You wanted to know the factual basis for rate increases related to Obamacare....I addressed that. Now...please do me a favor...tell me how Obamacare addresses all this corporate greed that's so rampant in the healthcare industry?Ah, but where did I state the greed is only on the insurance companies? Some is there, some is politicians who let them do rate hikes, and some of the greed is directly from the medical industry.
But also, even in the few places with insurance regulation for rate control, the trust for regulation is left up to them. Because of the nature of insurance is based off on variables that can change, insurance companies can do all sorts of fun "predictive" formulas to come up with a rate number based on what they think they need to charge to insure people and make profit. Point being, if no claims are ever made in a year, all money paid to them is pretty much profit. Not that this scenario will ever happen, but it is a true statement. So the basically "guess" at their risk of payouts and decide what to charge.
However, looking at many financial statements released by some insurers, there is a history of higher profit gains year after year for the past decade. Yet, even with higher profit gains, the rates are still increasing. Reminds me of the oil industry Anyhow, you can start reading here http://en.wikipedia.org/wiki/Insurance and then google for profit rates of various companies. You won't find all of them, and those you do find will more than likely surprise you. And if you get surprised by the released data you do see then think about those companies that don't release data.
You wanted to know the factual basis for rate increases related to Obamacare....I addressed that.
Now...please do me a favor...tell me how Obamacare addresses all this corporate greed that's so rampant in the healthcare industry?
I explained to you how the process worked...that insurance companies can't arbitrarily raise rates for Obamacare without actuarial evidence supporting their proposed increase. This evidence is reviewed by the State and approved/denied based on this information. Many insurance companies have successfully applied for rate increases (typically ranging from 3% to 6% based) which shows the direct link to changes mandated by the new health care law.Wait what? Where did you address that? Where did you provide a direct link between the health care law and rate increases? Even if you did, which you didn't, then that proof would be universal. So why are rates lowering for many insurers? I'll field that for you. Because there is no direct links. It's smoke being blown up your ass at the moment as an excuse by some insurance companies. Not stating that in the future that may not be true. But as for the present it is.
Not a strawman...I said it to make a point that apparently eluded you.Strawmen do as strawmen does. What the hell do I have to prove anything in regards to this? I never made such a claim or statement that the health care laws will address corporate greed.
Why are Democrats not proud of the healthcare bill? I dont see any of them championing it in their campaign adds
Gee...could it be because the repubs and blue-dogs had to have their way to get enough votes?? So it got gutted.
Blaming it on Republicans....when they had 0 power to stop it.
lol
Blaming it on Republicans....when they had 0 power to stop it.
lol
Reading is fundie-mental...also mentioned the blue-dog dems as well.
I explained to you how the process worked...that insurance companies can't arbitrarily raise rates for Obamacare without actuarial evidence supporting their proposed increase. This evidence is reviewed by the State and approved/denied based on this information. Many insurance companies have successfully applied for rate increases (typically ranging from 3% to 6% based) which shows the direct link to changes mandated by the new health care law.
Blaming it on Republicans....when they had 0 power to stop it.
lol
Were you living under a rock during the healthcare debate? Republicans and conservative Democrats abused the filibuster to get their way.
Kind of like how Democrats abused the rules of the Senate to even have enough votes?
WTF are you talking about?
WTF are you talking about?
Don't play stupid.
We need 60 votes!
Scott Brown gets elected
...
We need 51 votes!
Wow...I guess that means the insurance companies can use any damn excuse they want to raise rates any time they damn well please! Those sneaky bastards!And as stated before, they've been raising rates for over a decade in leaps larger on average than the past year has been. They were not able to use the new healthcare law as an excuse for rate changes all these previous years, but now they are using this new law as the new excuse. Again, I am pointing out that the law is an EXCUSE not a direct correlation, let alone a causation. If rates had been stagnate for a year or two before the law passed, then there would be a correlation at least. But no they haven't. Again, claims to the effect do not show a direct link to anything.
Wow...I guess that means the insurance companies can use any damn excuse they want to raise rates any time they damn well please! Those sneaky bastards!
I've been working in this industry my entire career and I learn something new everyday. HumblePie...you never cease to amaze me with how much you know. Thanks for reminding me.
This isn't 60 votes?Don't play stupid.
We need 60 votes!
Scott Brown gets elected
...
We need 51 votes!
Meh. Rates have been going up like crazy for the last 10 years, even under glorious President Bush.