Health Insurance increasing by over 20% AGAIN this year.

[OverVolt]

When there will soon be 2 people working for every 1 person in retirement getting massive amounts of healthcare in a heavily regulated and inefficient field, where innovation leads not to cheaper costs, but increased costs, its kind of obvious where its headed. Bankruptcy 🙂

California has a $58billion pension liability, something like that. And $3billion set aside for those liabilities. The $55billion that they have to suck out of the economy is that large whooshing sound on your bank account, as money is harder and harder to come by as every organization big and small is trying to plug holes in pension liabilities, or pay down debt. On top of the high debt loads, the interest payments are the same thing, a huge drag on the economy.

 

[wirednuts]

i just wanted a public option... not a public takeover.. just the option. give me a "us postal service" option against these greedy capitalist insurance companies. in fact, eliminate the post office completely and use those resources to do public health insurance. it boggles my mind how people still think the post office is a good idea but health insurance isnt.

 

[wirednuts]

When there will soon be 2 people working for every 1 person in retirement getting massive amounts of healthcare in a heavily regulated and inefficient field, where innovation leads not to cheaper costs, but increased costs, its kind of obvious where its headed. Bankruptcy 🙂

private labor unions are facing this currently. they are now at near 1-1 ratios, and its about to go beyond that. they said within a few more years they will have more taking out then paying in, and thats one of the many reasons i got out and not going back.

 

[HardcoreRobot]

the govt levied all sorts of additional restrictions and compliance against these companies, who did you expect would foot the bill?

 

[JEDI]

Just wait until 2014 when all of the large employers dump their unhealthy employees from their self-insured plans onto the individual market and individual premiums go up 100+%...

just toss out smokers and fatties.
neither are a protected class

 

[OverVolt]

just toss out smokers and fatties.
neither are a protected class

On the list of things that determine price in healthcare, common sense & the resources actually used are probably near the bottom lol.

 

[sactoking]

just toss out smokers and fatties.
neither are a protected class

Oh, it will happen. And since smoking can only be uprated at a ratio of 1.5:1 and weight can't be uprated at all, they'll drive individual premiums higher.

Self-insured employers are subject to ERISA. Under ERISA there basically is no such thing as a protected class. In other words, anyone can be dumped from the self-insured plan if their anticipated medical costs are too high.

 

[1prophet]

You are right. People didn't want this. They asked for it though. What idiot thought that high risk people being added, more overall who don't pay what their medical treatment cost wouldn't see their own premiums rise? Supporters begged for this, the fruits of their labor. Next they'll say they didn't see the wealthy of France leaving. Oops.

They continually used mandatory car insurance as an example for mandatory health insurance because just like car insurance the higher risk people pay more, oh wait.:\

 

[soulcougher73]

Lol for profit healthcare

 

[etrigan420]

Lol for profit healthcare

/thread.

 

[IronWing]

You are right. People didn't want this. They asked for it though. What idiot thought that high risk people being added, more overall who don't pay what their medical treatment cost wouldn't see their own premiums rise? Supporters begged for this, the fruits of their labor. Next they'll say they didn't see the wealthy of France leaving. Oops.

No they didn't. The insurance lobby asked for and got everything they wanted. Obamacare is exactly opposite of what people wanted which was a single payer system. Instead Obama preemptively surrendered to the reactionaries and insurance industry hacks and we ended up with the pile of coroporatist poop that is Obamacare.

 

[Matthiasa]

Lol for profit healthcare

Insurance not healthcare, and it varies from area to area.
Part of the increasing costs stem from issues of doctors doing but were actually make illegal ~15 years ago.

Healthcare costs have been rising significantly faster than inflation for a very long time.

 

[sixone]

No they didn't. The insurance lobby asked for and got everything they wanted. Obamacare is exactly opposite of what people wanted which was a single payer system. Instead Obama preemptively surrendered to the reactionaries and insurance industry hacks and we ended up with the pile of coroporatist poop that is Obamacare.

That's how they decided to get us to a single-payer system. By completely destroying the one we already have.

 

[Dulanic]

No surprise... My wife went to the ER for an emergency. Was there for maybe 5 hours and the bill was 6000. Six THOUSAND for 5 hours of work. We also just had a child.... 21,000 for a 3 day hospital stay.

We can blame insurance for some of it. But the real scam is the actual care and drugs.

 

[Engineer]

Umm, that is what people want.

The have-nots anyway.

The have-nots want the haves to pay for their stuff. If you CANT be denied for coverage but you cant pay either, the rest of us have to. All our rates go up a thousand percent and then they give discounts for folks below the poverty line.

And if those people don't have coverage, they go to the doctor, don't pay the bill and then the hospitals/doctors, who have to make money, raise the bills on those that do pay to make up for it. You are in a no win situation unless you force EVERYONE to pay for it...and that's not going to happen (and no, Obamacare isn't the same ...i.e. universal healthcare).

 

[Doppel]

No surprise... My wife went to the ER for an emergency. Was there for maybe 5 hours and the bill was 6000. Six THOUSAND for 5 hours of work. We also just had a child.... 21,000 for a 3 day hospital stay.

We can blame insurance for some of it. But the real scam is the actual care and drugs.

Yeah that's fvcking bullsh*t, it's just monopoly money. The real amount insurance will pay for that baby won't even be $10k anyway, but if you didn't have it you'd be gang raped into financial destruction.

It's obvious that the quasi-private insurance system doesn't work properly. Its costs have been soaring way ahead of inflation for many years, and many people are slipping through the cracks.

It's just a matter of time before the US adopts a Canada/European/much of the world approach. It's patently inevitable.

 

[Dulanic]

Yeah that's fvcking bullsh*t, it's just monopoly money. The real amount insurance will pay for that baby won't even be $10k anyway, but if you didn't have it you'd be gang raped into financial destruction.

It's obvious that the quasi-private insurance system doesn't work properly. Its costs have been soaring way ahead of inflation for many years, and many people are slipping through the cracks.

It's just a matter of time before the US adopts a Canada/European/much of the world approach. It's patently inevitable.

They actually paid 13,000 and I had to pay around 3,000. I wish we would just join the other 1st world countries and just go single payer already.

 

[Doppel]

They actually paid 13,000 and I had to pay around 3,000. I wish we would just join the other 1st world countries and just go single payer already.

For shame.

 

[sactoking]

No they didn't. The insurance lobby asked for and got everything they wanted. Obamacare is exactly opposite of what people wanted which was a single payer system. Instead Obama preemptively surrendered to the reactionaries and insurance industry hacks and we ended up with the pile of coroporatist poop that is Obamacare.

The insurance industry wanted an MLR cap?
The insurance industry wanted $100 billion in new taxes?
The insurance industry wanted risk sharing mechanisms that force unprofitable companies to pay profitable ones?

I think your view of what the insurance industry wanted is skewed.

 

[sixone]

They actually paid 13,000 and I had to pay around 3,000. I wish we would just join the other 1st world countries and just go single payer already.

Do you mean the other first world countries that can't pay their bills? Which one of those first world countries has a healthy and happy economy?

 

[Sho'Nuff]

All you gotta do is work fulltime & get a PhD fulltime. Easy peasy.

I worked full time and got a JD at night. Sucked ass. But I did it.

We are getting to the point in this country where there are more people signing the back of the check then the front. Once the scale tips too far, there will be no turning back.

I personally don;t care about Obamacare. Something has to give in the healthcare industry and it can't always be the patient's wallet. I'm more concerned about the fact that everyone in this country owes $50k+ to the national debt the day they are born. It doesn't take a rocket scientist to understand that those figures just aren't sustainable.

 

[PenguinPower]

20% increase...for your company? That sucks. Nowhere near the total cost increase.

 

[preslove]

Umm, that is what people want.

The have-nots anyway.

The have-nots want the haves to pay for their stuff. If you CANT be denied for coverage but you cant pay either, the rest of us have to. All our rates go up a thousand percent and then they give discounts for folks below the poverty line.

We're already paying for them to die in the emergency room because they couldn't afford health care that would have prevented it.

Since Republicans killed Hillary Care in the 1990s there has been runaway healthcare inflation. This is isn't Obamacare. It's America being the only rich democracy in the world without a rational healthcare system. It's a healthcare system loaded to the gills with parasitic health insurers who provide nothing and take Billions and Billions of dollars in guaranteed profits.

Obama passed the Republican plan from the 1990s, and Republicans now think it's evil. What plan do the Republicans have now? Nothing.

 

[dmcowen674]

The breaking point is close, I can taste it.

Until Americans reach that "breaking point" they deserve every single rise in premiums and prices.

 

[purbeast0]

i pay $0 insurance premium at my company. definitely one of the many great benefits here.