Thanks To Obamacare, New Yorkers’ Health Insurance Premiums Will Plunge 50 Percent

Discussion in 'Too Hot for Swamp Gas' started by tommike, Jul 17, 2013.

  1. tommike
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    tommike New Member

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    Thanks To Obamacare, New Yorkers’ Health Insurance Premiums Will Plunge 50 Percent

    By Igor Volsky on Jul 17, 2013 at 8:34 am

    Health care premiums on the individual market will tumble by at least 50 percent as a result of the Affordable Care Act, the New York Times reported on Wednesday. The state joins Oregon, Montana, California, and Louisiana in reporting lower than expected rates in the law’s new health care marketplaces.

    Economists expected the law to significantly decrease premiums in the Empire State, which in 1993 prohibited insurers from denying coverage to individuals with pre-existing conditions, required carriers to charge “all consumers the exact same rate,” but did not compel young and healthy people to enroll in coverage. As a result, insurers dramatically increased prices and enrollment in the individual market “steadily diminished.” Today, just 17,000 New Yorkers “buy insurance on their own.”

    The health law’s requirement to purchase insurance and the managed competition structure in the new exchanges will now increase enrollment, state officials predict, as New Yorkers will see lower premiums and will be able to choose from 17 different insurance plans when enrolling in coverage in October:

    Beginning in October, individuals in New York City who now pay $1,000 a month or more for coverage will be able to shop for health insurance for as little as $308 monthly. With federal subsidies, the cost will be even lower. [..http://thinkprogress.org/health/2013/07/17/2313111/thanks-to-obamacare-new-yorkers-health-insurance-premiums-will-plunge-50-percent/
  2. Row6
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    Row6 New Member

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    Saw that. Also from the NYT's article:

    "The rates for small businesses, which are considerably lower than for individuals, will not fall as precipitously. But small businesses will be eligible for tax credits, and the exchanges will make it easier for them to select a plan. Roughly 15,000 plans are available today to small businesses, and choosing among them is particularly challenging.

    “Where New York previously had a dizzying array of thousands upon thousands of plans, small businesses will now be able to truly comparison-shop for the best prices,” said Benjamin M. Lawsky, the state’s top financial regulator."

    http://www.nytimes.com/2013/07/17/h...t-for-new-yorkers-set-to-fall-50.html?hp&_r=0
  3. 108
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    108 Premium Member

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    read this article this morning

    looks like the exchanges are bringing in some much needed free-market competition that has been missing

    NY is taking advantage while red states will dick around for as long as possible just to be a thorn
  4. gatorman_07732
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    gatorman_07732 Well-Known Member

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    oh boy

    http://www.nationalreview.com/corner/353639/times-falsely-claims-obamacare-cuts-ny-health-premiums-50-percent-avik-roy

    But then again, if it comes from the NYT then it has to be true right?
  5. pecks
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    pecks Member

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    Wait until the truth comes out. Devil is always in the details, and with Obamacare the details are the devil!!
    • Like Like x 1
  6. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Igor wrote this story? Yeah I trust an Igor with the truth about that boondoggle.

    I'll bet Igor works for Putin.
  7. exiledgator
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    exiledgator Gruntled Premium Member

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    Everyone named Igor is a commie. Everyone knows that.
  8. LeesGator
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    LeesGator Active Member

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    The article does not make much sense. It talks about the decreasing costs, then it goes on to say it will be easier since there will be fewer competing in the exchange, then the article ends by saying it will not be cheaper for everyone. So which is it?
  9. ThePlayer
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    ThePlayer VIP Member

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    Funny, but I read the exact opposite about premiums here in California...they will most likely rise considerably.
    Kaiser Permanente has already decided to charge the highest fees, believing the sickest uninsured will sign up first.
    Unless those under 30 participate in droves to offset the older patients, this little experiment will fail miserably.
  10. DaveFla
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    DaveFla Well-Known Member

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    Payola for those who helped get that fool elected while those who voted against him will have to pay the bill.

    Quid pro quo..
  11. rivergator
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    rivergator Well-Known Member

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    how so?
  12. Bushmaster
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    Bushmaster Well-Known Member

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    This article basically states that NY's insurance laws were so jacked up that obamacare actually brought them down a bit. $1000 a month for an individual policy???? OUCH!!! My family plan is less than that.

    So, obamacare fixed NY's problem. But how many states will insurance premiums rise?
  13. PSGator66
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    PSGator66 Well-Known Member

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    One state if that? Great!
  14. DaveFla
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    DaveFla Well-Known Member

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    How do you think these premiums were able to go down?

    HINT: mine went WAY up...
  15. Gatorrick22
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    Gatorrick22 Well-Known Member

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    Maybe not, but anyone that thinks Obama-care will lower their healthcare costs road the short bus to school. Anyone!
  16. rivergator
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    rivergator Well-Known Member

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    I'm simply asking where you think the payola is. So Obama paid New York at the expense of Florida? That's why NY's going down and yours is going up?
  17. mocgator
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    mocgator Well-Known Member

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    I'm willing to make a bet that this doesn't actually come to pass. AND universal coverage is not universal treatment... so this whole discussion is moot anyways. What good is insurance that few doctors will actually accept??
  18. GatorFanCF
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    GatorFanCF Premium Member

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    Here's the analogy to this piece from the NYT:

    NYState's automobiles are so overburdened by state laws requiring extra safety features that they only get 3 miles per gallon. However, Obamacare's little known provision requires all participants who drive in NY to push their car at least 10 miles per day, resulting in greater fuel efficiency for all NY drivers!!! HOORAY!! Greater gas mileage, less carbon emissions, less global warming/change, more fit and stronger state residents!!! Is there NOTHING this Obamacare cannot do? The brilliance is mind blowing.
  19. secgator
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    secgator Well-Known Member

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    Mine is going up 30% in August...and the Husseintaxcare hasn't even kicked in yet.

    But a libbie says it will go down so all is well.

    What a laugher.
  20. rivergator
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    rivergator Well-Known Member

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    link

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