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Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

  1. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    Health insurance premiums may as much as double for some small businesses and individual buyers in the U.S. when the Affordable Care Act’s major provisions start in 2014, Aetna Inc. (AET)’s chief executive officer said.

     

    http://www.bloomberg.com/news/2012-12-12/aetna-ceo-sees-obama-health-law-doubling-some-premiums.html

    In filings with state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers, effective in March, with a maximum increase of 20%.

    Advocates say they should use their reserves to balances losses! Really you want me to sell services at a loss? So, I will lose money snd they want them to use previous years profits to meet cost obligations and maintain in business??

    That's insane!

     
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  3. You have chosen to ignore posts from FaolanofEssex. Show FaolanofEssex's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    Really? Because my Blue Cross premiums are going  down slightly after the 1st. AETNA's decision to raise them is not surprising. They are a horrid company to begin with.

     
  4. You have chosen to ignore posts from WhichOnesPink2. Show WhichOnesPink2's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to FaolanofEssex's comment:

    Really? Because my Blue Cross premiums are going  down slightly after the 1st. AETNA's decision to raise them is not surprising. They are a horrid company to begin with.



    And my BCBS premiums are going up. All depends on size, make up, and claims experience of the group. 

     
  5. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    It's high time for the private insurers to go the way of the dodo. Some things, namely healthcare, education and the government itself, shouldn't be run as a business.  Should they be efficient and cost-effective? Of course! But their primary purpose should be their missions and not generating profit for shareholders.

    If the United States had true socialized medicine like civilized nations do, it would free all businesses of the huge cost of employee healthcare and the management burden of healthcare currently weighing them down.

    It would lead to a healthier employer/business climate and a freer, more mobile employee workplace as employees wouldn't be hanging on to dead-end and disliked jobs simply to retain health insurance.

    The Republicans are stifling business by opposing socialized healthcare.

     
  6. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to FaolanofEssex's comment:

    Really? Because my Blue Cross premiums are going  down slightly after the 1st. AETNA's decision to raise them is not surprising. They are a horrid company to begin with.



    Check the mail when you get home...

    I think you are in for a surprise.  Buty, you probably beleive in the Easter Bunny.  Oops.

     
  7. This post has been removed.

     
  8. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to UserName99's comment:

    It's high time for the private insurers to go the way of the dodo. Some things, namely healthcare, education and the government itself, shouldn't be run as a business.  Should they be efficient and cost-effective? Of course! But their primary purpose should be their missions and not generating profit for shareholders.

    If the United States had true socialized medicine like civilized nations do, it would free all businesses of the huge cost of employee healthcare and the management burden of healthcare currently weighing them down.

    It would lead to a healthier employer/business climate and a freer, more mobile employee workplace as employees wouldn't be hanging on to dead-end and disliked jobs simply to retain health insurance.

    The Republicans are stifling business by opposing socialized healthcare.



    "stifling business by opposing socialized healthcare"

    Do you even think aboutr what you are saying?

     
  9. You have chosen to ignore posts from WhichOnesPink2. Show WhichOnesPink2's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to UserName99's comment:

    [/QUOTE]

    It would lead to a healthier employer/business climate and a freer, more mobile employee workplace as employees wouldn't be hanging on to dead-end and disliked jobs simply to retain health insurance.

     

    How many companies don't offer health benefits? I would say it was infinitesimal. Non issue.

     

     
  10. You have chosen to ignore posts from 12-Angry-Men. Show 12-Angry-Men's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    It'll be interesting to see where all that increase goes to, seeing as the ACA stipulates that no more than 20% of the premiums go towards administrative costs.

    Aetna must be some sort of prescient company because no other companies have made the same warning.

     

    "That just seems silly," said Gary Claxton, a vice president at Kaiser Family Foundation, a Menlo Park, California-based nonprofit that studies health issues. "I can't imagine anything going on in the small-group market that would change the average premium that much. On the individual market, there's arguments for things changing, but those magnitudes seem high."

     
  11. You have chosen to ignore posts from MattyScornD. Show MattyScornD's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    My premium increases have slowed to a crawl (less than $2/pp this year) after years of spikes.

    The ACA is, in part, designed to mitigate the dreadfully inefficient (and some would say predatory) individual and small group markets.

    And the state regulators still hold sway over premium hikes for a good reason.

     

     
  12. You have chosen to ignore posts from tvoter. Show tvoter's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    automatic tax hikes due to no budget deal, insurance premiums skyrocketing.

    Yep 2013 is looking.......................like the federal govt is running the show!

    Brace yourself peeps!! Things just seemed bad economically the last 3 years

     
  13. You have chosen to ignore posts from skeeter20. Show skeeter20's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to 12-Angry-Men's comment:

    It'll be interesting to see where all that increase goes to, seeing as the ACA stipulates that no more than 20% of the premiums go towards administrative costs.

    Aetna must be some sort of prescient company because no other companies have made the same warning.

     

    "That just seems silly," said Gary Claxton, a vice president at Kaiser Family Foundation, a Menlo Park, California-based nonprofit that studies health issues. "I can't imagine anything going on in the small-group market that would change the average premium that much. On the individual market, there's arguments for things changing, but those magnitudes seem high."



    ""I can't imagine anything going on in the small-group market that would change the average premium that much."

    - Laughable response from an overt proponent of Obamacare.

    NEWSFLASH:  The only "going on" inthe market IS Obamacare.

     

     
  14. You have chosen to ignore posts from UserName99. Show UserName99's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to skeeter20's comment:



    "stifling business by opposing socialized healthcare"

    Do you even think aboutr what you are saying?



    Some things are so obvious they shouldn't need repeating, but I will.

    1. Choice between competing products is great when you are in a position to choose and you understand the choices. That's fine for buying consumer goods (a relatively trivial decision) but it's a rare experience in health insurance, when life and death can be involved; and the older and more infirm you are, the harder it gets.

    2. By definition, for-profit insurance takes 20-30% off the top before reimbursing medical providers a penny. Medicare’s overhead is in the 2-3% range.

    3. Some of the reimbursement received by health care providers must cover the costs of their own bureaucracies having to deal not only with multiple insurance companies but with multiple plans offered by each of those companies. So we have bureaucratic costs piled on top of bureaucratic costs.

    Medicare for all? Too obvious! It works in too many nations, all of which spend much less of their national income on health care than the United States.

 
  • You have chosen to ignore posts from WhichOnesPink2. Show WhichOnesPink2's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to UserName99's comment:

    [/QUOTE]

    2. By definition, for-profit insurance takes 20-30% off the top before reimbursing medical providers a penny. Medicare’s overhead is in the 2-3% range.

    Could you post links showing this?

    Psst...Medicare care pays WAY under costs. There is a reason the Big 3 (that would be TAHP, BCBS, HPHC) have a surcharge built into their fees that help offset the MILLIONS in losses MA hospitals incur through Medicare / Medicaid patients. If it wasn't for the Big 3 helping out many MA hospitals wouldn't be able to remain open. So by all means let's have Medicare as the sole payor....yikes!

     

     
  • You have chosen to ignore posts from 12-Angry-Men. Show 12-Angry-Men's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to WhichOnesPink2's comment:

    In response to UserName99's comment:



    2. By definition, for-profit insurance takes 20-30% off the top before reimbursing medical providers a penny. Medicare’s overhead is in the 2-3% range.

    Could you post links showing this?

    Psst...Medicare care pays WAY under costs. There is a reason the Big 3 (that would be TAHP, BCBS, HPHC) have a surcharge built into their fees that help offset the MILLIONS in losses MA hospitals incur through Medicare / Medicaid patients. If it wasn't for the Big 3 helping out many MA hospitals wouldn't be able to remain open. So by all means let's have Medicare as the sole payor....yikes!

     




    The Congressional Budget Office estimates that 29 percent of premium dollars in the individual insurance market go toward administrative costs on average.

  •  
  • You have chosen to ignore posts from WhichOnesPink2. Show WhichOnesPink2's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to 12-Angry-Men's comment:

    In response to WhichOnesPink2's comment:

    In response to UserName99's comment:



    2. By definition, for-profit insurance takes 20-30% off the top before reimbursing medical providers a penny. Medicare’s overhead is in the 2-3% range.

    Could you post links showing this?

    Psst...Medicare care pays WAY under costs. There is a reason the Big 3 (that would be TAHP, BCBS, HPHC) have a surcharge built into their fees that help offset the MILLIONS in losses MA hospitals incur through Medicare / Medicaid patients. If it wasn't for the Big 3 helping out many MA hospitals wouldn't be able to remain open. So by all means let's have Medicare as the sole payor....yikes!

     




    The Congressional Budget Office estimates that 29 percent of premium dollars in the individual insurance market go toward administrative costs on average.



    Hahaha....the CBO? Have their projections EVER been correct?

    I asked for a link. Still haven't seen one

  •  
  • You have chosen to ignore posts from 12-Angry-Men. Show 12-Angry-Men's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to WhichOnesPink2's comment:

    In response to UserName99's comment:



    2. By definition, for-profit insurance takes 20-30% off the top before reimbursing medical providers a penny. Medicare’s overhead is in the 2-3% range.

    Could you post links showing this?

    Psst...Medicare care pays WAY under costs. There is a reason the Big 3 (that would be TAHP, BCBS, HPHC) have a surcharge built into their fees that help offset the MILLIONS in losses MA hospitals incur through Medicare / Medicaid patients. If it wasn't for the Big 3 helping out many MA hospitals wouldn't be able to remain open. So by all means let's have Medicare as the sole payor....yikes!

     




    What you're not taking into account is the fact that Medicare pays roughly $9 billion a year to train doctors in residency programs.

    Teachin hospitals can't charge for the services of residents because they are technically not doctors or nurse. That's were Medicare comes in. 

    Last year, Medicare's direct and indirect payments for medical education were about $9 billion.

    http://www.creators.com/opinion/daily-editorials/market-failure-why-medicare-pays-to-train-new-doctors.html

  •  
  • You have chosen to ignore posts from 12-Angry-Men. Show 12-Angry-Men's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to WhichOnesPink2's comment:

    Hahaha....the CBO? Have their projections EVER been correct? I asked for a link. Still haven't seen one



    Oh that's right, fvcking idiots like you just can't comprehend any info that doesn't fit your ignorant view.

    Ya, the CBO, which Congress relies on to write their budgets and it's effects and both sides are using in the current budget fights and debt ceiling talks is not to be believed because a fvcking moron like you says so.

    Typical fvcking imbecile, don't like the most accepted source in the country then just ignore it.

    Newsflash spanky, that is why you're such a fvcking moron.

     
  • You have chosen to ignore posts from WhichOnesPink2. Show WhichOnesPink2's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to 12-Angry-Men's comment:

    In response to WhichOnesPink2's comment:

    In response to UserName99's comment:



    2. By definition, for-profit insurance takes 20-30% off the top before reimbursing medical providers a penny. Medicare’s overhead is in the 2-3% range.

    Could you post links showing this?

    Psst...Medicare care pays WAY under costs. There is a reason the Big 3 (that would be TAHP, BCBS, HPHC) have a surcharge built into their fees that help offset the MILLIONS in losses MA hospitals incur through Medicare / Medicaid patients. If it wasn't for the Big 3 helping out many MA hospitals wouldn't be able to remain open. So by all means let's have Medicare as the sole payor....yikes!

     




    What you're not taking into account is the fact that Medicare pays roughly $9 billion a year to train doctors in residency programs.

    Teachin hospitals can't charge for the services of residents because they are technically not doctors or nurse. That's were Medicare comes in. 

    Last year, Medicare's direct and indirect payments for medical education were about $9 billion.

    http://www.creators.com/opinion/daily-editorials/market-failure-why-medicare-pays-to-train-new-doctors.html



    All I know is what the hospitals I work for lose in MILLIONS due to Medicare and Medicaid patients. All I know is my dept negotiates with the Big 3 to try to help mitigate the losses incurred by Medicare and Medicaid patients. What you think is going on is much different than what is actually going on. 

     

  •  
  • You have chosen to ignore posts from 12-Angry-Men. Show 12-Angry-Men's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to WhichOnesPink2's comment:

    All I know is....



    And yet you think your interaction in a tiny piece of the healthcare market is more informed than the CBO, with it's huge resources and hundreds of experts that study the entire market.

    Freakin HILARIOUS!!!!!

     
  • You have chosen to ignore posts from 12-Angry-Men. Show 12-Angry-Men's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    a

     
  • You have chosen to ignore posts from WhichOnesPink2. Show WhichOnesPink2's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to 12-Angry-Men's comment:

    In response to WhichOnesPink2's comment:

     

    Hahaha....the CBO? Have their projections EVER been correct? I asked for a link. Still haven't seen one




    Oh that's right, fvcking idiots like you just can't comprehend any info that doesn't fit your ignorant view.

     

    Ya, the CBO, which Congress relies on to write their budgets and it's effects and both sides are using in the current budget fights and debt ceiling talks is not to be believed because a fvcking moron like you says so.

    Typical fvcking imbecile, don't like the most accepted source in the country then just ignore it.

    Newsflash spanky, that is why you're such a fvcking moron.



    Again, what projections have they actually gotten correct? 

     
  • You have chosen to ignore posts from WhichOnesPink2. Show WhichOnesPink2's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to 12-Angry-Men's comment:

    In response to WhichOnesPink2's comment:

     

    All I know is....




     

    And yet you think your interaction in a tiny piece of the healthcare market is more informed than the CBO, with it's huge resources and hundreds of experts that study the entire market.

    Freakin HILARIOUS!!!!!



    Um...I pointed out that MA hospitals lose millions from Medicare / Medicaid patients. That is a fact. It's not an opinion....it's a fact. Sorry that doesn't play along with your need to rant

     

     
  • You have chosen to ignore posts from 12-Angry-Men. Show 12-Angry-Men's posts

    Re: Aetna says premiums could double with Obamacare, Blue shield says 20% immediate increase unavoidable

    In response to WhichOnesPink2's comment:

    In response to 12-Angry-Men's comment:

    In response to WhichOnesPink2's comment:

     

    Hahaha....the CBO? Have their projections EVER been correct? I asked for a link. Still haven't seen one




    Oh that's right, fvcking idiots like you just can't comprehend any info that doesn't fit your ignorant view.

     

    Ya, the CBO, which Congress relies on to write their budgets and it's effects and both sides are using in the current budget fights and debt ceiling talks is not to be believed because a fvcking moron like you says so.

    Typical fvcking imbecile, don't like the most accepted source in the country then just ignore it.

    Newsflash spanky, that is why you're such a fvcking moron.



    Again, what projections have they actually gotten correct? 




    Hey numbnuts, it's not a 'projection' it's an evaluation.

    Obviously you don't understand the difference.

     
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