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Obamacare premiums to surge next year, early rate requests show
2018 May 21, 5:22am 4,493 views 10 comments
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CBOEtrader
@
2018 May 21, 7:01am
CBOEtrader
@
2018 May 21, 7:01am
AF is actually 100% accurate.
Complete deregulation would do wonders for healthcare.
Death spiral is correct. I wrote $1.2 million of annual premium in Blue Cross ACA plans during open enrollment this last season. No one pays full price for an ACA plan. Healthy/wealthy clients always find a better solution. The ACA plans therefore attract the most unhealthy/broke clients. Death spiral is a natural result, and it will get worse every year until the ACA is replaced.
Considering Obama and his ilk admitted the ACA was a mere stepping stone towards single payer, these "problems" appears to all be by design. No one w any wits could look at the ACA and not see how prices would explode, breaking the system. It happened in less than 8 years.
Good job Obama.
Complete deregulation would do wonders for healthcare.
Death spiral is correct. I wrote $1.2 million of annual premium in Blue Cross ACA plans during open enrollment this last season. No one pays full price for an ACA plan. Healthy/wealthy clients always find a better solution. The ACA plans therefore attract the most unhealthy/broke clients. Death spiral is a natural result, and it will get worse every year until the ACA is replaced.
Considering Obama and his ilk admitted the ACA was a mere stepping stone towards single payer, these "problems" appears to all be by design. No one w any wits could look at the ACA and not see how prices would explode, breaking the system. It happened in less than 8 years.
Good job Obama.
Comments 1 - 1 of 10 Next » Last » Search these comments
“We have folks in Maryland that are struggling, that are trying to do the right thing, and they’re paying more for their health insurance than they are for their mortgage,” Redmer said on a call with reporters.
Maryland is seeking permission from the federal government to create a reinsurance program that would use $975 million in state and federal funds over five years to lower rates. That would help only temporarily, Redmer said.
“I believe we’ve been in a death spiral for a year or two,” he said. A permanent solution requires Congress to fix the Affordable Care Act, he said.
https://www.bloomberg.com/news/articles/2018-05-07/obamacare-premiums-to-surge-next-year-early-rate-requests-show