Cheaper than what? What age group are you in? Do you have pre-existing conditions? I based my comparison against the state’s CHIPS program, but as I said before actuaries don’t have any historical data to establish the “right” level of premiums yet.
Then they may raise premiums even more, if the state regulators feel the insurance companies don’t have enough reserves to pay their claims.
Think about it. If you’re an actuary at an insurance company and you need to quote someone based on information you can’t possibly know and have to predict, do you:
I doubt they’re inflated. After all, we have seen the estimates do nothing but climb since Obamacare was passed. The actuaries I have seen expressing opinions are not insurance company people. One of the most depressing actuarial predictions is from the chief actuary for Medicare, who says that due to Obamacare, Medicare will soon pay less than Medicaid.
That’s exactly what the Obama did when he predicted health insurance would be cheaper under his plan.
That’s believable as Medicare is being kicked around more and more as a political football these days.
I doubt they are inflated. First the premium quoted, roughly $450 a month, is standard price now for someone without preexisting conditions, and represents a premium drop for me because I do have the preexisting conditions. Second, the premium quote represents something the insurance company is going to sell starting in two weeks so they shouldn’t be high balling it unless they don’t actually want to sell health insurance policies.
I think some of this premium may be refunded if 85% of the expenditures aren’t health related. I know it’s true of employer-based health insurance.
I think some of this premium may be refunded if less than 85% is spent on the insurance company’s health related claims, or something like that. I know it’s true of employer-based health insurance.
Source for that claim?
Of course, if the Fed continues its “easing” policy, I can easily see medical costs going up. In fact I can see prices and rates of everything going up.
I have lived in multiple countries which have had socialized medicine for many years (a very good concept I might add, since most causes of illness are related to the environment we live in) and none of them are communist. I’m not really sure how you got those ideas, but please investigate claims before repeating them.
For every requirement to increase reserves there should be an equal reduction in the number of mandates. Should women who purchase insurance really be required to pay for coverage of prostate screenings? Should unmarried people be required to purchase infertility coverage?
After today’s Fed announcement, I fully expect costs to rise. And if the Senate confirms Yellen, there will be no stop to the rise. And they’ll continue to hide these rising costs from the CPI.
Agreed
If you lived in such countries then you also know they provided abortion on deamand, fully supported the perversion of homosexuality, and probably had an age of consent around twelve years of age. They also probably had legal prostitution and legalized drug use and promoted the drug use through providing free needles and protected areas in which to do the drugs. All of which are against the teachings of the Church. If you thought these countries were so wonderful I don’t know why you consider yourself Catholic.
That would be true in the broadest sense, since bacteria and viruses are also part of the “environment we live in”. But it would not be true relative to that which most people consider part of the “environment”, e.g. allergens, airborne and waterborne toxins. When it comes to diseases, far and away most are caused by microorganisms.