(Un)affordable Care Act
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03-11-2015, 06:41 PM (This post was last modified: 03-11-2015 06:48 PM by GirlyMan.)
RE: (Un)affordable Care Act
(03-11-2015 12:48 PM)Lord Dark Helmet Wrote:  
(03-11-2015 12:22 PM)Thumpalumpacus Wrote:  So you're going without insurance then?

Wouldn't you be better off getting something for that money, rather than just forking it over?

I'd rather pay $2085 in tax than $7,000 for a plan that probably won't get used. That saves me $5,000.

If it was just me and Manly and we were healthy 30-somethings we might be tempted to do that as well. But we certainly would not risk it if we had 2 juveniles to take care of. But we all gotta do our own cost/benefit and risk analysis.

#sigh
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03-11-2015, 06:41 PM
RE: (Un)affordable Care Act
The ACA being put into place meant that our insurance premiums skyrocketed while coverage fell. We used to have some of the best employer subsidized insurance available. When I was dealing with cancer, we didn't even have a deductible. Since ACA we get way less for way more.

I am not impressed. Yeah, you can keep your coverage, just plan on it being worth a whole lot less. I tend to not get care when I really should because of the out-of-pocket expense and the apparent need for everything to be farmed out to specialists instead of getting basic treatment with the general practitioner.

We still have much better coverage than many and for that I am thankful...though worried about what surprises this year's open enrollment will bring. Undecided

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03-11-2015, 06:53 PM
RE: (Un)affordable Care Act
(03-11-2015 06:38 PM)GirlyMan Wrote:  
(03-11-2015 05:40 PM)BnW Wrote:  All we did was slap some lipstick on this pig and enrich the insurance companies. The ACA just made a bad situation worse.

Not sure I agree. More like we made a deal with the insurance companies that they will get a bigger market pool and they agreed to more regulation like we get basic minimum standards of care and they have to spend 80% of their gross on reimbursable expenses to hospitals and doctors. I got a check from Aetna for $4.86 because they didn't quite meet the 80%.

They agreed to a deal that added a few million paying customers, who had no choice but to consume this product, in return for some basic concessions that had minimal impact on them. Whatever additional costs they incurred were a pittance to all the increased revenues. Why do you think all their stock prices shot up immediately after the ACA was passed.

Further entrenching a 3rd party payor system was never going to reduce costs. We needed, at minimum, to take on fee for service and minimize the adminstrstive overhead and we didn't touch any of that.

My costs have also gone up while my service has decreased. I pretty much expected it, though.

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19-11-2015, 09:57 PM
RE: (Un)affordable Care Act
This is obscene. UHC said today they may have to drop out of the markets established by the ACC. They pay their VP's 5,000,000 + per year.

For profit health insurance should be banned by the states.

http://www.dailykos.com/story/2015/4/9/1...on-in-2010

Fukuck

Insufferable know-it-all.Einstein God has a plan for us. Please stop screwing it up with your prayers.
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20-11-2015, 06:44 AM
RE: (Un)affordable Care Act
(19-11-2015 09:57 PM)Bucky Ball Wrote:  This is obscene. UHC said today they may have to drop out of the markets established by the ACC. They pay their VP's 5,000,000 + per year.

For profit health insurance should be banned by the states.

http://www.dailykos.com/story/2015/4/9/1...on-in-2010

Fukuck

United Health is the largest health insurance company. If they leave the exchange, prices would jump even higher according to articles I read on other sites. Soon, there won't be any insurance companies willing to do business on the exchanges. A lot have already left. Some have gone out of business.

"Evil will always triumph over good, because good is dumb." - Lord Dark Helmet
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05-05-2016, 07:35 AM (This post was last modified: 05-05-2016 07:52 AM by Lord Dark Helmet.)
RE: (Un)affordable Care Act
A few updates.

United healthcare has decided after all to leave the exchanges. http://money.cnn.com/2016/04/19/investin...anges-aca/

Insurance companies that have presented the numbers for next year are saying they need an increase in premiums as high as 37%!!!! http://www.nbcnews.com/storyline/obamaca...ms-n564226

Can we just get rid of it already?

"Evil will always triumph over good, because good is dumb." - Lord Dark Helmet
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05-05-2016, 08:51 AM
RE: (Un)affordable Care Act
(05-05-2016 07:35 AM)Lord Dark Helmet Wrote:  A few updates.

United healthcare has decided after all to leave the exchanges. http://money.cnn.com/2016/04/19/investin...anges-aca/

Insurance companies that have presented the numbers for next year are saying they need an increase in premiums as high as 37%!!!! http://www.nbcnews.com/storyline/obamaca...ms-n564226

Can we just get rid of it already?

Those insurers are utterly lacking in credibility when it comes to costs and prices.

The ACA did not go far enough.
It should have been like the Swiss system where every insurance company has to offer a basic plan defined by regulation for a fixed price set by regulation.
They can offer whatever else they want on top of that.

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05-05-2016, 08:58 AM
RE: (Un)affordable Care Act
(05-05-2016 07:35 AM)Lord Dark Helmet Wrote:  A few updates.

United healthcare has decided after all to leave the exchanges. http://money.cnn.com/2016/04/19/investin...anges-aca/

Insurance companies that have presented the numbers for next year are saying they need an increase in premiums as high as 37%!!!! http://www.nbcnews.com/storyline/obamaca...ms-n564226

Can we just get rid of it already?

Maybe they (UHC) shouldn't pay their CEO $100,000,000 a year for a start.

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05-05-2016, 02:13 PM
RE: (Un)affordable Care Act
(05-05-2016 07:35 AM)Lord Dark Helmet Wrote:  A few updates.

United healthcare has decided after all to leave the exchanges. http://money.cnn.com/2016/04/19/investin...anges-aca/

Insurance companies that have presented the numbers for next year are saying they need an increase in premiums as high as 37%!!!! http://www.nbcnews.com/storyline/obamaca...ms-n564226

Can we just get rid of it already?

Lions and tigers and bears. Oh me, oh my. I guess the rest of the market will just have to absorb United Healthcare's massive 6% market exposure in the ACA. That's some scary shit right there.

#sigh
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05-05-2016, 09:03 PM
RE: (Un)affordable Care Act
(05-05-2016 08:51 AM)Chas Wrote:  
(05-05-2016 07:35 AM)Lord Dark Helmet Wrote:  A few updates.

United healthcare has decided after all to leave the exchanges. http://money.cnn.com/2016/04/19/investin...anges-aca/

Insurance companies that have presented the numbers for next year are saying they need an increase in premiums as high as 37%!!!! http://www.nbcnews.com/storyline/obamaca...ms-n564226

Can we just get rid of it already?

Those insurers are utterly lacking in credibility when it comes to costs and prices.

The ACA did not go far enough.
It should have been like the Swiss system where every insurance company has to offer a basic plan defined by regulation for a fixed price set by regulation.
They can offer whatever else they want on top of that.

Price ≠ Cost.

If you set the price below the cost and expect a for profit company to provide that service at that price, then the company will either go bankrupt or voluntarily withdraw from the market. We are witnessing the voluntary withdrawal by many insurers from the market. This is indicative of inherent flaws in the ACA. Having the government come in and fix the price to a lower amount will only speed along the demise of the marketplace.

So what are these inherent flaws? The law relies on people choosing to sign up in advance of getting sick, despite the penalty for lack of insurance costing only a fraction of the cost of the insurance itself. Insurers are finding that the ACA marketplace contains such a high percentage of the most expensive customers to insure that they cannot reasonably price their products or otherwise need to charge so much that they cannot find willing customers to pay those prices. The ACA was suppose to better spread the risk by using community rating risk pools, but instead, the entire pool has been pissed in, and no insurer wants to swim in that cesspool.
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