As expected: Health care costs rise … insurance rates going up
As we told you. When you start mandating coverage and benefits, the costs to provide care will increase. As such, health care insurance premiums go up. Remember, insurance companies in most cases must go to the state to request premium increases and they must prove why rates must increase. They states will soon be approving 20 percent-plus increases for some policies.
From the New York Times, who failed to tell readers this would happen before Congress set this boondoggle in motion. Conservatives bloggers told you this was coming.
Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid rise in insurance costs for consumers.
Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.
In California, Aetna is proposing rate increases of as much as 22 percent, Anthem Blue Cross 26 percent and Blue Shield of California 20 percent for some of those policy holders, according to the insurers’ filings with the state for 2013. These rate requests are all the more striking after a 39 percent rise sought by Anthem Blue Cross in 2010 helped give impetus to the law, known as the Affordable Care Act, which was passed the same year and will not be fully in effect until 2014.
In other states, like Florida and Ohio, insurers have been able to raise rates by at least 20 percent for some policy holders. The rate increases can amount to several hundred dollars a month.
The proposed increases compare with about 4 percent for families with employer-based policies.
But I thought the “Affordable Health Care Act” was supposed to make health care affordable?
The double-digit requests in some states are being made despite evidence that overall health care costs appear to have slowed in recent years, increasing in the single digits annually as many people put off treatment because of the weak economy. PricewaterhouseCoopers estimates that costs may increase just 7.5 percent next year, well below the rate increases being sought by some insurers. But the companies counter that medical costs for some policy holders are rising much faster than the average, suggesting they are in a sicker population. Federal regulators contend that premiums would be higher still without the law, which also sets limits on profits and administrative costs and provides for rebates if insurers exceed those limits.
So the Times is trying to spin this, implying it could be a lot worse. Of course, health care costs – just like any industry – is effected by the economy of the country. Things are not going well, so therefore the price of goods and services could actually be going down in some sectors. Notice how the Times writes costs may increase just 7.5 percent next year. Oh, that’s awesome!
To be clear, insurance rates go up because the cost of care goes up. They are not just raising rates 20 percent and keeping the cash, the cost to provide the services you are demanding are going up for many reasons, and the government mandates are not helping one bit.
You probably need to check those numbers again!!? Zero told us about bending the cost curve down!!? And he would lie to us, would he?
I almost forgot, a special thanks should go out to Chief Justice Roberts for protecting us against an uncontrollable government.
Yeah, that lying POS won’t really let this happen to us, right? ?I still can’t get over the fact that this clown actually won reelection, that people believe this fraud when he speaks. ?Doesn’t say much for the typical Obama voter, does it. ?We’ve got a country half full of stupid and we think we’re going to survive this snake in the grass? ?We’re so far up the creek right now!
I know it’s boring to be repetitive, so I’ll just be boring. One of the best things for the President was when everyone ?stopped calling that obscenity “The Affordable Healthcare Act” and started calling it Obamacare. His sheep forgot the point of the Act.
Affordable? HA! That’s a good one!
Laugh Out Loud!
???????????????????????????????????? Oh, (groan . . . ) I’m gonna be sick . . .
No, no, no!? The rates will be reported as “unexpectedly” rising, the fault laid at the door of the “greedy insurance companies” and somehow, it will still be George Bush’s fault.
I am sure the proglodytes in the media have been assigned their talking points.
When insurance became a law & not an option,it was inevitable that it would be overpriced. It has been for years but if somebody else is paying who cares?
It’s all part of the plan.? Soon the evil insurance companies will need to be shut down and have Barry take?over all health care.? Trust me you are going too love Marxism.?
OK a bit of math here. If I buy a good health care plan,? <I love math> subtract the cost from my social security check= $200 a month for food,auto insurance,rent,heat automobile repairs, gasoline etc. It’s possible I failed math.
If you did fail math than you belong in Congress.
I am sure that all of those companies and unions that got exemptions from? ?bamaCare are going to see rises in their group rates for their members and pensioners.
That will strike at? ?bama’s base. Then, you will hear some wailing.