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Well, my health insurance premiums are going up 15% next year
Old 10-04-2006, 10:52 AM   #1
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Well, my health insurance premiums are going up 15% next year

Just got my renewal package. I was planning for a 10% increase, but the bastards went up 15% on me, almost a $100 per month increase.

With these increases, I may have to change my name to retire@41.
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Re: Well, my health insurance premiums are going up 15% next year
Old 10-04-2006, 11:10 AM   #2
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Re: Well, my health insurance premiums are going up 15% next year

I haven't received mine but the rates BCBS show on their website indicate a 10% increase for me. 10% a year for the next 13 years(medicare age), I will be paying over $600/mo for a high ded catastrophic plan in year 13. Thats a single rate. And it will probably be closer to $1000/mo as 10% is probably a conservative number.
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Re: Well, my health insurance premiums are going up 15% next year
Old 10-04-2006, 11:30 AM   #3
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Re: Well, my health insurance premiums are going up 15% next year

Did you move into a new age-group?
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Re: Well, my health insurance premiums are going up 15% next year
Old 10-04-2006, 12:00 PM   #4
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Re: Well, my health insurance premiums are going up 15% next year

Quote:
Originally Posted by TromboneAl
Did you move into a new age-group?
Yes, that's part of the problem, but the increase is still outrageous. IIRC, the increase was about 10% last year without the age-group effect.
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Re: Well, my health insurance premiums are going up 15% next year
Old 10-04-2006, 12:09 PM   #5
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Re: Well, my health insurance premiums are going up 15% next year

Many keep saying this type of stuff can't be sustained long-term, which I agree with. I guess the question becomes - how long does it last and how out-of-control do the rising prices get before something truly changes........?
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Re: Well, my health insurance premiums are going up 15% next year
Old 10-04-2006, 01:14 PM   #6
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Re: Well, my health insurance premiums are going up 15% next year

Quote:
Originally Posted by bow-tie
Many keep saying this type of stuff can't be sustained long-term, which I agree with. I guess the question becomes - how long does it last and how out-of-control do the rising prices get before something truly changes........?
To butcher Mencken, it'll last long enough to ensure that we can no longer afford coverage.
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Re: Well, my health insurance premiums are going up 15% next year
Old 10-04-2006, 08:30 PM   #7
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Re: Well, my health insurance premiums are going up 15% next year


I'd like to know: who's getting the money?
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Re: Well, my health insurance premiums are going up 15% next year
Old 10-04-2006, 08:56 PM   #8
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Re: Well, my health insurance premiums are going up 15% next year

One doctor I recently started going to says 15% is admininstrative, which is the piece BCBS is most responsible for. I am always ticked off and amazed the way the issue the EOB statements........One doctor visit generates 2-4 EOBs for doctor. lab, pharmacy, etc which repeat 4-6 months till they are finally paid at a fraction of a fraction of reasonable and customary. Imagine if Visa sent individual statements for each item you charged? It would seem more efficient to me if they would list all activity by date and status as of current statement date (paid, pending, rejected, or whatever
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Re: Well, my health insurance premiums are going up 15% next year
Old 10-05-2006, 12:10 AM   #9
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Re: Well, my health insurance premiums are going up 15% next year

Quote:
Originally Posted by timo
I'd like to know: who's getting the money?
CEO compensation of insurance companies; unnecessary or redundant tests; unproven, sometimes unwanted procedures; overpriced drugs and medical devices; ...... etc
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Re: Well, my health insurance premiums are going up 15% next year
Old 10-05-2006, 11:35 AM   #10
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Re: Well, my health insurance premiums are going up 15% next year

Quote:
Originally Posted by Spanky
CEO compensation of insurance companies; unnecessary or redundant tests; unproven, sometimes unwanted procedures; overpriced drugs and medical devices; ...... etc
Excessive compensation of CEO's irks me too Spanky, but I doubt that even if they worked for free it would have much impact on rates.
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