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Wed Mar 30, 2016, 01:03 PM

 

Obamacare premiums have been going up due to the medical costs of the previously uninsured

http://www.nytimes.com/2016/03/30/us/politics/newest-policyholders-under-health-law-are-sicker-and-costlier-to-insurers.html

People newly insured under the Affordable Care Act were sicker, used more medical care and had higher medical costs than those who already had coverage, the Blue Cross and Blue Shield Association said Tuesday in a new study of its policyholders.

Because insurers’ premiums have to cover their medical expenses, the new report helps explain why Blue Cross plans have sought, and insurance commissioners have approved, substantial rate increases in many states. Another round of rate review is about to begin, with insurers generally required to file rate requests for 2017 in the next two months.

New insurance policies are often more generous and comprehensive than individual policies sold before the health care law. The new policies must, for example, cover maternity care and mental health and substance abuse services.



Whether you think the uninsured should be covered, which is a normative question, why does anyone think that moving to a single payer system will be cheaper at the overall system level if you cover MORE people for MORE benefits with FEWER cost controls (deductibles, co-payments)?

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Reply Obamacare premiums have been going up due to the medical costs of the previously uninsured (Original post)
hill2016 Mar 2016 OP
dogman Mar 2016 #1
FBaggins Mar 2016 #2
Downwinder Mar 2016 #3
Skink Mar 2016 #4

Response to hill2016 (Original post)

Wed Mar 30, 2016, 01:08 PM

1. It's called profit.

What does the health insurance industry do for healthcare? They add their profit to the cost. The only cost control they provide is denying care and cutting payments to providers. Parasites are not a good thing for your health.

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Response to hill2016 (Original post)

Wed Mar 30, 2016, 01:10 PM

2. In answer to your question

We were told that medical costs would decline because waiting and going to the emergency room will always be more expensive than getting earlier treatment.

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Response to hill2016 (Original post)

Wed Mar 30, 2016, 01:20 PM

3. Does not explain why my Medigap

goes up $60.00 April 1st.

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Response to hill2016 (Original post)

Wed Mar 30, 2016, 02:14 PM

4. Greed

However I seem to be getting my money's worth for the extra 50 a month. I am paying 50 for the visit and not getting billed after like I was.

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