Thank You Obamacare - California Health Insurance Costs Spike Up To 88% In 2014

Tyler Durden's picture




 

If you like your disposable income... forget it. Health-care insurance premiums for individuals in California rose between 22% and 88% in 2014 from last year, even after the federal health-care overhaul. This has led, as Bloomberg reports, to Proposition 45 - a bill that would grant regulatory say on proposed premium increases. "Unless Proposition 45 is passed we are going to continue to see dramatic year-over-year increases," warned Insurance Commissioner Dave Jones.

 

As Bloomberg reports,

Insurance Commissioner Dave Jones said, a Democrat, is pushing a statewide ballot measure for November known as Proposition 45 that would give him regulatory say on proposed premium increases. The measure is opposed by insurance companies, which have said that it would actually cause rates to rise while harming the quality of care.

 

“Unless Proposition 45 is passed or some other law is enacted to provide health-insurance rate regulation and the requirement that health insurers and HMOs justify their rates, we are going to continue to see dramatic year-over-year increases,” Jones said in a telephone briefing with reporters.

 

The California health-care insurance exchange, called Covered California, is expected to announce its 2015 rates later this week. Jones said he expects those increases to be “modest at best” because insurance companies will want to avoid providing voters reason to approve Proposition 45.

 

The insurance commissioner is using this misleading report to promote a ballot measure that would give him vast new powers over health care decisions,” said Robin Swanson, a spokeswoman for the campaign against the initiative, Californians Against Higher Health Care Costs. “Our coalition of doctors, nurses, labor unions and health care providers opposing the measure thinks that giving one politician the power to override decisions made by the state’s successful health exchange is the wrong approach to controlling costs.”

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Seems like everything's going according to plan for Obamacare...

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Wed, 07/30/2014 - 19:49 | 5025058 TeamDepends
TeamDepends's picture

Bwahahahah!!! And it's called the Affordable Care Act!

Wed, 07/30/2014 - 19:52 | 5025066 nmewn
nmewn's picture

It is, all you have to be is a prisoner or on welfare and its absolutely frrrrreeeee!

Wed, 07/30/2014 - 19:56 | 5025092 kaiserhoff
kaiserhoff's picture

Damn.  That's gonna leave a mark.

How do I become an illegal alien?

Wed, 07/30/2014 - 19:57 | 5025103 Say What Again
Say What Again's picture

move to mexico

Wed, 07/30/2014 - 19:59 | 5025112 nmewn
nmewn's picture

;-)

Wed, 07/30/2014 - 20:12 | 5025162 TeamDepends
TeamDepends's picture

Folks, this is what happens when you let communists, who don't have a lick of business sense, run things.

Wed, 07/30/2014 - 20:20 | 5025178 LetThemEatRand
LetThemEatRand's picture

Not so sure about that.  The insurance companies and mega healthcare providers are making out like bandits.  http://finance.yahoo.com/echarts?s=UNH+Interactive#symbol=UNH;range=2y

They seem to have pretty good business sense, and they wrote the thing.  It's fascism.

Wed, 07/30/2014 - 20:27 | 5025236 Four chan
Four chan's picture

well all the ebola carriers are being allowed back into the us with zero i repeat zero tracking. fuck our government.

Wed, 07/30/2014 - 22:05 | 5025655 Relentless101
Relentless101's picture

NSA is up your ass for jaywalking. Yet people who are an actual health threat to society are freeeeeeeeee.

Wed, 07/30/2014 - 20:28 | 5025239 nmewn
nmewn's picture

Fascism is socialism is communism.

We've all been over this but I guess Gazprom "refined" communism a little better.

Shall we just say, power corrupts & top-down power corrupts absolutely? ;-)

Wed, 07/30/2014 - 20:38 | 5025272 LetThemEatRand
LetThemEatRand's picture

"power corrupts & top-down power corrupts absolutely"

We can certainly agree on that.  I think where you and I disagree is on the concept that top down power will cease to exist if we don't have a representative government that keeps the sociopaths (the ones who will ism all over your face regardless of which one you pick) in check.  I think it only gets worse if we free the sociopaths of all restraint, whereas you think it gets better.  The system is broken.  The cure is not contained in any fiction books.

Wed, 07/30/2014 - 20:57 | 5025351 nmewn
nmewn's picture

I think we disagree on many things Rand.

I told you before and I meant it, I'm here to burn "the system" to the ground. If a "majority" is going to use "the system" to force feed me shit and demand I like it, what did you ever expect the reaction of the minority would be?

The Rule of Law is not something to trifle with, you have always needed it more than I.

I just tolerate it, you need to understand that concept and appreciate the implications.

Wed, 07/30/2014 - 21:05 | 5025376 LetThemEatRand
LetThemEatRand's picture

So I guess what you're saying is that I need to watch my back for semi-colons containing an extra dash and an (ironic) smiley parenthesis.  Got it.

Wed, 07/30/2014 - 21:07 | 5025408 nmewn
nmewn's picture

No, what I'm saying is, when you are a part of imposing tyranny on a society don't be shocked when you get blowback.

Oh yeah, for you, huckleberry ;-)

Wed, 07/30/2014 - 21:11 | 5025423 LetThemEatRand
LetThemEatRand's picture

Your idea of liberty is to let the oligarchs run loose.  To me, that is the very definition of tyranny.  Now imagine lots of extra punctuation and bold letters to make my point.

Wed, 07/30/2014 - 21:28 | 5025500 nmewn
nmewn's picture

The oligarchs are running loose now, not tripping or even overly concerned about every prosecuter & regulator & law there is in the entire world, which fills vast "people funded" marbled buildings in capitols across the planet & volumes of supposed compliance on the bookshelves within.

You're idea, Rand, is funding more of the same.

Now, imagine if you weren't so fixated on an anonymous commenters punctuation & bolded letters how far ahead of the curve you would be ;-)

Wed, 07/30/2014 - 21:33 | 5025521 LetThemEatRand
LetThemEatRand's picture

Your idea is more of the same on steroids.  My idea is to go back to Constitutional government.

Wed, 07/30/2014 - 22:11 | 5025570 nmewn
nmewn's picture

The only respect I ever had for you is, you never willingly lied in the past.

Don't start now.

///////

Thanks ;-)

Thu, 07/31/2014 - 09:12 | 5026811 Hundred Dollar Bonus
Hundred Dollar Bonus's picture

The oligarchs control the state. The solution is to abolish the state. The oligarchs can run wild, but they will have nothing to monopolize without the state.

Thu, 07/31/2014 - 12:36 | 5027746 XitSam
XitSam's picture

Constitutional government is what got us in this mess. Why do you, or the people you nominate, support forcing other people to do your will?

Thu, 07/31/2014 - 08:17 | 5026617 CaptOveur
CaptOveur's picture

We need to beef up the oligarchy so they can protect us from oligarchs??? The D.C. suburbs dominate the list of wealthiest U.S. counties http://www.washingtonpost.com/blogs/govbeat/wp/2013/12/12/the-d-c-suburb...

Thu, 07/31/2014 - 05:58 | 5025941 Mr. Ed
Mr. Ed's picture

Tyranny schmerany!  The controlling issue here is not ideology, it's psychopathy.  The current psychopath strategy stands on two legs:  THIRD PARTY PAY and PURCHASE AT THE POINT OF A GUN (try to avoid the fine, you'll see the gun).  Sure, there's such a thing as ideology, but that ship sailed a long, long time ago.

Leg #1: THIRD PARTY PAY
Years ago, when company-provided health insurance began spreading, medical costs started rising sharply... and now, with Medicare, Medicaid, SS disability. etc, and government (the unlimate third party payer) involved, costs have reached the stratosphere.  If you're a care provider, drug manufacturer or device maker, you don't have to convice every single patient to pay through their nose!  All you have to do is bribe the 3rd party payer in some manner and hey...  your prices are completely unreasonable?  Not a problem!

Leg #2: PURCHASE AT THE POINT OF A GUN (the ACA)
With prices at nosebleed thanks to 3rd party pay, the ACA comes along and makes it impossible for citizens to push costs back down by voting with their feet (it's kinda like "Escape from East Germany" where you are liable to get "shot in the back" with a fine as you try to cross the barbed wire of regulation) ...we, the entire nation thank you, Justice "it's a tax" Roberts - you worthless piece of shit!!!

Nmewn, I often agree with your points of view, but I believe this is ultimately about psychopathic scheming.  If you can move something outside of the free marketplace, you create a red tape infested payment/cost structure that will facilitate the skimming and scheming of grifting psychopaths... and there are so many of them around (in congress, the courts, K-Street, etc.)  They're always ready to dress up in their best pretend do-gooder clothes and push for anything (like the ACA) that creates a wonderland for grifters.

What's happening in CA will happen everywhere. Price increases will probably parallel the number of psychopaths in a given venue.

Thu, 07/31/2014 - 01:07 | 5026220 Mr. Ed
Mr. Ed's picture

What is your definition of a psychopath?  Take a look at  Fishead.

Wed, 07/30/2014 - 20:37 | 5025278 TeamDepends
TeamDepends's picture

Thank you, brother. Communism and fascism are two sides of the same coin. And that coin is tyranny. But it can not be denied that the current flotsam in the White House are card-carrying red diaper babies.

Wed, 07/30/2014 - 20:48 | 5025301 LetThemEatRand
LetThemEatRand's picture

They are two sides of the same coin because of the guys who take over in any system that does not have adequate checks and balances.  Pure free market capitalism is also an ism, and it will also be taken over by the same guys.  When we ignore that part of the equation, we can conveniently blur all distinctions between different isms and suggest a new one to fix everything.  It all looks great on paper.  Keep in mind that if Obama were a communist, he would own the health care companies.  But the opposite is true.  It's only the same result because its the same guys who are running things.  Let's not put them in charge officially by reading Rand too literally.

Wed, 07/30/2014 - 21:05 | 5025390 nmewn
nmewn's picture

"Keep in mind that if Obama were a communist, he would own the health care companies.  But the opposite is true."

Is it?

Are they not regulated?

Wed, 07/30/2014 - 21:07 | 5025396 LetThemEatRand
LetThemEatRand's picture

Even if you want to ignore who the regulators are as pointed out by ZH over and over and over, who authored the majority of the bill?  Follow the money.

Wed, 07/30/2014 - 21:33 | 5025519 nmewn
nmewn's picture

You know the thing about authorship?

Its about who signed off on it to make it LAW!!!

Sorry for the bold & the smiley, I really can't help myself at this point, you're too easy ;-)

Wed, 07/30/2014 - 21:34 | 5025527 LetThemEatRand
LetThemEatRand's picture

Yes, let's blame the guys who were bribed instead of the ones doing the bribing.  Good solution.

Wed, 07/30/2014 - 21:56 | 5025622 nmewn
nmewn's picture

"Yes, let's blame the guys who were bribed instead of the ones doing the bribing.  Good solution."

Lets just let that sit there for a second...

////////

Thats quite an indictment on ism's & democrats.

Are you saying Pelosi is a guy, Ben Nelson is a crook or O'Barry is both? ;-)

Thu, 07/31/2014 - 00:48 | 5026201 NihilistZero
NihilistZero's picture

Nmewn and Rand, I love you both!  Random as the system exists are support your views in quite a few ways in that the uninformed masses who suffer under the oligarchy could use the relief.  The people don't comprehend how the Oligarchy is fucking them. 

 

That said, I'm with Nmewn for the Anarchist uprising.  Destroy this motherfucker. Unlike crashisoptimistic I think we can survive a transition from fossil fuel energy if we had a truly free society.  I think there's little we can't accomplish as a species. 

 

Anyway, Love reading your both.  Hope we all live to see better days for freedom and our families.  Take care brothers. 

Thu, 07/31/2014 - 05:10 | 5026425 hobopants
hobopants's picture

Two smart guys bickering over dogma...

Anarchy is liberty for the optimist, the American constitution is liberty for the pessimist. They are both viable options and much better than what we have now. I enjoy what both of you contribute around here, but why you would waste energy antagonizing each other, when an honest debate would benefit everyone involved?

 

Thu, 07/31/2014 - 12:40 | 5027754 XitSam
XitSam's picture

Checks and balances? Are you joking? When each group doing the checking conspire to increase their power (tyranny) over the serfs?

Thu, 07/31/2014 - 02:29 | 5026336 A Nanny Moose
A Nanny Moose's picture

Fascism and Communism are just slightly differing brands of Socialism. The State is the source of the socialist entity known as The Corporation. The State simply exists to benefit the current oligarchy holding the reigns of the monopoly on force.

Wed, 07/30/2014 - 20:02 | 5025124 kaiserhoff
kaiserhoff's picture

Muchas Gracias Amigo.

Wed, 07/30/2014 - 20:05 | 5025136 Say What Again
Say What Again's picture

Creo que todo el mundo acepta que esta es una propuesta en la que llevamos trabajando mucho tiempo.

Wed, 07/30/2014 - 20:08 | 5025150 kaiserhoff
kaiserhoff's picture

Diez passorts para todos y un pollo en una olla everty.

Wed, 07/30/2014 - 20:13 | 5025171 Say What Again
Say What Again's picture

y una escalera para saltar la valla

Wed, 07/30/2014 - 20:22 | 5025212 kaiserhoff
kaiserhoff's picture

No thanks.  I'm a pretty good swimmer;)

Wed, 07/30/2014 - 20:26 | 5025229 Say What Again
Say What Again's picture

Perfecto!

Thu, 07/31/2014 - 01:46 | 5026292 401K of Dooom
401K of Dooom's picture

Simple,do not carry any form of identification on you and imitate an accent.  Then say "no speakee engleee"  and that should set you up for life!

Wed, 07/30/2014 - 20:16 | 5025184 Groundhog Day
Groundhog Day's picture

my parents used to be able to pay cash for all doctor visits and just buy a catastrophe policy in case of a hospital stay (10000 max out of pocket which they were completely fine with).  Obamacare got rid of those policies.  Fuckin scumbag insurance companies wont stop until they squeeze every last penny out of the corpse

Wed, 07/30/2014 - 19:52 | 5025074 El Vaquero
El Vaquero's picture

I know, right?  I knew this was going to be a clusterfuck as soon as I saw that the bill had thousands of pages and was sponsered by the government. 

Wed, 07/30/2014 - 20:16 | 5025163 hobopants
hobopants's picture

That and nobody bothered to read the fucker in its entirety, not even the people who wrote it (and especially not the idiots who passed it).

Wed, 07/30/2014 - 20:00 | 5025122 McMolotov
McMolotov's picture

Generally speaking, one can usually read the name of a bill and assume its deliberate intent or unintended consequence to be the polar opposite, as with the "Patriot" Act.

They should just start putting sarcastic quotes around everything that gets passed.

Wed, 07/30/2014 - 20:03 | 5025132 El Vaquero
El Vaquero's picture

That sounds like a wonderful idea. Too bad people are morons and wouldn't get it.

Wed, 07/30/2014 - 20:35 | 5025148 californiagirl
californiagirl's picture

I wouldn't be surprised if the California government and the Obama administration are secretly pleased about the huge increase in rates. As private health insurance becomes less and less affordable, more and more businesses will be forced to drop their plans and the employees will have to go on the health exchange.

Wed, 07/30/2014 - 20:13 | 5025169 williambanzai7
williambanzai7's picture

Wed, 07/30/2014 - 20:30 | 5025246 f16hoser
f16hoser's picture

They voted for change. What's the problem???

Wed, 07/30/2014 - 19:49 | 5025059 Say What Again
Say What Again's picture

Gotta love a "Free Market Environment"

This is more like a "Captive Consumer"

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