Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

srican69

(1,426 posts)
Fri Mar 22, 2013, 09:23 AM Mar 2013

Health Insurers Warn on Premiums

It's it that these blood suckers never give up...or Obama care is going double health insurance premiums for me.....I am fucking tired


http://online.wsj.com/article/SB10001424127887324557804578374761054496682.html?mod=WSJ_hps_LEFTTopStories


Health insurers are privately warning brokers that premiums for many individuals and small businesses could increase sharply next year because of the health-care overhaul law, with the nation's biggest firm projecting that rates could more than double for some consumers buying their own plans.

The projections, made in sessions with brokers and agents, provide some of the most concrete evidence yet of how much insurance companies might increase prices when major provisions of the law kick in next year—a subject of rigorous debate.
5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Health Insurers Warn on Premiums (Original Post) srican69 Mar 2013 OP
What is their Newest Reality Mar 2013 #1
The rentiers reteachinwi Mar 2013 #2
the aca guaranteed their next bonus packages and assured that their children green for victory Mar 2013 #3
Yep. Because President Obama knows that the U.S. is set to open two of their own health insurance BlueCaliDem Mar 2013 #5
The whole system will eventually implode madville Mar 2013 #4

Newest Reality

(12,712 posts)
1. What is their
Fri Mar 22, 2013, 09:26 AM
Mar 2013

motivation in warning about a given?

That's like Big Oil warning us that we will be paying escalating prices for fuel or heroin dealers warning that fixes are gonna' go up.

I mean really, this scam is obvious and the insurance lobbies work very hard to keep us in the game of having a middle-man, (stuffing fat wads of cash in the coffers) for our healthcare.

 

reteachinwi

(579 posts)
2. The rentiers
Fri Mar 22, 2013, 09:34 AM
Mar 2013

Of the top 10 highest paid non-profit CEOs in 2010, five led hospitals. They included the following:

• Herbert Pardes, MD, former CEO of NewYork-Presbyterian Hospital in New York City: $4.35 million
• Gary Gottlieb, MD, CEO of Partners HealthCare in Boston: $3.14 million
• Delos "Toby" Cosgrove, MD, CEO of Cleveland Clinic: $2.25 million
• James Mandell, MD, CEO of Boston Children's Hospital: $1.86 million
• John Noseworthy, MD, CEO of Mayo Clinic in Rochester, Minn.: $1.64 million

http://www.beckershospitalreview.com/compensation-issues/hospital-ceos-rank-among-highest-compensated-at-major-non-profits.html

* CIGNA CEO Edward Hanway, who retired in December 2009, got the usual excessive pay and stock options that year but also gave himself a $111 million pension package as a going-away gift. Combined with pay received by his successor, David Cordani, the company parted with $136 million in CEO compensation in 2009. That is enough money to pay for 204,000 infants to receive the recommended series of seven well-baby visits in their first year.
* CEO Stephen Hemsley of UnitedHealth Group banked $107.5 million in 2009, including $98.6 million from exercising stock options. Hemsley's total take would pay for up to 1.1 million women to receive mammograms.
* CEO Ron Williams of Aetna Inc. collected $18.1 million in total compensation last year, enough to enough to pay for 4,853 people to undergo arthroscopic knee surgery.
* CEO Angela Braly of Wellpoint Inc. got a 51 percent raise to $13.1 million in 2009. That amount would cover the cost of 2,500 hernia operations.

http://yubanet.com/usa/CEOs-From-10-Health-Insurers-Took-Nearly-1-Billion-in-Compensation-Stock-Options-in-Last-Decade.php#.UUxcv3y9KSM

The ACA is causing rates to go up?

 

green for victory

(591 posts)
3. the aca guaranteed their next bonus packages and assured that their children
Fri Mar 22, 2013, 09:44 AM
Mar 2013

and their children's children never have to lift a royal finger in their entire existence.

The ACA also entrenched a failed system for the foreseeable future.

BlueCaliDem

(15,438 posts)
5. Yep. Because President Obama knows that the U.S. is set to open two of their own health insurance
Fri Mar 22, 2013, 10:14 AM
Mar 2013

companies, most likely, come October 2013. They've been silently working on it since last year June:

WASHINGTON — The Obama administration will soon take on a new role as the sponsor of at least two nationwide health insurance plans to be operated under contract with the federal government and offered to consumers in every state.


The Heritage Foundation fears it and calls it, "a robust public option":
Robert E. Moffit, a senior fellow at the conservative Heritage Foundation, said he worried that “the nationwide health plans, operating under terms and conditions set by the federal government, will become the robust public option that liberals always wanted.”


These corporte-sponsored warnings serve two purposes: 1, to make American people turn against President Obama's signature bill, and 2, to make the American people turn against Democrats, or be disenchanted enough to stay home in 2014.

However, by doing this, they make ONE major mistake. This plays right into the hand of the U.S. government because in order for the U.S. sponsored health care insurance to be successful, they need a minimum of 750,000 people to sign up for their plan:
No one knows how many people will sign up for the government-sponsored plans. In preparing cost estimates, the Obama administration told insurers to assume that each national plan would have 750,000 people enrolled in the first year.


Propagandizing the plan to double health insurance premiums will most certainly guarantee that people will opt for the less expensive, more comprehensive U.S. sponsored public option, wouldn't it?

Read the full NYTs article here: http://www.nytimes.com/2012/10/28/health/us-to-sponsor-health-insurance-plans-nationwide.html?_r=0

madville

(7,404 posts)
4. The whole system will eventually implode
Fri Mar 22, 2013, 10:04 AM
Mar 2013

The question is will the government bailout the failed model or create what we all know will be a more efficient replacement.

It pretty much has to fall apart first and we are well on our way there, still going to suck for those suffering with high premiums and crappy coverage the next decade or two.

Latest Discussions»General Discussion»Health Insurers Warn on P...