Obamacare Update: Premiums are going way up in many areas...

A Kaiser Family Foundation survey claims about three-fourths are happy with their Obamacare plans. I am guessing they are in the 87% that are getting help from your tax dollars to pay their premium.

Via Fox News Radio:

The Wall Street Journal is reporting today that Obamacare rates are about to shoot up, in some cases as much as 40%. The rate increases requested by insurance carriers vary state by state, but the overall picture is bad.
“In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016,” the Journal reports. “The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products. Moda Health, the largest insurer on the Oregon health exchange, seeks an average boost of around 25%.”
The Washington Examiner reported today that in Oregon the primary insurance carrier is facing costs (payouts) exceeding premiums (income) by just over 60%. “Moda Health, which serves roughly half of (Oregon’s) individual market, is aiming to raise rates by an average of 25.6 percent. As Jed Graham of Investor’s Business Daily noted, Moda’s costs for 2014 – the first year of Obamacare’s exchanges — exceeded its premiums by 61.5 percent.”

Amusing: Dem Rep and #Obamacare supporter admits it doubled his family premiums and deductibles...

Click image for video.

Obamacare average premium increase is 49%

Men really got screwed...

Via Forbes:

Across the country, for men overall, individual-market premiums went up in 91 percent of all counties: 2,844 out of 3,137. For 27-year-old men, the average county faced 91 percent increases; for 40-year-old men, 60 percent; for 64-year-old men, 32 percent.

Women fared slightly better; their premiums “only” went up in 82 percent of all counties: 2,562 out of 3,137. That’s because Obamacare bars insurers from charging different rates to men and women; prior to Obamacare, only 11 states did so. Because women tend to consume more health care than men, the end result of the Obamacare regulation is that men fare somewhat worse.
Relative to men, the average rate increase for women was less extreme: 44 percent for 27-year-olds; 23 percent for 40-year-olds; 42 percent for 64-year-olds. Read it all...

Obamacare has raised premiums 39 percent to 56 percent!

Barack Obama promised Obamacare would lower costs $2500 pe3r family. He lied.

Below is a cost summary provided by eHealthInsurance:

— Premiums have increased by 39 percent to 56 percent, compared to pre-Obamacare coverage. As of Feb. 24, the average premium for an individual health plan selected through eHealth without a subsidy was $274 per month, a 39 percent increase over the average individual premium for pre-Obamacare coverage.

— The most recent average premium for plans without a subsidy chosen by families was $663 per month, a 56 percent increase over the average family premium in Feb. 2013, which was $426 per month.

— For both individual and family applicants, bronze plans have been the most popular plan type chosen since the beginning of open enrollment.

— Shoppers chose less expensive plans as open enrollment progressed.

Insurance executive on getting people to pay Obamacare premiums, “It’s been pulling teeth,”

There are reasons so many people didn't have health insurance before Obamacare. Some were young and felt they didn't need it. They wanted to spend their money on other things. The others wanted and knew they needed health insurance, but they couldn't afford to pay the premiums. Except for the people getting free Medicaid or heavily subsidized Obamacare plans, these people can afford it even less now because Obamacare actually raised unsubsidized premiums an average of 41%.

Via WSJ:

Insurers are struggling to get their premium payments from people who signed up for coverage through the health-law marketplaces, leaving many plans with fewer enrollees than expected at the start of the new year.
Friday was the deadline the industry set last month for people to pay for coverage that started Jan. 1. A big gap between the roughly two million people the government said selected plans in the marketplaces and those who actually pay—the final step to getting coverage—could pose a fresh challenge for the Obama administration. It also raises the stakes for small health plans and startups that are relying heavily on the marketplaces for business.
Smaller customer pools are riskier for insurers, partly because there may be too few healthy customers to offset even a handful of costly patients.
Several insurers have said that despite the Jan. 10 cutoff, they will have to informally continue to accept payments that flow in late. Others, including several of the biggest, officially pushed back their deadlines to later in the month.
“It’s been pulling teeth,” said Shaun Greene, chief operating officer of Utah-based Arches Health Plan, a startup. As of Thursday, Arches had collected about 60% of premiums for people who signed up for coverage that took effect Jan. 1. He said Arches would urge customers in email and phone calls to pay for at least a few more days, even after the deadline.

Keep on reading…

Cancer Patient Chooses Death After Obamacare Causes His Premium to Increase By 833% - http://t.co/OPlG56UFHe pic.twitter.com/LaxJmYwDHc
— The Last Great Stand (@LastGreatStand) January 7, 2014

Karma: Obamacare raises Harry Reid's health insurance $4500 a year...

Harry Reid confesses his health insurance premium went up $4,500 a year under Obamacare.

“And I will also note that there are 150,000 million different families that get their health care through their employees,” Reid said. “So should all federal employees, although under Obamacare, my insurance costs me about $4,500 more that it did before. Yes, because it is age-related and it wasn’t like that before.”

Harry Reid previously claimed Obamacare would lower premiums for people who already had insurance by $1600. I guess he lied to himself too. 

Karma: Harry Reid's Nevada will face a 179% increase in Individual-Market healthcare premiums...

I hope the voters of Nevada come to understand elections have consequences. They could have easily defeated Reid in 2010. Without Reid at the helm in the Senate, we might have gotten true bipartisan healthcare reform. 

Via Forbes:

The eight states that will face the biggest increases in underlying premiums are largely southern and western states: Nevada (+179%), New Mexico (+142%), Arkansas (+138%), North Carolina (+136%), Vermont (+117%), Georgia (+92%), South Dakota (+77%), and Nebraska (+74%).

Sticker Shock: Obamacare raises premiums for canceled plans by 50% in Louisiana

Change...

CBS: Louisiana insurance commissioner also says average premium for an individual insurance policy in Louisiana is going up by 50%.
— Sharyl Attkisson (@SharylAttkisson) November 8, 2013

The Louisiana purchase doesn't look like such a god deal now.

Guess which areas of the country got screwed worst by Obamacare premium hikes...

If you guessed the red areas that vote more Republican, you are correct.

FOX News reported:

Experiencing sticker-shock at the price of insurance on ObamaCare exchanges?
That’s more likely if you live in a “red state” that didn’t vote for Obama, according to price data compiled by the Heritage Foundation. In red states, premiums for 27-year-olds rose an average of 78% on ObamaCare exchanges, whereas in “blue states” that voted for Obama, premiums rose a smaller 50%.
Senate critics of ObamaCare say the difference is one way in which the bill is unfair.
“It’s unfair, outrageous and unacceptable,” Senator John Barrasso, R-Wyo., who is also an orthopedic surgeon, said in a statement to FoxNews.com.
“After discovering that the President broke his promise that Americans can definitely keep their coverage, many red state Americans are now finding out that their rates will soar under ObamaCare. This… proves once again that the President’s health care law picks winners and losers across the country,” he added.
Health policy experts say the reason red states got hit hardest is that they had fewer regulations to begin with.

Amusing: Daily Kos blogger gets healthcare premiums doubled...

Karma...

Via DailyKos:

My wife and I just got our updates from Kaiser telling us what our 2014 rates will be. Her monthly has been $168 this year, mine $150. We have a high deductible. We are generally healthy people who don’t go to the doctor often. I barely ever go. The insurance is in case of a major catastrophe.
Well, now, because of Obamacare, my wife’s rate is gong to $302 per month and mine is jumping to $284.
I am canceling insurance for us and I am not paying any [expletive] penalty. What the hell kind of reform is this?
Oh, ok, if we qualify, we can get some government assistance. Great. So now I have to jump through another hoop to just chisel some of this off. And we don’t qualify, anyway, so what’s the point?
Keep on reading…

Video: ObamaCare Forces A Mother To Choose Between Insurance Or Putting Food On Table

Change...

From the pass it to find out what is in it file: Credit score affects Obamacare premiums...

The more you learn about Obamacare, the more you love hate it.

ORLANDO, Fla. -
Many people signing up for health care in Florida through the Affordable Care Act have been shocked when they have to give proof of their credit score before they finish the process.
Anne Packham, one of many people licensed by the state to help people navigate the government's website, said on Tuesday that the credit check occurs so providers can make an educated decision about who to insure.
"If someone is defaulting on all of their bills they may not want to have them as part of their health plan," said Packham, the lead Navigator in Florida.

Young men to get hammered by Obamacare premium hikes...

You men will on average see their health insurance rates double.Women will also see a significant increase. It is highly unlikely these young men will purchase insurance through the exchanges. They will pay the small penalty and move on.

Via MoneyWatch:

New research from the Manhattan Institute estimates that insurance rates for young men will rise by 99 percent. Rates for younger women will rise between 55 percent to 62 percent, according to the right-leaning New York think tank.

The precise impact of the new health law is likely to vary markedly from state-to-state, however. That's largely because different states have had different requirements for what had to be included in health insurance policies in the past. The Affordable Care Act, commonly known as Obamacare, overrides these rules and sets a federal overlay that demands a wide array of mandatory coverages. The Manhattan Institute has drawn up an interactive map that may help forecast the rise in cost for individuals.

These differences mean men will get hammered in North Carolina with an average 305 percent rate hike, while women will suffer in Nebraska, paying an average of 237 percent more. For most people, subsidies in the law will not counteract the rate shock, says co-author of the study Avik Roy, a health care expert and senior fellow at the Manhattan Institute.

Obamacare causes healthcare premiums for Kentucky family to triple to nearly $1000 PER MONTH (Video)

Obamacare causes healthcare premiums for Kentucky family to triple to nearly $1000 PER MONTH


 

Via YouTube:

Thanks for Obamacare healthcare premiums are going up across the country and for one family in Kentucky the monthly premiums are tripling to nearly $1000 PER MONTH. That is almost $12,000 per year for health insurance. The plan has a high deductible so there is not much more that can be there to lower the premiums. This is how people will be forced onto the exchanges and ultimately single payer will come about - by making healthcare unaffordable.

Tweet: How much will Obamacare raise your health insurance premium?

34% here in Kentucky. :(

So this must be the "affordable" part of Obamacare Obama keeps talking about pic.twitter.com/d15kMuy2G3
— Chelsea (@chelseagrunwald) September 20, 2013

Change: Obamacare will cause 72 percent increase for Indiana individual plans in 2014...

If you like your insurance you can keep it if you can pay the sky high premium...

Insurance rates in Indiana will increase 72 percent for those with individual plans and 8 percent for small group plans under President Barack Obama's healthcare overhaul, according to the state’s insurance department.


The spike in costs is due primarily to new mandates under the law, which requires insurers to cover those with pre-existing conditions and to offer a minimum level of benefits, said Logan Harrison, chief deputy commissioner with the Indiana Department of Insurance under Republican Gov. Mike Pence. New taxes and fees under the law also contributed, Harrison said.[...]

Costs for individual plans is expected to increase from an average of $255 per member per month in 2012 to $570 in 2014, when the most aspects of the law go into effect, Harrison said.

Good News: Obamacare only raising premiums 88% in Ohio...

Well, it's good news compared to California where Obamacare will raise some premiums by as much as 146 percent.

Via Forbes:

Democrats continue to try to dismiss the evidence that Obamacare will dramatically increase the cost of insurance for people who buy it on their own. But on Thursday, the Ohio Department of Insurance announced that, based on the rates submitted by insurers to date, the average individual-market health insurance premium in 2014 will come in around $420, “representing an increase of 88 percent” relative to 2013. “We have warned of these increases,” said Lt. Gov. Mary Taylor in a statement. “Consumers will have fewer choices and pay much higher premiums for their health insurance starting in 2014.”

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.

Health Insurance Premiums Up $3000 Since Obama Promised To Cut Them $2500...

Obamacare was never about bending the cost curve downward. It was about providing subsidized healthcare to demographics that vote Democrat. Democrats used lies and accounting tricks to try and convince people Obamacare would reduce costs.  Obama was the Liar-in-Chief.

IBD via Yahoo:

During his first run for president, Barack Obama made one very specific promise to voters: He would cut health insurance premiums for families by $2,500, and do so in his first term.

But it turns out that family premiums have increased by more than $3,000 since Obama's vow, according to the latest annual Kaiser Family Foundation employee health benefits survey.

Premiums for employer-provided family coverage rose $3,065 — 24% — from 2008 to 2012, the Kaiser survey found. Even if you start counting in 2009, premiums have climbed $2,370.

What's more, premiums climbed faster in Obama's four years than they did in the previous four under President Bush, the survey data show.

There's no question about what Obama was promising the country, since he repeated it constantly during his 2008 campaign.

In a debate with Sen. John McCain, for example, Obama said "the only thing we're going to try to do is lower costs so that those cost savings are passed onto you. And we estimate we can cut the average family's premium by about $2,500 per year.

About Obama's promise Obamacare would reduce a family’s premiums $2500 by the end of his first term...

Buried at the end of Forbes article, we learn the ugly truth. It was a lie.

Remember, Obama repeatedly promised that a family’s premiums would go down $2,500 by the end of his first term.  But between 2008 and 2011, the average cost of a family policy went up by nearly $2,500.

And that trend will continue.  As the Washington Post recently reported, “A nationwide study conducted by Milliman Inc. for the Society of Actuaries found that nationwide the premiums in the individual market would increase from 8 to 37 percent in 2014.”

It didn’t have to be this way.  The president could have addressed rising health care costs by encouraging consumer driven health insurance options, which actually bend the health care cost curve.  He chose not to do that and most Americans will be paying more — a lot more — because of it.

Health-Care Premiums Rise 9% in 2011. 17% of That Increase Was Due to Obamacare,

If your employers is raising your copay, it's because their premiums are going up.

(The Hill) — An annual survey found that premiums for employer-provided family plans increased by 9 percent — to $15,073 — in 2011.

The Obama administration quickly responded Tuesday to bad news about rising insurance premiums with a strong defense of the healthcare law and its benefits for consumers.

An annual survey of premiums found that the premiums for employer-provided family plans increased by 9 percent — to $15,073 — in 2011, leaving Democrats vulnerable to charges that the law isn’t working. The administration proactively responded with a post on the White House blog that went up as soon as the embargo on the annual Kaiser Family Foundation survey was lifted.

1.5 percentage points are directly due to Obamacare.

The Kaiser survey's researchers estimated that only around 1.5 percentage points of the 9% increase was tied to provisions of the federal health-care overhaul, which mandated changes to plans, including the addition of children up to the age of 26 to their parents' plans and an end to out-of-pocket costs for certain preventive-care benefits.

President Obama claimed employer health care premiums would fall by 3000% $3000. 

Mr. Obama asked his audience for a show of hands from people with employer-provided coverage, what most Americans have.

"Your employer, it's estimated, would see premiums fall by as much as 3,000 percent," said the president, "which means they could give you a raise."

A White House press spokesman later said the president misspoke; he had meant to say annual premiums would drop by $3,000.

President Obama lied.