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Title: Ouch! Massive Obamacare Premium Increases Will Dominate 2016
Source: Breitbart
URL Source: http://www.breitbart.com/big-govern ... -increases-will-dominate-2016/
Published: Jul 6, 2015
Author: Chriss W. Street
Post Date: 2015-07-06 19:19:08 by cranky
Keywords: None
Views: 1099
Comments: 16

Oregon Insurance Commissioner Laura N. Cali has approved premium rate increases of 25 percent for the Moda Health Plan and 33 percent for LifeWise in 2016. Due to Obamacare’s radical plan design and high utilization costs, skyrocketing American healthcare costs are becoming the norm–and will be a top issue in 2016 elections.

Following the Supreme Court’s 6-3 ruling that Obamacare subsidies were legal, President Barack Obama flew to Tennessee last week in attempt to rally liberals and consumer advocates to pressure state insurance regulators to limit proposed health insurance rate increases. Obama said that if commissioners do their job and actively scrutinize rates, “my expectation is that they’ll come in significantly lower than what’s being requested.”

What the President was referring to in his speech are requests by Tennessee’s healthcare insurers, led by leaders Blue Cross & Blue Shield, for average 2016 statewide healthcare insurance premium rate increases of 36.3 percent.

Under Obamacare, health insurers are required to submit rate requests by June and state regulators have until August to approve, deny or limit the requests. But state regulators do not have the power to force insurers to continue to operate while losing money in their state.

It is doubtful that Tennessee state regulators have much negotiating power to control prices after 28,000 Tennesseans previously enrolled in CoverKids, CoverTN, Access­TN and CoverRX lost coverage this year when their plans incurred huge Affordable Care Act losses.

The coming healthcare premium “sticker shock” is not limited to just a few states or insurers. Blue Cross and Blue Shield plans, which are the dominant healthcare insurers in most states, are known to have submitted 2016 premium rate increase requests of 23 percent in Illinois, 25 percent in North Carolina, 30 percent in Maryland, 31 percent in Oklahoma, and a staggering 54 percent in Minnesota, according to documents posted online by the U.S. Department of Health and Human Services and state insurance commissioners.

United Healthcare (UNH) of Florida wants to raise the rates for plans sold on the state’s Obamacare exchange by an average of 18 percent. Individual policies available outside the exchange through United Healthcare or through their extensive broker network are set to rise by an average of 31 percent, but some counties will see 60 percent increases.

Texas insurer Scott & White has requested a 32 percent increase for Obamacare exchange-based health plans; while Humana (HUM) of Texas has asked for a 30 percent boost for its exclusive provider organization policies, which generally cover only in-network services.

New Mexico’s market leader, Health Care Service Corp. is asking for an average premium spike of 51.6 percent.

Regulators for Covered California, the largest Obamacare exchange with 1.4 million members, have been mum on just how big their premium rate increase will be. But with the exchange already expected to lose $78 billion in the state fiscal year that began July 1, there is no state money for extra subsidies.

When insurance companies proposed 2015 rates last June, they had only a limited amount of information about the health of the new customers they expected to sign up during the fall Obamacare expansion. Big insurers tended to ask for 2015 increases of less than 10 percent, while some smaller insurers tried to undercut pricing by the majors to take market share, according to the Wall Street Journal.

The U.S. inflation rate rose by a tiny 0.8 percent last year, but national healthcare spending grew by 5.0 percent. The 2014 health spending share of national GDP came in at 17.8 percent, up from 16.0 percent when President Obama took office. Prescription drugs were the fastest growing healthcare expenditure last year, rising by at a 13.0 percent rate.

President Obama claimed he compromised the design of Obamacare in 2010 to achieve fiscal neutrality over a ten-year projection to avoid increasing the deficit. But to achieve that mirage, the implementation of Obamacare was delayed for three years, and the premium cost increases were designed to be ramped up through 2018.

When health insurance costs are going up by an average of 30 percent in 2016, Obamacare sticker shock will almost certainly dominate the 2016 elections.

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#1. To: cranky (#0)

By 2016 it will be called Hillarycare.

nolu chan  posted on  2015-07-06   19:41:25 ET  Reply   Trace   Private Reply  


#2. To: cranky (#0)

Ouch! Massive Obamacare Premium Increases Will Dominate 2016

Boy, that's gonna piss off the voter class. :)

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rapidly promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

CZ82  posted on  2015-07-06   20:16:15 ET  Reply   Trace   Private Reply  


#3. To: CZ82, cranky, All (#2)

Ouch! Massive Obamacare Premium Increases Will Dominate 2016

Boy, that's gonna piss off the voter class. :)

"No one in this world, so far as I know—and I have researched the records for years, and employed agents to help me—has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby." - H.L. Mencken (Baltimore Evening Sun August 9, 1926)

потому что Бог хочет это тот путь

SOSO  posted on  2015-07-06   21:59:19 ET  Reply   Trace   Private Reply  


#4. To: nolu chan (#1)

By 2016 it will be called Hillarycare.

Bureaucrats & all congresscritters & government employees and retired employees that thrive on the government trough won't have to pay a dime; however, the costs are shifted to the private sector; hence the outrageous increased spending.

Last tyme I looked, every three private sector workers paid the government machine for a do-nothing government worker to change a phuckin' lite bulb or to define a "plan" to change a lite bulb. Yeah, even Reagan jumped on the government largesse bandwagon to spend, Spend, SPEND the hard working tax payer dollar.

buckeroo  posted on  2015-07-06   22:11:57 ET  Reply   Trace   Private Reply  


#5. To: cranky (#0) (Edited)

Obamacare sticker shock will almost certainly dominate the 2016 elections.

I doubt it - but if it does, what will the ruling class do?

1. Blame the sticker shock on GW Bush?
2. Blame the sticker shock on the "Tea Party?
3. Blame the sticker shock on racism?
4. Blame the sticker shock on the Confederate flag?

Whatever the ruling class says or does to obfuscate this unfortunate piece of "reality" , rest assured the electorate will buy it.

It's amazing what can be accomplished when truth, logic, history or facts are irrelevant, isn't it?

Rufus T Firefly  posted on  2015-07-07   8:27:26 ET  Reply   Trace   Private Reply  


#6. To: cranky (#0)

When health insurance costs are going up by an average of 30 percent in 2016, Obamacare sticker shock will almost certainly dominate the 2016 elections.

Only if GOP candidates don't back down on the need to repeal it and institute massive reforms of the healthcare system (health savings accounts, equality of deductability, interstate insurance markets, lawsuit reform, increased fraud auditing, etc.).

The GOP sounds awfully squishy about repealing and replacing ObolaCare since the 2014 election ended.

Tooconservative  posted on  2015-07-07   9:06:46 ET  Reply   Trace   Private Reply  


#7. To: TooConservative (#6)

"The GOP sounds awfully squishy about repealing and replacing ObolaCare since the 2014 election ended."

"When your enemy is in the process of destroying himself, stay out of his way."

misterwhite  posted on  2015-07-07   9:26:20 ET  Reply   Trace   Private Reply  


#8. To: TooConservative (#6)

The GOP sounds awfully squishy about repealing and replacing ObolaCare since the 2014 election ended.

Yeah, strange, isn't it?

Yet we have no better source than Mitch McConnell himself telling us that is EXACTLY what he (and his gop army) would do.

Could it be . . . . might it be . . . . that he (and his gop army) was lying to us? Saying whatever they felt they needed to say to get elected?

But I though only democrats did that?

I'm so disappointed.

But yet, there IS hope.

There's Jeb.

Rufus T Firefly  posted on  2015-07-07   10:47:39 ET  Reply   Trace   Private Reply  


#9. To: Rufus T Firefly (#5)

It's amazing what can be accomplished when truth, logic, history or facts are irrelevant, isn't it?

Evidently, appealing to emotions is a sure winner.

It seems thinking for one's self is far more difficult that a knee-jerk, emotional respnse.

There are three kinds of people in the world: those that can add and those that can't

cranky  posted on  2015-07-07   11:52:15 ET  Reply   Trace   Private Reply  


#10. To: Rufus T Firefly (#8)

But yet, there IS hope.

There's Jeb.

Go on, man, call the suicide hotline now, before it's too late.     ; )

Tooconservative  posted on  2015-07-07   15:45:23 ET  Reply   Trace   Private Reply  


#11. To: buckeroo (#4)

Bureaucrats & all congresscritters & government employees and retired employees that thrive on the government trough won't have to pay a dime; however, the costs are shifted to the private sector; hence the outrageous increased spending.

You're wrong, Buck. This drives up the cost of insurance for all. Persons with Federal Employee Health Benefits (FEHB) still purchase a health insurance plan and it must satisfy Obamacare standards. It is subsidized but it ain't free.

Last tyme I looked, every three private sector workers paid the government machine for a do-nothing government worker to change a phuckin' lite bulb or to define a "plan" to change a lite bulb.

You left out that it might also pay for the union steward to process the grievance for the guy who changed the light bulb to pay him at the overtime rate for working outside of his craft, and to process the grievance of the maintenance craft worker to pay him at the overtime rate for the time when he was watching the out of craft worker change the light bulb.

nolu chan  posted on  2015-07-07   17:12:04 ET  Reply   Trace   Private Reply  


#12. To: TooConservative, cranky (#6)

The GOP sounds awfully squishy about repealing and replacing ObolaCare since the 2014 election ended.

Right now, it is a Dem headache.

The GOP does not want to get into specifics on what they would replace it with. It will be wonderful, but ya gotta elect em before you can see what is in it. The Dem plan is a stationary target, the GOP "plan" is not, and they will keep it that way.

nolu chan  posted on  2015-07-07   17:16:44 ET  Reply   Trace   Private Reply  


#13. To: nolu chan (#12)

The GOP does not want to get into specifics on what they would replace it with.

If that is so, it is only because the big donors to the RNC haven't told them to replace it and what to replace it with.

So I'm guessing they are all just fine with the way things are.

There are three kinds of people in the world: those that can add and those that can't

cranky  posted on  2015-07-07   17:24:53 ET  Reply   Trace   Private Reply  


#14. To: cranky (#0)

Ouch! Massive Obamacare Premium Increases Will Dominate 2016

yeah.....so the gopers will point fingers, wring their hands and predict a nationwide crisis....

and will offer only a variety of promised theoretical solutions....all unworkable legislation based on "repeal" of the ACA.......

the dems will come forward with a President who falls onto his sword, and a united message of ACA REFORM - which will guarantee financial relief and coverage for all.

Like it or not, this has been a political set-up and the Dems have played their cards expertly into a nearly nut hand....

"we are tartets from evil doers!!!" [ and ] U looked up birfer on the dcitionary. It isn't a movie.

"Listen piece of shit. Call me anti American again and your're banned. I don't like you." - aka stoned -

Jameson  posted on  2015-07-07   19:14:09 ET  Reply   Trace   Private Reply  


#15. To: nolu chan (#11)

This drives up the cost of insurance for all. Persons with Federal Employee Health Benefits (FEHB) still purchase a health insurance plan and it must satisfy Obamacare standards. It is subsidized but it ain't free.

How? Here, let me explain the facts of life to you, right here on LF for our wonderful colleagues and readership: Government health benefits ARE SUBSIDIZED by the taxpayer. The rates of increases for 0BAMA SUBSIDIZED MEDICAL KARE do not increase similary to those working in the private sector. Hence the phucking GOVERNMENT has passed a HUGE increase to those working in the private sector.

Man, this is not communism; this is not fascism; this RAPE of the middle class.

buckeroo  posted on  2015-07-07   22:31:16 ET  Reply   Trace   Private Reply  


#16. To: Jameson (#14)

Dems have played their cards expertly into a nearly nut hand....

Don't play cards much do you?

“Political correctness is a doctrine, fostered by a delusional, illogical minority, and rapidly promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.”

CZ82  posted on  2015-07-08   7:29:49 ET  Reply   Trace   Private Reply  


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