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http://www.hawaiitribune-herald.com/news...msa-kaiser
HMSA to go up 27%, Kaiser 34%.
"State and health insurance company officials said they underestimated the cost of providing coverage to those insured through President Barack Obama’s health care law and now have to adjust their rates to recoup the higher expenses."
That looks like $100-$300/month out of my pocket depending on how much the state/DOE pays of the hike. I can't complain since health insurance is pretty prime for teachers, though I have yet to use it. "That's the curse of a government job." (Harold and Maude)
I know, I know, all levels of health services are a birth right to anyone born in a developed country or something, but no matter how you look at it, this is a massive wealth redistribution program.
Appears the "state and health insurance company officials" are either lying though their teeth or are so incompetent that they should be fired. What a con!
What's next? Months of high humidity? Storm systems going west to east? Gonna have to listen to Opihikaobob a little differently now.
Cheers,
Kirt
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anyone with any economic background understood what obamacare was really about and the costs to the middle-class. now people are beginning to see what they thought they wanted. my accountant says 2017 is when the real **** hits the fan so to speak and more obamacare surprises come into play... so sorry for those caught unawares...
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I just used my kaiser policy for a 58k claim ....my policy has been in place since before the mandate
to replicate the same coverage under obama care the current rate would be doubled with the subsidy I would pay the same but....my deductible would go from 2500 to 7500 - thank for profit insurance companies
funny how that worked out...... single payer still the only answer that makes sense .........
interesting when I complained about being forced to pay my 2500 deductible before emergency surgery - the lady collecting it rolled her eyes and exclaimed "your grandfathered policy shines - compared to the poor sob's that are insured under the new rules"
at least you have a captive group of taxpayers to fund the school systems contribution to the health insurers and your retirement ....some of us get to pay taxes, premium and have no kids in school - and have to fund our own pensions ....you may be the last generation to ride the gravy train - enjoy it.
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I interpret this to mean it only applies to ACA plans:
"HMSA spokeswoman Elisa Yadao said the premium increase only affects about 3 percent of members who purchased HMSA individual plans. It does not affect those who have health insurance through their employers, those with Akamai Advantage plans or pre-Affordable Care Act plans."
I don't see how this could be considered a "massive wealth redistribution program" since the costs are being passed on to only people in the plans with the unexpected higher costs.
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Tom.Yost:
"I don't see how this could be considered a "massive wealth redistribution program" since the costs are being passed on to only people in the plans with the unexpected higher costs."
You are absolutely right, I was wrong all along. Sorry, my reading comprehension was at an all time low. Embarrassing. I apologize.
Cheers,
Kirt
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It sounded good at first didn't it?
Actually all this was on the news last year.
Puna: Our roosters crow first
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I've got Kaiser plan since ACA and am glad I got it (Kaiser turned me down before the law.) But man, 34% is ridiculous. The article isn't written well, though, bc it also has a 9% figure proposed by Kaiser.
Hold it - HMSA asks for 49% and gets 27.3%, and Kaiser asks for 9% and gets 34%? One of these things is not like the other. Something's wrong there. I sure hope they meant that Kaiser asked for 34 and got 9.
Having the insurance companies have to deal with the exchanges I'm sure added a crapload of costs. The fed subsidies could have been handled in other ways. I think the thing was handled really really stupidly, with the insurance companies bearing most of the burden. Plus, people who need to buy directly (self-employed like me) have no idea how much they'll make in any given year, which the exchange requires you to know. It's a law written by committee.
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I've had Kaiser, not thru ACA, for more than five years now. I currently pay $61 a month for insurance premium which is 15% higher than 2014. Next year, it will be $82 a month. According to my calculation, it is 34% increase.
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My Kaiser is going so high I am figuring out how much the penalty for no insurance would be.
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how much the penalty for no insurance would be
Free with "religious exemption" and/or "hardship exemption".
Also, IRS can't collect the "penalty" as they can with other taxes.
