Has your health insurance went up yet?

[utvolpj]

that one anecdote is great but doesn't really prove much. Mine doesn't prove much either but I'm pretty sure my company is bigger than that CO one.

 

[milohimself]

Markets are vastly different from state to state, but here and a couple other states that I'm aware of, corporate and individual rates are increasing about the same.
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[volinbham]

I think it's naive not to assume that ACA has put upward pressure on premiums. In particular, provisions that are just now kicking impact pre-existing condition clauses, kids staying on parent's policies until 26 and higher minimum actuarial limits (the cause of all the waiver madness that HHS finally decided to end).

Each of these individually represent higher costs for insurers. The carrot for insurers (supposedly the mandate driving business to them) doesn't kick in for 2+ more years and may never materialize. Add to that, new regulations to comply with and all associated costs and you have to conclude that a change in the rules (particularly these changes) have some upward pressure on premiums. It may not be the only reason but it's definitely factored in.

 

[volinbham]

Looks like Price Waterhouse Coopers better get ready for a Congressional investigation

http://blogs.reuters.com/james-pethokoukis/2011/06/20/its-not-just-mckinsey-suggesting-obamacare-is-a-mess/

3) Perhaps most concerning are the findings of a survey also released by PWC divulging how employers are likely to react to Obamacare. The survey showed that nearly half of employers will drop their coverage, dumping employees into the government-run exchanges. Individuals who qualify would then receive generous federal subsidies to purchase insurance. If more employers than expected dump coverage, as other experts have predicted, the cost of the subsidy program will explode deficit spending. The results of the PWC survey indicate this is likely to be reality.

4) Even if employers do not dump coverage entirely under the new law, according to the survey, five out of six employers will completely re-evaluate their benefits strategy. Four out of five employers will make changes to help cover new costs under Obamacare, including raising premiums, deductibles, and co-payments.

5) Employers who offer coverage to their workers face growing uncertainty regarding costs under the new law. The negative consequences of Obamacare’s changes will be threefold: higher costs for those with employer-sponsored coverage; a greater debt burden on current and future taxpayers; and slower growth in job creation and the overall economy.

 

[lawgator1]

I think it's naive not to assume that ACA has put upward pressure on premiums. In particular, provisions that are just now kicking impact pre-existing condition clauses, kids staying on parent's policies until 26 and higher minimum actuarial limits (the cause of all the waiver madness that HHS finally decided to end).

Each of these individually represent higher costs for insurers. The carrot for insurers (supposedly the mandate driving business to them) doesn't kick in for 2+ more years and may never materialize. Add to that, new regulations to comply with and all associated costs and you have to conclude that a change in the rules (particularly these changes) have some upward pressure on premiums. It may not be the only reason but it's definitely factored in.

You are flat out just making that up.

Premiums went up for us in past years, before Obama was elected and the law even passed, and oftentimes at or in even greater percentages than this year's increase.

You are inventing reasoning, couched in phrases like "it's naive" not to think you are right, when you have absolutely no proof at all, that the Obama law has any significant effect on this year's premium increases.

 

[lawgator1]

Looks like Price Waterhouse Coopers better get ready for a Congressional investigation

James Pethokoukis | Analysis & Opinion | Reuters.com

I am pretty sure that was posted a week or so ago. Something similar, anyway.

 

[volinbham]

I am pretty sure that was posted a week or so ago. Something similar, anyway.

You are probably thinking of the McKinsey study which is how this thread started?

Irregardless, this makes 2 opinion surveys with the same conclusion - businesses are likely to dump coverage at a much higher rate than the economic models of the CBO and RAND studies. If correct, they show a primary claim of Obamacare is incorrect. To me the real question is whether or not this was the plan all along.

EDIT - it was the "so much for keeping your insurance" thread