Obama promised a $2500 savings and said it would "bend the cost curve down"
US family health insurance premiums
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what he promised and what Republicans allowed him to deliver were vastly different sausages. Also, it is likely that without the ACA that graph would look worse for those who would have been able to get comprehensive healthcare. There's a reason Rs were willing to deal.
You ought to see the auto and home premiums in comparison due to this economy. I have been in the industry 25 years. Nothing like it. On the auto side the inflation has just done things I never thought I would see. No one even mentions what inflation has done here. I have people daily making hard choices on even to own a car. Something that should be pretty simple. What comes with it is too expensive for some. I feel so bad for every person I hear from in their struggles. I just can’t believe anyone would sign up to make it worse.
State Farm reports monster loss for 2023
Policies up, record new policy volume
www.insurancebusinessmag.com
State Farm Underwriting Loss Climbs to $14B - Carrier Management
When State Farm reported a $13 billion underwriting loss for 2022, it was the largest in the auto insurance giant’s history. A year later, and another record. The underwriting loss figure climbed to $14 billion for 2023, with a nearly $5 billion underwriting loss for property lines outpacing...
www.carriermanagement.com
Competition in this industry will always give a fighting chance. But only to folks with great credit and a good claim history. Forget it otherwise.
Wait until the cost of 11 M uninsured illegals gets passed through + gender transition expense of prisoners & the transitioning of children! Not going to come down any time soon!
I went from less than $350.00 per month with a $3500.00 deductible to $1650.00 per month with a $6500.00 per person deductible but hey, if I decide I want my dork sawed off, I'm covered. The ACA was nothing but a shell game and there was NEVER a way you were going to cover more people, offer more services and save a substantial amount of money. Like everything else about O, it was just a slick con designed to give the government more power over the citizens and transfer money to their preferred constituents.
Dims had the majority so the pubs had no say. So quit that crap about the pubs, they changed the rules to pass it.
fundamental misunderstanding of how the legislative process works here.
and yet... most other industrialized nations are able to do it.
I would argue that most industrialized nations save money by limiting access and not by being incredibly efficient. Additionally, governments are able to shift costs in order to make project A look more efficient by charging portions of the costs to project B.
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Yes. Anyone in this industry knows what happened. There were so many indigent people being covered out there reform was necessary. The only thing that happened was the expense was passed along to people who will pay for their health insurance before anything else. And pay 400 percent more in some cases with a higher deductible. That was one of the big reasons Trump got elected imo. They messed with folks money. They the irs fined you for not taking out Obama care. The industry has worked around it. But it cost us some good doctors and hospitals. It didn’t fix the problem at all. I will give Obama credit for at least trying to fix a broken system. I am not sure he didn’t make things worse.
Yeah right, I have a Canadian neighbor that has told me multiple times that their socialized medicine system sucks balls. There are thousands of rich Canadians that come down to the States for surgeries every month.
Name one other industrialized nation that you can compare to the US. Ill wait.
Do you honestly want the Government involved in your health care ?
I cant even get mailed delivered to me in a timely fashion anymore.
access to healthcare in the US is nothing to cheer about.
I know many many people who do not have a primary care doctor (and mine just retired, so I guess I am among them!)
"In 2022, U.S. healthcare spending reached $4.5 trillion, which averages to $13,493 per person. By comparison, the average cost of healthcare per person in other wealthy countries is less than half as much."
socialism blah blah, but HALF?!
According to the dimwit Libs, the ACA was the greatest thing ever and you should be glad to have it.
I posted in another thread yesterday about the BCBS policy I had before they dropped me. I almost had to file for BK.
Last year I had an ACA policy through Ambetter for my healthy 22 yo son. The premium was more than my car payment and the ded was $8500. After I came to me senses I cancelled it after 3 months.
already is and has been. I don't hear people complain about Medicare.
thank DeJoy.
"he" being the negotiations - Rs had a part in it as you know.
It needs to be revisited, but we need a functional Republican party in order for that to happen. Same thing re: immigration, and you saw how that went - actual work gets shut down by Donald Trump and everything grinds to a halt.
I didn't say it was the greatest thing ever my man.
roll tape > "while the ACA is not the best of all possible worlds, it is better than the pre-existing condition of health insurance prior to its passage."
The US has 340 million people.
France has 67 mil, Germany has 85 mil, UK has 70 mil, all of those countries combined about half of the US. How do any of those compare to the US?
if you will only accept countries that have the same population as the US, then I am afraid you are unwilling to accept any comparison.
we are the wealthiest nation in the world by far. if we can't take care of our people - and healthcare statistics especially in red states and complaints like your own indicate that we cannot - then what are we even doing?
Cars are crazy, recently replaced 3 within a year and a half…bought new, it made better sense.You ought to see the auto and home premiums in comparison due to this economy. I have been in the industry 25 years. Nothing like it. On the auto side the inflation has just done things I never thought I would see. No one even mentions what inflation has done here. I have people daily making hard choices on even to own a car. Something that should be pretty simple. What comes with it is too expensive for some. I feel so bad for every person I hear from in their struggles. I just can’t believe anyone would sign up to make it worse.
State Farm reports monster loss for 2023
Policies up, record new policy volume
State Farm Underwriting Loss Climbs to $14B - Carrier Management
When State Farm reported a $13 billion underwriting loss for 2022, it was the largest in the auto insurance giant’s history. A year later, and another record. The underwriting loss figure climbed to $14 billion for 2023, with a nearly $5 billion underwriting loss for property lines outpacing...www.carriermanagement.com
Competition in this industry will always give a fighting chance. But only to folks with great credit and a good claim history. Forget it otherwise.
Good news is, all of the vehicles I replaced were great vehicles. They seem to last longer these days.
Hope the ones I replaced them with do the same.
3 things.if you will only accept countries that have the same population as the US, then I am afraid you are unwilling to accept any comparison.
we are the wealthiest nation in the world by far. if we can't take care of our people - and healthcare statistics especially in red states and complaints like your own indicate that we cannot - then what are we even doing?
Our debt is $35 TRILLION
Also, we are the policemen of the world and spend at least twice as much of our GDP on the military than any of these other countries.
Lastly, everyone's federal income tax would at least double and there will be almost no desire by politicians or support from taxpayers for this.
Obamacare is a disaster and going even further would destroy the economy and ultimately the country.
No, it's not. Now, I will be the first to admit the old system had some issues that needed to be addressed. One of those issues was the practice of collecting premiums for a decade or 2 and then pricing someone beyond their ability to pay if they became chronically ill. People were being screwed by insurance companies that had collected money to insure them from the situation they were in. Confronting this issue didn't require Nancy Pelosi and friends to write the only policies that would be allowed for sale.
Next, we did need a mechanism to assist those with pre-existing conditions but the answer wasn't to kick them off plans and force young and healthy purchasers to absorb their cost when they reapplied as potential insured with pre-existing conditions.
Finally, I shouldn't be buying maternity insurance and I should be able to choose if I want mental health coverage or gender transition coverage. Historically, I could keep my cost down by choosing the level of coverage I wanted, the items of coverage I would decline and the level of risk I presented to the insurance company. (healthy lifestyle choices) Now, I simply have to pay a premium price for a garbage product that features a yearly premium that is greater than my old total out of pocket exposure. I'd take my old policy at twice the rate tomorrow if I could buy a similar policy.
You think the princess, that has cancer, went thru the same process as the normal brits. Most die before they get treatment or deemed too old and just get pain meds.
My Blue cross for Family of 4 was $396/month prior. Immediately went to $1120 month when Obamacare was passed. No longer with Blue cross. Deductible increased. And worst of all, none of our doctors would accept the new crap. This was typical with ALL of the self employed people I know. Absolutely destroyed health insurance.
This is complete garbage.
How is it better if premiums have increased across the board 4X since it started?
You must work for the Government as much as you simp for them, my gd man.
Thank you, you said it better than I tried to. The US has 340 million people in it, 80% of them are either obese, out of shape or have pre existing conditions. Imagine the cost of insuring everyone now.
BUT GOVERNMENT MO BETTAH.
That’s absolutely ridiculous! Goes to show what the government take over of healthcare looks like. Commie gonna Commie!
And unless I missed it somewhere in this thread, the shortage of physicians certainly doesn’t help.
I would be fine if they left things as they are Can’t imagine it getting cheaper, or how tough it would be to even see a doc.
Thinks it all would be a disaster…..BWTFDIK.
Need to go back to private insurance and get rid of that government garbage.
I'm sorry for anyone who had an increase in their insurance premiums, but I am tired of hearing how bad the ACA was.
I seriously think you refuse to consider anything else just because it was a Democrat. This country is so divided it's like two countries. A poll shows 91% of the Democrats thought Harris won and only 14% of the Republicans agreed (just the debate and not who you are voting for).
My wife and I were paying $36,000 a year right before, because I couldn't get coverage for pre-existing conditions under a new policy, ACA would have been so welcome. Fortunately I was going on Medicare which has been great. So there are always two sides to everything.
The law is not perfect but moved in the right direction I believe. Unfortunately the two parties have not been able to move forward with any significant changes.
I seriously think you refuse to consider anything else just because it was a Democrat. This country is so divided it's like two countries. A poll shows 91% of the Democrats thought Harris won and only 14% of the Republicans agreed (just the debate and not who you are voting for).
My wife and I were paying $36,000 a year right before, because I couldn't get coverage for pre-existing conditions under a new policy, ACA would have been so welcome. Fortunately I was going on Medicare which has been great. So there are always two sides to everything.
The law is not perfect but moved in the right direction I believe. Unfortunately the two parties have not been able to move forward with any significant changes.
And that’s just another lie and it’s just a reason for the libs to continue to try to be like the new world order. We are a sovereign nation and not a part of this new world order.
If I am paying less but getting the same quality, I am all for it. The devil is in the details, until I see it…..I am good where I am.
As far as the debate goes, I think Kamala won that night too…..she was composed and delivered better. But her lies and half-truths were more believable to the uninformed.
The important issues like safety/border and inflation, Trump wins by a landslide.
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same - self employed and got screwed by a doctor who (selling Advair!) said I had asthma, which I didn't and don't, but thereafter I had a rider that said they wouldn't cover me for pulmonary care.
the point if fully implementing the system was that it would increase the risk pool - but most red states didn't adequately implement it. Most of the deep south still has not. So if you live in Georgia, yeah, you got screwed. I have BCBS out of another state and have since 2016, which is infuriating of course because while I am lucky to do so most cannot. BCBS is great.
as well, part of the problem was the participation of pharma and the insurance companies in the initial negotiations, which were a real shitshow. and a further part of the problem was Newt Gingrich and, subsequently, the Tea Party, which has led to the dysfunction of the Republican Party as an actual legislating thing.
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