Big Obama Care rate hikes coming in 2016

Obama touted a $2500 reduction. Just when is that supposed to happen? Next decade?

Will Pistroh 7 Chilcoot please tell us how much your premiums have gone down. Thank You.

During his first run for the White House, then-Senator Obama said he intended to enact health care reform that would "lower premiums by up to $2,500 for a typical family of four."

"I will sign a universal health care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family's premium by up to $2,500 a year."
- June 23, 2007

UP TO $2,500, if the reforms he sought were passed by Congress. Meaning that would be the best result if he got his way, not the minimum or even average result.

Needless to say, the version of Obamacare that got through Congress nearly three years later differs significantly from the no-mandate program candidate Obama initially pursued. It's not universal, and it's got an individual mandate.

It's also a huge improvement over the health care mess we had in 2008 when we elected Obama in an landslide.

'Surprise'—Obamacare insurers desire double-digit hikes

*12% premium hikes on average
*Higher for popular plans

"
Many Obamacare customers could be looking at surprisingly large price increases next year—if insurers get their wishes.

Health insurance premiums for individual plans in major U.S. cities would rise by an average of 12 percent in 2016 if the newly proposed prices are approved, a new analysis finds.

And prices would increase even more—14 percent on average—for people enrolled in the most popular type of Obamacare plans, known as "silver" plans, the HealthPocket study reveals.

Customers insured in health maintenance organization (HMO) and exclusive provider organization (EPO) plans—which as a rule don't cover treatment from providers outside of their networks—would be facing average increases that are higher still—20 percent for HMO plans and 18 percent for EPO plans.


Bigger-than-expected rate hikes
"Given the rate of general inflation in the country, and the economic situation, the rate increases were surprising to us," said Kev Coleman, head of research and data at HealthPocket, a health-plan comparison tech company.

"I was expecting somewhere between the 6 to 8 percent range," said Coleman, whose company looked at proposed rates in and around the largest cities in 45 states for a 40-year-old nonsmoker.

HealthPocket's analysis comes on the heels of the federal government releasing information about only those insurers who are asking for price increases of 10 percent or more. The company looked at rate filing requests for all insurers in the major cities, not just those who want double-digit hikes.

The proposed prices, if approved, will come as a shock to the millions of Obamacare customers who pay the full retail price for their plans since they are ineligible for subsides that offset the cost of insurance for those with low and moderate incomes, Coleman said..."

https://www.cnbc.com/id/102746364?__source=xfinity|mod&par=xfinity

Yea..much different than 2500 dollar per family savings. Increases are still the opposite of decreases still, right?

So " insurers desire double-digit hikes?" Desire? Well I guess we all have our desires.

jatki, I bet you remember a time when you desired a double-digit something. That didn't happen either, did it?

HA! Well maybe not double digits, but I'm no slouch either.

Wow, talk about not getting a joke lol.

"UP TO $2,500, if the reforms he sought were passed by Congress"

Did he ever walk back that statement which he made at least 19 times by saying that due to the law those savings won't happen?

Since he didn't, that means he still meant what he said when he signed the law.

I like that forky & company are still pretending that those double digit increases aren't happening & ignoring the financial diificulties of several of the exchanges.

Just like that bit of keeping your old plans and doctors

and we know where that went didn't we?

Birds of a feather flock together. That liar in the White House and forkush and chilcoot deserve each other - liar's all. Don't take my word for it- just check out the rising costs and lowering healthcare benefits of Obeymecare....