Rising Obamacare premiums anger those paying full price

We tried to warn you.
electionshaveconsequences
From CNN Money: Shela Bryan, 63, has been comparing prices for individual health insurance plans since May, and she can’t believe what she sees. “They cost a thousand, $1,200 [a month], and they have a deductible of $6,000,” she said. “I don’t know how they think anyone can afford that.”
Bryan, who lives in Hull, Georgia, a hamlet of about 200 residents near Athens, was on her husband Tony’s insurance plan for decades. When Tony died in 2013, she continued his workplace coverage through COBRA, and she had to pay almost the full price of the insurance — about $800 a month. That was high, but it was “the Cadillac of insurance,” Bryan said, with low copays, prescription drug coverage and a $500 deductible. That option will run out in a few months.
Obamacare Screw U
So she is turning to the individual insurance marketplace in what is shaping up to be the most expensive year for the 400,000 or so consumers in Georgia who buy individual policies but don’t purchase them on the Obamacare exchanges.
About 10 million Americans buy individual insurance coverage either on or off the exchanges and get no federal subsidies to help bring down the cost, according to the Congressional Budget Office. About the same number get the financial assistance for the plans they purchase on the exchanges.
“For those receiving subsidies, the subsidy protects them against the increase. If they’re not eligible, they’ll be paying a lot more. And the more premiums go up, the higher the cliff,” said William Custer, a health policy and insurance expert at Georgia State University.
In Georgia, consumers who don’t get insurance through their employers or don’t qualify for tax credits to help pay for policies they purchase are facing double-digit premium increases. Blue Cross Blue Shield of Georgia, the only insurer offering plans throughout the state, received an increase of more than 21% from the state insurance commissioner. Humana was awarded a 67.5% hike.
Numbers like those are rattling other states too. BlueCross BlueShield of Tennessee was granted a 62% rate hike, while state officials approved a 46% increase for Cigna. Florida authorities gave plans there an average 19% bump. And last week, Minnesota officials announced that premiums for the seven insurers on the individual market are rising 50% to 67%.
The insurers are now adjusting for some miscalculations, said Graham Thompson, executive director of the Georgia Association of Health Plans. “The prices are up this year, but our hope is that things will settle down after this year,” he said.
While consumers have faced sticker shock, the insurers have faced what might be called “sicker shock,” which has sent their prices spiraling. They are adjusting premiums after finding that the pool of clients buying plans on the individual market were sicker and more costly than expected when the health law was implemented.
Judge Judy shakes head rolls eyes
Almost two-thirds of Americans get their coverage from plans offered through their workplaces. But those who don’t can buy either on or outside the health law’s marketplaces, also called exchanges. Those with marketplace coverage who earn up to 400% of the federal poverty level — $47,520 for an individual — are entitled to a subsidy, and federal officials say most will pay less than $75 a month for insurance.
Policies sold off the marketplaces must still meet health law standards and the same prices as plans offered on the exchange, according to Linda Blumberg, a senior fellow at the Urban Institute. Federal and Georgia officials note that customers can change plans each year to find a better price, but that also can result in higher deductibles and may force a change in doctors to stay in network.
Bryan, a maintenance supervisor who makes just over the $47,520 limit for a subsidy, finds herself in that market now. She could end up paying as much as $14,000 in premiums for a pared-back policy the likes of which she had never imagined, she said, with no coverage for her asthma and high blood pressure medications. The cheapest policies amount to more than a quarter of her yearly income, or double her mortgage, she noted.  That total package would increase her premiums $4,400 over what she is paying for her COBRA plan and raise her deductibles by $5,800. And that was based on 2016 premium prices.
The federal Department of Health and Human Services announced Tuesday that as many as 2.5 million nationally may be eligible for a subsidy and not know it.

Bob Laszewski

Bob Laszewski


Bob Laszewski, a health policy strategist in Washington, D.C., said the Obama administration and health care advocates need to listen to the complaints of the those who do not receive assistance.
“These people are invisible,” Laszewski said. The ACA “is working very well for lower income people, but the Obamacare supporters missed the fact that if you’re raising a family of four on $100,000, you’re not rich. This is the … guy who remodeled your house, who drives a pickup truck and he’s wearing a Trump hat.”
insult-my-intelligence
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youknowwho.
youknowwho.
3 years ago

Color me suprised. And hitlary wants to expand this idiotic idea. Here in VA conservative lawmakers have been so far successful in preventing medacaid expansion but the liberals keep making a run at them for it. They’re trying all kinds of back door tricks to get it done. the governor is nothing but a carpetbagging, tax and spend commie and a good friend of hitlary who no doubt will be rewarded by the clintorious mafia if he gets it through. I’m sick of this crap.

Sara
Sara
3 years ago
Reply to  youknowwho.

I’m glad that they haven’t expanded Medicaid in VA…so far it’s gotten us out of the penalty for not having insurance! Which we would never use if we had it. The penalty would be almost our entire refund.

Auntie Lulu
Auntie Lulu
3 years ago

This is the saddest of all tails, we have covered the poorest of the poor–and other are forced into poverty by paying for them to have coverage; all the while, they cannot afford coverage for themselves. Not everyone deserves this horrific outcome (I don’t feel very sorry for those who voted for Obama, but I do mourn for those who have worked hard their whole lives–and now their lives are in shambles. A person who is working should not have to pay 25% of their yearly income for health insurance. Coverage that consists of benefits that they may have no… Read more »

Dr. Eowyn
Admin
Dr. Eowyn
3 years ago

If you’re angered by the ever-rising Obamacare premiums, VOTE TRUMP!
If you vote for Hillary, then you deserve the consequences.

Auntie Lulu
Auntie Lulu
3 years ago
Reply to  Dr. Eowyn

Amen! The unfortunate side of this . . . . . “If you vote for Hillary, then you deserve the consequences.” Many, many of those who vote Democrat are people who have never risen above anything other than a body that needs to be taken care of by someone else who is more capable. Yea, I am sure that a measure of people who read this may think I am heartless, but this is what I have seen as I look around. The Dems promise this n that, this n that, so to those who have never really gotten in… Read more »

Anonymous
Anonymous
3 years ago

Used to be, people didn’t have insurance because they couldn’t afford it… today, they’re required to buy health insurance with coverage/deductibles pretty much like being uninsured and still can’t afford it. (Thanks, Democrats!!)

SapphireSunday
SapphireSunday
3 years ago

All by design.

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TPR
TPR
3 years ago

“Those who are conservative I nature, may well be outvoted by those in our society who are idle by choice. They are the ones who deserve our concern.”
On top of the insurance premiums terrible news, I just saw this today (scream!)…
https://twitter.com/mitchellvii/status/789861616691122177

Glenn47
Glenn47
3 years ago

Probably the last dirty trick BO will pull on the people of this country. The 2017 insurance price hikes with be massive.
Obamacare must be withdrawn for the simple fact, people were forced to buy something they neither wanted or needed, i.e., such as paying for pregnancies when past the productive age, and receiving less treatments when needed after about age 80.
The drug market must be returned to it’s original stage. Let open markets and across state line competition begin.
Big pharma must be denied the ability to pay off those in government to advance their greed.