Q: Will this new insurance regulation drive up my health insurance costs? A: No...
- Thread starter John_Wensink
- Start date
You and your pals have gone from Obamacare caused costs to go up (Even though costs are going up nearly the same as they have the past 10 years) to obamacare was supposed to stop the rising cost of healthcare .Please link to Obama saying that if you have it
http://www.commonwealthfund.org/New...-Insurance-Premiums-Increase-119-Percent.aspx
Employer-Sponsored Health Insurance Premiums Increase 119 Percent from 1999-2008
http://www.cnbc.com/id/100356657
"The proposed increases compare with about 4 percent for families with employer-based policies."
Read CAREFULLY.... the 4% is not the increase that the companies are paying for employee healthcare -- it is how much of the increase companies are passing along to families expressed as a percentage increase of the employee paycheck deduction for medical.
The rate increase that most large companies are paying is over 10% in most states. Blue Cross / Blue Shield is proposing a 15% (large companies) to 31% (individuals) increase in North Carolina.
It is easy to find dozens of quotes from Obama using a simple Google about how the Affordable Care Act was 'supposed to stop the rising cost of healthcare'
Let's start with....
"This legislation will also lower costs for families and for businesses and for the federal government"
and let you find dozens of others.
http://www.intellectualtakeout.org/...ma-patient-protection-and-affordable-care-act
Lowering costs and stopping the rising cost of healthcare arent the same thing
http://www.cnbc.com/id/100356657
Although rates paid by employers are more closely tracked than rates for individuals and small businesses, policy experts say the law has probably kept at least some rates lower than they otherwise would have been.
"There's no question that review of rates makes a difference, that it results in lower rates paid by consumers and small businesses," said Larry Levitt, an executive at the Kaiser Family Foundation, which estimated in an October report that rate review was responsible for lowering premiums for one out of every five filings.
Federal officials say the law has resulted in significant savings. "The health care law includes new tools to hold insurers accountable for premium hikes and give rebates to consumers," said Brian Cook, a spokesman for Medicare, which is helping to oversee the insurance reforms.
"Insurers have already paid $1.1 billion in rebates, and rate review programs have helped save consumers an additional $1 billion in lower premiums," he said. If insurers collect premiums and do not spend at least 80 cents out of every dollar on care for their customers, the law requires them to refund the excess.
As a result of the review process, federal officials say, rates were reduced, on average, by nearly three percentage points, according to a report issued last September.
