Page 1 of 15 12311 ... LastLast
Results 1 to 10 of 143

Thread: "Some very good news for Obamacare"

  1. #1
    Pontificator
    iliveonramen's Avatar
    Join Date
    Sep 2011
    Location
    On a Gravy Train with Biscuit Wheels
    Last Seen
    Yesterday @ 07:43 PM
    Gender
    Lean
    Very Liberal
    Posts
    9,199

    "Some very good news for Obamacare"

    So based on some initital numbers the cost of insurance throught the competitive exchanges has resulted in much lower premium prices than expected.

    As the blog states I definately agree that California is the proving ground for if Obamacare works. Large state, heterogenous population, and they are invested a lot of resources and effort to actually make it work. Also it will be interesting since some large GOP states have pretty much decided not to play along and will provide some comparisons. Texas is specifically mentioned in the blog.
    Wonkbook: Some very good news for Obamacare

    Obamacare got some very good news on Thursday.

    In 2009, the Congressional Budget Office predicted that a medium-level “silver” plan — which covers 70 percent of a beneficiary’s expected health costs — on the California health exchange would cost $5,200 annually. More recently, a report from the consulting firm Milliman predicted it would carry a $450 monthly premium. Yesterday, we got the real numbers. And they’re lower than anyone thought.

    As always, Sarah Kliff has the details. The California exchange will have 13 insurance options, and the heavy competition appears to be driving down prices. The most affordable silver-level plan is charging $276-a-month. The second-most affordable plan is charging $294. And all this is before subsidies. Someone making twice the poverty line, say, will only pay $104-a-month.

    Sparer plans are even cheaper. A young person buying the cheapest “bronze”-level plan will pay $172 — and that, again, is before any subsidies.

    California is a particularly important test for Obamacare. It’s not just the largest state in the nation. It’s also one of the states most committed to implementing Obamacare effectively. Under Gov. Arnold Schwarzenegger — remember how that really happened? — California was the first state to begin building its insurance exchanges. The state’s outreach efforts are unparalleled. Its insurance regulators are working hard to bring in good plans and make sure they’re playing fair. If California can’t make the law work, perhaps no one can. But if California can make the law work, it shows that others can, too.

    And perhaps others will. We’re beginning to see competition drive down proposed rates in some exchanges around the country. Remember Maryland, where CareFirst grabbed headlines with a shocking 25 percent proposed increase in rates? More plans have streamed in with lower bids. Kaiser Permanente, for instance, is only increasing its rates next year by 4.3 percent — a modest increase that will make CareFirst’s proposal almost impossible to sustain. My guess is when the exchange actually opens in October, CareFirst will have dropped its price substantially. If they don’t, then Kaiser and others will grab all the market share.

    The way this competition can drive down rates is already evident in Oregon. There, one insurer came in with monthly premium costs in the $169 range, while other insurers asked to charge more than $400. But then, seeing what their competitors were charging, two insurers came back to the state’s regulators and asked if they could refile at lower rates. Otherwise, they wouldn’t be competitive in the exchange. The Obama administration was ecstatic to see this: It’s exactly what they’re hoping will happen across the country.

    Of course, California and Oregon are managing Obamacare particularly well. But the state-by-state nature of the Affordable Care Act creates really unusual political dynamics around how the law is perceived in its first year.

    Imagine it’s the end of 2014. California now boasts a working, near-universal health-care system. Nothing perfect, but clearly a a success after the first year of implementation. Texas, meanwhile, is a bit of a mess. They didn’t allow the Medicaid expansion so the state’s poorest residents got nothing. They didn’t help with the exchanges, or the outreach, so there aren’t many choices, and premiums aren’t as low one might hope.

    Viewed in isolation, Texas’s problems would be deadly for the law. But viewed next to California, they might mainly be a problem for the political class in Texas, which has failed to implement a clearly workable law.

    Wonkbook’s Number of the Day: 115,000. That’s how many federal employees will be furloughed today due to sequestration. Three major agencies — the IRS, the EPA, and HUD — are closing their doors.

    Wonkbook’s Quotation of the Day: “Don’t ask me how, because if I knew, I would certainly tell you, but the House is going to — the House is going to work its will,” said House Speaker John Boehner on immigration reform legislation.

    Thoughts? Concerns? Competing views?
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  2. #2
    Global Moderator
    The Truth is out there.
    Kal'Stang's Avatar
    Join Date
    Jan 2009
    Location
    Bonners Ferry ID USA
    Last Seen
    @
    Gender
    Lean
    Independent
    Posts
    32,858
    Blog Entries
    1

    Re: "Some very good news for Obamacare"

    In 2009, the Congressional Budget Office predicted that a medium-level “silver” plan — which covers 70 percent of a beneficiary’s expected health costs — on the California health exchange would cost $5,200 annually. More recently, a report from the consulting firm Milliman predicted it would carry a $450 monthly premium. Yesterday, we got the real numbers. And they’re lower than anyone thought.
    I get paid 17k per year. I pay 9,000 just in rent per year. So that leaves me with 3k (give or take a couple hundred) to pay for utilities, car insurance, and food.

    How is this good? Ooooh right...its good for the insurance companies and the State! Screw me right?
    I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang

    My mind and my heart are saying I'm in my twenties. My body is pointing at my mind and heart and laughing its ass off. ~ Kal'Stang

  3. #3
    Pontificator
    iliveonramen's Avatar
    Join Date
    Sep 2011
    Location
    On a Gravy Train with Biscuit Wheels
    Last Seen
    Yesterday @ 07:43 PM
    Gender
    Lean
    Very Liberal
    Posts
    9,199

    Re: "Some very good news for Obamacare"

    Quote Originally Posted by Kal'Stang View Post
    I get paid 17k per year. I pay 9,000 just in rent per year. So that leaves me with 3k (give or take a couple hundred) to pay for utilities, car insurance, and food.

    How is this good? Ooooh right...its good for the insurance companies!
    As mentioned that doesn't include subsidies for lower incomed individuals. A hundred bucks a month minus the subsidy.

    Not to mention you would then have insurance...which is a pretty big deal.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  4. #4
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Yesterday @ 03:30 PM
    Lean
    Conservative
    Posts
    13,071

    Re: "Some very good news for Obamacare"

    Quote Originally Posted by Kal'Stang View Post
    I get paid 17k per year. I pay 9,000 just in rent per year. So that leaves me with 3k (give or take a couple hundred) to pay for utilities, car insurance, and food.

    How is this good? Ooooh right...its good for the insurance companies!
    Soon, there won't be insurance companies. That is Obama's master plan.

    Hospitals are opting out of Obamacare. As are unions. As is CONGRESS!

    Yet, you and I just need to go to the local clinic and shut up.

  5. #5
    Global Moderator
    The Truth is out there.
    Kal'Stang's Avatar
    Join Date
    Jan 2009
    Location
    Bonners Ferry ID USA
    Last Seen
    @
    Gender
    Lean
    Independent
    Posts
    32,858
    Blog Entries
    1

    Re: "Some very good news for Obamacare"

    Quote Originally Posted by iliveonramen View Post
    As mentioned that doesn't include subsidies for lower incomed individuals. A hundred bucks a month minus the subsidy.

    Not to mention you would then have insurance...which is a pretty big deal.
    I don't need insurance right now thank you. Me and my family are quite healthy. I would rather spend that money on things that I need. Such as a new car and a house for our very own so that I don't have to pay rent and live by other peoples rules. So no, not a big deal to me. Prolly even less of a big deal to a college kid.

    As for the subsidies..whoopie do. I'm quite sure that the amount that we will have to pay in deductibles will exceed that amount if I do happen to need health care.
    I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang

    My mind and my heart are saying I'm in my twenties. My body is pointing at my mind and heart and laughing its ass off. ~ Kal'Stang

  6. #6
    Pontificator
    iliveonramen's Avatar
    Join Date
    Sep 2011
    Location
    On a Gravy Train with Biscuit Wheels
    Last Seen
    Yesterday @ 07:43 PM
    Gender
    Lean
    Very Liberal
    Posts
    9,199

    Re: "Some very good news for Obamacare"

    Quote Originally Posted by Kal'Stang View Post
    I don't need insurance right now thank you. Me and my family are quite healthy. I would rather spend that money on things that I need. Such as a new car and a house for our very own so that I don't have to pay rent and live by other peoples rules. So no, not a big deal to me. Prolly even less of a big deal to a college kid.

    As for the subsidies..whoopie do. I'm quite sure that the amount that we will have to pay in deductibles will exceed that amount if I do happen to need health care.
    Sure...and if anything ever happened to anyone in your family that resulted in hospital bills you couldn't afford you'd just take em in and let the rest of us foot the bill in higher premiums for another individual that decided to opt out of paying insurance premiums.

    I'm sure you wouldn't take the wager with the house you plan on buying because if a tree fell through the roof and took out your living room you'd be screwed. In the healthcare department it's win win....don't worry about insurance..take the wager because the end result is just claiming bankruptcy.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  7. #7
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

    Re: "Some very good news for Obamacare"

    Quote Originally Posted by Kal'Stang View Post
    I don't need insurance right now thank you. Me and my family are quite healthy. .
    Yeah I thought that at one time too. Then literally over a few days my body swelled up with pitting edema, not a good sign. Turns out I was diagnosed with a very rare congenital heart defect. With an ejection fraction of 10% and a myopathy classified as severe the prognosis was fairly grim and included serious consideration of a Left Ventricular Assist device (300k) and a heart transplant ($1,000,000,000). Pretty heafty bills to approach when one is fairly sick.

  8. #8
    Sage
    Fisher's Avatar
    Join Date
    Sep 2012
    Last Seen
    12-06-13 @ 02:44 PM
    Gender
    Lean
    Very Liberal
    Posts
    17,002

    Re: "Some very good news for Obamacare"

    Quote Originally Posted by iliveonramen View Post
    As mentioned that doesn't include subsidies for lower incomed individuals. A hundred bucks a month minus the subsidy.

    Not to mention you would then have insurance...which is a pretty big deal.
    Quote Originally Posted by Kal'Stang View Post
    I don't need insurance right now thank you. Me and my family are quite healthy. I would rather spend that money on things that I need. Such as a new car and a house for our very own so that I don't have to pay rent and live by other peoples rules. So no, not a big deal to me. Prolly even less of a big deal to a college kid.

    As for the subsidies..whoopie do. I'm quite sure that the amount that we will have to pay in deductibles will exceed that amount if I do happen to need health care.
    Depending on how big your family is you would probably be put on Medicaid in most places anyway. Idaho is oping out of the expansion though, so you may or may not qualify, not that many places will be taking all these new Medicaid patients.

  9. #9
    Professor
    Un biased's Avatar
    Join Date
    Mar 2013
    Last Seen
    05-30-16 @ 10:41 AM
    Lean
    Independent
    Posts
    1,642

    Re: "Some very good news for Obamacare"

    So obamacare droped health insurance prices by 25 % after the insurance companies hiked up their prices in anticapation of obamacare sounds like what stores do during holidays to make their prices seem like " sales " .

  10. #10
    Sage


    MaggieD's Avatar
    Join Date
    Jul 2010
    Location
    Chicago Area
    Last Seen
    @
    Gender
    Lean
    Moderate
    Posts
    43,243
    Blog Entries
    43

    Re: "Some very good news for Obamacare"

    Quote Originally Posted by Kal'Stang View Post
    I don't need insurance right now thank you. Me and my family are quite healthy. I would rather spend that money on things that I need. Such as a new car and a house for our very own so that I don't have to pay rent and live by other peoples rules. So no, not a big deal to me. Prolly even less of a big deal to a college kid.

    As for the subsidies..whoopie do. I'm quite sure that the amount that we will have to pay in deductibles will exceed that amount if I do happen to need health care.
    You enjoy Russian Roulette!! I'm glad you won't have to play it with your family anymore. Even if you're not.
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

Page 1 of 15 12311 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •