Just a paltry 31% for Oklahoma in 2016. Guess no one is surprised?
http://www.nytimes.com/2015/07/04/u...mpanies-seek-big-rate-increases-for-2016.html
I'm not..... I posted last years when it was 24%. They knew it was going to be worse this year.
Surprised No One's Talking About the Big Obamacare Rate Hike Requests???
- Thread starter Glocktogo
- Start Date
I'm not..... I posted last years when it was 24%. They knew it was going to be worse this year.
This is one of the biggest reasons I stopped being self employed a few years ago. Just saw what was coming and wanted employer health insurance.
That aside, the economy seems to be doing poorly in OK. Can't quite put my finger on it but when I see lots of vacant buildings for lease in business districts and I hear people chatting about it things aren't good. Upping insurance costs by that amount will be devastating to an already frail economy (nation-wide included). So a 55% jump in cost from 2 years ago? Dang.
That aside, the economy seems to be doing poorly in OK. Can't quite put my finger on it but when I see lots of vacant buildings for lease in business districts and I hear people chatting about it things aren't good. Upping insurance costs by that amount will be devastating to an already frail economy (nation-wide included). So a 55% jump in cost from 2 years ago? Dang.
Something is wrong here ...
Where is Ace to parrot DNC talking points about B HO Care?
Where is Ace to parrot DNC talking points about B HO Care?
People who are new to free healthcare services tend to be sicker, lead lives that are more unhealthy, and use those new services a lot. We're seeing these costs percolate through the system now.
Wasn't there also some issue with the ACA being written so that the insurance companies would get "assistance" from the government with paying for the medical treatments and such? If the insurance companies are paying out a lot more than they are taking in, perhaps the government IS providing that additional assistance?
No. The ACA was written for the consumer to get gov. assistance with paying their premium.
Yes, it's called a risk corridor.
More here
http://kff.org/health-reform/issue-...sk-adjustment-reinsurance-and-risk-corridors/
When I'm wrong I'm wrong, never even heard of this. Wonder what's gonna happen when it's temp status expires?
It's gonna be a mess.
It's my understanding that the large hikes requested in the OP are on the part of the insurance companies who took on more risk and as such they would be granted relief from the companies that took on less.
The actual rate hikes that the consumer sees would be much less, probably high single digits.
The obvious flaw in this is that every insurance company is incentivized to cook the books a bit and report larger losses, or smaller profits, than they really are in order to gain reimbursement.
Next comes the federal probes and indictments for health care fraud is my guess.
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