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Fri Jul 25, 2014, 11:39 AM

Pic Of The Moment: Today's Big Number



U.S. health insurers to pay $330 million in premium rebates


19 replies, 3871 views

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Always highlight: 10 newest replies | Replies posted after I mark a forum
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Arrow 19 replies Author Time Post
Reply Pic Of The Moment: Today's Big Number (Original post)
EarlG Jul 2014 OP
onehandle Jul 2014 #1
riqster Jul 2014 #2
freshwest Jul 2014 #5
trusty elf Jul 2014 #3
freshwest Jul 2014 #4
geardaddy Jul 2014 #6
blackspade Jul 2014 #7
Botany Jul 2014 #8
genxlib Jul 2014 #9
IronLionZion Jul 2014 #10
Eric J in MN Jul 2014 #11
SleeplessinSoCal Jul 2014 #14
MADem Jul 2014 #12
valerief Jul 2014 #13
Cha Jul 2014 #15
bearssoapbox Jul 2014 #16
flamingdem Jul 2014 #17
EvolveOrConvolve Jul 2014 #18
whatacountry09 Jul 2014 #19

Response to EarlG (Original post)

Fri Jul 25, 2014, 11:43 AM

1. Benghazi!

Too soon?

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Response to EarlG (Original post)

Fri Jul 25, 2014, 11:45 AM

2. Sadly, some DUers think that is a rotten number.

Because it's not pure enough.

I say, hooray for progress, and congrats to Obama.

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Response to riqster (Reply #2)

Fri Jul 25, 2014, 12:04 PM

5. +1

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Response to EarlG (Original post)

Fri Jul 25, 2014, 11:47 AM

3. THATS' WELLTH REDISTRIBULATION ! ! ! !

[IMG][/IMG]

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Response to trusty elf (Reply #3)

Fri Jul 25, 2014, 12:01 PM

4. Haha! Good add to that hateful guy in the pic. Expected flames to come out of his mouth...

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Response to EarlG (Original post)

Fri Jul 25, 2014, 12:18 PM

6. No rebate for me

but my premiums went down $250!

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Response to EarlG (Original post)

Fri Jul 25, 2014, 12:42 PM

7. The GOP is hatin'

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Response to EarlG (Original post)

Fri Jul 25, 2014, 12:57 PM

8. But what about those IRS emails??????

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Response to EarlG (Original post)

Fri Jul 25, 2014, 01:31 PM

9. I see a larger meaning here

The money is great news. But in the gaping maw of health care spending, it is a relatively small amount.

For me the bigger picture is about future cost increases. If the insurers are returning money then it means they are spending less than their legal ratio. The end result is that threre will be no justification for future rate increases.

It is difficult to project this across the whole industry because there will be variability between insurers and regions. However, I take it as a goid sign that there will be limited upward pressure on rates.

In the big picture, controlling the rate of growth of health care spending is huge and we have already started to see it level off.

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Response to EarlG (Original post)

Fri Jul 25, 2014, 01:54 PM

10. Single Payer!!11!!11!!!!



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Response to EarlG (Original post)

Fri Jul 25, 2014, 02:38 PM

11. Al Franken was one of the Senators most responsible

...for this aspect of Obamacare (medical loss ratio and rebates when it's not met.)

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Response to Eric J in MN (Reply #11)

Sat Jul 26, 2014, 01:11 AM

14. Al had better get re-elected.

I'll bet he can start speaking in the media if he gets re-elected. And he is so worth hearing.

Looking good!

http://www.publicpolicypolling.com/main/al-franken/

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Response to EarlG (Original post)

Fri Jul 25, 2014, 03:31 PM

12. All together now.......THANKS a LOT, OBAMA!!!!!!!!

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Response to EarlG (Original post)

Fri Jul 25, 2014, 04:57 PM

13. That's like one medical insurance company CEO's annual salary. nt

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Response to EarlG (Original post)

Sat Jul 26, 2014, 02:16 AM

15. "Hate to disappoint naysayers but New England Journal of Medicine is.. "..


Randy Prine @randyprine Follow

Hate to disappoint naysayers but New England Journal of Medicine is the source http://www.nejm.org/action/showImage?doi=10.1056%2FNEJMhpr1405667&iid=f03

9:35 AM - 25 Jul 2014
197 Retweets 113 favorites

TOD

Mahalo EarlG!

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Response to EarlG (Original post)

Sat Jul 26, 2014, 05:15 AM

16. Good news for Americans.

Bad news for republicans.




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Response to bearssoapbox (Reply #16)

Sat Jul 26, 2014, 10:52 AM

17. wooot t t t t t t

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Response to EarlG (Original post)

Sat Jul 26, 2014, 06:54 PM

18. It's a small step in the right direction, but it's not really a big number

At $330 million, it's bout $1 per American. And with total expenditures of $2.7 billion dollars* on health care, it's about 0.012% of the total cost of health care. It's a tiny, statistically meaningless number. Yes, it's great that more people are insured, but it's appalling that our health care systems continue to have profit as their primary mission.

To put it in perspective: I've seem estimates that a single payer system would reduce the cost of health care by up to 20%, a potential saving per American of about $1,500 per year. Very few so called fiscal "conservatives" will admit that nationalizing health care is the most cost effective solution.

* Gov't breakdown of health care costs in 2012: http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/downloads/highlights.pdf

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Response to EarlG (Original post)

Sun Jul 27, 2014, 08:10 AM

19. GOT MY CHECK!!!!!!!!!!!!!!!!

Yup... I got my check. It's for $10.12. And I paid around $350 a month. What a joke.

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