I told you Obamacare is going to suck!:30% premium jump in California could signal national rise

ShaneF

I told you Obamacare is going to suck!  

See this article wit headline: 30% premium jump in California could signal national rise

http://www.fiercehealthpayer.com/story/30-premium-jump-california-could-signal-national-rise/2013-03-29

A revealing quote from the article:"Health insurance will become relatively less expensive for people with chronic conditions and relatively more expensive for healthier people," Robert Cosway, an actuary at Milliman, which prepared the report for Covered California, told the Times.

ADoerr

Such broad assertions really cant be claimed with any certainty at this time, though it is generally true that unhealthier "more expensive" insureds will essentially be "subsidized" by the more healthy, less expensive individuals, though the extent if premium increases across the board is still to be seen. In any event, premiums are likely on the rise.

Careful what you read in "the media," as many sources have a clear political slant, and the law's complexity makes it easy to write entire articles with very convincing half-truths.

Maelalove

Taxes, taxes, taxes. It's incorporating healthcare into the taxes, helping to cover the people that cannot afford it. Before you get all defensive about how you don't want to pay for someone else's healthcare, remember that this is the way other countries do it. It's how we pay for things. The better people are without spending money on healthcare, the better the economy is by chain reaction. 

rz3300

Well I would not want to go ahead and say that one state's experience is going to be the same for others, but you cannot help but take notice.  I am not really sure about the whole effect that the law will have, but I am not really holding out hope for anything positive.  I guess we shall wait and see where it goes from here, but lets hope that we do not see these rates everywhere, or we are in trouble.

admike2016

My company used to pay for my health insurance 100 percent. Two years ago the people from the office downtown came to us and told us that we would have to start paying a small amount out of each pay check or go to the HSA plan. This year they raised the rate again. I am a single male so I can afford it but the family of four rate is like 300 dollars a pay check which I think is outrageous. I am also a firm believe in you get what you pay for so I am torn on this subject.

TE5LA

I hear at least once a week on the radio how health insurance rates are increasing in different places. Everyone's is going up. If anyone says theirs isn't, it's another big lie of those who conspire with the Administration. The emperor has no clothes.

TE5LA

It isn't helping cover anyone. I have no insurance. I'm not paying 50% of my income for something I will never use.

TE5LA

What gets me, if so many people want to live in a socialist country, why don't they just move to Europe instead of forcing all this onto us? I'm an American. If I wanted to live in a socialist country, I'd move to Canada.

guy

In this country the government knows the percentages and reasons why many people will go to the hospital, and they don't plan to let insurance be cheap. When you have millions of people out there who put themselves in danger on a daily basis for many reasons like sports, stunt men, skateboarders, then you will have expensive insurance because it's not natural.

Why you think adults between the ages of 18 - 25 pay more for car insurance than all other ages?

swampwiz

Suck?  By whose standards?  Does it suck for folks like me that have a cancer history and therefore not able to get private coverage?  Does it suck for folks who actually get sick and now don't have to worry about rescission (i.e., the insurer determining that because a subscriber did not disclose that fact that he had a pimple on his buttocks, the insurer gets to go back in time and simply pay back the premium instead of paying the medical bills)?

The ACA is the most free-market solution and non-invasive (for those getting overage through an employer group) to the health care coverage problem that is possible, but that still actually works.  If it turns out that folks don't like this solution, then there always is the public option, and after that, the expansion of Medicare down to age 0.  The anti-ACA crowd has no solution; all they have is snake oil.

swampwiz

"When you have millions of people out there who put themselves in danger
on a daily basis for many reasons like sports, stunt men, skateboarders,
then you will have expensive insurance because it's not natural."

LOL, if folks were move active, there would be lower costs for all the conditions brought up folks not exercising.

swampwiz

"It isn't helping cover anyone. I have no insurance. I'm not paying 50% of my income for something I will never use"

OK, so what is your plan if you get diagnosed with cancer and looking at $200K in treatment at the "rack rate" price?  Are you going to come up the cash?  Are you going to the honorable thing and forgo treatment and just die?  Or are you going to show up at a hospital and let it take care of you, building up a huge debt that you will default on by filing for bankruptcy, thereby driving up the prices for everyone else because of your selfishness?

ashley0323

Yes, this "obamacare" is not as "great" or as "cheap" as its made out to be. Even with the "cheap" rates, we cant swing making that extra payment every month. Health coverage is not cheap.