Serfs Up – Average Healthcare Premiums Have Soared 39%-56% Post Obamacare

Tyler Durden's picture


Submitted by Mike Krieger of Liberty Blitzkrieg blog,

It’s been a couple months since I last updated readers on the epic disaster that is Obamacare. In case you need a refresher, here is the last article I published on the law: Computer Security Expert Claims he Hacked the ObamaCare Website in 4 Minutes.

Moving along, we now have some details on the average premium increase for non-Obamacare health plans following the implementation of the law, and the results are not pretty. According to a cost report from eHealthInsurance, premiums have increased by between 39%-56%.

More from The Washington Examiner:

Americans buying health insurance outside the new Obamacare exchanges are being forced to swallow premiums up to 56 percent higher than before the health law took effect because insurers have jumped the cost to cover all the added features of the new Affordable Care Act.


According to a cost report from eHealthInsurance, a nationwide online private insurance exchange, families are paying an average of $663 a month and singles $274 a month, far more than before Obamacare kicked in. What’s more, to save money, most buyers are choosing the lowest level of coverage, the so-called “bronze” plans.


In California, for example, some families are paying a high of $2,604 a month and in New York, $1,845.


His firm’s price index also gives an average age for singles buying plans, and the results are worrying for insurers and the Obama administration. That’s because the average age is 36, older than the administration had hoped for.

The demographic issue is a huge ticking time bomb, something I previously highlighted in my piece: Humana Warns of “‘Adverse ObamaCare Enrollment Mix.”

Moving along, while we are well aware of the financial disaster Obamacare represents for those not participating, what about those who are in (or at least think they are in) the program?

Let’s look at the story of one Las Vegas man who paid his Obamacare premiums since November yet remains uncovered and now has a $407,000 hospital bill nobody is covering.

From the Review Journal:

The hospital bills are hitting Larry Basich’s mailbox.


That would be OK if Basich had health insurance. But he doesn’t.


Thing is, he should be covered. Basich, 62, bought a plan through the state’s Nevada Health Link insurance exchange in the fall. He’s been paying monthly premiums since November.


Yet the Las Vegan is stranded in a no-man’s-land where no carrier claims him, and his tab is mounting: Basich owes $407,000 for care received in January and February, when his policy was supposed to be in effect. Instead, he’s covered only for March and beyond.


Basich has begged for weeks for help from the exchange and its contractor, Xerox. But Basich’s insurance broker said Xerox seems more interested in lawyering up and covering its hide than in working out Basich’s problems. Nor is Basich the only client facing plan-selection errors through the exchange, she added.


Weeks ticked by, but Basich received nothing to confirm he had insurance. Nevada Health Link kept telling him he was enrolled, but UnitedHealthcare said he wasn’t in their system.


Basich’s predicament went critical on Dec. 31, when he had a heart attack. His treatment, which included a triple bypass on Jan. 3, resulted in $407,000 in medical bills in January and February that no insurer is covering.


Though Basich’s problem is exceptional for its dollar value, his situation is not unusual, Burch said. She estimates that of nearly 200 Branch Benefits Consultants client sign ups via Nevada Health Link, only 5 percent have gone through problem-free. More than 20 customers have the same plan-selection issue as Basich. One gave up trying to fix it and is sticking with the plan the exchange put her in.

Serfs up suckers!

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Wed, 03/19/2014 - 16:36 | 4569372 Motorhead
Motorhead's picture

Change, bitchez!

Wed, 03/19/2014 - 16:42 | 4569396 OldPhart
Wed, 03/19/2014 - 16:44 | 4569401 smlbizman
smlbizman's picture

according to bachman turner aint seen nothing yet....

Wed, 03/19/2014 - 16:47 | 4569417 Shocker
Shocker's picture

Healthcare Insurance has always been expensive, but now we can expect even higher premiums.

In this economy it will hurt alot more.

Layoff / Closing List:


Wed, 03/19/2014 - 17:01 | 4569485 Husk-Erzulie
Wed, 03/19/2014 - 17:04 | 4569505 Looney
Looney's picture

We are getting more and MOAR exceptional… What the fuck is happening to our country?


Wed, 03/19/2014 - 17:12 | 4569532 DoChenRollingBearing
DoChenRollingBearing's picture



Blue Cross Blue Shield went up for us about 15% about 5 months ago.

We are expecting a hike of 20% very soon, total approximate hike: 38% in one year!  "We are about 60."  Our typical insurance hikes were typically 13% - 15% in one year.

Wed, 03/19/2014 - 17:27 | 4569583 Kirk2NCC1701
Kirk2NCC1701's picture

Much higher Deductibles too.

If they're gonna go all socialist, then they might as well go full-bore and also impose wage & price control on meds, test, doctors and hospitals.

But that wouldn't suit Wall St. or the bank's FRB, now would it? They both need ever-increasing investment and debt levels, don't they, as the ONLY way to keep the fiat-Dollar Ponzi going.

Wed, 03/19/2014 - 18:38 | 4569813 macholatte
macholatte's picture


go here and see the deductable....... it's a killer.

no wonder that guy had a heart attack


from ZH

Obamacare Calculator

If you want to do your own research, the Kaiser Family Foundation has a handy calculator that lets you enter your age, state and income level, and get an estimate for the monthly cost of enrollment.

Wed, 03/19/2014 - 19:32 | 4569915 TruthInSunshine
TruthInSunshine's picture

It's NOT the MONTHLY PREMIUMS that are the main problem.

It's the ANNUAL DEDUCTIBLE that will be the mind bomb for most enrollees. The premiums are the monthly fixed payment made each month, and even assuming ZeroCare was running smoothly (which it isn't, of course), the deductibles on most single plans for silver coverage are around $6,600 per year, and $12,000 to $18,000 for family deductibles. This is for the mid level coverage (silver).

In other words, multiply the monthly fixed premium by 12 (12 months), and then subtract that from the ANNUAL DEDUCTIBLE, and that will be the REMAINING CASH GAP DUE before anyone under a single plan or family plan received a dime of "insurance coverage."

So, if a family deductible under a ZeroCare plan is $14,500 annually, that family is going to be paying 100% out of pocket for ANY medical care unless and until they have expended $14,500 out of pocket, including monthly premiums paid, IN EVERY AND EACH CALENDAR YEAR, before the somewhat awful reimbursement levels of ZeroCare START TO KICK IN. If their monthly premiums are $600, and it's May, they've only paid $3,000 of their $14,500 annual deductible. They would have had to pay the full $14,500 to be able to receive ZeroCare payment or reimbursement for any medical care/procedures.

And as far as tax subsidies are concerned, any single ZeroCare enrollees get NO subsidies whatsoever if they earn a gross income of $31,700 or more per year, and few if any families will receive any subsidies/credits whatsoever if their total household income is greater than roughly $47,000 (based on research done by The Kaiser Family Foundation, a non-partisan entity that has a website where one can plug all the figures into their calculator).

People are upset now, given the botched administration & roll out of this disaster, and the cost of the monthly premiums.

Just wait until they discover what their out of pocket deductibles are prior to being able to receive 1 penny of actual "coverage."


It's going to be an EPIC, HISTORICAL DISASTER.

Wed, 03/19/2014 - 20:20 | 4570130 krispkritter
krispkritter's picture

+14,500...disaster barely scratches the surface of this monstrosity.  It will fail, in spectacular fashion, and as intended.  Eventually .Gov, the NSA, etc. will have you nailed from cradle to grave, nose to colon, and everything in-between, just as they want it. It will take a tidal-wave of dissent to remove the yokes and the chances of that are pretty slim given the brain-washing in place in everyday life.  I do not look forward to the future given today's environment.

Wed, 03/19/2014 - 20:31 | 4570160 TruthInSunshine
TruthInSunshine's picture

I am on crappy smart phone now so forgive grammar/spelling.

Think about this -

How many young people can afford to pay $200 to $300 per month for just the premium, with annual deductible of $6,800 approx?

IOW, if a 28 year old has paid his/her premium of $250 per month for silver coverage through May, and then has a medical problem, they've only paid $1,250 of $6,800 annual deductible, meaning they could get whacked with a one time bill of as much as $5,550 cash due, and then, only be reimbursed thereafter at certain percentages for further medical care for the rest of the 7 months of the year.


Wed, 03/19/2014 - 20:36 | 4570175 Richard Chesler
Richard Chesler's picture

Anyone know what old people taste like? Is the meat hard?


Wed, 03/19/2014 - 21:18 | 4570325 macholatte
macholatte's picture

Check your numbers Sunshine.

One of us is misinterpreting the costs.

Plan A:   premium + deductable = gross annual cost 

(the deductable does NOT include the premuim)


Plan B:   deductable - premium = gross annual cost

(the deductable does include the premuim)


Which is it?


I have always loved truth so passionately that I have often resorted to lying as a way of introducing it into the minds which were ignorant of its charms.

Giacomo Casanova


Thu, 03/20/2014 - 06:31 | 4571554 GetZeeGold
GetZeeGold's picture



Where oh where have the Obamacare cheerleaders gone? 

Oh where oh where could they be?


Embrace the doom bitchez!

Wed, 03/19/2014 - 20:28 | 4570151 sunnyside
sunnyside's picture

I might be wrong (ask my ex-wife), but I didn't think premiums counted against the deductible.

Wed, 03/19/2014 - 20:32 | 4570165 TruthInSunshine
TruthInSunshine's picture

I thought they did, but it wouldn't shock me if not.

Thu, 03/20/2014 - 07:32 | 4571624 skipjack
skipjack's picture

You are not wrong, ex-wife to the contrary :)  The premiums must be paid just to have the privilege of paying the deductible before your plan kicks in with 70-80% of coverage, leaving you with 20-30% of the bill. Apply that to the guy in Nevada, and a $6800 deductible plus (rounding) 20% of $410k leaves him with bills of $88,800 to pay out of pocket. Then add the fact that his heart attack came at the end of December, and he's now into the next year's deductible. Add another $6800 onto his tab for a nice January total of $95,400. And that's not including his premium payments.


Why bother with insurance ? The guy will never pay the $88k and counting with follow-up care adding more $$. He'll have another heart attack when he gets his bill WITH insurance applied.

Thu, 03/20/2014 - 04:49 | 4571469 Kobe Beef
Kobe Beef's picture

damn. If I still lived in the USSA, I'd join the FSA. Once these premiums kick in, you won't have a choice. Goodbye middle class, goodbye small business, goodbye workers. Forward USSA!

Wed, 03/19/2014 - 17:31 | 4569606 NoDebt
NoDebt's picture

I said it before and I'm more convinced than ever:  real people are going to start DYING because of Obamacare

Oh, and Xerox being in the middle of this I.T. disaster doesn't surprise me at all.  They're WORSE than that stuid Canadian political patronage company that fucked up the federal exchange.

Me?  Well, when my wife's company finally gets smart and dumps health coverage (which the whole family is on) I'm not buying a policy untill somebody gets deathly ill or injured.  Can't be turned down for a pre-existing condition and you don't have to pay the fine because it can only be taken from your refund (which I never have) plus next year's tax form will have a handy "get out of paying the penalty" box that you can check off for a "hardship" situation (without verification by the IRS).  Done and done.

Wed, 03/19/2014 - 19:44 | 4570014 A Nanny Moose
A Nanny Moose's picture

 "real people are going to start DYING because of Obamacare"

Yup. Just another Great Leap Forward/5 Point Plan/Great Society.

Wed, 03/19/2014 - 19:46 | 4570019 BlindMonkey
BlindMonkey's picture

Don't look to Vegas for an answer. Xerox runs all of MGM's IT...

Wed, 03/19/2014 - 17:40 | 4569638 Stoploss
Stoploss's picture

We use Black Cross Gold Shield, because it is the cheapest available.  We never use it anyway.

Wed, 03/19/2014 - 18:17 | 4569742 new game
new game's picture

mine hasn't went up at all-hehe...

Wed, 03/19/2014 - 19:44 | 4570013 BlindMonkey
BlindMonkey's picture

And exactly how in the fuck a 15% yoy increase is OK? This shot is going super-critical in a hurry.

I used to work for BCBSFL a few years ago. They lobbied and made damn sure they would be fine. My friends that are still there are super stressed and say that it sucks to work there even as the salaries and bonuses have never been larger.

Welcome to the new normal bitchez.

Wed, 03/19/2014 - 19:40 | 4570003 A Nanny Moose
A Nanny Moose's picture

What country? The Former USA?

"Ours?" Hardly. We are just tax livestock.

Wed, 03/19/2014 - 17:02 | 4569494 Anusocracy
Anusocracy's picture

Everything government touches turns to crap.
- Ringo Starr

Unfortunately only about one in a hundred understands that.

Wed, 03/19/2014 - 17:13 | 4569537 DoChenRollingBearing
DoChenRollingBearing's picture

Be charitable!  My guess would be around 5% - 8%.

Wed, 03/19/2014 - 17:15 | 4569543 McMolotov
McMolotov's picture

"I'd like to be under the sea in an octopus's garden in the shade, but I have to work two part-time jobs to pay for health insurance."

Wed, 03/19/2014 - 17:33 | 4569612 Kirk2NCC1701
Kirk2NCC1701's picture

Let's see: If "Octo" in Octopussy means "eight", then you'd like to be in the garden of eight... ?

How about a Hexapussy's Garden, so you can rest on the seventh day? ;-)

Wed, 03/19/2014 - 17:28 | 4569587 Anusocracy
Anusocracy's picture

You're probably right.

Some people may understand it but still want government.

Wed, 03/19/2014 - 18:03 | 4569708 Miss Expectations
Miss Expectations's picture

Michelle, ma belle...

-Paul McCartney

Wed, 03/19/2014 - 20:30 | 4570158 sunnyside
sunnyside's picture

"Why does it hurt when I pee?

-Frank Zappa

Wed, 03/19/2014 - 17:01 | 4569488 roadhazard
roadhazard's picture

"the insurance official"... lol = bogus

Wed, 03/19/2014 - 17:12 | 4569521 McMolotov
McMolotov's picture

"Anecdotal!!!" —Jay Carney

Wed, 03/19/2014 - 19:07 | 4569931 nmewn
nmewn's picture

You saying deductibles & premiums haven't skyrocketed? You sayin people have not been cancelled from policies they actually wanted, could afford and forced into higher policies?

It never ceases to fucking amaze me, lefties get their hands on something (anything) pass laws and regulate "for the good of the people" and are completely shocked that the crony-socialists on Wall Street and in the Senate have front-run the whole fucking deal and stuck YOU with the bill.

It doesn't matter if its "green energy" or "financial reform" or "affordable health care".

They're a fucking menace to society.

Wed, 03/19/2014 - 23:20 | 4570850 jeff montanye
jeff montanye's picture

lefties or righties.  it's the nature of the campaign contribution laws, imo.  

i'm not convinced the "righties" did a grand job with abortion, drug or gay sex regulation, as examples.  vietnam, iraq and afghanistan were initially the work of "righties" and not miracles of execution either.

both national parties in the u.s. are corrupt, probably beyond salvation.


Thu, 03/20/2014 - 03:35 | 4571416 OldPhart
OldPhart's picture

The only thing in your post that caught my attention was 'execution'.

All for it, let's line the politicians up.

Wed, 03/19/2014 - 17:25 | 4569576 Hayabusa
Hayabusa's picture

So the "affordable healthcare act is not affordable"... not surprised here.  It's almost as though the government is purposly trying to bankrupt everyone in preparation for the big financial reset button is hit - makes sense to me.  Mandate healthcare you know people can't afford, but label it affordable to fool them... and keep squeezing the sponge until every last bit of fiat can be extracted and once everyone is broke, hungry and angry hit the reset button tell them all "if you go along with OUR PLAN we will wipe the slate clean and start over"... it's a lot easier to procure compliance from those who have nothing left to lose with a new plan than it is with those who have a lot to lose when the reset button is hit.  Obamacare isn't about affordable healthcare for everyone, it's about paving the way for the NWO. 

Wed, 03/19/2014 - 17:39 | 4569626 f16hoser
f16hoser's picture

Affordable Care Act (ACH).... Now there's a Contridiction in Terms!!!

All you Dumb-Fucks that wanted free Health Care I hope your happy?


Wed, 03/19/2014 - 16:45 | 4569405 Beam Me Up Scotty
Beam Me Up Scotty's picture

Don't blame me.  I didn't vote for Obama and his shit policies.

Wed, 03/19/2014 - 17:14 | 4569541 DoChenRollingBearing
DoChenRollingBearing's picture

Me either, but more people here at ZH did than they are admitting..............................................

Wed, 03/19/2014 - 17:32 | 4569610 Husk-Erzulie
Husk-Erzulie's picture

If I knew that Zero would do such a good job... driving american youth to discover minarchism and anarchism, increasing gun ownership, and making lazy, self indulgent progressives feel like they just got lubed and raped by their dirty old uncle, I might have voted for him.  2 1/2 more years to hasten the end of Zio-Socialism in this country.  Keep golfing you ignorant, degenerate fuck.

Wed, 03/19/2014 - 19:46 | 4570020 Things that go bump
Things that go bump's picture

What makes you think this ends when a new resident of 1600 Pennsylvania Avenue is elected? Things are bad. They are getting worse and will continue to worsen no matter who gets the nod.

Wed, 03/19/2014 - 17:50 | 4569669 Hayabusa
Hayabusa's picture

You didn't have to vote for his policies... they were rammed through by executive order w/o anyone else's consent - over a thousand times now and counting.

Wed, 03/19/2014 - 16:47 | 4569413 drendebe10
drendebe10's picture

"If you like your insurance, you can keep your insurance."  

Wed, 03/19/2014 - 16:51 | 4569439 john39
john39's picture

if you like your debt slavery, you can keep your debt slavery.

Wed, 03/19/2014 - 17:15 | 4569545 DoChenRollingBearing
DoChenRollingBearing's picture

ONE of the above statements is true.  Guess!

Wed, 03/19/2014 - 18:24 | 4569765 nightshiftsucks
nightshiftsucks's picture

Or Obummer's favorite,if you like that dick up your ass you can keep that dick up your ass.

Wed, 03/19/2014 - 16:52 | 4569445 Berspankme
Berspankme's picture

Premium talk misses the entire issue. The issue in america iswhy does it cost $407,000 for heart surgery. Obamacare is an argument about who pays the bill.The problem is the bill itself. Fuck the entire healthcare/pharma and insurance industry

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