Personal health Insurance Huge Increases will affect Personal Finances

1. 87

   Stacie Lposted 13 years ago

   I was waiting for my health insurance renewal and it came; boy is it big!
   This is the largest increase since I have been as a self insured individual(10 years)and I'm so frustrated.
   The new health care and AFFORDABILITY bill is a joke...
   whats so affordable about it?
   
   I did try to get another quote for my state and was told because of my past health issues there wasn't any other...what?
   is that legal?why are states approving these large increases?
   with more people being required to buy you would think that the rates would lower or at least stabilize...
   
   I put this under personal finance category because the insurance is the biggest expense for me and millions of others..
   its what i call "bankruptcy insurance",not health insurance.
   ok I'm through venting, for now..

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   1. 72

      Cagsilposted 13 years agoin reply to this

      People wonder what is wrong in this country, yet fail to realize that the government cannot do much right in the first place, much less make anything affordable.

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2. 60

   knolyourselfposted 13 years ago

   The new health insurance law is nothing but mandated profits for the private profit health insurers.

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   1. 49

      fun1337posted 13 years agoin reply to this

      heh

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3. 94

   wildernessposted 13 years ago

   Well, it gave me more money to spend each month.  At least until I need care of any kind; the huge price increase (up 80+% this year) caused the company I work for to cancel all employee insurance (for which I paid 20% of the cost) so I'm up about $150 per month.
   
   It looks good in the check until I need a doctor or hospital...

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4. 0

   Nelle Hoxieposted 13 years ago

   My health insurance costs have stabilized under the Massachusetts program. It runs about $1,000/month per person, but can't be canceled if I get sick and it's really good and comprehensive. There are cheaper programs that start at about $475 a month/per person. I have at least six plans to choose from.
   
   Consider yourself lucky that you still are able to qualify for personal health insurance. Some states have only one provider for individual programs and they won't cover most people over 50 or anyone whose ever had a medical problem.
   
   Most states could care less about the individual health plan. Hey the private sector and market are best right?

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