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How do the insurance companies pay for the benefits their policies provide? Through premiums.
So if government creates new "benefits" the companies will raise premiums.
"Insurance companies are scrambling to raise revenue before the upcoming implementation of the first policies of the PPACA. After September 2010, every adult child can remain a dependent until age 26, and insurance companies cannot place any lifetime claim limits on enrollees. Some California insurers, such as Blue Shield of California, recently raised their premiums for businesses 58 percent to 75 percent. Tom Epstein, vice president of Public Affairs for Blue Shield, said that the company had to raise rates when it failed to accurately predict how the recession would affect the insurance market."
Why are they doing it now? Simple, government in 2014 is going to increase services, without allowing the insurance companies being able to raise their rates.
"With the Patient Protection and Affordable Care Acts establishment of state health exchanges, the regulation of premiums will only continue at a higher rate, both federally and at the state level. The U.S. secretary of Health and Human Services now has the duty of implementing a process for the annual review of unreasonable increases in premiums for health insurance coverage. The secretary will define unreasonable as he or she sees fit. These measures attempt to confront the climbing costs of health care in the United States, which many decry as excessive at 16 percent of GDP."
As usual, government is the cause of the pain felt by the American people. Don't blame the insurance companies if you can no longer afford health care insurance. Blame the members of Congress that voted for this--and blame Barack Obama for your physical, financial and emotional pain. Unlike Bill Clinton, Barack does not "feel your pain"--he loves it.
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So if government creates new "benefits" the companies will raise premiums.
"Insurance companies are scrambling to raise revenue before the upcoming implementation of the first policies of the PPACA. After September 2010, every adult child can remain a dependent until age 26, and insurance companies cannot place any lifetime claim limits on enrollees. Some California insurers, such as Blue Shield of California, recently raised their premiums for businesses 58 percent to 75 percent. Tom Epstein, vice president of Public Affairs for Blue Shield, said that the company had to raise rates when it failed to accurately predict how the recession would affect the insurance market."
Why are they doing it now? Simple, government in 2014 is going to increase services, without allowing the insurance companies being able to raise their rates.
"With the Patient Protection and Affordable Care Acts establishment of state health exchanges, the regulation of premiums will only continue at a higher rate, both federally and at the state level. The U.S. secretary of Health and Human Services now has the duty of implementing a process for the annual review of unreasonable increases in premiums for health insurance coverage. The secretary will define unreasonable as he or she sees fit. These measures attempt to confront the climbing costs of health care in the United States, which many decry as excessive at 16 percent of GDP."
As usual, government is the cause of the pain felt by the American people. Don't blame the insurance companies if you can no longer afford health care insurance. Blame the members of Congress that voted for this--and blame Barack Obama for your physical, financial and emotional pain. Unlike Bill Clinton, Barack does not "feel your pain"--he loves it.
More...