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Old 03-13-2014, 08:34 AM   #21
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I think it's interesting that the current ACA policies for the over 60s aren't much cheaper than the recently departed high risk pools. It must be the maternity benefits
Premiums for ACA compliant policies are similar to large group rates. The outliers are individual underwritten policies, the rates much lower as a result of all the exclusions.
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Old 03-13-2014, 09:32 AM   #22
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This healthcare economist doesn't think the changes amount to much:

Impact of the “like it/keep” extension likely small and self-limiting | The Incidental Economist



The "kickbacks" are called "risk corridors" and were quite successful when Medicare Part D was implemented by the last administration. Currently, the economists and policy analysts who work in the field are also projecting that they will probably result in money flowing in the opposite direction. I don't think that Kudlow and the WSJ are good sources of information on healthcare policy. I prefer Uwe Reinhardt and the Kaiser Family Foundation as their interests are not political.

Informative article AllDone, and thanks. My only concern from the article is that it basically states things will be better because the penalties will change behavior by 2016 and force purchase. It appears now for several years into the future there will be no penalty for noncompliance as the article I assume was written prior to this or was unaware of it. The section of the article I also found interesting was the problems of predicting human behavior. Many of us here follow logical thought process in our minds and assume health insurance to be critical. Many people may not or would not have it, if it meant not having an iPhone. My favorite anecdotal example was an reporter asking people about their health insurance. A well dressed lady about 30 was asked the question and her response was she didn't know if she even had health insurance or not. But I would have bet every penny in my bank account she knew the model of her cell phone!



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Old 03-13-2014, 05:37 PM   #23
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That was the situation in my state, a healthy 50 yr old forced into a high risk pool. The insurer that controls the state market is also involved in underwriting the high risk pool. So they reject you for regular insurance and force you into the risk pool where they charge a lot more for a lot less insurance. Very high deductibles with annual and lifetime caps.
Yeah, I was always suspicious of this. Seemed like a serious conflict of interest.
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Old 03-13-2014, 05:39 PM   #24
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You're the only one I've heard of and I've heard of dozens of people that didn't make it. I'm assuming you went from employer coverage to COBRA and then to private insurance.

I've known people taking no meds, had no known issues, were of reasonable weight for their height and didn't get any regular private insurance. I think it's interesting that the current ACA policies for the over 60s aren't much cheaper than the recently departed high risk pools. It must be the maternity benefits
Well at least the policies for those in their 50s are quite a bit lower.
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Old 03-13-2014, 07:09 PM   #25
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This healthcare economist doesn't think the changes amount to much:
Impact of the “like it/keep” extension likely small and self-limiting | The Incidental Economist

The "kickbacks" are called "risk corridors" and were quite successful when Medicare Part D was implemented by the last administration. Currently, the economists and policy analysts who work in the field are also projecting that they will probably result in money flowing in the opposite direction. I don't think that Kudlow and the WSJ are good sources of information on healthcare policy. I prefer Uwe Reinhardt and the Kaiser Family Foundation as their interests are not political.
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Old 03-13-2014, 10:32 PM   #26
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My educated guess is that there will be no limit on premiums.

Remember health insurance premiums have been regulated for decades by the state insurance commission. Companies have not been free to say Joe was pay $400/month last year I think will jack up the rate to $800, unless they go the insurance commission to go along with premium increase.
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Old 03-13-2014, 10:46 PM   #27
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Remember health insurance premiums have been regulated for decades by the state insurance commission. Companies have not been free to say Joe was pay $400/month last year I think will jack up the rate to $800, unless they go the insurance commission to go along with premium increase.
FL's insurance commissioner is MIA and has been since I moved here almost 5 years ago. I understand that other states have active commissioners.
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