Tag Archives: Medical Insurance

News

Health care premiums will increase due to Obamacare

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Story in the Wall Street Journal. (H/T Hot Air)

Excerpt:

Health insurers say they plan to raise premiums for some Americans as a direct result of the health overhaul in coming weeks, complicating Democrats’ efforts to trumpet their signature achievement before the midterm elections.

Aetna Inc., some BlueCross BlueShield plans and other smaller carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the law, according to filings with state regulators.

These and other insurers say Congress’s landmark refashioning of U.S. health coverage, which passed in March after a brutal fight, is causing them to pass on more costs to consumers than Democrats predicted.

The rate increases largely apply to policies for individuals and small businesses and don’t include people covered by a big employer or Medicare.

[…]Many carriers also are seeking additional rate increases that they say they need to cover rising medical costs. As a result, some consumers could face total premium increases of more than 20%.

[…]In addition to pledging that the law would restrain increases in Americans’ insurance premiums, Democrats front-loaded the legislation with early provisions they hoped would boost public support. Those include letting children stay on their parents’ insurance policies until age 26, eliminating co-payments for preventive care and barring insurers from denying policies to children with pre-existing conditions, plus the elimination of the coverage caps.

Weeks before the election, insurance companies began telling state regulators it is those very provisions that are forcing them to increase their rates.

Aetna, one of the nation’s largest health insurers, said the extra benefits forced it to seek rate increases for new individual plans of 5.4% to 7.4% in California and 5.5% to 6.8% in Nevada after Sept. 23. Similar steps are planned across the country, according to Aetna.

Regence BlueCross BlueShield of Oregon said the cost of providing additional benefits under the health law will account on average for 3.4 percentage points of a 17.1% premium rise for a small-employer health plan. It asked regulators last month to approve the increase.

In Wisconsin and North Carolina, Celtic Insurance Co. says half of the 18% increase it is seeking comes from complying with health-law mandates.

When you require insurance companies to force all of their customers to pay for new mandatory coverages and you remove limits on payouts, it makes the premiums go up! Obviously – somebody has to pay for the happy-talk eventually.

News

Idaho and Virginia pass legislation to opt-out of Obamacare

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First, Idaho. (H/T Secondhand Smoke via ECM)

Excerpt:

Idaho took the lead in a growing, nationwide fight against health care overhaul Wednesday when its governor became the first to sign a measure requiring the state attorney general to sue the federal government if residents are forced to buy health insurance. Similar legislation is pending in 37 other states.

And then, Virginia. (H/T Secondhand Smoke via ECM)

Excerpt:

The Virginia General Assembly has given final approval to a bill that would make it illegal for the government to require individuals to purchase health insurance, a measure intended to conflict with Democratic efforts to reform health care in Washington.

[…]Gov. Robert F. McDonnell said Wednesday that he intends to sign the legislation.

The measure had been virtually assured passage since five Democrats crossed party lines last month in the state Senate, which their party controls, and supported the proposal.

Proponents of the measure said the federal government should not force private citizens to enter into private contracts for insurance. The legislation, they said, was a way to send a message to Washington.

Idaho is a red state, but Virginia is purple. Interesting. It looks like people are not interested in paying for mandatory coverages for medical services that they will never use, like abortions, in-vitro fertilization or sex changes. I guess people do who want those services will have to pay the full price themselves, while the rest of us who don’t want those services will just buy what coverage we need, and spend the rest of our money on gas and groceries, instead.

Tom Coburn warns corrupt Democrats

Sen. Tom Coburn, M.D., warning Democrats who vote for Obamacare in exchange for pork and bribes.

Suddenly, I feel proud to be a Republican. How about you?

Commentary

Government-run health care is really about redistributing wealth

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Article from radical leftist Jonathan Chait of the extremely biased New Republic. (H/T Just One Minute via ECM)

Excerpt:

The single most popular health care idea emanating from the right is to allow Americans to purchase health insurance across state lines. What a stupid idea, making people buy insurance only within their own state!

[…]Now, think about this for a minute. I doubt her precise figure, but let’s grant the premise that young healthy people could save a lot of money from such an arrangement. Why is that? Is it that out-of-state insurance companies are that much more efficient? No, of course not — profit and overhead don’t account for anywhere close to two-thirds of insurance premiums.

The young and healthy would save money because they’d find an insurance plan from a state with very limited regulation. Say, those plans would operate in a state that doesn’t require insurance to cover any medical conditions that are unlikely to afflict a young, healthy 25-year-old. What happens is that the health care industry becomes like the credit card industry. Some small state realizes it can attract a lot of business its way by winning the race to the regulatory bottom.

So then, effectively, we’ve almost completely eliminated all regulations on health insurance. Conservatives will say that’s great. And certainly the healthy 25-year-old would be better off. But, of course, the effect of those regulations was to force insurers to cover medical conditions that older or less healthy people have. As a result, all the young healthy people have split, and costs on everybody else go up. The young and healthy are paying higher rates because of these regulations. But the same regulations let the old and sick pay lower rates — and they’re the people who have the biggest trouble buying insurance as it is. Allowing interstate sale of insurance isn’t just a non-solution, it’s a massive anti-solution, worsening all the problems of the status quo.

Got that? The whole point of socialized medicine is to force people to limit their choice of coverage to only in-state plans so that young people just starting their careers have to pay more for coverages that they don’t need. And retired people who have had all their lives to make money and save for their own health care get health care for less. The health care of the elderly needs to be subsidized via government-controlled wealth redistribution. Isn’t it amazing that young people vote so overwhelmingly for Obama?