The data suggests that Obamacare has capped big increases in healthcare premiums for 2015 says Forbes


The data suggests that Obamacare has capped big increases in healthcare premiums for 2015 says Forbes

For those of us who were uprooted from our previous insurance plan into one of the new Obamacare exchange plans, your mileage may vary. In my case, the premium went up. Others said they went down although to be fair, almost all of the plans on the exchanges are EPO plans, which do not allow for any out of network provider care. Basically, that means that if you visit someone outside of your network, you are on your own and the insurer wants no responsibility. Also, some of the newer networks have gotten smaller, with fewer choices of doctors.

Before you read this Forbes article and celebrate the Obamacare plans, you need to consider that most carriers raised premiums or reduced the size of their networks, eliminating certain providers who were unwilling or unable to afford to meet their price targets. Considering that Obamacare exchanges are a small part of the market place, and that they raised prices while limiting choice, the question is, what is healthcare value and since these plans serve a small portion of the market, while 50% of the employers self insure with major insurers, so you may not be able to tell if you are insured by a Blue Cross Blue shield plan or if your employer is just using them to process claims.

Check the article out yourself. I believe that until some true reforms come through, other than a way to insure more people as Obamacare does, we are unlikely to see decreases in our healthcare premiums that are meaningful. According to Forbes, the high end of the increases for certain plans is likely to be 6 percent, while other plans, especially subsidized plans may actually see a decrease. I will believe it when my decrease comes through.

Key Study On Obamacare 2015 Premium Rates Is Out And You Won’t Believe What’s Going To Happen

While political slanting continues to dominate the public’s opinion on Obamacare, there is nothing like throwing a few facts into the mix to cause people to begin scratching their heads in confusion.

One of the best sources of actual facts is the annual study done by theMcKinsey Center for U.S. Health System Reform.

Any self-respecting conservative knows all too well that McKinsey is immune from attack as an organization committed to presenting a left leaning political slant as it remains a bastion of business advice and a company that simply cannot be painted with a blue brush.

So, how do we explain the McKinsey findings, which reveal some awfully good news when it comes to premium rates, as Obamacare begins its second year sign up period beginning November 15?

We explain it by simply pointing out that when your sole approach to a program is based on your preferred political point of view, the truth may sometimes disappoint—even when the truth comes in the form of some pretty good news.

Here are the bullet points of the study:

  • Despite the cries of the Obamacare bashers that insurance companies would leave the exchanges in droves once they discovered how much money they are losing , it turns out that competition and choice are increasing as we head into 2015.

According to the McKinsey study, “In the 41 states releasing exchange participation carrier data, the number of health insurers increased by 26 percent between 2014 and 2015. In the 19 states with complete fillings, the number of products grew 66 percent, with most in the silver tier.”

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