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Thread: Obamacare Premiums Up 30% In TX, MS, KS; 50% In IL, AZ, PA; 93% In NM: When Does The Death Spi

  1. #1

    Obamacare Premiums Up 30% In TX, MS, KS; 50% In IL, AZ, PA; 93% In NM: When Does The Death Spi

    by Tyler Durden
    Oct 21, 2016 8:05 AM

    Submitted by Michael Shedlock via MishTalk.com,

    Obamacare premiums are skyrocketing out of sight. A jump of a mere 30% looks like a good deal compared to jumps of over 50% in six states, and 93% in New Mexico.

    Congratulations are in order for those living in a handful of states whose premiums only rose 20%.

    The Wall Street Journal reports Rate Increases for Health Plans Pose Serious Test for Obama’s Signature Law.

    Finalized rates for big health insurance plans around the country show the magnitude of the challenge facing the Obama administration as it seeks to stabilize the insurance market under the Affordable Care Act in its remaining weeks in office.

    “The situation is serious,” said Alissa Fox, senior vice president of the Office of Policy and Representation for the Blue Cross Blue Shield Association. “The reason the premiums are where they are is that the people we are covering have serious conditions and they’re using a lot of medical services because of their chronic illnesses. That’s clear. And there’s not enough young, healthy people to balance out those costs.”

    In Minnesota, for example, Blue Cross Blue Shield is pulling its preferred provider organization plans from the state’s online exchange, MNSure, and the narrow network product has been approved for an average rate increase of 55%.

    Democratic Gov. Mark Dayton told local reporters that the law is “become unaffordable for many Minnesotans, a growing number with these rate hikes” and that federal and state action is necessary.

    House Speaker Paul Ryan, a Wisconsin Republican, has gone further and said the insurance markets are already in a “death spiral,’” and that “we’re going to have to change this thing.”

    The danger for insurers and supporters of the law now is that high prices and limited choices further deter low-risk people from signing up, and that the increases continue and become irreversible.

    Approved Hikes
    Approved Hikes Just Under 20%: Colorado, Florida and Idaho
    Approved Hikes 20% to 29%: Connecticut, Georgia, Indiana, Kentucky, Maine, Maryland
    Approved Hikes 30% to 49%: Alabama, Delaware, Hawaii, Kansas, Mississippi, Texas
    Approved Hikes 50% to 92%: Arizona, Illinois, Montana, Oklahoma, Pennsylvania, Tennessee
    Approved hikes 93%: New Mexico
    Just a Transition



    President Obama calls this a “transition” because insurers aggressively priced too low to get healthy people to sign up.

    It’s a transition all right, to hell, for those watching rates skyrocket.

    Meanwhile, young and healthy millennials have decided it is ridiculous to overpay for healthcare with $5,000 deductibles to support chronically ill smokers with cancer.

    Obvious Death Spiral
    I have been writing about the Obamacare death spiral since the legislation first passed. Some are now just catching on.

    Please consider Now, Even Democrats Can see the ObamaCare Death Spiral.

    Another day, another Democrat finally owning up to the fact that ObamaCare is a disaster. And another state facing the implosion of its health insurance market.

    Minnesota Gov. Mark Dayton — once one of the Affordable Care Act’s most enthusiastic champions — is the latest Democrat to publicly eat crow for that support.

    With good reason: Tens of thousands of Minnesotans are losing their coverage next year. And premiums on individual plans — which enroll 250,000 North Star State residents — will rise an average 50 percent to 67 percent.

    “The reality is the Affordable Care Act is no longer affordable for increasing numbers of people,” Dayton admitted last week, calling the situation in his state “an emergency.”

    This just a week after former President Bill Clinton blasted ObamaCare as “the craziest thing in the world,” adding that “it doesn’t make sense.”

    An S&P Global Ratings forecast warns that, for the first time since ObamaCare got rolling, participation in the program will actually shrink by up to 8 percent.

    Ever-higher premiums are keeping younger, healthier Americans — the ones whose premiums were supposed to subsidize insurance for everyone else — away in droves.

    And what President Obama intended as his signature domestic achievement is well on the way to becoming his biggest failure.

    Obamacare About to Collapse
    Rep. Michael Burgess M.D., Rep. Tom Price M.D., and Rep. Phil Roe M.D., all doctors, say ObamaCare is About to Collapse.

    ObamaCare is collapsing. Its utter failures become more obvious by the day.

    We all remember the promises of ObamaCare, chief among them that the “Affordable Care Act” would lower health care costs. The opposite has occurred.

    In his 2008 campaign for president, then-candidate Sen. Barack Obama repeatedly promised to cut annual health insurance premiums by $2,500. When he took office in 2009, annual family premiums for employer-provided coverage, the most common of private insurance coverage, cost $13,375 according to Kaiser. In 2016, those premiums are $18,142. That’s an increase of $4,767.

    Back in 2010 just before ObamaCare became law, President Obama’s Department of Health and Human Services forecast there would be 24.8 million individuals in the exchanges by 2016. The actual figure at the end of 2016 according to Avalere Health will be 10.1 million.

    Not only are premiums skyrocketing, but individuals are also left with fewer choices in the ObamaCare exchanges.

    The dwindling number of ObamaCare supporters repeatedly point to the fact that 20 million more Americans have coverage now than before ObamaCare.

    The vast majority of those 20 million, however, have been dropped into a failing Medicaid program. Patients under our broken Medicaid system struggle to find doctors who see Medicaid patients.

    It is a top-down system that has Washington dictating terms to the states that ignore the diverse needs of communities across this country. That is not a recipe for success, and studies have shown that Medicaid’s impact on the health status of enrollees is negligible.

    Regardless, 31 states expanded their Medicaid programs under Obamacare. However, it is not going as promised. According to Dr. Brian Blase at the Mercatus Center, there are 50 percent more enrollees at a cost of 50 percent more per person than originally projected. These massive, unanticipated costs will only become more unaffordable in the coming years.

    Those governors and state legislatures that rejected the Medicaid expansion have been vindicated.

    Hillary Clinton’s solution is to double down on ObamaCare with more government involvement in health care. She believes the fundamentals of the law are sound and it simply needs more taxpayer subsidies.

    Her other scheme is to add a so-called “public option” plan even though we’ve already seen the disastrous ObamaCare co-op experience – the original compromise to a public option in the ACA.

    Finally, as if ObamaCare’s total collapse is not imminent enough, Clinton also wants to add illegal immigrants to ObamaCare at the same time that America’s veterans aren’t getting the care they deserve.

    One column is not nearly enough space to chronicle all of ObamaCare’s failures. Additional dishonorable mentions include the president’s illegal bailouts of big health insurance companies, as well as a finding by the Government Accountability Office that 100 percent of their investigators with fake documents were able to fraudulently enroll in ObamaCare.

    You can’t make this stuff up.

    Related Articles

    April 15, 2016: Obamacare Death Spiral: Insurers to Drop Plans Unless Premiums Rocket, “Something’s Got to Give”

    April 20, 2016: United Health Will Dump Obamacare Offerings in 29 of 34 States: Death of Obamacare?

    May 17, 2016: As Insurance Losses Mount So Do Refusals: “Sorry, We Don’t Take Obamacare”

    June 29, 2016: Health Care Costs Rising Sharply (And It Will Get Worse)

    September 8, 2016: Record 29% Say Obamacare Hurt Their Finances; Overall Only 44% Positive on ACA

    September 14, 2016: 17th Obamacare Co-Op Exits Due to “Hazardous Financial Condition”, Only 6 Left

    Anyone who did not see this coming is blind.

    http://www.zerohedge.com/news/2016-1...th-spiral-blow
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


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  3. #2

  4. #3
    And of course the answer to the chaos created will be commiecare. Just don't die during the 3 month wait time to see Dr. Lexus.

    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  5. #4
    I just refinanced my home. Now my health insurance is my biggest monthly expense. Sad.

    Back before the government "fixed it" in the 1950s I think it was probably around the 5-7th biggest expense.

  6. #5
    Quote Originally Posted by devil21 View Post
    And of course the answer to the chaos created will be commiecare. Just don't die during the 3 month wait time to see Dr. Lexus.
    Assuming Hillary wins my guess is she'll introduce a "public option". And then we'll get to hear the moronic argument that if you really support "competition" why are you afraid of a "public option"?

  7. #6
    Quote Originally Posted by Madison320 View Post
    Assuming Hillary wins my guess is she'll introduce a "public option". And then we'll get to hear the moronic argument that if you really support "competition" why are you afraid of a "public option"?
    Yeuup. This all leads to universal health care. In other words - the government responsible for the health of the people. (Or at least the poor suckers that can't afford the black market)

    And since both major candidates support this idea, we're screwed either way.
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  8. #7
    "If you like your premium increases, you can keep your premium increases"

  9. #8
    Quote Originally Posted by CaptUSA View Post
    Yeuup. This all leads to universal health care. In other words - the government responsible for the health of the people. (Or at least the poor suckers that can't afford the black market)

    And since both major candidates support this idea, we're screwed either way.
    It's going to mess me up because I'd rather die than wait in a waiting room. I go insane waiting in lines. Hopefully I won't get sick ...



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  11. #9
    I can pretty much guarantee THIS by itself will cause the next recession. Oh, wait, it is already HERE. Now we just need to wait a bit for the MSM to catch on, may report on it after the election, that is, if WWIII doesnt start first.
    1776 > 1984

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    Our central bank is not privately owned.

  12. #10
    I have only spoken to one person in my area that got a notice . It was actually a 100 percent increase from 450 to 900 per month .
    Do something Danke

  13. #11
    According to the guy who created it, all is well, except for that small segment that must be punished more harshly to bring into compliance.

    Freedom.

    http://www.nytimes.com/2016/10/27/us...penalties.html

    One fellow was listed in there as paying $1400 a month for family of four, and that premium, in GA was set to increase.

    How the $#@! can a middle class family afford to pay $2000 or more month for insurance?

  14. #12
    Madame President will sign single payer government insurance.

    Thus getting her wish from over 20 years ago.

    And then you'll really be $#@!ed.

    And nobody will care, nothing will happen, and Boobus will go right on drooling stupidly.

  15. #13
    Quote Originally Posted by Anti Federalist View Post
    Madame President will sign single payer government insurance.

    Thus getting her wish from over 20 years ago.

    And then you'll really be $#@!ed.

    And nobody will care, nothing will happen, and Boobus will go right on drooling stupidly.
    My taxes pay for indoctrination schools and immigrant benefits. I still have enough left over for ammunition.
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

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    The Federalist Papers, No. 15:

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  16. #14
    Quote Originally Posted by Danke View Post
    My taxes pay for indoctrination schools and immigrant benefits. I still have enough left over for ammunition.
    Ammunition is more important than taxes
    Do something Danke

  17. #15
    Quote Originally Posted by CaptUSA View Post
    Yeuup. This all leads to universal health care. In other words - the government responsible for the health of the people. (Or at least the poor suckers that can't afford the black market)

    And since both major candidates support this idea, we're screwed either way.
    There will, of course, be a new mandatory payroll tax enacted to "pay" for it.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book

  18. #16
    Quote Originally Posted by oyarde View Post
    Ammunition is more important than taxes
    Especially when near a reservation.
    Pfizer Macht Frei!

    Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.


    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.



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  20. #17
    Quote Originally Posted by devil21 View Post
    There will, of course, be a new mandatory payroll tax enacted to "pay" for it.
    "Paying" for it is a minor detail. They'll just print more money or borrow more from ourselves if they don't raise taxes. Funding is never an impediment.
    "And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty; for liberty is an acknowledgment of faith in God and His works." - Bastiat

    "It is difficult to free fools from the chains they revere." - Voltaire

  21. #18
    Quote Originally Posted by Anti Federalist View Post
    How the $#@! can a middle class family afford to pay $2000 or more month for insurance?
    They can't, of course. And so ...

    Quote Originally Posted by Anti Federalist View Post
    Madame President will sign single payer government insurance.
    Checkmate. Game over.

    You might want to stock up on toenail clippers ...
    The Bastiat Collection · FREE PDF · FREE EPUB · PAPER
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    • "When law and morality are in contradiction to each other, the citizen finds himself in the cruel alternative of either losing his moral sense, or of losing his respect for the law."
      -- The Law (p. 54)
    • "Government is that great fiction, through which everybody endeavors to live at the expense of everybody else."
      -- Government (p. 99)
    • "[W]ar is always begun in the interest of the few, and at the expense of the many."
      -- Economic Sophisms - Second Series (p. 312)
    • "There are two principles that can never be reconciled - Liberty and Constraint."
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  22. #19
    Quote Originally Posted by Anti Federalist View Post
    According to the guy who created it, all is well, except for that small segment that must be punished more harshly to bring into compliance.

    Freedom.

    http://www.nytimes.com/2016/10/27/us...penalties.html

    One fellow was listed in there as paying $1400 a month for family of four, and that premium, in GA was set to increase.

    How the $#@! can a middle class family afford to pay $2000 or more month for insurance?
    Diversity mutherfucker, diversity...

    Coming to a town near you next year.






  23. #20
    Quote Originally Posted by Anti Federalist View Post
    According to the guy who created it, all is well, except for that small segment that must be punished more harshly to bring into compliance.

    Freedom.

    http://www.nytimes.com/2016/10/27/us...penalties.html

    One fellow was listed in there as paying $1400 a month for family of four, and that premium, in GA was set to increase.

    How the $#@! can a middle class family afford to pay $2000 or more month for insurance?
    My best friend that lives in Delaware 55 years old and does not have employer health insurance. He is looking a $2000/mo premiums for him and his wife. This is not a high income household. This will be his biggest expense. Obamacare especially screws older middle class people.

  24. #21
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    ...republican cheerleaders have exposed themselves as goddamned fools as they lay the blame on 'the democrats'...

    ...'health care' was screwed looooooooong before obomba...occupational licensure, etc. ad nauseam, has long-guaranteed that government-approved 'doctors' and the other 'providers' have little/no honest competition...making them 'price makers' to the consumers' role as 'price takers'...people whine about 'single payer'...but NEVER about 'single [government licensed] provider' which makes 'single payer' practically inevitable in our 'democracy'...[think about it]

    ...many republicans/conservatives will whine about 'unions' and 'rent-seeking'...but not a peep about the HUGE, POWERFUL 'medical union'...[it appears that unless something is discussed on talk radio, republicans/conservatives are oblivious]
    ...but other than the late milton friedman [who i don't believe ever ran for public office] the stinking rotten republicans are as much to blame as the stinking rotten democrats...chronic republicrat disease....

    ...and stinking hillary and the stinking democrats aren't going to make it better...and neither will stinking trump or any of the stinking republicans....

    ...republicrats. suck. always......
    Last edited by H. E. Panqui; 10-27-2016 at 08:40 AM.

  25. #22
    Quote Originally Posted by H. E. Panqui View Post
    'health care' was screwed looooooooong before obomba...occupational licensure, etc. ad nauseam
    ^^^THIS

    the problem is not "obamacare"

    the problem is:

    FDA Drug Approval
    Licensing Doctors and Pharmacists
    Patenting Recipes
    Accrediting Education
    Care Mandates
    Insurance Mandates

    All of these illegitimate ENTITLEMENTS create economically artificial supply shortage.

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...


  26. #23
    Quote Originally Posted by presence View Post
    ^^^THIS

    the problem is not "obamacare"

    the problem is:

    FDA Drug Approval
    Licensing Doctors and Pharmacists
    Patenting Recipes
    Accrediting Education
    Care Mandates
    Insurance Mandates

    All of these illegitimate ENTITLEMENTS create economically artificial supply shortage.
    I agree 100%. Don't forget Medicare and a bunch of other government induced problems.

    I'd like to see more emphasis placed on the cost of health care BEFORE the government got involved. You could get health insurance for something like $50 ... A YEAR!!! back in the 1950s. And even back then they had government tax deductions for employers, imagine if it was totally free market.

  27. #24



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  29. #25
    Quote Originally Posted by Danke View Post
    Especially when near a reservation.
    For You , I can probably arrange an OyardeCare plan .
    Do something Danke

  30. #26
    Obamacare helps walmart workers and is a direct attack on the self employed segment of the middle class. I had insurance before obamacare, and even in 2015, but then they wanted to bump it like 50 percent after obamacare already caused my other policy to be cancelled and the nearest alternative was like a 100 more a month for $#@!all more. So, I'm just not going to have insurance, if I get cancer a leap off the overpass will cure it, as long as the welfare queens and checkout clerks get charged 20.00 a month for better subsidized insurance that is all that matters. My life for the state!

    If I actually purchased insurance it would be my largest bill. WTF... and that is with a 5000.00 deductible. I $#@!ing HATE Obama and all liberals.
    Last edited by RonPaulIsGreat; 11-04-2016 at 08:46 PM.

  31. #27
    You don't have to participate in the exchange. Obamacare's only effect on you would be the mandate...you can still get insurance outside of the exchanges, although I think you give up on certain guarantees (which, of course, make the plans more expensive).

  32. #28
    Quote Originally Posted by RonPaulIsGreat View Post
    Obamacare helps walmart workers and is a direct attack on the self employed segment of the middle class. I had insurance before obamacare, and even in 2015, but then they wanted to bump it like 50 percent after obamacare already caused my other policy to be cancelled and the nearest alternative was like a 100 more a month for $#@!all more. So, I'm just not going to have insurance, if I get cancer a leap off the overpass will cure it, as long as the welfare queens and checkout clerks get charged 20.00 a month for better subsidized insurance that is all that matters. My life for the state!

    If I actually purchased insurance it would be my largest bill. WTF... and that is with a 5000.00 deductible. I $#@!ing HATE Obama and all liberals.
    It would be the largest bill for most people .
    Do something Danke

  33. #29
    Quote Originally Posted by Dr.No. View Post
    You don't have to participate in the exchange. Obamacare's only effect on you would be the mandate...you can still get insurance outside of the exchanges, although I think you give up on certain guarantees (which, of course, make the plans more expensive).
    Where are these mythical non obamacare effected plans. I just went to Blue Cross Blue Shield's website, and all of them are 3 times or more the cost than I was paying 3 years ago with BLUE CROSS BLUE SHIELD.

    Point is what freaking difference does it make if it's outside of the goobermint exchanges, all the policies skyrocketed, everywhere. Again fook Obama, and all liberals, and all those pro state straight to the fooking lowest pit of hell.

    edited to also add, this retarded censoring of curse words on here is pathetic.
    Last edited by RonPaulIsGreat; 11-04-2016 at 09:55 PM.



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