Obamacare to raise claims cost by over 30%

  1. 5 Obamacare was a bad idea. The details are coming out proving costs are going to go up.....not down as he promised. I'm happy to have the extra business as a NP seeing patients but fear the program will push our country further into financial insolvency. One only has to look at Cyprus to see what happens when financial insolvency comes knocking at your door.

    http://www.ryot.org/study-obamacare-...1#.UVJtVSca-uI
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  3. Visit  FNP2B1 profile page

    About FNP2B1

    FNP2B1 has '4' year(s) of experience and specializes in 'Family Practice Nurse Practitioner'. From 'San Diego, California'; Joined May '10; Posts: 64; Likes: 148.

    43 Comments so far...

  4. Visit  tewdles profile page
    6
    Interesting comparison, USA to Cyprus...not much in common there.
    Not_A_Hat_Person, OCNRN63, KelRN215, and 3 others like this.
  5. Visit  22gawhitacre profile page
    2
    not yet
    Quote from tewdles
    Interesting comparison, USA to Cyprus...not much in common there.
    Szasz_is_Right and Kylee B like this.
  6. Visit  nursej22 profile page
    6
    To sum up this article in a pat Obamacare raises rates plunging us into insolvency is misleading. Rates for individual policy holders will go up in some states, due to differing state rules and populations. Other states are projected to have double digit decreases in rates. Employer covered individuals are not included in this.
    Interestingly, but not surprisingly, this study was done in part by a subsidiary of the antion's largest insurance company.

    And poor Cypress, if only they had not declared 2 unfunded wars and an unfunded prescription drug benefit. Oh, wait, that was someone else.
    Last edit by Joe V on Mar 29, '13
  7. Visit  FNP2B1 profile page
    3
    Take the cost of both wars that prevented the US from being attacked again, take the prescription drug benefit and take the spending that every US President before Obama took office and add that together. It still doesn't add up to the spending Obama has done in 5 years in office. A 17 trillion dollar debt is pushing us into insolvency. Obamacare does add to the insolvency problem. If you can't see that as blatantly obvious then I can't help you understand simple economics.
    Szasz_is_Right, tntrn, and Kylee B like this.
  8. Visit  Kylee B profile page
    1
    Quote from nursej22
    Interestingly, but not surprisingly, this study was done in part by a subsidiary of the antion's largest insurance company.
    Perhaps you can point us to some other study that has no bias? I hear so much stuff and don't know what to believe.
    OCNRN63 likes this.
  9. Visit  Jolie profile page
    1
    Quote from nursej22
    Interestingly, but not surprisingly, this study was done in part by a subsidiary of the antion's largest insurance company.
    Medical claims costs-the biggest driver of health insurance premiums-will jump an average 32 percent for Americans' individual policies under President Barack Obama's overhaul, according to a study by the nation's leading group of financial risk analysts.
    The report could turn into a big headache for the Obama administration at a time when many parts of the country remain skeptical about the Affordable Care Act. The estimates were recently released by the Society of Actuaries to its members....
    A prominent national expert, recently retired Medicare chief actuary Rick Foster, said the report does "a credible job" of estimating potential enrollment and costs under the law, "without trying to tilt the answers in any particular direction."
    "Having said that," Foster added, "actuaries tend to be financially conservative, so the various assumptions might be more inclined to consider what might go wrong than to anticipate that everything will work beautifully." Actuaries use statistics and economic theory to make long-range cost projections for insurance and pension programs sponsored by businesses and government. The society is headquartered near Chicago.


    http://www.ryot.org/study-obamacare-...1#.UVJtVSca-uI

    This study was conduted by the Society of Actuaries. Do you have evidence that they have presented biased information, or do you just not want to acknowledge their findings? Findings which are in line with predictions made by conservative economists and the reality already experienced by those of us who purchase our health insurance on the individual market.

    The only thing I question here is the (I believe) mistaken notion that only those who purchase individual plans will be affected by these cost increases. While we will be hit first and hardest, cost increases will eventually impact every individual who purchases health care coverage and/or services in any situation.

    My prediction...remember you heard it here first.
    Szasz_is_Right likes this.
  10. Visit  Jolie profile page
    0
    Quote from Kylee B
    Perhaps you can point us to some other study that has no bias? I hear so much stuff and don't know what to believe.
    You can believe this, Kylee. It's already happening.
  11. Visit  Jolie profile page
    0
    Quote from tewdles
    Interesting comparison, USA to Cyprus...not much in common there.
    Agreed. No comparison between Cypress and Nebraska. The economic problems, though...unfortunately very similar.
  12. Visit  herring_RN profile page
    7
    I think we need Medicare for all. And disapprove of the Affordable Care Act incentives for hospitals and other providers to spend on techno;logy rather than sufficient staff.
  13. Visit  nursej22 profile page
    7
    interesting that everyone is quick to blame Obama for any health cost increase. Seldom is there mention of an aging population or record profits by health insurance companies.
    Yes, I believe the cost of insurance will rise, it has steadily since my first job where I had the opportunity to purchase it. That was way before Obama, MRIs, cardiac stents, LVADS, and ICDs. Back then my insurance was through a local, non-profit group. A doctor visit was $11.00. Technology has certainly driven up costs, as well as people living longer with more chronic illnesses. And it seems like people are less motivated to care for their health thinking there is a pill to fix everything.
    The original cited article has been reprinted/republished by several media sources in varying versions of completeness. It contains a great deal of information and I still believe it is unfair to boil it down to "Obama destroying the economy."
    Just my 2 or 3 cents.
  14. Visit  herring_RN profile page
    7
    There are many reasons for the continuing increase in health insurance costs.
  15. Visit  StNeotser profile page
    7
    Anyone who hasn't seen health care rise well and beyond the same rise in inflation in the past decade before Obamacare is living in a protected bubble.

    Health-Care Costs Rise Faster Than U.S. Inflation Rate - Bloomberg

    The reason that we don't have medicare for all is because the health care lobby made sure they were part of Obamacare. It's not socialism for us, it's socialism for corporations, like the bailouts, like the way that the financial sector commit criminal acts and just pay fines. Like apparently, corporations are allowed to keep your state taxes for themselves in sixteen states.

    The reason the costs rise is because health insurance and health service providers have stock floated on the NYSE. These companies owe nothing to anyone other than their shareholders. Their shareholders expect bigger profits every year. An essential service cannot be ethically provided to anyone on this basis.


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