Survey: US sees sharpest health insurance premium increases in years
Health insurance premiums are showing the sharpest increases perhaps ever according to a survey of brokers who sell coverage in the individual and small group market. Morgan Stanleyâ€™s healthcare analysts conducted the proprietary survey of 148 brokers. The April survey shows the largest acceleration in small and individual group rates in any of the 12 prior quarterly periods when it has been conducted.
The average increases are in excess of 11% in the small group market and 12% in the individual market. Some state show increases 10 to 50 times that amount. The analysts conclude that the â€śincreases are largely due to changes under the ACA.â€ť...
Jim Lincoln wrote: It should also be noted, that if a person didn't have any insurance in the first place, even a couple dollars a month what rank as an astronomical increase over zero.
Thing is the uninsured are NOT the ones signing up for the Unaffordable Unhealthy Act. The young and healthy are NOT signing up for it. People think premiums are high now, they will double in October (just in time for the election---yup that is why after praising its success last week Sebilius was let go, dems can see hand writing on wall) Hate to say I told you so, because I wish I was wrong, but I told you so.
Barry from KY. wrote: We just renewed our insurance for another year with a small increase. I think insurance companies use any excuse to raise premiums!!
Hi Barry, it depends on the State where you live. NY, because it is a leader in over-regulation, control, and diminishment of choices, which has already driven premiums higher, actually experiences a slight decrease. People in some States are experiencing dramatically higher premiums, especially for the young, the ones who need it least, but whose money is coveted by the govt. to pay for the program.
We have to remember, when the govt mandates insurance cover a minimum package of benefits, i.e. a more generous package whether you want or need it, the more expensive it will be.
Perhaps they can help pay for it with the $2500 lower premiums per family the prez promised Obamacare would deliver.
insurance companies have become a heavy weight and a stumbling block.
they have had influence in policy making as to defining of disease. and yes, when everyone is forced into one concept of disease it is a political process, not necessarily scientific.
I'm to the point thinking that if the whole system just ended tomorrow and people once again paid cash for awhile everyone would be better off.
the system is not able to fluctuate with the actual economy of patients, but is rather artificially propped up with so many middle men, regulations, and beyond that limited to only one very limited form of dealing with the body, that is allopathy.
it forces the poor onto subsidized insurance that gives them no options to correct nutritional and environmental illness, which are the norm of our era.