New Yorkers to see 50% drop in health insurance costs in Obamacare exchange

Actually, you can fix it yourself in your state.

Rate Review​

The Affordable Care Act creates a Rate Review program in your state to help protect individuals and small businesses from unreasonable health insurance rate increases. Starting on September 1, 2011, health insurers must justify any rate increase of 10% or more before the increase takes effect.

What This Means for You

Your insurance company can’t raise rates by 10% or more without first explaining its reasons to your state or federal Rate Review program. All explanations will be posted on HealthCare.gov and your Rate Review program will give you a chance to comment on them.
Your Rate Review program will determine if the rate increase is unreasonable. A rate hike is unreasonable if, for example:
It is based on faulty assumptions or unsubstantiated trends.
It charges different prices to people who pose similar risks to the insurer.
Your state regulator can approve or reject an unreasonable or excessive rate increase, if your state laws give the regulator this authority.
Some Important Details
The Rate Review rules apply to new plans in the individual and small group markets. (If you are in a health plan that existed on March 23, 2010, your plan may be a grandfathered plan, which is exempt from the Rate Review rules.)
Starting September 1, 2012, each state may have its own minimum premium increase that requires a review, based on the state’s unique premium trends, health care cost trends, and other factors.
If your state doesn’t have a Rate Review program, or has a Rate Review program that is ineffective, the federal government will conduct Rate Reviews in your state.

 

I get awesome subsidies I don't care about other people the ACA is the only chance I have for health care.

 

I think the best thing is a high deductible insurance plan, combined with government subsidies for preventative treatment.

 

So I was right. No helicopter. Also ask yourself why she had to be taken to a different hospital.

Where do you think the provinces get most of their money from? In 2009, the government funded about 70% of Canadians' health care costs.

 

Good stuff. Sorry posted a duplicate thread.

 

Really! "Canada’s health care system wasn’t at fault, putting the blame squarely on Quebec"

 

I love how Liberals either prove how ignorant they are every time that post. Who do you think sells these gold plans? Private insurers. You know Aetna, Cigna, Blue Cross, ect... Further, the prices that they are talking about are the prices under are the prices under the Affordable Care Act.

 

I was being sarcastic about the gold plan, however, there is rate review put in place by the ACA that must pass a litmus test if private insurers try to over- charge by 10%. Ohio's premiums will be reviewed for accuracy. Those premiums are not set in stone yet. We shall see what happens with that.

I do wish people would be more civil with one another. Conservatives and liberals. I come from a whole family of Republicans and we agree on several point and of course disagree on others.

 

Are you familiar with the term Red Herring? First of all, this in nothing new. The State Insurance Commissioners have been conducting this type of review for decades. The rate increases in Ohio and California are those that have been approved after the rate reviews. So, obviously the Commissioners have found them the be justifiable under Obamacare. So, what else do you have?

 

Oops! Wrong again! The rates that Ohio reported are proposed rates; the Department of Insurance still has to formally approve them. “A total of 14 companies proposed rates for 214 plans to the Department. Projected costs from the companies for providing coverage for the required [by Obamacare] essential health benefits ranged from $282.51 to $577.40 for individual health insurance plans.”

Sorry to bust your bubble. I mean to, I just like facts. Ohio Dept. of Insurance: Obamacare To Increase Individual-Market Health Premiums By 88 Percent

 

Did you actually read the article, or did you just pick a few words. You took those words out of context to create a false illusion.

Here is what it really says:

The rates have not been "formally approved", but the article does not say that the states Insurance Department was not going to accept or that they were going to challenge the rates. In other words, the 88% rate increases will happen.

Your post reminds me of an old man standing on a beach watching a title wave coming in, and saying maybe it will turn.

 

We shall see, we shall see.

First you say that the rates have been approved, now you say they aren't. I have come to the conclusion that you just do not want healthcare to work more people than it has in the past.

It will be challenged of course. I doubt very much that an 88% increase will be the end result.

 

While Ohio rates will almost double.

 

Why do Liberals spend so much time grasping at straws. When the Lt. Governor of a state announces what the rates are going to be, it is pretty much a done deal. So, if you want to hold onto the illusion that a miracle is going to happen to save the citizens of Ohio from these increases, that is your right. But don't expect the rest of us to hold out any hope.

As far as what I want, your right. I think this is a bad, if not idiotic, plan so naturally I do hope that it can be replace with a plan that is not as idiotic. The fact is that the same thing can be accomplished by allowing Insurance companies to sell across state lines. This would allow the companies to combine state pools, and lower prices. Instead we have a program that insures that business will layoff workers, and cut hours to keep their business costs down. Even Obama's base supporters have identified that fact, and are pulling their support. So, yes, I want this program replaced with something that is not so harmful for this country.

 

All the while the House GOP will continue to vote to kill the law....

 

No kidding. Same (*)(*)(*)(*)e, different day. Some things never change.

 

The House Republicans feel safe since they are tucked into Gerrymandered districts. They don't need to be accountable to anyone....except their GOP bosses.

 

Since Quebec gets 70% of their money from the government, they have to make decisions based on that. In case you missed it, that is a big issue in Canada.

 

"The least expensive plans, some offered by newcomers to the market, may not offer wide access to hospitals and doctors, experts said."

"But some consumers may still find the prices and plans disappointing. Jerry Ball, 46, who owns a recycling business in Queens, said the cost of covering his family increased so rapidly in the last few years that he had to scale back their coverage. Still, he pays nearly $18,000 a year for a high-deductible policy for a family of three.

He said he would be reluctant to part ways with his insurer, Oxford, and was disappointed that even the least expensive Oxford plan being offered next year would cost about as much as he pays now.

With another plan, he said: “Will I be able to maintain my doctors? I’m concerned that some of the better doctors aren’t going to take health insurance.”

He acknowledged that the new law would allow him for the first time to easily switch plans, but it is still hard for him to believe it guarantees coverage for pre-existing conditions. “I have to be careful. I can’t be denied coverage, right?” he asked."

I am not sure why I see many libs high fiving each other here. I have quoted your own source above. Apparently NY is acheiving lower monthly premiums by reducing coverage and access to doctors. Reduced premiums in exchange for smaller networks and higher deductibles means you have won the battle but will lose the war.

Also consider the headwind of Obama's 29 hour work week on our stall speed, sub 2% GDP growth economy? Where are the tax revenues going to come from to subsidize the poor's health insurance premiums?

 

http://www.forbes.com/sites/theapot...ividual-market-health-premiums-by-88-percent/

 

This only applies to people who purchase individual insurance of which there are only 17,000 or .6% of the 2.3 million others.

http://www.nypost.com/p/news/opinion/editorials/new_york_obama_premium_5LB8WDpRkJeidIkejXMIWJ

 

Spreading more lies American Idiot.

 

That was easy. It pleases me that the only response you can manage is a brief sentence fragment with a personal insult.

The bottom line is that consumers in the individual health insurance market will pay more for the same coverage they had pre-ACA. Some states like CA have had 64% -146% increases based on offering more generous plans. NY apparently is coming in lower by offering significantly less generous plans. You see the common language "that it is difficult to compare the plans offered in the public exchanges to those in the private market" used in the pro ACA media sources. However, it is actually very easy to compare ACA public exchange plans to those offered (or previously offered) in the private market by simply matching coverages, deductibles, size of networks, etc. This is clearly an attempt to hide the fact that the price of monthly premiums for equivalent plans to date have been higher in the public exchanges associated with the ACA than they were (are) in the private market.

 

[MENTION=62829]VanishingPoint[/MENTION], wait to watch the taxes go up to make up for every dime of that.

 

I don't know if I'd be happy about this or not. A 50 percent decrease on your insurance cost is awesome but I know there's more to this but I am still hoping that there's nothing that will increase in the next coming months. Will check YepMarket if this applies to them too.