Obamacare's 2017 Insurer Rate Requests Are Mostly for Double-Digit Hikes

[AntiBank]

http://www.fool.com/investing/general/2016/05/29/this-is-bad-obamacares-2017-insurer-rate-requests.aspx

The Patient Protection and Affordable Care Act (as it's officially known), or Obamacare (as it's more commonly known), has had quite the tumultuous ride since being signed into law in March 2010.

Based on near-monthly data from the Kaiser Family Foundation's Tracking Poll, the vast majority of Americans don't like Obamacare. Despite this general apathy toward the health law of the land, it still managed to enroll 12.7 million people through its marketplace exchanges for the 2016 enrollment period -- and this doesn't count the millions of other individuals and families who've gained coverage in 31 states through the expansion of Medicaid coverage. According to both Gallup's first-quarter survey and the latest data from the Centers for Disease Control and Prevention (which also includes Medicare enrollees), uninsured rates are at their lowest levels on record as of Q1 2016.

Affordability remains a key concern
But one problem has plagued Obamacare since day one: cost. Although Obamacare's regulations opened the door for many low-income individuals and families to get health insurance, many middle-class families are struggling with rising premium and deductible costs. And since the individual mandate requires everyone to purchase health insurance or pay a shared responsibility payment come tax time, it's leaving millions of Americans with a tough, seemingly no-win choice of struggling to meet their health insurance payments or paying a penalty.

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New York: According to the New York State Department of Financial Services, insurers in New York are requesting hikes ranging from as low as 6.1% to as high as 89.1%, with a weighted average on the individual market of 17.3%. UnitedHealth, which only covers 2% of New York's Obamacare enrollees, requested an increase of (and I hope you're sitting down for this) 45.6%!

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more


Hillary's ObamaCare problem

http://thehill.com/policy/healthcare/281579-hillarys-obamacare-problem


Obamacare Is Failing -- On Purpose?

http://www.forbes.com/sites/sallypipes/2016/05/30/obamacare-is-failing-on-purpose/#6d349493edd1


UnitedHealthcare leaving Illinois Obamacare exchange

http://www.chicagobusiness.com/article/20160531/NEWS03/160539973/unitedhealthcare-leaving-illinois-obamacare-exchange


UnitedHealth To Exit California’s Obamacare Market

http://khn.org/news/unitedhealth-to-exit-californias-obamacare-market/


Here's how much the price of Obamacare changed this year for every state in the US (2015-16 rates)

http://nordic.businessinsider.com/obamacare-price-change-for-every-state-in-us-2016-5?r=US&IR=T




we need single payer

[Skink]

1. Glad to be rid of United

So far the modest hike in premiums I have seen has resulted in me not paying extra on claims later. I am more happy with tha ACA than ever.

[Jackie Wilson Said]

2. Yes, we need single payer, but the LAST Thing we need is to end ACA unless

single payer is an option.

Drumpf the sociopath narcissist will end ACA and replace it with nothing.

[Skittles]

3. gee, imagine that?

who could have seen that coming?

[hill2016]

4. lots of insurance companies are making losses on the individual exchanges

due to people gaming the system and the young/healthy millennials not buying into it as much as they were supposed to. The special enrollment periods are not enforced enough. Lots of people are signing up just before they need insurance and dropping it right away.

Ultimately, it's the people in the middle (too rich to get subsidies) who will have to pay for these abusers.

[Trajan]

5. When are we going to tell them 'No!' ?

Where is the fight against GOUGING in the medical insurance business ?

The marketplace + Obamacare = We're just carnival marks in a contrived marketplace designed to extract maximum profits while providing minimal service ...

Some marketplace ya got there, Neoliberal ....

[Dont call me Shirley]

6. WE NEED SINGLE PAYER HEALTHCARE....

which includes alternative treatments!