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Here Come The Even Higher Insurance Premiums
Remember when Obama apologized about lying for years that "you can keep your old plan" even though he knew you can't? It seems many more apologies are forthcoming, now that it is about to become clear that the Affordable Care Act had an epic, if very unfortunate, typo in the first word.
From CBS' White House correspondent Mark Knoller:
After meeting today with Pres Obama, National Assn of Insurance Commissioners warns of possibility of higher premiums for consumers.
— Mark Knoller (@markknoller) November 20, 2013
In a statement, the State insurance regulators caution that 'different rules for different policies' could result in higher premiums.
— Mark Knoller (@markknoller) November 20, 2013
It's ok though. Obama is sorry.
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If you like your QE, you can keep your QE. Period.
http://www.youtube.com/watch?v=D7fvpjkxEVs
But what if I don't want my QE anymore? Can I get a reimbursement for my out of pocket inflation?
If you don't like your QE, you will keep your QE. Period.
Fuck everybody.
And pay for all of your big ticket Christmas gifts in $1 bills (try pennies but that might you get thrown in the clink) that ought to gum up the works...as it will take a set of four emps to make sure they got the count right.
Oh, and write on each dollar bill that Obawambiennie likes to smoke sausage.
Not talented enough to play a fiddle, Barry "sings" while America burns. God help ushttp://www.weeklystandard.com/blogs/michelle-obama-my-husband-has-got-sw...
Obama lied... Health care died.
Buy a whole bunch of shiite, take it out and play with it, then take it all back right after Christmas.
Talk about fuk with their heads.
Big Centralized Unaccountable Government:
Anything that is bad for you, you get to keep. Anything that is good for you, we get to keep.
Because fuck you.
"If You Think Health Care is Expensive Now — Just Wait Until it's Free."
---P.J. O'Rourke
And people laughed at it then...now? Not so much.
Damned idiots.
DT
Healthcare was already terminal. He's just unplugging the life support.
I'm at about that point right now. Just let it burn. I'll deal with the pain somehow. But I can't stand to watch this slow-motion train wreck anymore.
I agree! Get this shit over with. At least I'll know what I'm dealing with. If not dead. Oh well- On a Long Enough Time Line . . .
As per the plan...
drip...
drip...
drip...
drip...
I'm not ready for it yet, but I feel the same way.
Hey knukles, that's my motto!
(One of 'em anyway...but it's OK...more people should share it!)
You will like your QE or the DOJ, EPA, IRS, DHS and the rest of the alphabet soap will be shining a light in every orifice of your body.
I wonder if the Tea Party will have more public support going into the next debt ceiling face off??
Delay Obamacare for 1 year? You evil bastards!!!
Oh wait... Obamacare is not free? It costs more? WTF?
You remember?
At the outset of this turd, it was gonna be "free"
The Republican Establishment is at War with it's own Base.
They'll try to run a Chris Christe or other fucking RINO numb-nut again and once again, get beaten toa pulp by HillBillary without a sweat.
They simply refuse to accept that with the T's Libertarians, ain't a single RINO gonna decamp into the Democrats wile a bazillion Independents and Centrists will have had more than fucking enough with the Democrats (aka in current incantation, Marxist Fucking Progressives) to NOT VOTE FOR A TEA LIBERTARIAN
But ain't gonna fucking happen
This is utterly so fucked up it is almost beyond reality.
We've mad men form the asylum in charge.
Governments are designed to steal and the masses are designed to let them.
What's the point of voting?
The Diebold machines determine who wins.
You're best bet is to just write in Adolf Hitler and get it over with.
Those machines are merely tools of factional infighting. Humanity is screwed regardless of the existence of voting "irregularities."
@Not Applicable - Well said, I concur. Lying, sleazy, amoral dirtbags of all political persuasions rule the world.
And, guess what? Plenty of regular citizens support them in doing that very thing.
It's mirror time, people!
IOW, people get the government they deserve.
Hm.
Seems more like *I* get the government *THEY* deserve.
@Pure Evil - I agree with you.....Diebold decides.
C'mon Knuckles...you're smarter than that. To believe all of that stupid political theater actually matters? C'mon man...it's game. You know that.
Why rig the election when both candidates will do fundamentally the same things? Sure, there'll be a little more defense spending with one guy or a little more entitlement spending with the other guy, but remember that Mr Hopey-Changey douchenozzle was going to be so much different than Bush, yet, we got more war, more droning, more spying and more scandals. Think McCain or Romney would have been different? I don't, at least not on the fundamentally important issues, which is why I don't think there is even a need to rig the elections. The candidates are rigged.
Yeah. Didn't Barack sell Guantanimo to a developer? Probably DiFi's husband.
That fatass New Joisey RINO is the one person who will prevent me from coming out of voting retirement and casting a ballot against Hitlery.
He also said the average shmo would pay 2,500 FRNs LESS than before. And he said the moon is made of green cheese, and he did not have sexual relations with that body man, Reggie Love.
Now just imagine if these dumb fuckin sheep had any idea that 85 bil a month was being handed to the banks while we boil in the pot.
Whoocadaknowed it!
SURPRISE!
*It's not as if Big Health Care wasn't allowed to LITERALLY write the ACA.
This whole obamacare thing was just to distract us from the real issue.
http://www.huffingtonpost.com/2013/11/19/michelle-obama-shorts-photos_n_4305389.html?icid=maing-grid7%7Cmain5%7Cdl1%7Csec1_lnk2%26pLid%3D409014
Well crap, now I can't unsee that Fonz.
/reaches for the eye drops
Why do her kids have no resemblance to the Stooge In Chief?
Rhetorical question, yes?
I thought it was a statement of fact.
3 meals ahead and 2 shits behind....fonz
Talking to a friend of mine (who's an Obamabot), on the epic failure of the ACA so far and he said to me, "That Zero Hedge is rotting your brain".
I laughed pretty hard.
About him not having one?
Pretty much. I'm done trying to convince anyone if they can't see it with their own two eyes at this point.
I laugh and just walk away.
In the immortal words of Ron White - You can't fix stupid.
i asked some o-bots today wtf is going on with o-care and acted totally uninformed. they slammed the aca but noted that the repubs had hacked the website. i'm lol'g my guts out and playing along.
i said ya maybe like nixon breaking in on the dnc...
some things will never change
red/ blue - sad fkg story...
hey being dumb fucked and acting that way to avoid conflicts has its rewards.
like i can change this shit anyways.
totally turned off, tuned out and navigating the path of least resist. and cost...
"If you act like a dumbshit, they'll treat you as an equal."
--
J.R. "Bob" Dobbs
I will roadside shit in memory of all dumb shits.
A fitting tribute, somehow a very mattering thing.
Seriously, anyone who has not been awakened from the Obama trance is not worth another conversation on the subject.
We need to establish a ZeroHedge Republic somewhere (not just in CyberSpace) to get away from these bonehead parasites.
And NEVER, EVER, let them or their kin cross the territorial line.
It's called Texas...
You mean Galt's Gulch.
http://www.nbcdfw.com/news/local/North-Texas-Drivers-Stopped-at-Roadbloc...
This is the problem. Some police state and far lefty wackos are already here, they're just outnumbered for the moment.
Make it a confederation and the microfiefdom of Shempistan might be interested.
We just need to get together on mattering things and have a good roadside shitting to seal the deal.
DUP - removed
Here is a question for your friend.
http://www.youtube.com/watch?v=21gaUp1DvVs
Sounds like my mother.
I get that a lot from public employees.
Miffed;-)
The banks have to pay that money back so even if they lose it in the market, we're good.
exactly. http://www.youtube.com/watch?v=gIaQCRUPu38
"we're still bailing out Europe's financial system...now say hello to soaring health insurance premiums." say again? with interest rates the lowest on record? talk about "catastrophic coverage." if State and local Governments start getting a ten fold premium "shock-ku" should be interesting to see if there's any "squawking." talk about "putting the premium" in "premium pricing." the bulk of America won't have healthcare period. http://www.youtube.com/watch?v=CwinnODU0yo and here's United Healthcare chiming in as well: http://www.youtube.com/watch?v=Bf4YINfjQaQ
Wow .... higher rates. Couldn't possibly have seen that coming from a secret cabal meeting behind closed doors to discuss our fates.
$10 says these prices never make it into the PPI or CPI
This is to put off a "death spiral" of the entirety because there are mostly unhealthy people signing up for it.
Ben can print that
If you don't like QE, you can also keep your QE.
extra twist with that please! Thnx
Wait until all the "working poor" find out their subsidy quotes via Healtcrap.gov are invalid after January 15, 2014 and the second phase of sequester kicks in causing a 7.2% reduction in the amount of money available for subsidies....
Or, John, they find out they don't have any coverage at any price. As I'm sure you've seen, they haven't even started building the back office on healthcrud.gov., so there's no way for people to pay a premium. No premium, no coverage.
However, I'm sure MaoBama will just waive that requirement as well.
Thinking strongly about going long KY Jelly and Preperation H.
Oh, it's about to get classic. Two major lawsuits both on Article 1, Section 8 of the Constitution moving rapidly through the Federal Courts, entire citeis seeing their health insurance plans cancelled for municipal employees right before Christmas, and the idiots thinking that people who earn McWages will have extra money to pay $300+ per month with a $6500 deductible for health insurance.
It's what happens when you put academic pinheads in charge instead of people who have actually signed the front of a G.D. check.
Yeah, well if MaoBama thinks buying insurance is hard, he ought to try and pay for it.
health care is being systematically priced out of reach - in order to effect the social policy of Murder by Neglect - as the preferred irradication tool
the affordable care act and the website fiasco was designed deliberately to relieve corporation of their health plans so that there would be only private policy solutions and then make them unaffordable - they want 160 million people dead within 50 years in the USA and reduce the worldwide population as well by 4 billion
it is going to be mahem!
Its even more insulting in that they did not even have to low ball the first year to get your business.
sorry but go FUCK YOURSELF O&co,
I junked you because you used the word "sorry". There's no need to feel sorry. You have nothing for which to apologize. Get rid of that guilt and let it flow...
FUCK YOU OBAMA
FUCK YOU BEN SHALOM
FUCK YOU YELLEN
FUCK YOU CONGRESS
FUCK YOU BANKER CUNTS
FUCK YOU BLACK ROBED, SPINLESS FUCKS
FUCK YOU STATISTS
FUCK YOU CORPORATE FASCISTS
YOU CAN ALL FUCK YOURSELVES STRAIGHT TO HELL!!!
Be true to yourself!
I junked him cause he's VD
Fuck it. You are right. Be true to yourself. I'm going to hang out with my rich friends and just spend my money on hookers and drugs. Fuck this helping people shit. Fuckin' ingrates.
And I junked you because, well, just because. Sorry brah. I've either had too much or not enough whisky
Please. Here at ZeroHedge, we do not "junk."
We give "angry downtwinkles."
Doesnlt that sound much nicer?
Biggest crime spree of all time.
Heathercare Shakedown....give it up ! give up.
i started to believe that this obama care clusterfuck is even worse than GFC and the Q4Ever.sorry
Bwahahahhahahhahahaa to every fucking idiot who voted for this shit!!!!
need to stock up on KY jelly... a lot of people going to have angry whale eye.... and in other news today... the debt crossed $17.2 Trillion
Star Trek: Trouble with Tribbles
Fed: Yellen Trillions Trifles
Now all we need is some Harry Mudd...or Harry Houdini to get out of this bind.
Where is Spock ? We need a Logic Lesson...for Fed Idiots and Dummies.
Can you think of a better way to redistribute wealth?
You could just line them all up and shoot them and take everything. It's more efficient but it's only good one time.
Shhhh.
What do you think DHS wants those dum dums for.
Because they can fleece us repeatedly, but they can only skin us once?
I'm not sure who's wealth they've redistributed because I'm making more money than I ever have doing less than ever before. I know the shit is fucked, but I'm stacking like never before. I kind of feel guilty, but fuck, I guess I'm doing something right.
Shit is ridiculous. I'm not even worried about my financial future anymore. I'm trying to set my kids up in the event they're stupid as shit that all this money I made will keep the next three generations in the good life.
Quit complaining, be thankful, keep doing what you're doing, and keep stacking.
Opama is a bad nikka!
I endorse Owebombacare.
Signed, Ben Dover.
in 2014, millions will become bankrupt, or have to sacrifice their homes, cars, food, utilities...
Now you know why they bought billions of rounds. They are going to use them- on US!
Meanwhile, the gay little weasel will have plenty of dope, tall boys, fried chicken and homosex, living large with a big screen TV at 1600 PA Avenue, protected by the SS!
Look...this is on me...OK?
WHY CANT THIS MOTHER FUCKER ASK FOR HIGHER PREMIUMS FROM THE FEDERAL RESERVE! WHY WHEN THOSE FUCKING GOVERNMENTS ARE BROKE THEY GO AFTER THE FUCKING PEOPLE!
This is just fucking Disgusting!!!!!!!!
After seeing a bunch of your posts it is clear you belong at the Daily Kos. Not here.
Words appear near your avatar but most of the time show economic illiteracy or just remind me of a socialist trying to sound like he isnt really a socialist (but not doing a very good job of it )
But...its where this is all going eventually. Fed Yellen will have a new legal "objective", to support ACA for $100B a month.
It is scary...but quicker and simple that way...so I am OK with it.
If the FED funds ACA then we will have stepped off the ledge and gravity will assist.
UNLIMITED FED PRINTING WITHOUT A DEBT LIMIT OR DEBT CEILING STRAIGHT AHEAD !
Re: Fed Yellen will have a new legal "objective", to support ACA for $100B a month
ACA bonds. I'm likin' it. It could be as good as the SS scam.
Gravity. Not sure there will be any terminal velocity.
ok boss, am sorry, i try hard to understand sometimes, but i try.
Good gawd man, it's either caps lock or all lowercase? Are you off the meds again lol?
No problem. I'm not paying anyway!
Over.
Look up the definition of adverse selection.
The system was not actuarily sound to begin with. I do not see how an actuary signed off on this. I want to see his or her name.
There were never enough serious penalties to prevent people from opting out. The benefits were far far too rich, and how in the hell did an actuary not estimate how much gaming of the system there would be with income shifting and misreporting?
I am grandfathered for a year with an excellent high deductible plan so I can ride this out. It is fubar'd completely.
I'm not sure a human actuary did, as the insurance industry has seen Wall Street rake in billions so they've decided to join the club......and employ the MIT Brigade, the quants.
If you can't afford it, Barry owns you
Barry ain't gett'n much about now.
Reggie is out of town?
Barry down in Barry Town.
Rope for sale here!
Selling it by the inch ;-)
nmewn: Please advise your pricing so I can compare to WallyWorld. Oh, do you stock guillotines?
TIA - Agnus the Hanger
Guillotine kits...now that would be a winning product on Amazon. No foolin.
"If you don't like your slavery, you will still keep your slavery."
Expect in-place debtor prisons soon, along with federally funded mobile home parks for other debtors, with nicely decorated razor wire fencing.
Which restraunt chain will get the food contracts ?
It might look something between Soylent Green, Matrix and some WB7 holiday pictures from prior years.
What a mess. Some black asshole thinks he can manage the country but he is in over his fucking head.
Re: Some black asshole thinks he can manage the country but he is in over his fucking head.
Well, allot of people voted for him. And allot of them actually wanted the socialist OldFart scam to be available for everybody, but the Blue Team told them it was better to let the insurance companies have big subsidies because the Red Team didn't want socialism for the Non-OldFarts. So, here we are.
Confuse 'em with bullshit. Works every time.
Guys it is interesting how types who wish to discredit us come over here and use language so they can paint us all with the racist brush to dismiss us. They should be called out. (unles we are discussing the tribe, but they are big boys. They can take it lol)
Does it matter what race the clueless asshole is?
Re: Does it matter what race the clueless asshole is?
Dude, there wouldn't BE a Red Team without "those people" and the "fornicating harlots".
It's getting like Big-MIC and the thousand dollar toilets.
Oh well, Big-Gov is designed to move loot to the smart-n-savvy people. It never ends.
Of course it ends. It just doesn't end in a way anyone will walk away from intact.
"Sorry, Mr Smith, but our records indicate a police license plate scanner picked up a "Fair Tax" bumper sticker on your auto three years ago."
"I had to sell my car to pay for Ohomocare."
"Too bad. You're disqualified and you will have to walk."
"But my leg is broken! That's why I am here."
"Sorry. Next serf!"
Remember the Google barges?
http://us.generation-nt.com/google-floating-barge-fin-sails-news-4402522...
I'm going to construct a few of my own, float them just outside the International water boundary and staff them full of qualified doctors from other nations.
Our rates will be good, our product will be good, the best part? Non taxable fucking income, just like GOOG!
Over.
You're not afraid of my Drones? I like to kill you know....
I don't think medical personnel would see it the same way, but a couple of days ago a cop let slide on a speeding ticket because he said he liked the Gadsden "Don't Tread On Me" t-shirt that I was wearing.
Everyone wants in on the act.
On the plus side, it's gonna be fun watching these sociopathic fuckers killing each other trying to be first getting their meat hooks into the last American citizen living a middle-class lifestyle.
Thank you John Roberts.
Where is Screamin' Al "Tawana' Sharpton when you need him.
We need good comic relief.
This is going to backfire so big for those Obamacare Bots. They think they can just legislate people into paying 50% more for their gold plated insurance. They have a couple things working against them, hospitals cannot refuse to care for people, enrollment does not appear to be restricted and you cannot deny insurance for pre-existing conditions.
So if it came down to paying Bam or their mortgage, the mortgage wins. People will pay cash to go to the doctor, if they get diagnosed with a serious disease they will quickly enroll in Obamacare and if they get hurt they will go to the hospital and duke it out with the bill collectors.
What are they going to do, show up with the police to collect? Wait till that shows up on the 5:00PM news.
What a scam.
sschu
You can't FORCE people to PAY for SHIT they don't want or simply CAN'T AFFORD.
Just tell the IRS you want to pay in BitCoins because that's all you have.
It may just be that the Bamster will wait it out. If a few people get ruined in the process, too bad, the greater good is served. If you have a family, you will have to choose, pay 50% more for insurance or do without. The Bamster may also have no choice. Changing direction, rates and policies 6 weeks prior may be too little time.
What will you do? Is it worth the risk to go bankrupt or not get the care (even sub standard care) your kid or wife needs?
This is evil, it may be criminal, we will know soon enough.
sschu
sschu: I don't know what the answer is for each family or individual. I don't even live there but I can't help thinking that what this comes down to is... if you DON'T sign up you're fucked. If you DO sign up you're fucked.
Yeah, it's worth the risk. Obamacare was my line in the sand.
They say 50 million to 100 million may be dropped in 2014 from their existing plans.
Expect Democrat demolition all year long.
Worse yet to come?
Second wave of health plan cancellations looms.
http://www.foxnews.com/politics/2013/11/20/second-wave-health-plan-cance...
"A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall -- right before the mid-term elections."
Sorry to say but it will destroy many things. Many will wake up. So in that sense (only) its 'all good'.
I hope I can see all this stuff as it devolves...it deserves to return to dust.
Its hard enough and now it will get much harder.
Many in society are snapping and its getting tense.
Robin DaHood strikes again...robbbing the poor, so you pay more.
A man goes into the hospital for a vasectomy. Before the procedure, a rather attractive nurse comes in and takes his vitals, then tells him to take all of his clothes off. When he is fully undressed, she instructs him to lie down on the table. The man obeys.
The nurse then takes all of her clothes off and climbs on top and has her way with him. Upon the completion of the act, the man catches his breath and asks what that was all about.
The nurse informs the patient that studies have shown that before a vasectomy, if the man has an ejaculation, he will be more relaxed and that the vasectomy is easier for the surgeon to complete.
The nurse then wheels the patient to the operating room. While they are going down the hall, the patient sees six men in a room masturbating. Curious, the man asks “What are they doing in there?”
.
.
.
.
.
The nurse responds, “They’re getting vasectomies too, but you have Blue Cross and they have Obama Care.”
lol
"...but I can't pay these rates."
"how old is that cute ittle boy, Mr Jones?"
"My kid? 8."
"Perhaps we can make a deal. They are looking for young 'pages' at the White House."
OBAMACARE.
His motherfucking name is on it.
OWN IT MOTHERFUCKER.
He built that, all by himself.
Not exactly news or a surprise:
49-state Analysis - Obamacare to Raise Premiums by Average of 41%
http://www.forbes.com/sites/theapothecary/2013/11/04/49-state-analysis-obamacare-to-increase-individual-market-premiums-by-avg-of-41-subsidies-flow-to-elderly/
A big surprise to the bleeding heart morons who believe there's such a thing as a free lunch. Some actual quotes in the news from these idiots: "I was all for Obamacare until I found out I was paying for it" and “Of course, I want people to have health care, I just didn’t realize I would be the one who was going to pay for it personally.”
What do you expect when 49% of the working public pays no income tax. It's always the OTHER guy, you know, the rich dude that pays this shit.
Welcome to reality Low Information America.
Like I said a few days ago with the insurers...new models needed...calling all Quants...not actuaries here need C++, Python and other languages to create new math models...I'm sure it's not setting well with a few insurers as this was not in their plans.. The regulators still depend on actuaries so that will give you an idea here on their thoughts.
http://ducknetweb.blogspot.com/2013/11/president-obamas-decision-to-exte...
And now we have Blue Cross in one are of the US running ads...can't deal with Healthcare.Gov..talk to use directly:)
http://ducknetweb.blogspot.com/2013/11/reaching-new-low-wellmark-blue-cr...
This must be what they mean by "bending the cost curve"...
Did anyone think otherwise?
If you wanted to truly destroy this country from the inside you would have a hard time doing it any better than what Obamacare is designed to do when it's completely unveiled. Bare in mind we haven't even seen the law fully implemented.
you white folks are outta control and full of race hate.
fact obama is paying for folks gas and house payments you never had it so good.
rejoice suckers.
http://www.youtube.com/watch?v=YjYdR_m2LNQ
http://hotair.com/archives/2013/11/20/next-obamacare-dilemma-for-obama-b...
Apparently, MaoBama thinks he hasn't broken enough laws yet this year, might as well pile on.