The Eye Popping 2016 Obamacare Rate Increases Are Out

[somarco]

I'm actually a single payer advocate, but feel that Obamacare is still better than the previous system, FWIW.

Still clueless ............................................

 

[sman]

I don't know what comments of yours I've removed, but I appreciate the shout-out regardless I'm actually a single payer advocate, but feel that Obamacare is still better than the previous system, FWIW.

You must not pay the full cost of your own insurance premiums.

 

[AllenChicago]

I don't know what comments of yours I've removed, but I appreciate the shout-out regardless

I'm actually a single payer advocate, but feel that Obamacare is still better than the previous system, FWIW.

Even though the PPACA became law of the land in 2010, I don't think of the 2010 thru 2013 era "ObamaCare". In my mind ObamaCare started when only QHPlans were allowed, on 1/1/2014. There are a host of pros and cons with both systems.

From my perspective as an agent, healthy people/families prefer the pre-2014 system. Those with lower incomes and chronic medical conditions are thankful for what we have today. It's too bad both couldn't co-exist.

IMO, If Hillary is elected, Single-Payer will become reality during her term, because the revenue for supporting the overly complicated ACA is coming up short of what's needed. Axing the Cadillac tax will hasten ObamaCare's demise. Prez Clinton will push for Single-Payer as the alternative. I don't know what the official title of that law will be, but it will have the common name of HillaryCare.

 

[houcoogster]

When enough blood pours out onto the streets there will be a National groundswell to pass "Medicare for All". Not enough pain to justify it yet but it's a comin.

 

[sman]

When enough blood pours out onto the streets there will be a National groundswell to pass "Medicare for All". Not enough pain to justify it yet but it's a comin.

What I have yet to see from the people calling for Medicare for all , and it may be out there, is what the cost will be for the consumer AND to the taxpayer.

Currently, a person who doesn't have enough hours to get Medicare Part A has to pay up to $407 per month. Then add the Part B premium of $104.90 and you have $511.90 per person. I assume this would open Part D for everyone as well. So let's add the national average premium to that which is $33.13 this year. Now we're up to $545.03. So a family of 4 would pay $2,180.12 per month and have no max out of pocket limit. Of course, there's no way politicians would expect all people to pay that. They would have people above a certain income paying more so others could get a subsidy to offset their premium.

One could argue that premiums would come down because we'd have healthier people enrolled and medical costs would come down. However, as it stands today, the current revenue received for Medicare (both Parts A & B) isn't enough to cover the expenses long term. So my guess is if we had Medicare for all, the new revenue received based on current premiums would get Medicare to a sustainable program. Which means premiums wouldn't actually come down.

 

[Brainwrap]

Guess again (well...mostly; my wife & I qualify for like $20/month off of our Gold policy, so technically I'm "not paying the full cost" but it's still over $1,000/month).

And yes, our premiums have gone up about $200/mo compared to 2013...but we're actually *saving* about $4K/year in expenses due to the improved coverage, so in our particular case we're coming out ahead.

Your mileage may vary, of course.

Next uninformed assumption?

You must not pay the full cost of your own insurance premiums.

 

[somarco]

Next uninformed assumption?

Not necessary.

You bagged your limit with the single payer comment.

 

[sman]

Guess again (well...mostly; my wife & I qualify for like $20/month off of our Gold policy, so technically I'm "not paying the full cost" but it's still over $1,000/month). And yes, our premiums have gone up about $200/mo compared to 2013...but we're actually *saving* about $4K/year in expenses due to the improved coverage, so in our particular case we're coming out ahead. Your mileage may vary, of course. Next uninformed assumption?

Oh my mileage does vary. My premiums have doubled and max out of pocket has increased.

And technically, if you are receiving a subsidy you aren't paying the full cost of your insurance.

Lastly, the fact that you want single payer tells me all I need to know about you.

 

[Yagents]

News Flash..............it's still not working

Who's charging more for Obamacare plans? Surprise ...

 

[AllenChicago]

October 15, 2015

This is interesting... The Pennsylvania Insurance Department told many health insurers that they can't have the 2016 premiums they're requesting. The chart in this article shows that the approved amounts were 30% to 50% less than what insurers requested.

Pennsylvania approves 2016 health insurance rate increases 'significantly lower' than requested | Local News | lancasteronline.com

Did health insurers in Pennsylvania request more than they needed, knowing that the state would not approve it all? If none pull out before 2016 open enrollment commences, that could have been their strategy.