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In reply to the discussion: Obama Administration Confirms Double-digit Premium Hikes [View all]Yo_Mama
(8,303 posts)51. The reason why the lack of competition hurts so badly is the subsidies.
Once a market is one or two insurers, they can raise rates for all policies. Subsidies are figured on a percentage of your income and the second-lowest silver plan available in your county. And that silver plan might be one that you simply cannot accept - perhaps it is a narrow network that won't cover much of anything of your actual health care needs (for example, I know physicians with patients with narrow network plans that can't find a SINGLE endocrinologist covered). Also if you travel, narrow network plans leave you basically uninsured.
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Subsidies seem to be almost (if not completely) exclusively income-linked.
strategery blunder
Oct 2016
#23
Does this prove that a for-profit healthcare system will never be cost efficient?
procon
Oct 2016
#6
+1, You can't reason someone out of a position they didn't reason themselves in to
harun
Oct 2016
#47
Your post is what happens when one fails to take any sociology courses in college...
LanternWaste
Oct 2016
#48
some of the commenters are saying that some of the increases will be offset by increased subsidies
Grey Lemercier
Oct 2016
#18
I support public option, but don't expect premiums to be much lower. Part B premiums increase 22%
Hoyt
Oct 2016
#15
My argument all along about the ACA was that when the rates and other costs really kicked in, and
Grey Lemercier
Oct 2016
#19
Model it after the best EU countries' systems, such as France, Norway, Germany, Sweden, etc
Grey Lemercier
Oct 2016
#22
I got my premium notice from Blue Cross/Blue Shield of Michigan--went up from $191 to $358.
catbyte
Oct 2016
#28
If we get control of the Senate, the first priority would be the SC. We barely made it through with
still_one
Oct 2016
#32
This will be like them raising the tax from 4% to 7% in a single payer system...
cbdo2007
Oct 2016
#53