The Down Range Forum
Member Section => Down Range Cafe => Topic started by: rojawe on July 12, 2012, 08:43:03 PM
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http://conservative50plus.com/blog/dont-expect-premiums-to-go-down-with-health-care-reform-some-customers-might-see-increases-of-50-to-70-percent/
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Premiums for a family policy in the northeast are about 12K a year!
No one can afford this....
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that's the point!
I can't remember where I saw it, but somebody was able to to tie the major jumps in healthcare costs to when the government started Medicare/Medicaid.
(read that as government meddling)
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Lawyer meddling has driven up costs more than anything IMHO.
We need tort reform and we will NEVER get it.
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This is all on purpose and by design. Once the average person can no longer afford their health coverage, they'll be forced to turn to a .gov healthcare program which, since the government doesn't have to show a profit, will be priced far less than private insurance. This is BHO the ahole's way of moving this country into a single-payer system.
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Lawyer meddling has driven up costs more than anything IMHO.
We need tort reform and we will NEVER get it.
I agree that this is a BIG part of high private medical costs. In the last five years, my ortho doc's malpractice insurance premiums went from 100k per year to over 300k per year. His son is our district US Representative (currently seeking his second term) and this is an item he wishes to address...hopefully after repealing Obamacare.
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Actually our .gov is to blame for most of the cost. The overhead of the entire industry is just nuts. I can give you a example, I bought my wife a scapel she wanted. here we have a few oz of SS, cast, then polished. How much should that have cost? think about it for a min....
how much did it cost? just short of $800. a big part of that cost was getting the model approved. part was low production costs, but atleast half was .gov enfored overhead. I could have had the thing designed in solid works and produced for less then what it costs, but it would not be legal to use.
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sort of makes me glad i am over here with the medicare we have..
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“Don’t Expect Premiums to go Down With Health Care Reform – Some Customers Might See Increases of 50 to 70 Percent”
“Reasons for the increases are all a bit technical, as is seemingly everything associated with the new law. A key point is that right now, most people who buy their own insurance policies, rather than obtaining them through their employers, try to minimize premium costs by buying policies with larger deductibles and copayments. But under health care reform, insurance policies will have to provide a richer level of benefits. The typical LifeWise customer purchases a policy with an actuarial value of 0.4 – meaning that the aggregate percentage of medical costs that are paid by the health plan rather than the customer is 40 percent. Under health care reform, plans that are sold on exchanges must have a value of at least 60 percent. So that means the benefits package has to be 50 percent richer.
Under the federal law, insurance companies can offer policies outside the exchange as well. But the Washington Legislature passed a law this year that essentially says insurance companies must provide the same policies outside the exchange as they do within it – because without the rule, state regulators argued that customers would flee and buy less-expensive insurance on the open market.
Add the effect of the mandates and taxes that are embedded in the act, and the fact that insurance companies will not be able to deny coverage to those with a pre-existing condition. Then add the fact that customers now served by the state’s program for high-risk customers will be entering the general insurance population. It becomes clear that the cost of the typical insurance policy will go higher, Roe said.
And the law doesn’t provide much relief. The law will offer subsidies in the form of tax credits to those who make less than 400 percent of the federal poverty level. But most current purchasers of insurance policies will not qualify, and for those who do, the subsidies may not be enough to offset the cost. That’s because the subsidies will be set on a sliding scale based on income.
“I think it is staggering that in fact the Affordable Care Act increases the per-person cost of health care from $9,000 to $14,000,” he said. “I find that just staggering. To focus in on two costs, though, I think really drives home that point.”
Read More
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Actually our .gov is to blame for most of the cost. The overhead of the entire industry is just nuts. I can give you a example, I bought my wife a scapel she wanted. here we have a few oz of SS, cast, then polished. How much should that have cost? think about it for a min....
how much did it cost? just short of $800. a big part of that cost was getting the model approved. part was low production costs, but atleast half was .gov enfored overhead. I could have had the thing designed in solid works and produced for less then what it costs, but it would not be legal to use.
The company I used to work for built a plant in Mexico and tried to produce the same parts down there.
Know any one who wants to buy an empty factory in Juarez ?
They can't come close to the quality requirements.
Even the Chinese can't meet the tolerances on much of the stuff they make.
Especially the sanitation specs, their "Clean rooms" aren't .
With the Mexicans it was just unskilled incompetent workers.