EVERY person I know is scared of "Obamacare", and it hasn't even started yet. Myself included.
Interesting. Please enlighten me. What is scary?
Supposedly it was going to lower rates, mine went up last June by 15%. This June is the next time they can raise it for me, we'll see what happens then.
Confidence isn't high.
I was interested in that response and decided to Google it [obamacare to lower rates] to see what's up.
I got this:
In a striking illustration of the promise that the health law holds for consumers, two Oregon private insurers vying to sell coverage on the state’s Obamacare insurance marketplace this October are reevaluating their opening bids for the plans’ monthly premiums. The reason? A side-by-side regional comparison of all proposed 2014 premiums for Oregon marketplace plans became public on Oregon’s marketplace website Thursday, and showed that the two insurers’ planned monthly premiums were far higher than other proposals. That raised fears among the companies’ officials that their plans wouldn’t be competitive on the market later this year, leading them to proactively request a rate reduction — and as more of Obamacare is implemented, state insurance commissioners expect that trend to continue: “Posting rate comparisons company-by-company is a taste of what is to come,” says Cheryl Martinis of the Oregon Insurance Division. Judging by the reaction, there’s already an impact.
“National health spending grew by 3.9 percent each year from 2009 to 2011, the lowest rate of growth since the federal government began keeping such statistics in 1960,” reports the Kaiser Family Foundation. Early data suggest that the numbers held into 2012. So the curve hasn’t just bent; it has bent more than ever. In a new paper, Harvard University scholars David Cutler and Nikhil Sahni calculate that if those numbers hold over the next decade, the government will save up to $770 billion, employers will save up to $430 annually on each covered worker and households will spend up to $290 less on annual health costs. “Slow health care spending growth might thus bring much-needed relief throughout the economy,” they write.
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