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What’s This? Healthcare Premiums Could Rise Under Obamacare?

March 28, 2013 by  

What’s This? Healthcare Premiums Could Rise Under Obamacare?
PHOTOS.COM

The Patient Protection and Affordable Care Act — you know it as Obamacare — inches closer and closer to revealing itself as the social-engineering bill of goods many Americans saw it for, from the moment it first passed in 2010.

This week’s revelation? That coverage premiums will actually rise — for the demographic most in need of the so-called affordable care — as the new law comes online.

That admission comes from no less than a member of President Barack Obama’s cabinet: Kathleen Sebelius, secretary for the U.S. Department of Health and Human Services (HHS).

Next year is the first fiscal cycle that many of the Obamacare plan’s most sweeping provisions are set to take effect. Ahead of the changes, insurance companies are due to start making their 2014 rates known in coming weeks.

“As a former insurance commissioner I have watched what transparency does to a market. This is the first time ever in the history of the United States that insurance companies have to file their rates, it has to be very transparent, they have to offer the same kind of coverage without 5,000 tiny little lines and internal caps, and they have to compete for customers,” Sebelius told reporters Tuesday. “And I am a believer in the market strategies that in and of itself will minimize the rate impact.”

The idea that Obamacare “forces” insurers to be transparent in their rates schemes, and thereby introduces a self-correcting bit of market competitiveness that’s supposed to drive coverage prices down, has been a major point of contention. From Day One, the Obama Administration has put its full faith in the idea that insurers will reduce their prices in order to stay competitive.

But then, according to The Wall Street Journal, Sibelius said this of young people and others who are currently either without healthcare coverage, or who are underserved by their current insurance:

These folks will be moving into a really fully insured product for the first time, and so there may be a higher cost associated with getting into that market. But we feel pretty strongly that with subsidies available to a lot of that population that they are really going to see much better benefit for the money that they’re spending.

Truth is, no one knows what insurers’ rates will look like for customers new to the Obamacare-influenced market next year; but there’s a lot of reason to start saving now. A study released this month indicates that per-person medical claim costs under individually insured plans could jump 32 percent, on average, once the law is in full effect. Add to that a separate WSJ report last week that insurance companies are already cautioning brokers to get ready for a steep increase in individual and small business-sponsored healthcare plan premiums in 2014.

Sibelius’ comments Tuesday simply mark her as one of the first Obama officials to actually acknowledge that plain fact — however grudgingly.

Ben Bullard

Reconciling the concept of individual sovereignty with conscientious participation in the modern American political process is a continuing preoccupation for staff writer Ben Bullard. A former community newspaper writer, Bullard has closely observed the manner in which well-meaning small-town politicians and policy makers often accept, unthinkingly, their increasingly marginal role in shaping the quality of their own lives, as well as those of the people whom they serve. He argues that American public policy is plagued by inscrutable and corrupt motives on a national scale, a fundamental problem which individuals, families and communities must strive to solve. This, he argues, can be achieved only as Americans rediscover the principal role each citizen plays in enriching the welfare of our Republic.

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  • Warrior

    Let me see if I’ve got this right. We rob Peter to fund Mary and we tell Paul to stay unemployed until his 27th birthday. We tell Prescilla that everything she “deserves” is free. Unknowingly, Paul sits in mommy’s basement racking up charges on a credit card he isn’t even aware he has. Dodd and Fwank retire on lavish pension and benefit packages. Peter succumbs to the stresses of supporting Mary, Prescilla and Paul and keels over at his cubicle in which Peter’s wife, John, learns that he is not going to receive all of Peter’s “Death Benefits”. John finally puts the “pieces” together and figures out part of Peter’s benefits must go to pay for more “oblama vacations”. John’s furious and goes down to his local starbuck’s and tells all his friends. While at the counter ordering coffee, John spots a banana. John purchases the banana with his coffee, sticks the banana in his pants pocket and returns to the table to commiserate with his buds about Peter’s demise. One of John’s friends notices the “curve” in John’s pants pockets and asks, what did that cost you? Hence, the term “cost curve” was born.

    • STEVE E.

      If you really want to screw the system, here’s all what you have to do: Don’t buy insurance until you get sick and then buy a policy to pay the bills. The fine (if you pay it or not) is much less than the premiums. Then when you health bills are paid, cancel the policy. Anyone can do that and you can get by cheaper. When Obama gives you lemons, make lemon aid out of it. I bet you that sometime in the future, you will hear in the news that a lot of people are using this method. There’s always a way to screw the system. You can also not feel at all bad about screwing them, because you are screwing Satan.

      • http://gravatar.com/plfprime GALT

        Hi Steve…….tell me ole friend….. ( w.i.f.i. )

        Do you not have the “right ” to vote for each and every representative
        that currently occupies each and every position in government, as is required
        by this “republic”?

        If the result of this process produces a system spawned by Satan and if by
        resisting it, you are resisting Satan, while exercising your choice to vote
        or not to vote for your representation in this “republic” which results
        in the system…..are you not Satan resisting Satan?

        Applying K.I.S.S…..”WILLFULLY IGNORANT, FUNCTIONAL ILLITERACY”,
        would seem a more “probable” explanation…..wouldn’t you agree?

        • STEVE E.

          I always vote, but never for anyone who has been elected because the people vote for the sons of Satan, some may be the less of two evils in their minds. No one I have ever voted for (I write in names a lot, but not any of the idiots that run and eventually the people elect) have ever been elected. So I can say No, It’s not my choice of Satan resisting Satan because the people I proudly vote for, and always loose, are much better people than the evil ones that the foolish people elects. To put it briefly: All of the screw ups the government has done will never be my fault because there has never been anyone I voted for who has been elected.

        • http://gravatar.com/plfprime GALT

          Thank you for your answer…..

          That makes perfect sense……….somewhere….or it will, sometime……..

          Eventually………..

    • Buster the Anatolian

      Priceless.

    • JUKEBOX

      I don’t know why children won’t be allowed to stay on their parent’s insurance until they are eligible for Medicare. It makes as much sense as the debacle passed by the Obamacrats.

    • J.

      Don’t be mad at barry. He was raised by his mother to believe in two things. The first is, when the going gets tough; go to the welfare or student aid and pick up a check. The second is “Welfare is a career chioice”. He is just doing what he is told by the puppetmasters (Money donors)

      • http://gravatar.com/plfprime GALT

        Is “unemployment” a career choice?

    • http://gravatar.com/plfprime GALT

      Warrior says:
      March 28, 2013 at 7:03 am
      Let me see if I’ve got this right.

      You are a w.i.f.i…..by definition, that is not possible.

      We rob Peter to fund Mary

      Who is peter, who is mary….what does peter have, that mary does not……why does peter have what mary does not, and who is is to say that what peter has, wasn’t stolen from mary in the first place?

      and we tell Paul to stay unemployed until his 27th birthday.

      Who is we, who is Paul and why would WE tell him that?

      We tell Prescilla that everything she “deserves” is free.

      If she deserves it, how could this not be true. Oh forgive ME, language, definition and meaning among the w.i.f.i.’s is meaningless. Please continue……

      Unknowingly, Paul sits in mommy’s basement racking up charges on a credit card he isn’t even aware he has.

      Not possible, w.i.f.i.!

      Hence, the term “cost curve” was born.

      Nope…….can’t get there from here……..hell you couldn’t even get to from Peter to Mary……take two cyanide capsuls….if you can manage THAT……you won’t have to call anyone “in the morning”.

  • Don 2

    80% rate increase in Ohio and 67% rate increase in Maryland expected within four years. Now aren’t you states glad that you re-elected Obama?

  • Zed

    This article couldn’t have been more timely.
    I got a letter yesterday afternoon informing me that my health insurance premium will be immediately increased by 20.6%.
    The reason given in the letter was what really floored me: They are experiencing increased demand for their insurance product.
    Words fail me.

    • Warrior

      Hmmm, if it looks like an inverted banana maybe it’s a pickle? Green tomatoes, green bananas, green pickles, “what difference does it make at this point”? We’re going “green” and someone has to pay!

    • Don 2

      Zed,

      The dems and the lamestream press all knew that this was going to happen, but they wanted to get the Marxist re-elected, so they intentionally kept this information out of the news.

      • http://gravatar.com/plfprime GALT

        Only a “functional illiterate” wouldn’t have seen it?

        You didn’t want single payor! You don’t want “outcome based” treatment!
        ( actual health care )

        The bill limits profits……and will “when in effect” grants all equal access…..

        So you now have or will have equal access……..in exchange for “fixed” profits
        and the inability to deny coverage based on pre-existing conditions….

        higher gross revenue =?

        What you do not have is protection from denial of claims for “all the other
        reasons” they used to deny them…….and the continued push for “tort reform”
        to limit the liability of said claims, if you actually happen to WIN. ( the tort )

        Raising rates NOW before the bill takes effect makes perfect sense…..

        That any of you “w.i.f.i.’s…have ever, are now, or will ever make any sense…..?

      • Don 2

        Hey GALT,

        Those “functional illiterates” you refer to happens to be the Democrat party.

        You amuse me little man, with what you think I want or have.

      • http://gravatar.com/plfprime GALT

        Sorry Don, but the term is “w.i.f.i”…..

        and I couldn’t care less what you think or want!

        First, because there is NO EVIDENCE that you can THINK!

        But even worse, that you couldn’t possibly express in any intelligent way, what
        you “actually” want…….

        “but if you try sometimes, you just might find…..you get what you need.”

  • rendarsmith

    Premiums have already gone up. I’m taking less home this year than I was last year due to the increase.

  • FreedomFighter

    ObamaCare:

    1 trillion plus in NEW TAXES
    30% plus rise in Premiums
    Millions of new regulations that will infect every aspect of society and normal life.

    ObamaCare will KILL THE ECONOMY, and be the basis for TOTALITARIAN control of citizens of America.

    Laus Deo
    Semper FI

    • http://personallibertydigest ron

      If it is not obvious by now Obamacare was derived to end healthcare insurance as we knew it. It was conceived to make a one payer plan that runs and CONTROLS the healthcare for all Americans. A plan to mimic a communist system as in Cuba or Russia, a plan to where they could set their guide lines on who lives and who dies. If they derive that your usefulness don’t go along with your age or skill set they will simply let you die.It is nothing but the greeners trying to depopulate the planet with systematic extinction of the old and lower classes of people.No companies will eventually be able to afford private insurance policies for their employees ,so we will all be clumped into an underfunded and inept plan where only the politically connected and extremely rich will prosper.

      • http://gravatar.com/plfprime GALT

        Wow you have a “skill set”? Please don’t tell me its ” unrequited superior intelligence based on logical reasoning at large”?

        But if it is, can you explain:

        1.) Why you are complaining about an “insurance based” health care system
        provided by doctors who practice medicine educated by medical schools
        based on “germ theory” which is not only incorrect but “deadly” and therefor
        has nothing to do with “health” care?

        2.) Why would you complain about “having” a choice of access to such a system in
        terms of “private” or “public”, when the goal of “private” is profits and the means
        to those profits is denial of claims for those who have neither the time or the
        money to “litigate” or wait, and where “death” cancels any liability whether the claims
        are valid or not? Would this not in fact ( private insurance ) constitute a true
        death panel?

        3.) If you had a skill set why would you not be employed and therefor have
        any and all options available to you, regardless of whatever your actual ability
        to employ logically reasoned intelligence as it pertains to the previous questions?

        4.) What is the actual purpose of “insurance”? For the insured? For the insurer?
        For the “self insured”? In its “original” conception?

        Thank you in advance for your answers to these questions, in order to clarify
        your “freely shared opinion”……although you should be warned, the likely
        outcome of your answers will most likely require further clarification.

    • http://gravatar.com/plfprime GALT

      Fiat money….who cares if the economy is “killed”, it is already controlled,
      by those that have corrupted “your government”……and its death will give
      you all the freedom you aren’t fighting for now.

      When this happens, the fighting will start…..what will you fight for then?

      The freedom not to “fight”? ( for some reason that sounds vaguely familiar,
      it just escapes me at the moment……..anyone? )

  • Chester

    If Obamacare is supposed to scare the insurance companies into controlling their rates, it surely seems to be working, long before it can actually have any effect on them. Rates have skyrocketed since Obamacare was passed, simply because the companies fear they will actually have to account for excess profits once it comes into play.

  • red neck

    Caution…. Total system failure dead ahead!

    • http://gravatar.com/plfprime GALT

      Free at last……..FREE AT LAST!!!!!

  • Chris

    Hey, don’t we ALREADY PAY for those with no healthcare? People with no health insurance go to free clinics and hospitals and we foot the bill.

    • Chuck S

      I’ve heard that there’s much more cost-shifting due to medicare and Medicaid than from poor people going to emergency rooms. M & M don’t pay enough, so they increase costs to other patients. Probably mainly to insurance companies.

  • momo

    Of course premiums are going to rise, Obamacare never addressed costs!

  • JUKEBOX

    This legislation was mislabeled, and should have been named the UNAFFORDABLE HEALTHCARE ACT!

  • Pingback: Sibelius didn’t expect lengthy Obamacare opposition

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