Blue Cross Blue Shield: “Unusually large rate increases” ahead as a result of #ObamaCare

Posted by: ST on May 7, 2013 at 10:12 am

Via the Raleigh News and Observer (bolded emphasis added by me):

In a signpost pointing to health insurance changes under the nation’s new health care law, North Carolina’s largest insurer has warned of steep rate increases for customers who have typically paid below-average premiums.

A third of Blue Cross and Blue Shield’s customers who buy individual policies – or about 125,000 residents – should prepare for unusually large rate increases, according to the Chapel Hill company. The remaining quarter-million customers who buy individual policies will see increases in line with previous years.

The rate plans are anticipated as a barometer of North Carolina’s emerging health care landscape that will take shape under the Affordable Care Act, the 2010 federal law that takes effect in less than seven months.

The law is expected to extend coverage to 1.6 million North Carolinians who are uninsured, many of whom are presumed to be in worse health than those with access to regular medical care.

Blue Cross policies and costs are expected to set an industry standard, influencing how insurers adjust to the law and what that law will mean for those who have had insurance and those who have not been able to afford coverage previously and will now be buying it for the first time.

[...]

However, Blue Cross did disclose that insurance costs for employees who work for businesses with 1 to 50 employees will rise about 18 percent in 2014 because of increased coverage and benefits, as well as eight new taxes and fees in the Affordable Care Act. But the effects on small businesses are so wide-ranging that they will result in reductions as deep as 41 percent and increases as high as 284 percent.

“More sick people in the insurance pool, more benefits, and new taxes and fees will drive rates up,” Blue Cross said in a statement.

Hate to say We Toldjah So, but …

Think the boneheads who voted for our Socialist in Chief to get re-elected will finally realize the error of their ways after their insurance premiums drastically go up (if they haven’t already), which may force them to sign up for a cheaper plan (as I did) , apply for some type of  ”government health care coverage” plan, or pay the non-insured penalty? Don’t count on it. Liberals are notorious for trying the same thing over and over again, getting the same failed result over and over again, and thinking if they try it just ONE MORE TIME …… #FAIL l-)

Related:

RSS feed for comments on this post.

6 Responses to “Blue Cross Blue Shield: “Unusually large rate increases” ahead as a result of #ObamaCare”

Comments

  1. Phineas says:

    It’s a cliche, but “elections have consequences.” Congratulation, 47-percenters! You’re getting yours. Shame you have to stick us with it, too.

  2. Drew the Infidel says:

    There is an old saying that after all is said and done, a lot more is said than done. We will wind up back at square one where those with quality health care will be those who can afford it; the indigent and the illegal aliens will continue to monopolize the emergency rooms instead of visiting a doctor and the only decent meals and health care their children will receive will be at the school cafeteria and nurses’ stations.

    Therein lies Obhammud’s “investments”, decoded and in a nutshell.

  3. Carlos says:

    The faulty assessment is that a vast majority of those who voted to return the DiC to a second term won’t see an increase in their premiums because, being of the 47% who don’t pay taxes anyway, they will get their insurance for “free” (meaning that the rest of us get to pay for this, too).

    It would sure be nice if someone volunteered to pay for all my goodies, too, but someone’s got to pay for it all. I suppose I’ll be working until my next heart attack lays me out cold just so I can know “the children” are protected from evil capitalists like me.

    Socialism is so evil on so many levels, but none so pernicious as the promise of all the freebies.

  4. ruggerfool says:

    I just wonder if the younger people that are going to be so adversely affected will learn?

  5. Carlos says:

    One last word: Man, nobody saw THOSE increases coming, right?

  6. Lorica says:

    #WINNING!!!