Some health insurance rates soar

  • Article by: REED ABELSON , New York Times
  • Updated: January 5, 2013 - 10:12 PM

Double-digit hikes are in the works despite new law.

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  • Comments

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isbjornmydogJan. 5, 13 6:44 PM

Dear Government-stay out of concerns that you know nothing about. The new laws set this up to be this way and the increases will continue just to meet your demands! Free market is he only way to go!

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thankbhoJan. 5, 13 6:49 PM

It's beginning. Thanks again, Obama voters.

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elmore1Jan. 5, 13 6:59 PM

This is a predictable and unfortunate side effect of the new program. Good luck to all of us.

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ranger78Jan. 5, 13 7:17 PM

Prior to Obamacare, gov't intrusion in the healthcare had created a mess. Obamacare created far more gov't intrusion with the promise of lowering the cost curve. As predicted, Obamacare doesn't do what it was predicted to do. America gets the shaft again. Politicians would do well to get out of the business of messing the markets.

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sek2undrstndJan. 5, 13 7:17 PM

The only way to control these rate increases is using comparative effectiveness for medical procedures and medical malpractice tort reform.

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sek2undrstndJan. 5, 13 7:25 PM

Although rates paid by employers are more closely tracked than rates for individuals and small businesses, policy experts and federal officials say Obamacare has probably kept at least some rates lower than they otherwise would have been. "Insurers have already paid $1.1 billion in rebates, and rate review programs have helped save consumers an additional $1 billion in lower premiums,"

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martin64Jan. 5, 13 7:31 PM

Time for single payer. Get the insurance companies the heck out of the equation. They are just slitting their own throats.

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dflleftJan. 5, 13 7:37 PM

Aetna said in an interview with CNBC 10 days ago that premiums will double because of Obamacare. Didn't someone say we need to pass a healthcare bill so we find out whats in it?

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bej1bej1Jan. 5, 13 7:42 PM

It is not the government that is raising premiums. It is the insurance companies, and they are doing it only to increase profits. Even the insurance companies, when reporting results, admit that their claims costs have been going down for the past couple of years. So, clearly, there is no economic need for them to increase premiums. It is just that they can, as the increases are set by a few of the biggest insurers. They are operating as if they were a business trust, regulating their own profits. We need much stronger state or federal oversight of the operations of these big insurance companies.

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buskahJan. 5, 13 7:49 PM

This is why we should have had the single-payer option. Insurance companies will screw over the little guy every single time. Nothing like a CEO collecting $30-50 million a year in pay.

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