Local business owners might be hoping the Affordable Care Act’s insurance mandates cover sticker shock.
The law’s employer coverage mandate doesn’t take effect until 2015, but early plan renewals are starting to roll in. And for some businesses, the premium jumps are positively painful.
Local insurance brokers are reporting spikes ranging from 35 percent to 120 percent on policies that renew from July to December. The increases are especially acute among employers with workforces made up of younger, healthier men. That’s because Obamacare prohibits offering lower rates to healthier groups. It also narrows the allowed premium gap between older and younger enrollees.
“It’s like if there were no more safe-driver discounts with State Farm,” said local insurance broker Frank Nolimal of Assurance Ltd. “Everybody has the same rate, whether you have three DUIs, or you’re a (nondrinking) churchgoing Mormon.”
The changes put as many as 90,000 policies across Nevada at risk of cancellation or nonrenewal this fall, said Las Vegas insurance broker William Wright, president of Chamber Insurance and Benefits. That’s more than three times the 25,000 enrollees affected in October, when Obamacare-compliant plans first hit the market.
Some workers are at higher risk than others of losing company-sponsored coverage. Professional, white-collar companies such as law or engineering firms will bite the bullet and renew at higher prices because they need to compete for scarce skilled labor, Nolimal said.
But moderately skilled or low-skilled people making $8 to $14 an hour working for landscaping businesses, fire-prevention firms or fencing companies could lose work-based coverage because the plans cost so much relative to salaries.
Employees who keep their coverage might see leaner take-home pay, which could hurt the economy.
Nolimal said one business client whose monthly premiums will rise from $160 to $340 in June plans to shift most of the increase onto his employees.
being insured and getting 'served' are 2 different things.....
the difference between mandated insurance of today and choice insurance of yesterday is that mandated insurance will mandate what they think is best for you regarding treatment. You have no shopping option for best outcomes....government mandated insurance will decide your best outcome based on cost, not much different than how the government decides on the minimum wage being a 'good number' or where the 'poverty line' falls....
you've been measured and stamped like cattle
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
being insured and getting 'served' are 2 different things..... the difference between mandated insurance of today and choice insurance of yesterday is that mandated insurance will mandate what they think is best for you regarding treatment. You have no shopping option for best outcomes....government mandated insurance will decide your best outcome based on cost, not much different than how the government decides on the minimum wage being a 'good number' or where the 'poverty line' falls.... you've been measured and stamped like cattle
Ambiguous reaffirmation of the relationship between the discourse of unsituated knowledge and the rhetoric of narrative communication is not without merit.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
ObamaCare! Remember the Right Wing story that new enrollees to ObamaCare are not paying their premiums??? It turns out that story was just more Right Winger Propaganda.
Quoted Text
~~~ WellPoint, one of the largest U.S. insurers, said that, of the people who signed up for plans through Obamacare's exchanges during the first enrollment period, up to 90 percent have paid their bills on time. ~~~ ~~~ Paul Wingle an Aetna executive said that a little more than 80 percent of that company's Obamacare customers have paid their bills by their due date. He also explained that some enrollees -- for instance, those whose plans have an effective date of June 1 -- haven't paid their bills because they aren't due yet. ~~~
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
everyone is paying and will continue to be compelled to pay....the IRS will make sure and then they will compel you to have medical 'maintenance' OR..........
no service for you
how's that for cattle service?
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Thank You President Barack Hussein Obama!!! BloombergBusinessweek: “One of the less discussed pieces of the Affordable Care Act is a measure to control insurance premiums by limiting how much companies can spend on stuff other than medical claims. Expenses for marketing, fees to brokers, administrative costs, profits, and the like can’t take up more than 20¢ of each premium dollar (or 15¢ for large-group plans). Any amount collected above that threshold must be returned to customers.”
The medical-loss ratio rule “has resulted in rebates of $1.6 billion to individuals and businesses over the last two years, according to a new tally of federal data from the Commonwealth Fund, a health research foundation.”
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
If I need an accountant then the tax system is fu(king broken.
it shouldn't be that difficult....but every time the government gets involved in the 'management' of our lives it becomes some nonsense that comes up every voting season.....AND FOR NOTHING!
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
Health care prices grew 0.9% between January and March,2014, which is the slowest rate of growth in 50 years.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
you see the big spikes in the middle....that's when HMO's were birthed......allowing someone/thing else to manage your 'healthcare' which is actually medical care,,,,COST MORE!!!!!!
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Was my doctor, my health-care plan, and my $2500 savings on that train too???
Quoted Text
"Last year, millions of Americans opened letters from their insurance companies. But instead of the usual dread that comes from getting a bill, they were pleasantly surprised with a check," he said. "Another 8.5 [million] rebates are being sent out this summer, averaging around a hundred bucks each."
It turns out only as many as one-third of those due rebates, or 2.7 million Americans, will actually receive physical checks, or direct refunds to their credit or debit cards. These are people who purchased a health policy on their own, with after-tax dollars, in the individual insurance marketplace.
The remaining 5.7 million Americans, who receive health insurance through an employer in the small-group or large-group markets, will not necessarily receive any direct financial reimbursement at all, according to the Center for Insurance Information and Consumer Oversight.
Instead, those with employer-sponsored health plans might see a "reduction in their future premiums" or in the form of "more generous benefits," as determined by the employer. Some could subsequently receive a cash refund from their employer.
This year's rebates will be out in July. Thank You ObamaCare and President Barack Hussein Obama!!!
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
I didn't get my check last year do you think I'll get one this year? I'll bet the check is in the mail.
If your insurance carrier is spending at least 80% of it's premiums on "health care" then you won't get a check. In the past, the more the insurance companies could spend on "operating costs" the less that you got in health care coverage. This provision isn't as much a benefit for the consumer as it is a check on unscrupulous health care insurers.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
taking $$ from one and passing it to another, ensures votes even if it's only for a starry eyed moment by the recipient who in their short memory will forget after they cast their vote only to complain later, but that''s how the political golem wants it.
a check in the mail today is a vote in the box tomorrow
election 101....THAT IS ELECTION FRAUD....
...you are a product of your environment, your environment is a product of your priorities, your priorities are a product of you......
The replacement of morality and conscience with law produces a deadly paradox.
STOP BEING GOOD DEMOCRATS---STOP BEING GOOD REPUBLICANS--START BEING GOOD AMERICANS
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