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Obamacare premiums to surge next year, early rate requests show


               
2018 May 21, 5:22am   4,488 views  10 comments

by MisterLefty   follow (1)  

In Maryland, CareFirst wants to raise rates by 91 percent on a plan covering 15,000 people, Insurance Commissioner Al Redmer Jr. said. If approved, premiums for a 40-year-old could reach $1,334 a month.

“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

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9   SunnyvaleCA   @   2018 May 21, 11:37am  

APOCALYPSEFUCKisShostikovitch says
Complete deregulation of the market space is the only solution.


Deregulation would also fix Social Security by reducing the rolls of people collecting. Hey, maybe people would take responsibility for themselves and start leading a healthier lifestyle.
10   CBOEtrader   @   2018 May 21, 2:30pm  

Quigley says
It just pays for sick care, not wellness intervention or preventative care.


Yeah covered vs uncovered procedures is a regulatory nightmare. In general, no healthcare covers weightloss procedures, such as stomach bands for example. Some Medicare Advantage plans offer gym memberships and other silliness like that.

With the faith based health sharing plan they require a $50/month charge for being obese. They also offer a discount for being fit. Along with the required $50/month charge for obesity they suggest you work with a digital health coach.

The unique thing about faith based sharing plans is they DO NOT cover costs due to sinful decisions. Drunk driving accident? Fucked. Heroin addiction? Fucked. Out of wedlock pregnancy? Double fucked. So yes I get to question good christian mothers about their daughters chances of high school pregnancy, and the resulting $35k hospital bill. "Oh Jenny would NEVER do that! She's a good Christian girl."

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