Health Insurance premiums to see less of an increase under Obamacare

[MedStudent 56]

"The double-rate increases we've been hearing are probably exaggerated," says Dave Axene, a fellow with the Society of Actuaries, adding that there would be wide variation across the country. "That's not what we're seeing from the actuarial organizations I guess we're being a little bit more optimistic."

Axene says that as insurers dig through the new health exchange enrollees to figure out their ages and health conditions to determine next year's premiums, he expects an overall increase of 6% to 8.5%. He bases that on work he and others within the society have done with insurance clients. Before the Affordable Care Act, premiums rose an average of 7-10% a year.

 

 

Several new reports also hint at a bend in the health cost curve even as health spending picks up with the improving economy.

The change after years of large increases in how much health care costs seems to be coming for several reasons, the reports find: Americans are using their prescribed medications more often, which may be keeping them out of the hospital; payment systems have begun to reward quality over quantity, which has encouraged a team-based, data-driven approach; and record numbers of medications have been developed to address chronic disease, while older medications have come off their expensive patents.

The week's findings include a report from the IMS Institute for Healthcare Informatics that found that even as health care spending has rebounded with the economy, the growth rate remains lower than usual. In addition, the Congressional Budget Office (CBO) projected lower health insurance premiums than originally expected.

 

http://www.usatoday.com/story/news/nation/2014/04/16/lower-rise-in-health-care-costs/7515185/

[DankNuggs 305]

I don't get how they can't figure out who has paid for insurance, but they know premium increases before people have even begun using their new plans

[drobeski 3,061]

I don't get how they can't figure out who has paid for insurance, but they know premium increases before people have even begun using their new plans

its magic

[IGotWorms 3,302]

Yet more excellent news on this signature piece of legislation

[NewbieJr 540]

It's funny how the board Republitards bought every piece of info when the numbers were all bad. But now that a few positives are surfacing, the numbers are all bullsh1t.

[Googballz 39]

When are we going to see premiums DECREASE by 3000% like Obama promised?

 

 

[Googballz 39]

How can we be getting rate increases and save $2500 per family at the same time?

 

Seems like some fuzzy math stuff is going on.

[Phurfur 70]

It's funny how the board Republitards bought every piece of info when the numbers were all bad. But now that a few positives are surfacing, the numbers are all bullsh1t.

Because they are BS moron. They are deceiving the stupid. They will figure it out when they see their $5000 deductible

[NewbieJr 540]

Because they are BS moron. They are deceiving the stupid. They will figure it out when they see their $5000 deductible

It's funny how the board Republitards bought every piece of info when the numbers were all bad. But now that a few positives are surfacing, the numbers are all bullsh1t.

[MedStudent 56]

It's funny how the board Republitards bought every piece of info when the numbers were all bad. But now that a few positives are surfacing, the numbers are all bullsh1t.

 

The IMS Institute for Healthcare Informatics is a company that provides information services and technology for the healthcare industry. The healthcare companies rely on this information to make decisions going forward. The Society of Actuaries is an organization of actuaries, may of whom work for health care industries. They look at numbers and assess risks to their companies and help determine the amount of rate hikes an insurance company needs to make in order to remain profitable. The CBO is the non partisan governmental agency that makes economic forcasts for the Congress.

 

I don't know how you can trust their forecasts over guys like Hannity and O'Reilly.

[NewbieJr 540]

 

The IMS Institute for Healthcare Informatics is a company that provides information services and technology for the healthcare industry. The healthcare companies rely on this information to make decisions going forward. The Society of Actuaries is an organization of actuaries, may of whom work for health care industries. They look at numbers and assess risks to their companies and help determine the amount of rate hikes an insurance company needs to make in order to remain profitable. The CBO is the non partisan governmental agency that makes economic forcasts for the Congress.

 

I don't know how you can trust their forecasts over guys like Hannity and O'Reilly.

Just like the Foxtards think there are no non-partisan networks, there are also no non-partisan committees. You are either extremely far right or you are lying and covering sh1t up. It's a very humorous combination of paranoia and denial.

[Frank M 181]

 

The IMS Institute for Healthcare Informatics is a company that provides information services and technology for the healthcare industry. The healthcare companies rely on this information to make decisions going forward. The Society of Actuaries is an organization of actuaries, may of whom work for health care industries. They look at numbers and assess risks to their companies and help determine the amount of rate hikes an insurance company needs to make in order to remain profitable. The CBO is the non partisan governmental agency that makes economic forcasts for the Congress.

 

I don't know how you can trust their forecasts over guys like Hannity and O'Reilly.

 

 

Hannity should stick to the hard hitting spring break exposes.

[Googballz 39]

The IMS Institute for Healthcare Informatics is a company that provides information services and technology for the healthcare industry. The healthcare companies rely on this information to make decisions going forward. The Society of Actuaries is an organization of actuaries, may of whom work for health care industries. They look at numbers and assess risks to their companies and help determine the amount of rate hikes an insurance company needs to make in order to remain profitable. The CBO is the non partisan governmental agency that makes economic forcasts for the Congress.

 

I don't know how you can trust their forecasts over guys like Hannity and O'Reilly.

I trusted Obama when he said premiums would go down 3000%.

[Mike Honcho 4,010]

"The double-rate increases we've been hearing are probably exaggerated," says Dave Axene, a fellow with the Society of Actuaries, adding that there would be wide variation across the country. "That's not what we're seeing from the actuarial organizations I guess we're being a little bit more optimistic."

Axene says that as insurers dig through the new health exchange enrollees to figure out their ages and health conditions to determine next year's premiums, he expects an overall increase of 6% to 8.5%. He bases that on work he and others within the society have done with insurance clients. Before the Affordable Care Act, premiums rose an average of 7-10% a year.

 

 

Several new reports also hint at a bend in the health cost curve even as health spending picks up with the improving economy.

The change after years of large increases in how much health care costs seems to be coming for several reasons, the reports find: Americans are using their prescribed medications more often, which may be keeping them out of the hospital; payment systems have begun to reward quality over quantity, which has encouraged a team-based, data-driven approach; and record numbers of medications have been developed to address chronic disease, while older medications have come off their expensive patents.

The week's findings include a report from the IMS Institute for Healthcare Informatics that found that even as health care spending has rebounded with the economy, the growth rate remains lower than usual. In addition, the Congressional Budget Office (CBO) projected lower health insurance premiums than originally expected.

 

http://www.usatoday.com/story/news/nation/2014/04/16/lower-rise-in-health-care-costs/7515185/

 

While that's good news, the increases still are out-pacing inflation and wage increases, on the other hand, I guess I don't have to worry about socialism bankrupting the insurance industry.

[NewbieJr 540]

I trusted Obama when he said premiums would go down 3000%.

At least you have that to cling to.

[Mike Honcho 4,010]

When are we going to see premiums DECREASE by 3000% like Obama promised?

 

 

 

OMG!!!! He's the first president who's ever misspoke!!!! IMPEACH HIM!!!!

[Googballz 39]

I trusted Obama when he said every family would save $2500 on their insurance premiums.

[NewbieJr 540]

I trusted Obama when he said every family would save $2500 on their insurance premiums.

Pssst. Obama doesn't care if you trust him or not. Or like him. Nothing he could have possibly done would have ever changed your opinion of him.

 

But your whining doesn't change the findings of the article.

[crackattack 513]

Not a fan of Obama or Obamacare, but if true, that's great news. The CBO is used by both sides and pretty trusted. Good news if it works out.

[MDC 5,877]

I trusted Obama when he said every family would save $2500 on their insurance premiums.

We trusted you when you said you'd leave the forearm if Harry Reid won reelection.