Shock: Health insurers tell brokers premiums could ‘rise sharply’ next year

Posted by: ST on March 22, 2013 at 6:46 pm

Via the Wall Street Journal:

Health insurers are privately warning brokers that premiums for many individuals and small businesses could increase sharply next year because of the health-care overhaul law, with the nation’s biggest firm projecting that rates could more than double for some consumers buying their own plans.

The projections, made in sessions with brokers and agents, provide some of the most concrete evidence yet of how much insurance companies might increase prices when major provisions of the law kick in next year—a subject of rigorous debate.

The projected increases are at odds with what the Obama Administration says consumers should be expecting overall in terms of cost. The Department of Health and Human Services says that the law will “make health-care coverage more affordable and accessible,” pointing to a 2009 analysis by the Congressional Budget Office that says average individual premiums, on an apples-to-apples basis, would be lower.

Keith Koffler at the White House Dossier blog observes:

Other insurers are offering similar forecasts. While subsidies will buffer the effect on low income earners, many in the middle class could be paying significantly more for their health insurance as Obamacare’s one-size-fits-all provisions take effect and consumers are forced to purchase higher-priced plans.

What’s more, healthy young people who have foregone insurance as not worth the cost will now have to have it – and pay for it – effectively subsidizing older, sicker consumers, since insurers in 2014 will no longer be able take health history into account when deciding on coverage and are limited in their ability to do so based on age.

Either that or hop onto mom and dad’s insurance – which they can do  until they are 26, which effectively raises mom’s and/or dad’s premiums, too.  Yippee!

Aaaand if that isn’t depressing enough, there is this:

THURSDAY, March 21, 2013 (MedPage Today) — Most physicians have a pessimistic outlook on the future of medicine, citing eroding autonomy and falling income, a survey of more than 600 doctors found.

Six in 10 physicians (62 percent) said it is likely many of their colleagues will retire earlier than planned in the next 1 to 3 years, a survey from Deloitte Center for Health Solutions found. That perception is uniform across age, gender, and specialty, it said.

Another 55 percent of surveyed doctors believe others will scale back hours because of the way medicine is changing, but the survey didn’t elaborate greatly on how it was changing. Three-quarters think the best and brightest may not consider a career in medicine, although that is an increase from the 2011 survey result of 69 percent.

[...]

Despite those pessimistic views, seven of 10 said they were satisfied about practicing medicine, although that number was lower for primary care providers and higher for younger age groups, the survey found. Dissatisfaction was attributed toward less time with patients, long hours, and dealing with Medicare, Medicaid, and government regulations.

And you know what? It’s going to get even worse because, as my friend Ken Gardener so accurately stated earlier:


Bbbbut our celebrity Prez would have you believe he’s never been a proponent of single payer. However, pesky videos out there exist that show otherwise. Obama in 2003:

Oops…

Anyway, if you’re like me and many others I know and have read about, your premiums have ALREADY gone up. As a result of it happening with me, I had to downgrade my health care plan to something I could afford. Sooo, no, I didn’t get to keep the plan I wanted to be on, Mr. President.

Anyone else?

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9 Responses to “Shock: Health insurers tell brokers premiums could ‘rise sharply’ next year”

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  1. Remember when snake oil peddler Obhammud introduced this stupid idea to the nation? And remember how he was prone to sic DOJ (or whatever other political goon squad at his disposal) on anyone who dared raise a concern about this boondoggle? Most of all people need to be reminded it passed the legislature without a single GOP vote.

  2. Sefton says:

    Something else to remember, Drew. After the signing of this boondoggle, Hillary was one of the first people to give Obhammud a great big smile and hug.
    This should not be lost on the RNC in 2016 when she runs.

    And the tweet about crashing the private health insurance industry, I think all of us knew that years ago. And one of many things in a long list of reasons Obhammud should not have been re-elected. But here we are and he ain’t done yet.

  3. Carlos says:

    For all those Einsteins out there who voted for Duh-1 yet are middle-to-low (or no) income, it has been the plan of the Deceiver-in-Chief all along to punish the middle and poor classes simply because he hates the middle and poor classes – he only uses them to achieve his primary aim, which is instituting a drastic (and probably tyrannical) socialist system in this country that pounds the bejeesus out of anyone not in the top .5 % of income. Not that you’d care at this point because y’all are still getting all the bounty from the nanny teat, but that’ll dry up within two more years, dummies.

  4. Great White Rat says:

    The projected increases are at odds with what the Obama Administration says consumers should be expecting overall in terms of cost.

    I can predict what the spin will be already: it’s not Obamacare – it’s those eeeeevil insurance companies!! King Putt will fly around the country, posing for teleprompter readings in front of haggard-looking victims in need of medical treatment, and point fingers at the insurance companies (and of course, the GOP). The MSM will happily repeat the lies, and then he will solemnly announce that the only “fair” thing is to go to the single-payer system.

  5. Drew the Infidel says:

    @GWR-Oh yeah; how could I have been so forgetful? Obhammud always has a fall guy lined up just like Admiral McCraven in the bin Laden raid. It is the nature of the beast.

  6. Carlos says:

    What is missing from this story? Why hasn’t the LSM explained that not only will the cost of health insurance skyrocket next year (and all subsequent years, even if the bait-and-switch to single payer is completed), the cost of health insurance skyrocketed THIS year after doing so last year, too.

    But that wouldn’t fit the narrative of Nanny Socialist Health Care being wonderful, would it? And the fools that worship the Deceiver-in-Chief couldn’t wrap their maggot-minds around such a concept as having to pay for it, so what good would it do, right?

  7. Jen says:

    The low income won’t care, because to them, everything should be free.If someone is making in the $20,000 range with kids, they have been eligible for YEARS for medicaid, individual state child health care programs, free vaccinations from the local health department, food stamps, housing assistance, free phones, etc. They are already completely used to the free government system, so if all health care becomes government run, they have absolutely no issue with it, instead, they believe then they will have even more bennies. And better yet, those evil rich white people who strutted around with their super premium health insurance will get their just desserts because they won’t have it anymore and it will be like, so much more fair. Our prezzie made it that way!

  8. Carlos says:

    Oh, they’ll have plenty to bitch about, Jen. To begin with, now they can walk into any ER in the U.S. and get service relatively fast. When the Deceiver-in-Chief’s (“DiC” for short) program is fully implemented they not only won’t be able to do that, neither will anyone else. Waits of up to days are going to be commonplace, even for “life-threatening” diseases.

    And as soon as the DiC announced that we could keep any health plan we wanted I knew he was giving us the biggest lie of the entire process because the plan I want is the same one Congress gets, and will keep, at the same cost to me, the taxpayer.

    That only sounds “fair” to me, and it’s all about what’s “fair,” isn’t it? I still believe that if that legislative abortion is kept the Repubs should push for every government employee to be mandatorily placed in that system and prevented from getting any additional insurance until no longer in government employ.