Wednesday, September 8, 2010

Healthcare costs up? - Complaints? You haven't heard nothing yet!

Summary From Wake Up America

WSJ reports:
Health insurers say they plan to raise premiums for some Americans as a direct result of the health overhaul in coming weeks, complicating Democrats' efforts to trumpet their signature achievement before the midterm elections.

Aetna Inc., some BlueCross BlueShield plans and other smaller carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the law, according to filings with state regulators.

These and other insurers say Congress's landmark refashioning of U.S. health coverage, which passed in March after a brutal fight, is causing them to pass on more costs to consumers than Democrats predicted.

The rate increases largely apply to policies for individuals and small businesses and don't include people covered by a big employer or Medicare.

About 9% of Americans buy coverage through the individual market, according to the Census Bureau, and roughly one-fifth of people who get coverage through their employer work at companies with 50 or fewer employees, according to the Kaiser Family Foundation. People in both groups are likely to feel the effects of the proposed increases, even as they see new benefits under the law, such as the elimination of lifetime and certain annual coverage caps.

Many carriers also are seeking additional rate increases that they say they need to cover rising medical costs. As a result, some consumers could face total premium increases of more than 20%.
Read the whole thing.

Article speaks for itself.


There are a couple of informative videos at the WSJ link and between those and what has been said above no-one has yet to mention the not yet implemented costs of installing electronic medical records which was widely discussed during the legislative process.  As I mentioned months ago look for General Electric to secure this lucrative contract while hackers prepare to delve into your personal life once the program is up and running.  Complaints?  You haven't heard nothing yet! ~ Norman E. Hooben

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