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View Diary: Obamacare 'rate shock' myth debunked (93 comments)

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  •  Our insurance went up 50% over the last (3+ / 0-)
    Recommended by:
    True North, mwh191, PSzymeczek

    two years.  My suspicion is that our insurance company pushed rates up ahead of 2014 just because it could.

    My insurance is catastrophic coverage that won't even be available after Jan 1.  We are very concerned about rates for the available coverage and hope to be pleasantly surprised.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Thu Sep 05, 2013 at 09:24:25 AM PDT

    [ Parent ]

    •  I hope you'll be pleasantly surprised. (1+ / 0-)
      Recommended by:
      Ianb007

      Here in New York state, our rates for policies available through the Affordable Care Act exchange have been posted.  Across the board, the premiums are about 50% of what they had been on the individual market in past years, with better coverage and protections for patients and policy holders.  Most New Yorkers I talk to are pleasantly surprised, and we're very happy that our state is implementing the Affordable Care Act as intended.  

      •  New York is a special case, though. (0+ / 0-)

        If I remember correctly, insurance companies in New York were not allowed to deny coverage of existing conditions without any mechanism to prevent abuse of the fact.

        Still, even a small decrease would be good news.  I'm more worried about costs relating to the difference in plans we'll have to purchase compared to what we carried before.

        LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

        by dinotrac on Thu Sep 05, 2013 at 10:35:30 AM PDT

        [ Parent ]

      •  In New York State (0+ / 0-)

        only about 17,000 people (~1 out of a 1,000) buy existing individual coverage I've read.

        So if say 51,000 healthy people are encouraged to buy coverage, it would be possible to cut rates by 50% to nearly 75%.

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