rate, please, die quickly.
- 1 vote
AHCA has not even taken effect yet in most of its provisions but the premiums are being increased in advance as if the insurers were experiencing some kind of added expense which they have not yet experienced.
But when it does..It will have the same effect as the one listed below
The conservative plan is simple. If you get sick and can't pay the going rate, please, die quickly.
You want to see results in lowering medical costs as a segment of our economy. Give us universal coverage single payer government health care and you will see lower costs and better results. Every country that has it can show better results and lower costs than we have.
Please provide some examples, instead of just a blanket statement that every country is better of with Universal health care Many folks who have Cancer or a Debilitating deisease wath Months or years for treatment..doesn't sound better to me
- 1 vote
No, patients who need care for things that decline rapidly are moved to the front of the line. Those whose condition won't worsen may have to wait. Seems reasonable tome. (see Physicians for a National Health Plan. org)
Well,
first, There wouldn't be any Anti-Trust Exempt Private Insurance companies if there were Universal Health Care.
Second, everyone would be paying in according to a sliding fee scale, thus eliminating Medicaid (which states 'borrow' money from anyway for their general funds cutting receipients) that the Feds have to pony up each year to the tune of 66% of (last count) $380.6 billion dollars.
Third, have more clout when it comes to drug purchases--called wholesale buying power
Fourth, it would get 'private' For Profit interests out of the medical health care system. :)
- 1 vote
#6 - Sat Oct 22, 2011 4:27 PM EDTFourth, it would get 'private' For Profit interests out of the medical health care system.
and unfortunately put government in Charge..that is never a good thing..Just leave them as regulators, because putting Government in Charge of almost anything is a disater..Look at what they do when the votes come up to give themselves a raise..It's automatic..do that ask the people...Yeah right?
- 2 votes
#7 - Sun Oct 23, 2011 10:48 AM EDTuhhh you hadn't read where they stop the automatic raises by votes? and have done. In fact there is legilation to stop the automatic permanently, introduced last couple of years.
Actually, private health insurance companies set the fees, better the gov't does plus they subcontract to the private health insurance companies to process claims and contract providers. Not like they're going out of business anytime soon.
But if you want to protect For Profit in the billions of dollars private health insurance companies, no problem. Eventually though they'll go away like the dinosaurs.
uhhh you hadn't read where they stop the automatic raises by votes?
Yeah, I guess now they have to vote on it..It's still a slam dunk
- 1 vote
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