The Current State Of ObamaCare - ACA

[unic.consulting]

If we were all paying more for the uninsured before Obamacare, whey did the insurance rates go up to cover this in a cheaper way as you try so desperately to describe? On top of higher premiums, we are also paying new and higher taxes. Where does this start to get cheaper for those of us not getting subsidized?

IMHO, prices will go down once some of the insurance companies that pulled out in a panic reenter the marketplace. Whether they were waiting for the really sick to be snatched up by other plans, or just wanted to wait for things to smooth out, more competition is going to lower premiums. They will never get as low as they were before, but that would not happen anyway.

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That doesn't mean it can't be fixed.

Amen to that

 

[AllenChicago]

The proposals being floated for lowering the cost of Insurance seem to have no teeth. Buying across state lines, limiting lawsuits, allowing higher deductible Copper plans.

ObamaCare mandates, taxes and fees on insurers are causing health insurance premiums to skyrocket, but it's American's desire to avoid pain and even nominally bad health at any cost that is the primary driver of escalating MEDICAL costs, IMO.

Maybe these higher deductible ObamaCare plans will reduce medical costs by causing more people to avoid seeing the doctor as quickly and to shop around. (My HSA clients are diligent with this practice) When large groups start transitioning to the higher-deductible ObamaCare policies, the pressure to lower medical prices will increase even more.

 

[Quotebroker]

This is a market and I believe in free markets. I also believe there will be a market solution to this problem.

This is anything but a free market, but given the overwhelming regulation in place I'm curious on your take as to why you think it is.

 

[Yagents]

Aetna came out with earnings today, and showed big earnings/revenue gains.
But the marketplace enrollees showed A LOSS on the books.
Just saw interview on CNBC with CEO:

600k enrolled, 500k paid
Age of enrollees higher than what they priced the plans for.
Rates for 15' are estimated to be 3-15% higher depending on rating area.

Aetna raises outlook after strong quarterly growth - The Wall Street Journal - MarketWatch

The insurer in February said it expects to lose money on its business in the Affordable Care Act marketplaces this year, with the demographics of enrollees skewing slightly more than expected toward people likely to rack up higher costs. Still, the company noted that individual insurance represents a small part of operating revenue

 

[timsip]

Aetna came out with earnings today, and showed big earnings/revenue gains.
But the marketplace enrollees showed A LOSS on the books.
Just saw interview on CNBC with CEO:

600k enrolled, 500k paid
Age of enrollees higher than what they priced the plans for.
Rates for 15' are estimated to be 3-15% higher depending on rating area.

Aetna raises outlook after strong quarterly growth - The Wall Street Journal - MarketWatch

The insurer in February said it expects to lose money on its business in the Affordable Care Act marketplaces this year, with the demographics of enrollees skewing slightly more than expected toward people likely to rack up higher costs. Still, the company noted that individual insurance represents a small part of operating revenue

That and it's only April. How many insureds have already maxed out their deductible already? How many claims have made it through processing and checks been cut by Aetna? America is too quick to point to the winning and losing points already. Let's give it a year and see what the MLR ends up being.

 

[unic.consulting]

Aetna came out with earnings today, and showed big earnings/revenue gains.
But the marketplace enrollees showed A LOSS on the books.
Just saw interview on CNBC with CEO:

600k enrolled, 500k paid
Age of enrollees higher than what they priced the plans for.
Rates for 15' are estimated to be 3-15% higher depending on rating area.

Aetna raises outlook after strong quarterly growth - The Wall Street Journal - MarketWatch

The insurer in February said it expects to lose money on its business in the Affordable Care Act marketplaces this year, with the demographics of enrollees skewing slightly more than expected toward people likely to rack up higher costs. Still, the company noted that individual insurance represents a small part of operating revenue

Ah, but they'll make more money off of them

 

[Yagents]

Ah, but they'll make more money off of them

What part of loss don't you understand? And why the hell did you link to a medicare article from Sept?

 

[houcoogster]

Aetna came out with earnings today, and showed big earnings/revenue gains.
But the marketplace enrollees showed A LOSS on the books.
Just saw interview on CNBC with CEO:

600k enrolled, 500k paid
Age of enrollees higher than what they priced the plans for.
Rates for 15' are estimated to be 3-15% higher depending on rating area.

Aetna raises outlook after strong quarterly growth - The Wall Street Journal - MarketWatch

The insurer in February said it expects to lose money on its business in the Affordable Care Act marketplaces this year, with the demographics of enrollees skewing slightly more than expected toward people likely to rack up higher costs. Still, the company noted that individual insurance represents a small part of operating revenue

Isn't he kinda jumping the gun here? The surge of last minute enrollees are younger and their premiums aren't due until May 1.

But even if that is the final number of paid its still 85% paid so far...not bad.

 

[RayNY]

How long until the "Insurers report double digit profit increases under Obamacare!" headlines pop up?

Or the inevitable "Major insurer confirms HHS's estimate of 3% premium increases for 2015!"

 

[unic.consulting]

What part of loss don't you understand? And why the hell did you link to a medicare article from Sept?

I apologize. This is the link I meant to post.