2016 Health Insurance Premiums
Those of us in the private health insurance market in Minnesota are being socked with 40-50% increases in premiums eff 1-1-16. I may have to put the RV up on blocks and park it in the driveway. I have...
Forum Discussion
cant_remember_ID wrote:bob_nestor wrote:cant_remember_ID wrote:
As long as the health care industry is for profit, premiums and deductibles will continue to increase while coverage decreases. Nothing to do with ACA. When a treatment for Hep C runs $84,000, there are a lot of Baby Boomers that are going to cost a lot of money. Your time may be better spent to encourage your congressman to look at single payer.
Not trying to start an argument, but after ACA was enacted there were 23 non-profit healthcare organizations created to provide health insurance under ACA. As of today, 1/3 of them have been shut down by the Government for mismanagement and only of the remaining is above water financially. That would seem to disprove the assertion that the problem of rising premiums and deductibles is all because of the profit motive.
I'm not following your logic. Just because non-profic organizations are shut down, this is proof it was caused by the ACA? Many for-profit health care organizations (hospital groups, HMOs, insurance plans) are publicly traded companies, and were long before the ACA. For the companies to remain viable to their stock owners, they have to show growing profits quarter over quarter. They pay their executives handsomely. To accomplish this, they have to increase margin by lowering what they pay vs what they take in. The care of people's health should not be an open market place. I'm a proponent for a single payer system.
That will put me out of job, but I am all for that.
