- Americans eat too much of the wrong kind of food, resulting in obscenely high obesity rates for the country.
- Our food chain is infested with overdoses of high fructose corn syrup, salt, and other unhealthy additives.
- Americans smoke too much.
- Americans do not exercise enough.
- The country is in serious need of health care tort reform.
- Barriers to insurance company competition across state lines need to come down.
- Obama Care never “followed the money” to find out who is actually profiting from the ever escalating healthcare costs in this country and how to get those factors under control.
- Obama Care never got the immense amount of fraud and abuse in current government healthcare programs, Medicare and Medicaid, under control in order to save money to efficiently fund other government health care initiatives.
- Obama Care never put serious research money towards curing the major diseases that drive high healthcare costs such as high frequency cancers and dementia type diseases.
- A whopping $7.9 billion was paid out to offset insurance companies’ losses.
- He concluded that insurance companies intentionally under priced their initial Obama Care policies in order to gain market share.
- This under pricing will require them to raise prices in the following years to offset their losses, especially when the risk corridor program vanishes and they are stuck with their own financials to deal with.
- Even worse than their underpricing is the reality that the insurers mix of customers included more older, sicker customers than expected with their expected enrollees of younger, healthier people to help pay for the other policyholders falling well below expectations.
- But the death spiral mode has now been set because as insurance companies raise their premiums and rates in the coming years, even more younger, healthier people will not sign up for these more and more expensive policies which will make the financial results even worse.
- Health insurance deductibles have risen six times faster than wages since 2010, according to the Kaiser Family Foundation.
- The average deductible has gone up from $900 to $1,300 since 2010.
- The article predicts, probably accurately, that more and more employers will be moving their employees to high deductible plans and that the deductible levels will continue to grow in the coming years despite of, or because of, Obama Care.
- With the whopping 40% Obama Care tax hitting so-called Cadillac insurance plans in 2018, many employers that currently offer these excellent insurance policies will be dropping them also, to avoid the 40% tax, moving their employees insurance coverage to less attractive high deductible plans.
- Many Americans are coming face to face with sticker shock on these higher and higher deductible plans with a recent Consumer Survey poll showing that on out of three respondents saying that they received a medical bill that was much higher than they expected as a result of escalating deductibles.
I am a 29 year old male with no children and I am used to about a 9% increase each year. No preexisting conditions or major medical problems. I only use it once every couple of years for a standard check-up and the premium went up 20% this time. Still not a huge jump like some will experience but it is just shy of a $30 a month increase or another $360 out of my pocket each year.
Kevin from Minnesota on October 11, 2013
More unfolding disasters tomorrow.