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Health care costs were falling before the new law??

  1. habee profile image91
    habeeposted 6 years ago
    1. Jim Hunter profile image60
      Jim Hunterposted 6 years ago in reply to this

      The one thing in the law that I hear is good is that people with preexisting conditions cannot be excluded from getting insurance.

      Democrats tout that and not much else.

      So my question is if I can say that in 10 words why is this thing 1,990 pages long?

  2. Evan G Rogers profile image81
    Evan G Rogersposted 6 years ago

    umm...

    I don't know if you read the title's of the charts...

    but the charts were clearly indicating that the percent change was still positive for each year.

    1. habee profile image91
      habeeposted 6 years ago in reply to this

      But it's been falling every year, especially in the private sector:

      "Last year, for example, private insurance spending climbed just 1.3 percent. Medicare spending, in contrast, climbed 7.9 percent."

      I think the pre-existing conditions part of the new law is great. My concerns are whether the government will be able to keep costs down.

      1. profile image60
        C.J. Wrightposted 6 years ago in reply to this

        The government, specifically this administration doesn't want cost to go down. If they did, they wouldn't have artificially increased demand by requiring all to buy insurance. Certainly forcing insurance companies to pay for pre-existing conditions is not going to reduce cost.

        1. John Holden profile image61
          John Holdenposted 6 years ago in reply to this

          Pre-existing! How can something exist before it exists?

          Of course insurance companies would never manipulate prices to prejudice people against Obama's moves on health care.

          1. profile image60
            C.J. Wrightposted 6 years ago in reply to this

            Don't be silly. You know exactly what that means. It means that the physical condition pre-dates or pre-exists the purchase of your current health care plan.

            1. John Holden profile image61
              John Holdenposted 6 years ago in reply to this

              You mean it exists before you buy your insurance smile

  3. Shadesbreath profile image89
    Shadesbreathposted 6 years ago

    Our rates went up roughly 30% three years ago, 60-ish% two years ago, 80% last year, and I believe we will be seeing another 40-60% in the next month or two for this year. I'm not sure how good people are at doing compounding in their heads, but it is astronomical what is going on.

    Nobody in their right mind is going to pay $2,000-$3000 a month for health care insurance for their family. (So we'll let the government pay for it, and we won't have to pay any premiums. Our taxes will go up by $15-$20k a year over the next few years, but hey, you won't be able to prove it was health care that caused it).

  4. Amanda Severn profile image92
    Amanda Severnposted 6 years ago

    Presumably Medicare/Medicaid are going up in line with higher levels of unemployment? If insurance companies are increasing their premiums it'll no doubt be to recoup their perceived losses from having to take on clients with pre-existing conditions. Oh and to cover the cost of all the lobbying they've been doing to try and prevent changes to the status quo.

    1. Jim Hunter profile image60
      Jim Hunterposted 6 years ago in reply to this

      How do you explain Blue Shield raising premiums by 59%

      They are a non-profit.

      It is going to cost more so they charge more.

      1. Doug Hughes profile image59
        Doug Hughesposted 6 years ago in reply to this

        Frankly, I'm astounded that Jim would suggest  Blue Shield is a non-profit.

        Anthem BCBS is a mega-company out for mega profit. Here's the profile information. Look it up under WPT - that's Wellpoint, who merged with Anthem Blue Cross. You will see Anthem and/or WellPoint in company releases.  In 2009 the company had gross profits of 18 million - sorry -18 BILLION dollars. Not revenue - PROFIT.

        Jim has touted his expertise in the medical field as a nurse practitioner. Perhaps he never had occasion to discover the financial end of medicine. Still, it's a hell of a mistake, assuming it was,  to say  BCBS is non- profit as a reply to rates getting jacked up 59%.

    2. Shadesbreath profile image89
      Shadesbreathposted 6 years ago in reply to this

      Yeah, they've made a total mess of health care with this bill. We're going to get raped by the insurance companies even harder for premiums and the government is going to end up raising taxes to cover all the free-riders. Hope it doesn't tank the economy for good this time. We'll all be speaking Chinese by 2050.

  5. Stacie L profile image87
    Stacie Lposted 6 years ago

    i have bcbs and waiting for my renewal; i am sure it will be higher!

    1. Druid Dude profile image60
      Druid Dudeposted 6 years ago in reply to this

      Existing before we existed worked well for us...or did it?...or did we? Oh, what the hell! They can have my health when they can pry it from my cold dead fingers. And they will...smile

  6. 2besure profile image83
    2besureposted 6 years ago

    I have thousands of dollars in medical debt, because I can not get coverage because of many pre-existing conditions.  Even though, I am paying on my debt, because I still have to go to the Dr every 3 months or whenever I have problems with asthma or I go to the emergency room;the debt never goes away.

  7. Doug Hughes profile image59
    Doug Hughesposted 6 years ago

    "This morning is the tale of two headlines. From the New York Times, Health Spending Rose in ’09, but at Low Rate, we learn that “total national health spending grew by 4 percent in 2009, the slowest rate of increase in 50 years.”

    From the Los Angeles Times, Blue Shield of California seeks rate hikes of as much as 59% for individuals, We find out that Blue Shield of California seeks massive rate hikes on individual policy holders because BSC claims the cost of health care has risen rapidly.

        Another big California health insurer has stunned individual policyholders with huge rate increases — this time it’s Blue Shield of California seeking cumulative hikes of as much as 59% for tens of thousands of customers March 1...

    These two articles just don’t add up; they’re completely at odds with each other..."

    from http://fdlaction.firedoglake.com/2011/0 … -spending/

  8. Amanda Severn profile image92
    Amanda Severnposted 6 years ago

    What a huge opportunity this mess presents for one of America's philanthropic billionaires to start a real not-for-profit medical insurance company.

    1. Aya Katz profile image88
      Aya Katzposted 6 years ago in reply to this

      Amanda, I think there is a huge misunderstanding about "not-for-profit" businesses. It does not mean, as you seem to imply, that there is cost-cutting involved in a non-profit, because the profits are cut out. Instead, it usually means that the business is involved in an endeavor in which there couldn't possibly be a profit, because the market does not have a demand for this service. In a non-profit, all the money tends to end up being spent on salaries, without a return for investors.

      1. John Holden profile image61
        John Holdenposted 6 years ago in reply to this

        No, a not for profit organisation is one that doesn't payout profits to shareholders but reinvests profits.
        Many not for profit organisations are extremely wealthy.

  9. BobbiRant profile image60
    BobbiRantposted 6 years ago

    Already the GOP is gunning to repeal the new health care.  Why?  I have not met a Republican representative who is Not owned by big insurance companies.

  10. Amanda Severn profile image92
    Amanda Severnposted 6 years ago

    The point is that any medical insurance company coming into your market offering affordable health-care coverage would surely have people queuing round the block to join. Once again I find myself extremely grateful to be here in the UK in this regard.

 
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