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I'm with CadyLou. Suddenly Assurant is guaranteeing an (up to) 21 month rate guarantee, out of the blue like this? I bet there's some more even smaller small-print allowing them to not honor this "guarantee".
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NON Grandfathered Plans - 2014 Premiums?
- Thread starter Yagents
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I'm with CadyLou. Suddenly Assurant is guaranteeing an (up to) 21 month rate guarantee, out of the blue like this? I bet there's some more even smaller small-print allowing them to not honor this "guarantee".
-ac
This is where Tatertot and I disagree.
I think carriers are saying whatever they want regarding this but no one, not even HHS, knows the answer.
The closer we get to 10/1/13 and 2014 I believe DC is running scared that . . .
- very few carriers will hop on HIX
- HIX plans will be much more restrictive than what HHS envisioned
- HIX and off-HIX plans will be unaffordable
- Bernanke can't print enough money to fund the federal exchanges and all the subsidies
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Bob are you predicting total implosion of all health insurance markets ? Really single payor would have to be voted on right or could single payor be set up in an insurance market meltdown via emergency order?
I don't see single payor as an executive order nor do I see Republicans giving up on the free enterprise system. However a true Public option that would be subsidized by an EO may be a possibility, I don't know.
I see every carrier following suit on the 12/1/14 rate continuation date for plans purchased in 2013. By then the huge rate-ups will be helping to take us into a real recession. And possibly a bi-partisan ground swell against the culpret ACA will happen.
God help this country and our children.
I have 3 kids in college and see a 50% pay cut coming. My tax $ will not be available to be redistributed under ACA.
I see every carrier following suit on the 12/1/14 rate continuation date for plans purchased in 2013. By then the huge rate-ups will be helping to take us into a real recession. And possibly a bi-partisan ground swell against the culpret ACA will happen.
God help this country and our children.
I have 3 kids in college and see a 50% pay cut coming. My tax $ will not be available to be redistributed under ACA.
In early February, HHS announced the delay of the "Basic Health Plan" plan until 2015. That plan could be resurrected, and enhanced into a "single payer" if HHS plays its cards right. HHS announced the delay about the same time that "premium shock and awe" was becoming painfully obvious. HHS knows it cannot provide those benefits for less than the private insurers can. However, once private insurers announce the premiums required for the level of benefits and risk that PPACA requires them to cover, HHS could resurrect the BHP (Basic Health Plan) and price it lower. Remember, they did so with the PCIP when they needed higher enrollment. It's an unfair advantage against private insurers that can't just print more money or borrow from our grandchildren's future. However, it could serve as a way of saying "the government to the rescue, with a plan priced lower than those evil, greedy insurance companies".
By the way, the BHP (Basic Health Plan) was originally designed to cover "tweeners", those people who vacillate between Medicare eligibility and exchange subsidy eligibility. It is supposed to give them stable health insurance during those times of income growth or decrease, where they find themselves ineligible for one program, but not set up on another. However, since it was created in the law as really the only federally-funded option, it could be "tweaked" to be the national payer plan.
By the way, the BHP (Basic Health Plan) was originally designed to cover "tweeners", those people who vacillate between Medicare eligibility and exchange subsidy eligibility. It is supposed to give them stable health insurance during those times of income growth or decrease, where they find themselves ineligible for one program, but not set up on another. However, since it was created in the law as really the only federally-funded option, it could be "tweaked" to be the national payer plan.
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It's possible, but I am suggesting a showdown between carriers and HHS over things like HIX.
Single payer was instituted in 1965 with a vote and LBJ's pen. Medicare wasn't a bad idea, but like everything else, it has been horribly mismanaged and is, like everything else they do in DC, underfunded.
If DC wants to provide Medicare for all they can, but it won't happen overnight.
And of course they don't have the money to fund it.
They don't have to compete with private insurance. When they have the ability to print money and use deficit accounting to fund a plan they can spend private carriers into the grave.
A 8-page report on spiking premiums was released by the House Committee on Energy and Commerce, Senate Committee on Finance, and Senate Committee on Health, Education, Labor & Pensions.
It's enough to give anyone a heart attack. It is only 8 pages of easy-to-read text, but so shocking it will leave you stunned.
http://energycommerce.house.gov/sit....gov/files/analysis/20130305PremiumReport.pdf
It's enough to give anyone a heart attack. It is only 8 pages of easy-to-read text, but so shocking it will leave you stunned.
http://energycommerce.house.gov/sit....gov/files/analysis/20130305PremiumReport.pdf
Hi ya gents. I couldn't remember my pw so have a new identity here. It is Donna t. Turned out the client didn't really want an accident plan but a hosp indemnity plan. Found a good one here in ca to cover 100% of inhospitable deductibles and co-insurance And with a rider 50% of outpatient for sickness or injury. I think this is going to be a good one to market right now.
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Getlife get a life ur pure genius
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My two cents on this:
1. It's hyper-partisan. There's no doubt this was produced only by Republicans, and its only purpose was to scare, not inform. (Not that there's anything wrong with that.)
2. I don't believe that the rates for IL and Chicago markets will rise so dramatically. IL has already implemented some of these EHBs, and our rates are already higher than most other states. From rumors we've heard, BCBS/UHC are going to have a 25-30% increase on fully insured group plans for next year, but not the monstrous 60% increase predicted here. The individual cost could rise that much due to maternity and rating provisions, however.
All in all, it's interesting, but difficult to take at face value.
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