an answer from my husband to a question....Mellon bank increased our healthcare insurance costs by $4500 and said it was due to Obama care! BEWARE THE LIARS ARE ABOUNDING! Read Bill Scown response below: United and some other major insurers are grabbing premium increases while they can (before the 80% loss ratio limit in Obama Care kicks in). They are positioning the increases as ”due to Obama Care” to help in the attempt to defund/roll back the program. United Health, Aetna, Blue Cross are all ringing the alarm, attributing the premium increases to health care inflation (which has actually gone to nearly zero over the last year) as well as the provisions in the ACA which require insurers to offer more comprehensive coverage. The fact is that their profits in 2012 and projections for 2013 are at record highs. There also is a corporate cost reduction game going on. Companies and group insurers are hiking pricing to push expensive employees (especially the very expensive older folks) out of company group plans into the individual market place... example: IBM just announced that they are discontinuing their retired employee Medicare Plus plan. Our recent experience with Intel group coverage is another good example. My retiree group plan premium for both pre- Medicare and then for Medicare supplement was very high. Once we reached 65 had had the option, regular Medicare plus an off the shelf midi care supplement was less than half the Intel group Medicare plus plan premium! With ACA implementation of healthcare exchanges that have group rating and no exclusions due to preconditions your friend with Mellon bank will probably find that they have much less expensive options for comparable coverage available from the new healthcare exchange even before they reach Medicare age.
Posted on: Mon, 09 Sep 2013 14:31:55 +0000
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