CBO: Healthcare Premiums will Remain Stable or Rise

CBO: Healthcare Premiums will Remain Stable or Rise

PostBy: Richard S. On: Mon Nov 30, 2009 6:50 pm

http://www.npr.org/blogs/money/2009/11/ ... e_for.html

Most Americans would not see much change in the cost of their insurance premiums as a result of the health care legislation pending in Congress, according to a widely awaited budget analysis. But millions of people who buy insurance on their own, rather than through work, could see higher costs, a fact that could become fodder for health reform critics.

The nonpartisan Congressional Budget Office released a study Monday that found the cost of insurance premiums for the nearly 80% of people who receive insurance through work or other group policies would remain stable or slightly fall by 2016, as compared to projections of premium prices under current law.


So much for that reform thingy....


Edit: to be clear apparently based on current projections. e.g the costs will continue to rise at the present rates.
Richard S.
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: ErikLaurence On: Mon Nov 30, 2009 6:59 pm

Richard S. wrote:
http://www.npr.org/blogs/money/2009/11/ ... e_for.html

Most Americans would not see much change in the cost of their insurance premiums as a result of the health care legislation pending in Congress, according to a widely awaited budget analysis. But millions of people who buy insurance on their own, rather than through work, could see higher costs, a fact that could become fodder for health reform critics.

The nonpartisan Congressional Budget Office released a study Monday that found the cost of insurance premiums for the nearly 80% of people who receive insurance through work or other group policies would remain stable or slightly fall by 2016, as compared to projections of premium prices under current law.


So much for that reform thingy....



We just did our renewal for our company. 55% increase year to year.
ErikLaurence
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: Richard S. On: Mon Nov 30, 2009 7:14 pm

Erik as I'm reading this it's comparing it to projections under current conditions:

http://www.cbo.gov/ftpdocs/107xx/doc107 ... emiums.pdf

Nongroup Policies CBO and JCT estimate that the average premium per person covered (including dependents) for new nongroup policies would be about 10 percent to 13 percent higher in 2016 than the average premium for nongroup coverage in that same year under current law.


The legislation would have much smaller effects on premiums for employment-based coverage, which would account for about five-sixths of the total health insurance market. In the small group market, which is defined in this analysis as consisting of employers with 50 or fewer workers, CBO and JCT estimate that the change in the average premium per person resulting from the legislation could range from an increase of 1 percent to a reduction of 2 percent in 2016 (relative to current law)
Richard S.
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: tvb On: Mon Nov 30, 2009 8:10 pm

Richard S. wrote:
http://www.npr.org/blogs/money/2009/11/ ... e_for.html

Edit: to be clear apparently based on current projections. e.g the costs will continue to rise at the present rates.


So in other words, it's a made up story about a non-story.
tvb
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: Richard S. On: Mon Nov 30, 2009 8:16 pm

Non story? If we are to reform Healthcare certainly getting a handle on the escalating costs should be a priority number one because without doing that what the hell are you reforming? If the analysis is correct the only thing we will be doing is creating another massive and unsustainable welfare program that will consume more and more resources because you're not addressing the cost issue.

The quotes in my second post are directly from the CBO analysis, it was released today.
Richard S.
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: ErikLaurence On: Mon Nov 30, 2009 8:17 pm

I don't know from CBO projections. All I know is that to offer my employees the same health coverage in 2010 as I did in 2009 will cost us 55% more.

What we ended up doing is doubling the deductible from $3000 to $6000. Even with that we're paying 10% more.

This is an anthem HSA plan.
ErikLaurence
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: tvb On: Mon Nov 30, 2009 8:38 pm

Richard S. wrote:Non story? If we are to reform Healthcare certainly getting a handle on the escalating costs should be a priority number one because without doing that what the hell are you reforming? If the analysis is correct the only thing we will be doing is creating another massive and unsustainable welfare program that will consume more and more resources because you're not addressing the cost issue.

The quotes in my second post are directly from the CBO analysis, it was released today.


I totally agree that reform HAS to do something about the runaway rate increases the insurance companies are allowed to impose. but unless health care reform is allowed to happen, there isn't a ghost's chance in hell that the insurance companies are going to stop their highway robbery. And unless strict controls are put in place and this probably includes a public option so that the robber barons have real competition, the rates are going to rise. Thus, it's a non-story utilizing scare tactics on the part of headline writers when they write that health care reform will lead to rising rates. The headline writer could just as accurately written "Without healthcare reform, rates are going to rise". You could just as easily write the headline from that report by saying, "Some people will see a 100% increase in rates" Those would be the ones that go without insurance now and will be affected by any mandates put into place. It's a true headline but just like with the one before it has a really high "Well, duh" factor in it.
tvb
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: SMITTY On: Mon Nov 30, 2009 9:01 pm

I currently have no health insurance because I can't afford it. Lucky for me, I'm somewhat healthy & managed to stockpile my asthma medication to last for a while. It's not just the insurance companies ..... it's the entire health industry. Doctors & drug companies are just as much to blame as insurance co's.

Reform or not, nothing is going to change. People will continue to be greedy. The only thing that will change is more money will be flying out of our pockets in the form of taxes to cover "people like myself". Thing is, I don't need the damn insurance ...... the state of MA says I do. :mad:
SMITTY
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: Richard S. On: Mon Nov 30, 2009 9:16 pm

tvb wrote:The headline writer could just as accurately written "Without healthcare reform, rates are going to rise".


Based on this analysis most Americans with Healthcare will see absolutely no change in the rise of rates which is the fundamental problem. If the bill does not address that it does nothing... NOTHING. What this bill will do is set the stage for government take over of a system that could be off the charts by that time since we are not addressing the cost issues. If you want to fix Healthcare you have to address escalating costs, identify why rates are skyrocketing and fix the damn problem.

I'll say it again, if you want reform the people we have elected to Congress have to piss off a lot of very powerful groups including Lawyers, the insurance Industry, big pharma and many others. Until they decide to get a set of testicles we are never going to see reform
Richard S.
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: TurboJoe On: Mon Nov 30, 2009 9:16 pm

Just today I got a letter saying my premium is going up $600 a year. That will make it $7000 a year, for the both of us then it's $14000 a year..
TurboJoe
 

Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: tvb On: Mon Nov 30, 2009 9:21 pm

Richard S. wrote:
tvb wrote:The headline writer could just as accurately written "Without healthcare reform, rates are going to rise".


Based on this analysis most Americans with Healthcare will see absolutely no change in the rise of rates which is the fundamental problem. If the bill does not address that it does nothing... NOTHING. What this bill will do is set the stage for government take over of a system that could be off the charts by that time since we are not addressing the cost issues. If you want to fix Healthcare you have to address escalating costs, identify why rates are skyrocketing and fix the damn problem.

I'll say it again, if you want reform the people we have elected to Congress have to *censored* off a lot of very powerful groups including Lawyers, the insurance Industry, big pharma and many others. Until they decide to get a set of testicles we are never going to see reform


What is your solution then? Every single republican (and a fair number of DINOs ) in congress is against the public option which would offer some hope of reining in prices through competition. Without competition or supposedly "unfair" controls on private business, how does one put a stop to runaway premiums?
tvb
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: Richard S. On: Mon Nov 30, 2009 9:36 pm

For starters you get rid of all the legislation that allows Insurance comapnies to monopolize the industry. You open it up so you can buy Insurance from anyone. I can choose from hundreds of Insurance companies for my car which seems to do wonders as pay practically nothing.

Secondly we address Tort reform.

Lastly and maybe most importantly we address administrative costs, this would require a fundamental shift in the way records and other things are kept. It would probably require a national database where your records would be stored and I'm sure many people will go off the handle about that but without addressing administrative costs you're really not going to get far. Such a shift would have to be carefully and prudently evaluated. The patient should have ultiamte control of these records, not the doctor, not the hospital, not anyone but the patient.

Such a sytem will work wonders in addressing many costs and could actually save lives as well.
Richard S.
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: stockingfull On: Mon Nov 30, 2009 10:12 pm

You also need to score fairly, and that means to take into account the benefits of investing in preventative care, which the CBO has been hesitant to do.


http://press.novonordisk-us.com/index.php?s=43&item=216
This link is broken, either the page no longer exists or there is some other issue like a typo.


This is something the insurance industry has known for well over a generation. I had one of the first HMO's offered to me by an HR person in 1974 -- for the same cost as straight BC/BS. And that HMO included everything that BC/BS covered. So the wellness care was free.

In healthcare, an ounce of prevention literally is worth a pound of cure. You can cover a whole lot of people for what it costs to treat a few really sick people. And you can keep those people from getting sick. There are hundreds of yachts owned by insurance barons which the CBO could look to as proof of the savings.

So, of all the groups in the healthcare debate, the insurance industry knows best of all that the CBO cost estimates are unrealistically high. Think they'll chime in with the truth???
stockingfull
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: titleist1 On: Mon Nov 30, 2009 10:54 pm

I have read a little of the supposed benefits the preventive care will magically provide. I do not have the faith in the general population that most others do regarding this preventive care savings. A very big percentage of healthcare dollars are spent on weight and diet related illnesses. I don't have the exact percentage, if I get time to google it and "trick" through the results I'll post it unless somebody beats me to it.

You see everyone currently has access to effective preventive care and I would guess that about 85% decline to use it. (And after noticing the shape of the other shoppers during my last trip to K-Mart to buy dogfood I would have to say I am probably low with that 85%). The preventive care I am talking about would involve getting off your fat azz and walking around the block once or twice for some exercise. That preventive care would involve eating something a little more healthy than the $.99 heart attack in a sack bought at the local choke and puke. That preventive care would involve teaching your kids that a little more actual exercise and a little less virtual exercise using their thumbs isn't a bad thing. People would rather take a pill than adjust their diet and exercise routine.

I believe that about 15% of the population would take advantage of the preventive care afforded them in the promised health care reform and the other 85% would be too lazy to get themselves or their kids to a doctor for the preventive treatment. By the way, that is probably the same 15% that is currently keeping themselves healthy by their own preventive care program.

I saw on one of the Direct TV freak shows recently a man that weighed 650 lbs before adjusting his diet and exercise. I was in and out of the house and didn't catch the total amount he lost, but he looked to be about 190 lbs on the "after" shots. He simply adjusted his eating habits and started exercising to trick his body into increasing its metabolism. He used the gland issue excuse for his obesity previously. He didn't need health care reform to get passed through congress, he just needed health care reform to get past his bucket of fried chicken and bag of big macs.
titleist1
 
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Re: CBO: Healthcare Premiums will Remian Stable or Rise

PostBy: tvb On: Mon Nov 30, 2009 11:02 pm

Richard S. wrote:
Lastly and maybe most importantly we address administrative costs, this would require a fundamental shift in the way records and other things are kept. It would probably require a national database where your records would be stored and I'm sure many people will go off the handle about that but without addressing administrative costs you're really not going to get far. Such a shift would have to be carefully and prudently evaluated. The patient should have ultiamte control of these records, not the doctor, not the hospital, not anyone but the patient.

Such a sytem will work wonders in addressing many costs and could actually save lives as well.


This alone would save millions. One of the biggest failures of our current system is the left hand doesn't know what the right hand is doing half the time and unless the patient knows how to advocate for herself, all sorts of unnecessary tests can take place. Trying to eliminate that redundancy is one of the good successes of HMOs by requiring referrals thus acting as a central depository for test results etc.

And yeah, what Titleist said, too.
tvb
 
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