Discussion: A Key O-Care Policy Is Driving Historically Slow Health Spending

Discussion for article #230869

Fox News Headline: Insurance Companies unable to provide workers raises due to Obamacare requirements.

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Now, if we could just get to single payer! The overhead costs for private health insurance have traditionally been in the 22% - 25% range, and the ACA aims to bring that down to under 20%. That’s a good thing. But guess what the overhead costs are for Medicare. It’s something like 2%. No bloated executive salaries to be paid, no shareholders wanting dividends, no glamorous corporate office parks. Wouldn’t it be wonderful if most of our spending on health care actually went to, ya’ know, health care?

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ā€œā€¦consumers collectively saved as much as $2.8 billion in premiumsā€¦ā€

It’s your money.

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New York already had MLR minima and rebates. And in New York, ACA compliant group 2 insurance was available to two-person corporations.

No More though! ACA ā€œfixedā€ that. NO YOU CAN’T KEEP YOUR HEALTH CARE!

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Obamacare… what a wonderful ā€˜ā€˜trainwreck’’!!!

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Huh?

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The Supreme Court will soon see to it that the ACA is destroyed when they uphold Halbig.

Funny how thoughtful regulation and enforcement can benefit everyone. Americans are able to save more and thus spend more on other things in the economy they both need and want.

BTW, love the headline for this article. Finally they got the politics and the message right. A little more of that TPM.

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Or not.

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My reaction, as well. If a given insurance plan is ACA-compliant, you get to keep it. If you have a wonderfully cheap plan which, however, covers only bone breakage on the left side of your body that occurs on alternate Tuesdays in months with an ā€œrā€ in their names, then no, you don’t get to keep it. But that’s because such a plan would not be ACA-compliant.

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TRUE.

Under ACA, YOU CAN’T KEEP YOUR GROUP HEALTH CARE AS A 2-PERSON CORPORATION.

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You forgot about the elephant.
Only bone breakage caused by an elephant except in circus or zoo-related incidences. A wild elephant in its natural habitat only. Except in India or Africa. Only North American elephants. (Does not cover fossil mastodons or mammoths, or living cloned mastodons or mammoths born after 1975.)

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Oh my God that damned dirty sneaky Kenyan LIAR! /rolleyes

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What utter nonsense!

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Obamacare ā€œreducesā€ some premiums by increasing others. My wife and I have a ā€œBronze Planā€ with a 12,000 deductible. We are both healthy 63-year olds (only 2 more years of this); we don’t smoke, but I make >150K per year. Monthly premiums $1,574. $18,888 per year. Far more than the 8% target. I’m sure we’re subsidizing those folk reporting only small increases. Our increase from a very similar policy (which cancelled for unspecified ā€œObamacareā€ reasons) almost doubled.

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Sorry, but your comment doesn’t pass the smell test.

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No, that’s about right if the poster lives in a very high cost area, such as New Jersey. In normal places, the cost would be around $1,000 or less for a 63 year old couple.

Cancelled by Obamacare probably because of some serious loophole that would have left you high and dry had you needed it. If you still have your old policy and some time on your hands you may want to read through it very carefully.

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Yes, I think he’s seriously confused. Under Federal law, any company with 2-50 employees (including owners) is defined as a ā€œsmall employer,ā€ and is eligible for group health insurance.

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