Today in Washington, D.C. - Jan 28, 2011: The Truth About Premiums Under Obamacare: They're Going Up
The Senate will reconvene on Monday, when Senate Majority Leader Harry Reid says he’d like to take up the FAA reauthorization bill. Yesterday, an attempt by some Democrats to use the nuclear option to do away with the filibuster using only 51 votes died quietly when Reid agreed he would not make such a move.
Also yesterday, the Senate voted down 3 proposals from liberal Democrats to weaken the filibuster. A proposal from Sen. Tom Harkin (D-IA) to gradually reduce the votes required to invoke cloture was defeated by an overwhelming 12-84 vote. Also defeated was a package of rules changes pushed by liberals and championed by Sen. Tom Udall (D-NM) by a vote of 44-51. And an attempt by Sen. Jeff Merkley (D-OR) to require “talking filibusters” was defeated by a vote of 46-49. All three would have needed a two-thirds majority to pass.
However, the Senate did adopt modest rules adjustments, voting 92-4 to adopt a resolution offered by Sens. Chuck Grassley (R-IA), Claire McCaskill (D-MO), and Ron Wyden (D-OR) to eliminate secret holds, and 81-15 to adopt a resolution offered by Sen. Mark Udall (D-CO) to allow a forced reading of an amendment to be skipped only if it has been publicly available for 72 hours. (A longer delay than most forced readings would afford.)
According to a Politico report today, “The Obama administration is firing back at one of the major attacks Republicans have leveled at the health reform law: that it will make insurance premiums rise. The report, to be released by HHS later today, argues that individuals and families purchasing coverage through the exchanges in 2014 will save 14-20% over what coverage would cost them if the law had never been enacted. The report points to ‘preliminary evidence’ that provisions of the Affordable Care Act already in place will contribute to rate increases in 2011 that are lower than in previous years.”
Unfortunately, none of this matches the reality of President Obama’s unpopular health care law. In fact, the “preliminary evidence,” to borrow a phrase, points to “huge” premium hikes across the country. At the beginning of the month, the Los Angeles Times reported, “Another big California health insurer has stunned individual policyholders with huge rate increases — this time it’s Blue Shield of California seeking cumulative hikes of as much as 59% for tens of thousands of customers March 1. . . . San Francisco-based Blue Shield said the increases were the result of fast-rising healthcare costs and other expenses resulting from new healthcare laws.”
A week later, The Wall Street Journal reported, “California isn’t the only state seeing premiums continue to rise. . . . In Vermont, MVP Health Care is raising premiums for some Catamount products by about 21%.” KCCI in Des Moines, Iowa, reported earlier this month, “Wellmark [Blue Cross Blue Shield] is planning a 10.8% rate hike for individual policy holders. Close to 46,000 Iowa policyholders under age 65 will see an increase in their base premium rate of 10.8%, effective April 1, 2011, if approved. Another 3,000 basic and standard policyholders will receive an increase of 11.3%. Approximately 2,500 Blue Transitions policyholders will receive an increase of 15%. The company raised rates by 18% in May of 2010.”
Last month, The Columbian of Vancouver, Washington, reported “In October, [Washington Insurance Commissioner Mike] Kreidler accepted rate hikes of 16.4% for Regence Blueshield, 15.4% for Regence Bluecross Blueshield of Oregon and 23.7% for Asuris Northwest Health, according to Stephanie Marquis, a spokeswoman for Kreidler.” And last fall The Hartford Courant reported, “Health insurers are asking for immediate rate hikes of more than 20% in Connecticut for some plans, citing rising medical costs and federal health reform laws as reasons.”
In the Weekly Republican Address last week, Sen. John Barrasso (R-WY) said, “A recent poll showed that a majority of Americans still want this [health care] law repealed. And the reasons are clear. Ask yourself – are you better off or worse off now that the healthcare law has been on the books for almost a year? Has the cost of your own health insurance gone down? Remember the President promised that the law would significantly reduce your costs.” And yet the reality is Americans are seeing “huge rate increases,” because of “expenses resulting from new healthcare laws.” This law needs to be repealed and replaced.
Tags: Washington, D.C., US House, US Senate, Obamacare, government healthcare, repeal the bill To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Also yesterday, the Senate voted down 3 proposals from liberal Democrats to weaken the filibuster. A proposal from Sen. Tom Harkin (D-IA) to gradually reduce the votes required to invoke cloture was defeated by an overwhelming 12-84 vote. Also defeated was a package of rules changes pushed by liberals and championed by Sen. Tom Udall (D-NM) by a vote of 44-51. And an attempt by Sen. Jeff Merkley (D-OR) to require “talking filibusters” was defeated by a vote of 46-49. All three would have needed a two-thirds majority to pass.
However, the Senate did adopt modest rules adjustments, voting 92-4 to adopt a resolution offered by Sens. Chuck Grassley (R-IA), Claire McCaskill (D-MO), and Ron Wyden (D-OR) to eliminate secret holds, and 81-15 to adopt a resolution offered by Sen. Mark Udall (D-CO) to allow a forced reading of an amendment to be skipped only if it has been publicly available for 72 hours. (A longer delay than most forced readings would afford.)
According to a Politico report today, “The Obama administration is firing back at one of the major attacks Republicans have leveled at the health reform law: that it will make insurance premiums rise. The report, to be released by HHS later today, argues that individuals and families purchasing coverage through the exchanges in 2014 will save 14-20% over what coverage would cost them if the law had never been enacted. The report points to ‘preliminary evidence’ that provisions of the Affordable Care Act already in place will contribute to rate increases in 2011 that are lower than in previous years.”Unfortunately, none of this matches the reality of President Obama’s unpopular health care law. In fact, the “preliminary evidence,” to borrow a phrase, points to “huge” premium hikes across the country. At the beginning of the month, the Los Angeles Times reported, “Another big California health insurer has stunned individual policyholders with huge rate increases — this time it’s Blue Shield of California seeking cumulative hikes of as much as 59% for tens of thousands of customers March 1. . . . San Francisco-based Blue Shield said the increases were the result of fast-rising healthcare costs and other expenses resulting from new healthcare laws.”
A week later, The Wall Street Journal reported, “California isn’t the only state seeing premiums continue to rise. . . . In Vermont, MVP Health Care is raising premiums for some Catamount products by about 21%.” KCCI in Des Moines, Iowa, reported earlier this month, “Wellmark [Blue Cross Blue Shield] is planning a 10.8% rate hike for individual policy holders. Close to 46,000 Iowa policyholders under age 65 will see an increase in their base premium rate of 10.8%, effective April 1, 2011, if approved. Another 3,000 basic and standard policyholders will receive an increase of 11.3%. Approximately 2,500 Blue Transitions policyholders will receive an increase of 15%. The company raised rates by 18% in May of 2010.”
Last month, The Columbian of Vancouver, Washington, reported “In October, [Washington Insurance Commissioner Mike] Kreidler accepted rate hikes of 16.4% for Regence Blueshield, 15.4% for Regence Bluecross Blueshield of Oregon and 23.7% for Asuris Northwest Health, according to Stephanie Marquis, a spokeswoman for Kreidler.” And last fall The Hartford Courant reported, “Health insurers are asking for immediate rate hikes of more than 20% in Connecticut for some plans, citing rising medical costs and federal health reform laws as reasons.”
In the Weekly Republican Address last week, Sen. John Barrasso (R-WY) said, “A recent poll showed that a majority of Americans still want this [health care] law repealed. And the reasons are clear. Ask yourself – are you better off or worse off now that the healthcare law has been on the books for almost a year? Has the cost of your own health insurance gone down? Remember the President promised that the law would significantly reduce your costs.” And yet the reality is Americans are seeing “huge rate increases,” because of “expenses resulting from new healthcare laws.” This law needs to be repealed and replaced.
Tags: Washington, D.C., US House, US Senate, Obamacare, government healthcare, repeal the bill To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 1:24 PM - Post Link
6 Comments:
THE INSURANCE COMPANIES OUT HERE IN CALIF. ARE RAISE THEIR RATES BY 60% IS THAT FAIR
Bonnie, it is not the fault of the insurance companies. If they are to obey the new laws and regulations put into place by Obamacare, then they really have no choice except to raise rates.
Obamacare created BILLIONS in brand new annual taxe...s on insurance companies. The money has to come from somewhere and for insurance companies, their revenue comes from insurance premiums.
Obamacare also significantly altered the risk factors used to calculate ratios for the cost of potential claims versus the price of premiums by eliminating consideration of pre-existing conditions.
By recently granting waivers to select companies, unions, and organizations, the Obama administration has admitted the devastating affect that Obamacare can have. They should issue a universal Obamacare waiver to everyone in the country, but instead the administration has shown preferential treatment by allowing some to ignore the outrageous law while requiring the vast majority to comply.
BUT 60% IS ABOVE THE LAW AND THEY ARE SENDING IT TO COURT NOW
Duh!
If health insurance companies follow the law as dictated by Obamacare, they will all go out of business over the next 5-10 years.
I am glad to hear that an insurance company is challenging the law. Unfortunately I do not trust California co...urts to make the proper ruling.
Obamacare says that insurance companies are required to provide coverage to people with pre-existing conditions without any annual or lifetime limits. However, although that means that their expenditures can instantly become infinite, at the same time Obamacare dictates how quickly rates can increase.
Insurance companies cannot survive if revenue is limited and expenses are unlimited.
CBO testified this week before Congress that the number of people who will be able to "keep their insurance" if they are happy with it is a big fat ZERO!
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