Thanks Obama and all the dems for doubling my healthcare premium. Looks like all the individual plan holders all just got hosed.
Just got my bill for January's heath insurance, it more than doubled to $733, thanks.
- Thread starter Peter Breuninger
- Start date
Ours came close to doubling while at the same time, the benefits were severely reduced, co-pays went up and coverage went down. Next year, I may not even be eligible to be on the wife's family plan. "Thanks" would not be a term I would use......you don't want to know the term I would use as it's not a polite one.
Tom
Tom
I was just reading this http://money.cnn.com/gallery/news/economy/2013/12/29/obamacare-insurance/index.html?iid=HP_LN
The premium will be about $1,000 a month for the two of us. The new insurance will have a lower deductible and better coverage. The co-pays are lower.
Why such stark differences?
The premium will be about $1,000 a month for the two of us. The new insurance will have a lower deductible and better coverage. The co-pays are lower.
Why such stark differences?
Mine went up $10/month and now have out of network access to doctors. Company arranged for those who aren't full time and hence not covered to get insurance at $74/month.
The rate for us to insure our employees doubled also. So we are giving them this year's premium and letting them choose one on the exchange. Most of our guys benefit that way because they qualify for credits and such due to lower income.
So I had to get my own personal insurance through the exchange and it was very expensive. We are paying almost $1,800 per month or nearly $20,000 a year! And this is for the "silver" plan, not gold. What is the maximum these plans pay anyway? A few hundred thousands? Seems like one could become self insured and be better off at some point. I am pretty sure if I put that $20K in some safe investment over a few years I could have pretty good cushion to absorb a lot of exposure.
So I had to get my own personal insurance through the exchange and it was very expensive. We are paying almost $1,800 per month or nearly $20,000 a year! And this is for the "silver" plan, not gold. What is the maximum these plans pay anyway? A few hundred thousands? Seems like one could become self insured and be better off at some point. I am pretty sure if I put that $20K in some safe investment over a few years I could have pretty good cushion to absorb a lot of exposure.
The problem with this idea is that the prices you pay for anything requiring hospitalization are at least 2-3 x higher if you have no insurance; even non-hospital prices tend to be higher although typically not as much so.
I haven't made a comprehensive study of all situations, but certainly the best solution for an individual is a "high deductible" (at least $1250? or something like that) plan and an HSA.
Why should he ? All was well enough until Obama messed up 1/3 of our economy (healthcare). I suppose only a liberal could be happy with this debacle.
This would be an excellent point save for the fact that these Obamacare policies have no plan maximum liability for the insurer.
Their liability is unlimited, while your costs are limited on a yearly basis. Yes, if your policy had a max payout of a couple of hundred grand, it might make sense to self insure, as that sum would probably not bankrupt you (and many of the posters here). But what if your medical costs exceed that couple of hundred grand? What if it was $500k, $1m? Admittedly, the likelihood of needing that much coverage is small, and for those with appropriate assets, the answer is a real catastrophic policy that only kicks in at whopping liabilities. Perhaps a even higher deductible than the Bronze plan, maybe a Sponge Iron plan?
I'm not thrilled with my insurance cost for me and my wife, $18k/yr, either. But under the ACA that fine print stating 'individual yearly max $250k, lifetime $500k', that were often found on what were considered excellent policies, are gone.
That is exactly why I may lose my health insurance next year. "Family" for the company she works for [which comparatively and historically speaking was/still considered some top tier insurance coverage through BC/BS] may no longer consider spouses as family under the new insurance changes and its new costs. Only the employee and children would qualify.
Tom
Steve williams
Site Founder, Site Co-Owner, Administrator
Until the next election... by voting for Obama we have moved healthcare mgmt. into the public domain (political). God bless us all. I don't mean to say that the vote was premeditated by any of us but the outcome is very scary (for our children).
Next year, the dems may cap us at $100K lifetime per year. Heck, they wrote the thing. Who paid for it? Ins. industry perhaps.
The real point is... is more gov better? Now it is directly effecting me and my company in a not-so-good way. Feel free to pull this post or let fly!
Just a couple of points here. First, large businesses always shop for new plans each year, not to do so would be foolish, and it behooves individuals and small busineses to do the same. Second, health insurance prices go up every year anyway; only a couple of years ago Anthem BC/BS had a 34% increase in most states. Third, in no way "all was well enough"; the health care system and in particular the way we pay for it is and has been a disaster for a long time, and something needs to be done about it. It's way too soon to say whether the PCACA will end up being good or bad, but if it's bad it needs to be replaced, not simply repealed.
I would think that would also depend upon one's age. A higher deductible might be more applicable to younger people.
I think it works at any age. I'm 60 and my annual after-tax health care costs (including insurance) are pretty low; the income tax deductibility ("above the line") of insurance premiums and HSA contributions are a big help.
Ummm.... and leaving it to lassiez fair capitalism is prefferable?
Indeed, this crony capitalism is dangerous. The revolving door between Treasury, Wall Street and Congress is proof of that. Its no better with this devils bargain between the goverment, insurance and the healthcare industry. Next year, the 'publicans may mandate compulsory reading of 'The Fountainhead' prior to receiving medical care...
No, the real point is we need competent, rational government, not creed based nonsense with Rogoff like twaddle to back it up. We need 50 more Elizabeth Warrens in Congress.
Where were the complaints when Bush expanded government and its payrolls to unprecedented levels?
This is not directed at you Peter, I am just sick of Republican revisionist history. Bush INHERITED a SURPLUS. He CREATED A DEFICIT. He DESTROYED the economy. He STARTED the bailouts.
We don't need more or less government, we need government to be what ever size it needs to be to work.
Absolutely correct..companies I have worked for would ROUTINELY change providers if costs went up. I have probably had over 15 insurance companies provide insurance since graduating college.
Similar threads
 | Steve Williams Site Founder | Site Owner | Administrator |  | Ron Resnick Site Owner | Administrator |  | Julian (The Fixer) Website Build | Marketing Managersing |