For those who believed the fairy tale told by the Administration that your health care premiums would be less under ObamaCrapCare, there will be a rude awakening when you receive your new rates from your insurer or employer. Rates are going up and not by a percentage or two. You should expect premiums to increase by 30-100%.
The following post from the online Wall Street Journal will scare you enough, we don't need to do it here. However, we have known this for months and in previous posts we have been lambasted for being a chicken little. We have warned about doctors leaving their practices, the rate increases, the addition of benefits hardly ever before covered by healthcare such as orthodontic care covered for all children under 19, the imposition of large increases in premium to the under 30 crowd and more. No one seemed to hear us.
It is going to be a bad situation and it will only get worse. Health insurance will be one of the largest expenses you will face in upcoming years, however, that will not be the only impact. Your taxes MUST go up to support this behemoth. There is no way that the current premiums (or doubling them) that you pay will be enough to support the people who will get free or near free care. Under ObamaCrapCare, individuals who earn up to $92,000 will get money to offset the premiums they pay. Where does that money come from?
The best thing that could be done with ObamaCrapCare is to send it to the dustbin of history. Unfortunately, that will probably not happen. It is going to be one of the worst social engineering experiments ever foisted upon any people in the history of mankind. Our only hope is that Americans see the folly of their ways and reject it in the next election.
Conservative Tom
Here is the link (if you dare):
http://online.wsj.com/article/SB10001424127887324557804578374761054496682.html
"You should expect premiums to increase by 30-100%."
ReplyDeleteRead the article. Increases of that size will only occur at the very high end, such as a healthy, young person buying insurance in the individual market and a portion of small business who currently have policies tied to health status of employees. And remember, the "10% rule" has helped reduce average premiums since ACA went into effect.
Old people, sick people, and poor people will have substantially reduced premiums paid for by revenue generated by the program. From a healthcare cost containment perspective, the greatest cost savings come from getting insurance coverage for sick people with chronic diseases (who are VERY expensive to treat), because for-profit insurance companies have previously denied them coverage for pre-existing conditions or dropped their coverage when they became sick. That is one of the main reasons per capita healthcare costs in the U.S. are double the costs of countries that have universal healthcare for 90%+ of their population.
--David
In Michigan, all people who wanted insurance could get it through Blue Cross. Why could that have been adopted throughout the country?
ReplyDeleteOld people are covered by Medicare--your argument fails there. Poor people are covered by Medicaid--your argument fails there.
The people who were denied usually had lied on their applications, which is fraud and the company had the right to deny coverage due to the fraud!
David, it is obvious that you have had only passing knowledge of health insurance. Your comments indicate this fact. You have been caught up with the Obamamaniacs.
This ObamaCrapCare will end the best care in the world.
Michigan Blue Cross…
ReplyDelete"HMOs, after 24 months in existence, are required to guarantee issue to a limited number of applicants during one, 30 day open enrollment per year."
Also, my research indicates that most, if not all, HMO guaranteed-issue plans exclude the pre-existing condition for the first 12 months of the policy. That could bankrupt you, if you have a major heart attack or have been diagnosed with cancer prior to getting the policy. You are the expert on this stuff. I thought you would know these things.
Under Obamacare, the for-profit insurance companies will not be able to exclude for pre-existing, or drop you when you become unprofitable for them. That's the most important benefit, since the for-profit companies dominate the market.
Continuing...
How Obamacare helps old people on Medicare...
http://www.healthcare.gov/law/information-for-you/seniors.html
How Obamacare helps poor people on Medicaid…
http://www.medicaid.gov/AffordableCareAct/Affordable-Care-Act.html
Don't you even know that most of the 30 million new people who will get insured by Obamacare will be enrolled by expanding Medicaid in the states?
--David
If someone has a pre-existing issue, they should NOT be purchasing new coverage, that would not be smart. If they lost their job, they CAN get new coverage WITHOUT a pre-ex if they have had less than a 90 day break in coverage. Pre-ex is usually not an issue. It is a smoke screen.
ReplyDeletePre-ex for Blue Cross in Michigan is 6 months, only if they have had a break in coverage.
Blue Cross offers traditional health insurance and its sister company is an HMO.
As far as dropping coverage, most people dropped by insurance companies had lied on their applications. They do not DESERVE to have coverage when they lied!
The Affordable Care Act provides Americans with better health security by putting in place comprehensive health insurance reforms that will:
ReplyDeleteExpand coverage,
Hold insurance companies accountable,
Lower health care costs,
Guarantee more choice, and
Enhance the quality of care for all Americans.
This is from one of the articles, basically from the Obama Regime.
As far as the advantages it says:
It will not lower health care costs, as costs will go up. It will provide less choice as in 5 years we will have only one payer; care will drop as more people will be trying to get coverage (3o million more patients and no increase in doctors, hospitals etc); coverage choice will drop as Blue Cross will be dropping over 1000 plans and going to 44 plans; and the plan will bankrupt insurance companies as they are required to refund money in good years and and cannot recover money when they have bad years.
As I said, in 5 years we will have only one payer-the US government and we will get the same fine service as the US Post Office and Amtrak! In other words, poor service, high costs and totally unprofitable.
As far as seniors, medicare advantage will go away. this is the program that most seniors love. This blows up all the non-benefits the article quotes.
ReplyDeleteObamaCrapCare will ruin a great health care system, will force many insurance companies to leave the business (causing more unemployment), will reduce the care you get from your doctor or hospital. However, you will get to see how a hospital works as you sit in the hallway waiting for service. You won't have to spend time with your doctor--he has only two minutes to talk to you as his load will be doubled or more. And you get to pay more for premiums.
What a deal!!!
Medicare Advantage is a subsidy for high-end health insurance. Getting rid of that is one of the revenue sources in Obamacare that helps fund expansion of healthcare to millions of uninsured people who currently cannot afford insurance. For society, this is a good trade-off. Getting affordable basic health insurance for 90% of the population is preferable to status quo.
ReplyDeleteUnited HealthCare and all the other big for-profit insurance companies will be alive and well five years from now. $20 bet?
--David
P.S. Funny how Paul Ryan was opposed to it during the presidential campaign but is now happy to cut funding for MedicareAdvantage in the House budget just passed again.
90% of all population already are covered. 10% of 300,000,000 is 30,000,000 which is the number most people use as the uninsured.
ReplyDeleteUnited Healthcare might still be in business but NOT in the health business in 5 years.
No, 27-30 million is the number most people use as how many uninsured will gain coverage under Obamaacare. According to Center for Disease Control (CDC) stats, there were 45 million uninsured in 2012. That is about 15% of the population, and about 20% of adults age 18-64. Obamacare will raise the insured population over 90%.
ReplyDeleteI would bet the farm that United Healthcare will be in the health business in 5 years.
--David
ReplyDeleteRead the postings today. Both of them dealing with health care indicate that costs will be significantly higher than "sold" and this comes from Sebilius (head of hhs) and the american society of acutaries.
If HHS is already back pedaling, the costs at 30-100% might be LOW!
As far as the numbers go, there are only guesses on how many people will pick up Obamacare and as I speak to employers and others, many are going to forego health insurance and pay the $95 fine. Even when the fine gets to $600, most people who do not have insurance will decide to pay the fine as it is cheaper than health insurance even AFTER the government puts in their money.
By the way one thing that I learned the other day, if someone whose insurance cost (after government aid) exceeds 9.5% of their income, they do not need to buy the insurance. So there are going to be a whole raft of people who will make their incomes such. So much for the numbers of uninsured coming down!
As far as United Healthcare or any other healthcare company, all it will take one year of terrible claims where they cannot recoup their losses and they will start looking for the exits. If that is in the next five years, I would say there is a minimum of a 60/40 chance of it happening. In ten years 90/10. You will get what you want--a single payer in less than 10 years guaranteed.
You will be proven wrong, but, for now, we just need to wait five years to verify who is correct.
ReplyDeleteMeanwhile, you say "guaranteed", but you won't wager a mere $20 on ANY of this nonsense. That speaks louder than words as far as what you really believe will happen.
--David
BTW, if you were correct that a lot of people who can afford to have healthcare under Obamacare are too stupid to get it, that will save the government a lot of healthcare costs (and shift it back to you and me!), while raising a lot of tax revenue to pay for those (few, in your opinion) currently uninsured who will gain insurance under Obamacare. That's the flip side of your scenario.
ReplyDelete--David
No if won't save money, the government and hospitals will pay for the sick who don't have insurance, just like it is today.
ReplyDeleteobamacrapcare is just a trojan horse to get to one payer. It was designed to be an absolute failure and once they drive all the insurance companies out of the business, they will throw up their hands and say "we have only one choice to become the insurance company, the government will institute a single payer within ten years.