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Aetna CEO Sees Obama Health Law Doubling Some Premiums


By zzyzzx   Follow   Wed, 12 Dec 2012, 11:33pm PST   856 views   16 comments   Watch (1)   Share   Quote   Permalink   Like (3)   Dislike (2)  

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

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.

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mrobmoore   befriend   ignore   Wed, 12 Dec 2012, 11:36pm PST   Share   Quote   Like (3)   Dislike     Comment 1

Anyone who thinks Obama care will make healthcare more affordable is delusional.

YesYNot   befriend   ignore   Thu, 13 Dec 2012, 12:19am PST   Share   Quote   Like   Dislike (2)     Comment 2

^if that is so, then why did the republicans object so heartily to a single payer system? Medicare is proven to be more efficient than private insurance.

edvard2   befriend   ignore   Thu, 13 Dec 2012, 1:31am PST   Share   Quote   Like   Dislike (3)     Comment 3

Obama Won. Get over it.

zzyzzx   befriend   ignore   Thu, 13 Dec 2012, 2:04am PST   Share   Quote   Like (2)   Dislike (2)     Comment 4

YesYNot says

Medicare is proven to be more efficient than private insurance.

http://en.wikipedia.org/wiki/Medicare_fraud

Mr Happygoluckofus   befriend   ignore   Thu, 13 Dec 2012, 4:07am PST   Share   Quote   Like   Dislike (3)     Comment 5

Who are these MORONS that think just because Obama won the election, no one is supposed to debate or talk about the failed policies of his first term?

Bellingham Bill   befriend   ignore   Thu, 13 Dec 2012, 4:13am PST   Share   Quote   Like   Dislike     Comment 6

I'll bite -- what "failed policies"?

Mr Happygoluckofus   befriend   ignore   Thu, 13 Dec 2012, 4:15am PST   Share   Quote   Like (1)   Dislike (3)     Comment 7

Oh no you first, why don't you name something he's done that works.

That American tax payers would agree with, not the guys from Illegal alien voter temp agency.

Bellingham Bill   befriend   ignore   Thu, 13 Dec 2012, 4:41am PST   Share   Quote   Like (1)   Dislike     Comment 8

CaptainShuddup says

Oh no you first, why don't you name something he's done that works.

Gotcha. You got nothing.

As for things that have worked, he stopped US servicemembers getting killed in Iraq.

He turned the Bush Depression he literally walked into into a recession:

http://research.stlouisfed.org/fred2/graph/?g=dM2

The Fed printing like crazy seems bad but it's about the only thing we can do to get this graph:

http://research.stlouisfed.org/fred2/series/NETEXP

moving in the right direction (up).

He hasn't launched any more on-the-ground interventions, something Republicans have tended to do in their first term -- Reagan, Bush Sr, and Jr.

This has resulted in stopping the growth in defense spending:

http://research.stlouisfed.org/fred2/graph/?g=dMb

Much of Obama's policies 2009-now have been just trying to turn the boat around, not exactly doing anything spectacular, other than "ObamaCare", which is indeed his signal reform.

And after losing the House in 2010, the past two years have been with Obama with zero ability to get new legislation through Congress.

The Republican Congress' top priority was stopping Obama, not doing anything for the country.

This much has been obvious.

zzyzzx   befriend   ignore   Thu, 13 Dec 2012, 4:43am PST   Share   Quote   Like   Dislike (2)     Comment 9

Bellingham Bill says

I'll bite -- what "failed policies"?

His stimulus which was supposed to keep unemployment low as promised comes to mind.

Bellingham Bill   befriend   ignore   Thu, 13 Dec 2012, 4:47am PST   Share   Quote   Like (1)   Dislike (1)     Comment 10

zzyzzx says

His stimulus which was supposed to keep unemployment low as promised comes to mind.

They totally underestimated the gravity of the situation in late 2008.

Seriously, few people NOW understand how dependent the middle class economy was on the 2002-2007 housing bubble.

That was a $7T stealth stimulus in just 6 years.

http://research.stlouisfed.org/fred2/series/CMDEBT

But it went away in 2008 completely, bankrupting millions of wanna-be players and dislocating the flows that our consumer sector had become dependent on.

Right-wing conservative policy has no ideas to fix the structural issues of our economy.

You guys want to make them worse, actually.

http://research.stlouisfed.org/fred2/series/GINIALLRH

The higher that goes, the more you cheer.

You guys have serious problems.

Now, I don't think we can "stimulate" ourselves back to prosperity. What we do need to do is cut all the bullshit waste in government (mainly the DOD), double taxes on everyone, radically reform health care to make it work like it does in more successful countries ($5000/capita tops), and print more to weaken the dollar and bring more jobs home.

zzyzzx   befriend   ignore   Thu, 13 Dec 2012, 4:57am PST   Share   Quote   Like   Dislike (2)     Comment 11

Bellingham Bill says

and print more to weaken the dollar

You can't print your way to prosperity either.

Bellingham Bill   befriend   ignore   Thu, 13 Dec 2012, 5:02am PST   Share   Quote   Like (1)   Dislike     Comment 12

zzyzzx says

You can't print your way to prosperity either.

But you certainly can print to weaken the dollar.

I can easily see that parasites like Iwog are going to benefit first and most from wage inflation.

But I'm still on the fence about how they will profit from eg. just a higher gasoline (and food) price regime.

Since his rental empire is in-town close to jobs he might be insulated, but I don't think he will see a "price premium" per se.

Bellingham Bill   befriend   ignore   Thu, 13 Dec 2012, 5:10am PST   Share   Quote   Like   Dislike     Comment 13

mrobmoore says

Anyone who thinks Obama care will make healthcare more affordable is delusional.

To the extent its premium subsidies aren't just paid by the beneficiaries, PPACA will in fact make healthcare more affordable for millions of Americans.

A family of 4 making $50,000 will have to pay $3500 for health insurance, with the taxpayers paying $13000.

http://healthreform.kff.org/subsidycalculator.aspx

Now that's "affordable", LOL. But if we just raise taxes $13,000 on that family to pay for it, it'll be a sick joke.

PPACA does also move the system towards reform, getting people out of the fucking ERs for stuff that should have been treated earlier.

No, conservatives, ER for general medicine is not good public health policy.

But you know that, since PPACA is just what conservatives wanted to pass as recently as 2005.

upisdown   befriend   ignore   Thu, 13 Dec 2012, 5:17am PST   Share   Quote   Like   Dislike     Comment 14

Bellingham Bill says

Right-wing conservative policy has no ideas to fix the structural issues of our economy.
You guys want to make them worse, actually.

The rich finances the right wing or republican party. Doing anything to undermine any economic recovery is favorable to the rich because it consolidates resources of every type, and gives them an upper hand in all transactions, mediations, and furthers their economic positions.

Everthing is aquired for pennies on the dollar, whether that be people(labor), assets, or consloitdation of everthing in between.

drew_eckhardt   befriend   ignore   Thu, 13 Dec 2012, 5:24am PST   Share   Quote   Like   Dislike     Comment 15

YesYNot says

^if that is so, then why did the republicans object so heartily to a single payer system?

Being a senator pays $174K a year. The average successful senate campaign in the 2012 elections ran $10.4M for the whole six year term or $1.73M per year, almost exactly 10 times that.

That arithmetic works because powerful companies, industry groups, etc. pay for congress critters' campaigns. They do so because they get votes for favorable legislation and against laws that would cut their profits. A single payer option would reduce insurance industry profits.

Medicare is proven to be more efficient than private insurance.

In an alternate universe where there was an Americans' Health PAC that had spent generously on campaigns for decades that fact might lead them to back a single payer system which their Congress Friends would legislate into existence.

In this world it's not relevant.

Bellingham Bill   befriend   ignore   Thu, 13 Dec 2012, 5:29am PST   Share   Quote   Like   Dislike     Comment 16

drew_eckhardt says

A single payer option would reduce insurance industry profits.

Not only that, but people don't like change and single payer is change.

That was the buzzsaw Clinton ran into in 1993.

Plus half this country will reflexively oppose anything Democrats propose, because they don't want Democrats getting the credit for fixing anything that needs it.

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