Obamacare premiums to significantly spike: CBO

[DrLeftover]

March 9, 2015

Obamacare exchange customers could see a significant spike in their premiums over the next few years as insurers face pressures from both the government and the marketplace, the Congressional Budget Office said Monday in a new analysis finding Obamacare is both cheaper and less comprehensive than predicted.

The CBO said the exchanges and other new medical coverage under the Affordable Care Act will cost the government slightly more than half a trillion dollars over the next five years, which is about $200 billion less than than the $710 billion projected when the law was enacted in 2010.

Some of that is due to tweaks to the law, and to changing economic conditions, but the CBO and its fellow scorekeeper, the Joint Committee on Taxation, said medical care costs have also grown at a slower rate than projected, helping lower payments for both private care and for government programs such as Medicaid and Medicare.

http://www.washingtontimes.com/news/2015/mar/9/obamacare-premiums-spike-law-cheaper-expected/

 

[Dee]

Premiums spiked before this. Obama-care isn't helping, but I know I jumped plans quite a bit before this came into play well before he became our president.

 

[WHO IS SERAFIN]

Premiums spiked before this. Obama-care isn't helping, but I know I jumped plans quite a bit before this came into play well before he became our president.

10 and 20 percent jumps before obama care compared to 200 and 600 percent spikes is not even close. Now if we got government totally out of the health care industry once again like in the 1960s we could see actual competition among the hospitals to treat you for the best price and treatment.

 

[DrLeftover]

There are still those who accept everything Our Dear Leader and his government say and do without question.

 

[Dee]

Premiums spiked before this. Obama-care isn't helping, but I know I jumped plans quite a bit before this came into play well before he became our president.

10 and 20 percent jumps before obama care compared to 200 and 600 percent spikes is not even close. Now if we got government totally out of the health care industry once again like in the 1960s we could see actual competition among the hospitals to treat you for the best price and treatment.

That's probably a load of horse shit.  As far as I can tell, it would turn into a monopoly like the whole Comcast debacle and then you would have to pay out the ass for shitty and expensive services.  

 

[MrDawn]

Why the hell did he have to call it Obama Care?

 

[WHO IS SERAFIN]

Premiums spiked before this. Obama-care isn't helping, but I know I jumped plans quite a bit before this came into play well before he became our president.

10 and 20 percent jumps before obama care compared to 200 and 600 percent spikes is not even close. Now if we got government totally out of the health care industry once again like in the 1960s we could see actual competition among the hospitals to treat you for the best price and treatment.

That's probably a load of horse shit.  As far as I can tell, it would turn into a monopoly like the whole Comcast debacle and then you would have to pay out the ass for shitty and expensive services.  

No not really. You would have hospitals and doctors competing for you to use them which in turn lowers prices every time it is done.

Comcast debacle is because business and government have created crony capitalism. Crony capitalism is what obama care is.

"How One Oklahoma Hospital Is Driving Down The Cost Of Health Care By Thousands Of Dollars"

In Oklahoma City, one surgical center is successfully reducing the price tag for their procedures by thousands of dollars — and encouraging nearby hospitals to follow suit.
What’s the secret?
The two doctors who started the Surgery Center of Oklahoma, Dr. Keith Smith and Dr. Steven Lantier, are committed to charging fair prices, and they founded their hospital with the goal of price transparency. “What we’ve discovered is health care really doesn’t cost that much,” Dr. Smith told KFOR-TV. “What people are being charged for is another matter altogether.”
They have been posting all of their prices online for the past several years, and they charge significantly less than other hospitals in the area.
“When we first started we thought we were about half the price of the hospitals,” Dr. Lantier said. “Then we found out we’re less than half price. Then we find out we’re a sixth to an eighth of what their prices are. I can’t believe the average person can afford health care at these prices.”
After comparing the Surgery Center’s prices with the bills for the same surgical procedures at other Oklahoma City hospitals, KFOR-TV confirmed just how wide that gulf is. For example, a $3,500 breast biopsy at Surgery Center of Oklahoma will cost $16,244 at nearby Mercy Hospital. A hysterectomy jumps from $8,000 at Surgery Center to $37,174 at Integris Baptist Hospital. And the OU Medical Center consistently charges about $15,000 more than what the Surgery Center does for common procedures like open fracture repairs and gall bladder removal.
The two doctors started somewhat of a medical bidding war after they started publicizing their pricing options. People began traveling from out town and even from out of state to take advantage of the much lower bills at the Surgery Center — and other hospitals took notice. At least five other Oklahoma City-area medical facilities started posting their own prices online, and some of them are even beginning to lower their bills as their patients push for price-matching.
“Hospitals are having to match our prices because patients are printing their prices and holding that in one hand and holding a ticket to Oklahoma City in the other hand and asking that hospital to step up,” Dr. Smith pointed out.

http://thinkprogress.org/health/2013/07/10/2281401/oklahoma-surgical-center-price-transparency/


https://www.youtube.com/watch?feature=player_embedded&v=0uPdkhMVdMQ




Hell just look at the things in health care the government is not involved in. Like laser surgery for eye correction. When I did it 7 years ago it cost me $3,500 a eye. Now the price is going for around $1500 a eye. All because of competition and very limited government involvement.