Quote:
Originally Posted by PaulS
The benefit exchanges won't start until 2014 so the impact of covering the uninsured won't happen for a while although I understand what you're saying about ramping up premiums (but don't believe that is happening). There are regs. in place so currently on a fully insured plan, the insurer has to refund $s to the comp./emp. if the loss ratio is lower than the regs. If you work for a larger employer, you're probably self insured and the new mandates that have been already put in place didn't impact the cost that much. Supposedly there is a long article in Time mag. about how costs at hospitals are out of control - and that has nothing to do w/Obama care.
And Johnny's said that his cost went up in 2012 $2,500 b/c of Obamacare (not what will happen in 2014).
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"If you work for a larger employer, you're probably self insured and the new mandates that have been already put in place didn't impact the cost that much."
Huh? If I run a large compoany that self-insures, these changes increase my expected loss costs by the same amount as they would increase if I was a health insurance company. Large companies that self insure, typically self-insure the lower end of costs. They buy insurance policies for the catastrophic stuff. And their employees pay a portion of the premium.
Paul, you keep making assumptions (like you don't believe premiums are being ramped up, and that if you work for a large company, your premiums haven't gone up much) that are wild speculation at best, demonstrably false at worst.
Healthcare costs are not going down as the Messiah promised they would.
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