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Thank You Obamacare - California Health Insurance Costs Spike Up To 88% In 2014
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.
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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Any state that keeps electing Nancy Pelosi, Dianne Feinstein & Barbara Boxer deserves whatever shit sandwich comes their way. Feel sorry for California, HELL NO!
If you like your regulation, you can keep your regulation. Californuts love shit sandwiches! The sun makes it taste like strawberries...
Reminder here: This was never "health care reform", it's only "insurance reform". Single payer is literally the only thing that works as insurance companies, by their very nature are nothing but parasitic middlemen. This whole endeavor is nothing more than a money funnel to the insurance companies which are part of the financial industry. The government literally requires you to pay money to private insurance companies just because you happen to be alive. Oh sure, fine, subsidies to help you pay if you're poor. Good for that. Unfortunately if you are poor enough to need subsidies, you are poor enough to not actually be able to afford the deductible, copays, etc. It's utterly useless "insurance".
Here's how my insurance works: No deductible, no copay, rather comprehensive it costs about $20 a month. Limited to public hospitals though. Then a similar private plan for in-patient care at private hospitals for about $200 a month... with the catch being that at certain benchmarks (10, 20, 30 years) I get back my unused premiums with interest and other perks.
No requirement to have private insurance, and hell, we actually basically never use it. We're just in it for the perks because they give free preventative care. Paying out of pocket actually makes more sense unless you need it more than once a year, but with the kid, we prefer the access without the crowds. That's GLOBAL coverage (sans US) mind you.
Not in the US though, nope, can't possibly just tell the vultures to fuck off, even though that's what was promised from the start, even though that's what everyone wanted. You see Lieberman said no, and using tricks to get it done would be wrong... even though they used the same fucking tricks to modify it later.
also, it's not actually insurance and the law didn't actually reform anything
How dare you say single payer! Every time I say it I get hundreds of down arrows and dozens of "dirty communist bastards" comments.
Mission Accomplished.
Anything for the FIRE economy.
Welcome to the new normal of "affordability". This is just to keep you in the hamster wheel running ever faster.
There's something fishy about this. I don't know what's been going on in California, but I do know about Minnesota.
We've had pretty intensive state regulation for health insurance for years. All providers have to be "non-profits," which is why United Health, one of the bigger providers, is headquartered here but doesn't sell coverage here. Coverage has had to provide "preventive care," "well-child" care, and some other stuff for a long time. When ObamaCare phased in, most of the available plans here didn't change much. We never had the super-cheap plans that don't really cover anything here. Maybe those are the ones that are skyrocketing in cost?
I've been buying my own coverage for over 10 years now. I didn't have any coverage until I was almost 30 (I'm 48 now), and I knew to the penny how much my previous employer-provided plans cost total; the amount I paid out of my check and the part my employer paid directly, as part of my total compensation. Many employees have no idea how much this shit costs, and has since I first became personally aware of it in the mid-80s.
When Minnesota opened up its state-run exchange, I checked it out. The plan I had was eligible to be "grandfathered in," but I thought I'd see. The same plan I had, in terms of deductible and coverages, was the same premium, but instead of 100% coverage (meaning, the deductible = Out Of Pocket maximum), they were either 60% or 80% plans, with much higher OOP. Also, chemical dependency coverage was no longer optional. So in effect, if you had a bad run of health, a $5000 deductible got you something like $7500 or $10,000 out of pocket; something like that. So the policy was more expensive in the way a smaller can of coffee at the same price is more expensive.
I'd note that in the past 10 years, I've had to change plans 3 times because my insurer discontinued the plan I was on. That actually hasn't happened since ObamaCare took effect.
Obviously, this whole thing isn't about Affordable Care or anything else other than a bailout for insurance companies, and a bail-in of policyholders. The health insurance and health provider industries have priced themselves out of the range of a critical mass of subscribers. Employers want out of paying for health insurance, thereby effectively cutting wages by 10% - 30%, and most employees won't notice it because they never paid attention in the first place, and then they'll get monkey-hammered when they have to pay for even the cheapest available plan.
I still hold to my theory that this will collapse spectacularly in a few years, once the insurance companies have lined their nests to their satisfaction. Then a Republican-led initiative will open up Medicare to everybody, and it will be amazingly popular. Nobody will see how that will really work, either.
Is he the same Davey Jones from the Monkeys?
Paying their fair share!!! Right Barack?
I want to watch as in the future as the Californicators eat each other to death! This will be great as the well to do will have their own insurance and stuff.
Hey, I'm a bit over 50, in perfect health, look 10 years younger - no fat - and my CA health insurance premiums went from $300.00 a month for BC HMO to $734.00 a month to BS EPO under Blobamascare. This fucking pisses me off to no end. It pisses off my doctor, too. I've had the same doctoe for a couple of decades and in order to keep her, I also had to change insurance companies as sutter Pacific no longer accepts BC. A jump of over 200%. Gee, thanks a fuckload mr. president.
But really your doctor is more interested in AMA-fellatio than you.
Yeah, so called "doctors..." good one.
So, it's gonna cost CA taxpayers 88% more in insure all the 1000's of f-ing illegals being shipped to you. that's a bitch.
Healthcare is ridiculously expensive because many people have convinced themselves of three things: The answers for good health outcomes rest with pills and procedures rather than good diet and exercise. Death at late stages of life is some strange, recent development in human history which justifies and necessitates extreme, exorbitant payouts to delay it for every possible last second. And last but not least, thinking that mixing all the myriad of "health care" transactions that result from the just mentioned concepts with health insurance as originally conceived to protect a person from unforeseeable, catastrophic events like an accident is a good idea. Just because we can does not mean we should, healthcare is like a tape worm ever ready and always wanting to grow larger. More on why healthcare is so expensive in the article below.
http://brucewilds.blogspot.com/2013/05/healthcare-going-forward.html
The collosal giveaways to Fascist-pharma and the shit sandwich american medical association just keeps on giving!
Did even one person receive care?!
If you want a good laugh. Walk into a doctors office and actually read the forms.
I did that. After reading the forms I went up to the receptionist and asked her what the cash rate for the services I desired were, she got indignant and told me that I had to fill out the forms and then she would tell me what my co-pay was. I laughed and told her that I would not be signing their litigation avoidance, privacy invasive garbage but I would be happy to pay for their services in cash provided I knew what their rate was.
She got very mad, called the practice manager who told me I had no choice, I laughed and politely refused and again asked what the cash rate would be, he got madder, I said it is obvious that this negotiation is going nowhere, thanked him for his time and left. He called me a "god damn terrorist" as I walked out of their office.
Fuck them. Funny as shit though.
The alleged "health care" system is beyond broken in the USA.
What happened after that?
He died due to lack of care.
I'm still living happily ever after! ROFL. Nothing significant related to the visit other than that was the last time I bothered the with the US medical system.
You have hit on the real soluton to the US healthcare system. Stay healthy, own your own health and do things to not have health issues. Catastrophic care, as much as you now can....
Eventually Healthcare will be exclusively obese WalMart cart drivers until it just collapses...
Just curious how many here have bought this shite.
Give me an up or down vote if you bought the fucking Kentan monkey shit, I dont care either way will just add add them together