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Coming Soon: Fed Approval of Premium Hikes
- Thread starter Winter_123
- Start date
- 177
Was talking yesterday with the owner of the bar and grill I have lunch at, and he said his health insurance premium just doubled. Not 30% like the Blues, but 100%. He and his wife are in perfect health, with no claims last year. If the state regulators can't or won't protect us (this guy's health carrier is domiciled in TX), then the feds will have to do it by default it seems.
atlantainsguy
atlantainsguy
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What could the Feds do to prevent this? Say no to the rate increase and tell the carrier to go bankrupt?
- Thread starter
- #4
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I live in a state where the state "protected" us and now we have no competition and some of the highest rates in the country.
In fairness to Obama and Hillary, they both said in their campaigns that they will just tell the carriers what the premiums are going to be without regard to provider costs and payout. It is commie but they told us how it was going to be. Best way I can think of to end out with single payer which is their goal.
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I don't know what planet you're on man, but history has shown us repeatedly that government involvement and regulation (fed, state whatever) always leads to two things; lower quality and higher cost.
The best solution is to let free and open markets work - like they do for so many other things.
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Claims, or the lack thereof, have no impact on renewal action of individual major medical.
None at all.
Their renewal would have been the same if they had $300k in claims.
Since these folks are in perfect health, move them to a new carrier rather than whining about how we need Obaba to save us.
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Free markets lower price, basic fact.
LOL.
It is possible they were paying TOO LITTLE before. Maybe the carrier was aggressively buying the business in the state. The issue is not the 100% rate increase but how that rate stacks up amongst the other offers from comparable companies.
I used to pay $270/mo in rent too...
I used to pay 97 cents a gallon for gas...
My auto insurance used to be $97 a year...
The issue is how these costs stack against comparable competition. Of course in states that have no competition or very little the ability to "shop" goes away and the consumer loses.
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