About drew_eckhardt

drew_eckhardt


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Sunnyvale, CA
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In United States
Registered Jun 28, 2009

drew_eckhardt's most recent comments:

  • On 21 Aug 2014 in Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductible, drew_eckhardt said:

    curious2 says

    I'm sorry, but subsidies do not substitute for lower premiums. The subsidies come at a price in other ways, you consent to all sorts of things in order to get a subsidy in a government program. Subsidies are merely one mechanism by which the legislation enables higher prices and mandates more spending (both public and private). The promises were "lower premiums" and "reduce costs" and "cut the costs" but the results were opposite.

    While I agree, the subsidies are the mechanism by which the Obama administration can creatively claim to have fulfilled their promises without lying outright.

  • On 21 Aug 2014 in Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductible, drew_eckhardt said:

    Call it Crazy says

    I thought we were told that premiums would drop by $2500 per family if Obamacare was passed?

    What happened to those savings?

    ACA subsidies are available to families earning up to 400% of the poverty level who are not eligible for "bronze level" coverage trough their employer with an employee contribution under 9.5% of income for self-only coverage

    As of 2013, that meant families of 4 earning up to $94,200 which is approximately at the 75th percentile of household income.

    Astute readers will note that under the rules offered employer coverage can be worse and more expensive than what's available on the exchanges to people without employer assistance - there's no limit on what employers can charge for spouse or family coverage while the exchange contribution limit is for a family plan, the exchange required contribution is only 9.5% for people earning over 300% of the Federal Poverty level and can be as low as 2%, and the exchange subsidy is based on a silver plan not minimum coverage.

  • On 21 Aug 2014 in Obamacare Manufacturing Facts: 85% of Firms Raise Premiums, 91% Raise Deductible, drew_eckhardt said:

    tatupu70 says

    100% of companies raise premiums every year. So this is probably better than the typical year.

    My premiums didn't go up appreciably this year.

    OTOH, my in-network out of pocket maximum went from $3000 to $4500 (twice that for the family maximum) co-insurance doubled from 10 to 20%, deductible doubled from $250 to $500, co-pay doubled with specialists $60 not $30, etc.

    I felt that when I got one MRI and one CT scan with a $30,000 combined list price which my insurance company negotiated down to $11,000.

    With spending more the only way to increase profits while complying with the legal minimum medical loss ratio I wonder how hard they're negotiating these days.

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