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Thread: Insurers warn of overhaul-induced sticker shock

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    Insurers warn of overhaul-induced sticker shock

    Insurers warn of overhaul-induced sticker shock

    The nation's big health insurers say they expect premiums — or the cost for insurance coverage — to rise from 20 to 100 percent for millions of people due to changes that will occur when key provisions of the Affordable Care Act roll out in January 2014.

    Mark Bertolini, CEO of Aetna Inc., one of the nation's largest insurers, calls the price hikes "premium rate shock."

    "We've done all the math, we've shared it with all the regulators, we've shared it with all the people in Washington that need to see it, and I think it's a big concern," Bertolini said during the company's annual meeting with investors in December.
    I think a more accurate headline would be a "shock to some".

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    Re: Insurers warn of overhaul-induced sticker shock

    why would it be a shock? ****ty private health insurance routinely rises by that much, at least in my neck of the woods.

    the health care industry is going to price itself out of the market. there is absolutely no reason that it should cost this much, other than the fact that it's an essential service with inelastic demand being delivered by three layers of for-profit entities.

    regardless, it's not working, the cracks are turning into canyons, and the PPACA is too much of a compromise to work. real solutions are going to be even less popular with those who decry the PPACA, but i think pretty soon even their histrionics won't be able to hide the idiotic inefficiency of the American health care system.

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    Re: Insurers warn of overhaul-induced sticker shock

    Yep. Reducing the factors allowed, for premium rate setting variation, to age and smoking, while adding ever more "no out of pocket cost" services, can have no other outcome than raising the basic premium cost of a policy. PPACA is basically a create a crisis law, intended to force the public to demand more gov't help in controlling costs (forced up by the gov't), getting us to agree to the real goal of UHC (socialized medicine run by the gov't). What PPACA put in place was a new gov't power to force both most employers and most individuals to contribute to third party players ("private" insurance companies); the next step will be adding a public "option" allowing the gov't to establish baseline premium rates that will either kill the "private" insurance industry or make them even richer.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Insurers warn of overhaul-induced sticker shock

    I think we ought to just pay for the healthcare, instead of ensuring yet more insurnace company profits. On my way to work each day I pass anthem insurance building. There aer miliions and millions of dollars worth of building, lots of execs and a helipad out back. All that would pay for a helluva a lot of tonsilectomies. What this counrty really needs is a real UHC system.
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    Re: Insurers warn of overhaul-induced sticker shock

    Everything is going as planned. Obama care will cause insurance premiums to rise at an unacceptable level and obama will step in like Mighty Mouse to save the day with obama care part 2, single payer.

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    Re: Insurers warn of overhaul-induced sticker shock

    I recently helped a lady from church sort through her husband's final medical bills. The billed charges were in the hood of $150K; Medicare paid about $14K and the estate has to pay about $2500. Now, what would the world look like if hospitals/doctors just billed $16.5K instead of $150K since that is what they get in the end anyway?

    Obamacare is nothing but another subsidy to an industry that runs a price setting billing racket to punish those who do not want to play the game--and Obamacare is just an extension of that.

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    Re: Insurers warn of overhaul-induced sticker shock

    Quote Originally Posted by Helix View Post
    why would it be a shock? ****ty private health
    insurance routinely rises by that much, at least in my neck of the woods.

    the health care industry is going to price itself out of the market. there is absolutely no reason that it should cost this much, other than the fact that it's an essential service with inelastic demand being delivered by three layers of for-profit entities.

    regardless, it's not working, the cracks are turning into canyons, and the PPACA is too much of a compromise to work. real solutions are going to be even less popular with those who decry the PPACA, but i think pretty soon even their histrionics won't be able to hide the idiotic inefficiency of the American health care system.
    They're going to price them selves out of their own market ?

    Helix its rationale like yours thats got us in the current mess we're in.

    You blame the insurers for hospitals priceshifting because illegal aliens use emeegency rooms for a free dr appointment.

    Yoy blame insurers for Obama's destructive healthcare law that imposed new mandates on who they should cover. ( the last time the govt enforced mandates on large private entities it caused the sub-prime collapse )

    You blame insurers for Americans increasingly growing fat asses and the numerous health problems that are associated with that burden the rest of us with higher cost.

    The prerequisite short sightedness that comes with being a liberal is getting really old.


    Obama Care is and was always meant to be a tax, a way to redistribute from the middle class to the verry poor, because THATS who's going to be paying new "tax"/penalty.

    In 2018 a 40% tax on "Cadillac" health plans goes through that will force people off of their employers ins.

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    Re: Insurers warn of overhaul-induced sticker shock

    Health insurance premiums have been going up by double digits for years now. The ACA does nothing to address the issue of costs, actually exacerbates the costs in fact, so they will continue to go up. The only difference is that the myopic among us have something to blame for unaffordable health care.
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    Re: Insurers warn of overhaul-induced sticker shock

    Quote Originally Posted by Fenton View Post
    They're going to price them selves out of their own market ?
    it's happening for more and more people every year. the PPACA does little about this other than to spur the creation of a bunch of safe auto-type plans that meet minimum requirements, but don't do much else.


    Quote Originally Posted by Fenton View Post
    Helix its rationale like yours thats got us in the current mess we're in.
    no, it's the general refusal to accept that an essential service with inelastic demand might not be most efficiently delivered by three levels of for profit companies.

    Quote Originally Posted by Fenton View Post
    You blame the insurers for hospitals priceshifting because illegal aliens use emeegency rooms for a free dr appointment.
    it's broader than that. it's everyone who doesn't have insurance and can't get on medicaid.

    Quote Originally Posted by Fenton View Post
    Yoy blame insurers for Obama's destructive healthcare law that imposed new mandates on who they should cover. ( the last time the govt enforced mandates on large private entities it caused the sub-prime collapse )

    You blame insurers for Americans increasingly growing fat asses and the numerous health problems that are associated with that burden the rest of us with higher cost.
    no, i don't, but i find them to be piss poor, inefficient gatekeepers to nearly every level of essential care.

    Quote Originally Posted by Fenton View Post
    The prerequisite short sightedness that comes with being a liberal is getting really old.
    this isn't a teamsport. our system isn't working, it's expensive and inefficient, it stifles both business and employment, and the PPACA doesn't fix it. it can only be fixed by completely redesigning the system.


    Quote Originally Posted by Fenton View Post
    Obama Care is and was always meant to be a tax, a way to redistribute from the middle class to the verry poor, because THATS who's going to be paying new "tax"/penalty.
    that's exactly who is already paying the penalty through higher premiums.

    Quote Originally Posted by Fenton View Post
    In 2018 a 40% tax on "Cadillac" health plans goes through that will force people off of their employers ins.
    an employer is not a health care provider. the sooner we get away from that failed idea, the better.

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    Re: Insurers warn of overhaul-induced sticker shock

    It's to be expected, and it's a final "crowding out" method to ensure that every American be on the exchange option unless you're a public sector employee. Private sector employers that offer insurance will be a thing of the past, even F-500 companies. Everyone will be in the state exchange pool. Everyone.

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