11-01-2016, 06:17 PM
(11-01-2016, 05:42 PM)TheLeonardLeap Wrote: Not 100% related to this, but since everyone here is already talking about the ACA.
Just saw that ACA premiums are going up by an average of 22% next year.
http://www.forbes.com/sites/theapothecary/2016/10/27/the-5-lamest-excuses-for-obamacares-22-premium-hike/#76b06ed56189
Second paragraph . . .
Quote:Obamacare’s history of rate shock
2017 isn’t the first year to see Obamacare rate hikes. The most profound hikes took place in 2014, Obamacare’s first year, when the health law’s thicket of insurance regulations drove up the cost of coverage by an average of 49%. Premiums for Obamacare “silver” plans went up by 7 and 11% in 2015 and 2016, according to McKinsey & Co. Add onto that the reported 22% increase in 2017, and you have a cumulative increase of 116%: more than double the pre-Obamacare rate.
49+7+11+22=89% not 116%
Open the first link regarding the 49% increase. They did a county by county analysis of increases. They were unable to collect data from 3137 of 3144 counties.
Doesn't sound as cool if they claimed the rate increased by 49% in 7 counties. Or that it affects approximately 6% or less of health insurance policies in 0.2% of the nations counties
So the 49% increase only applies to 7 counties, the 22% is a projection, and I'm not sure where the difference between 89% and 116% came from.
Also, this doesn't affect anyone with with employer sponsored insurance (80% of Americans), Medicare, or Medicaid at a minimum.
