Part of that increase could be the normal cost of living increase but I would guess you have never had an increase that big before, correct? Most of that is probably attributed to ACA....
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Mine just went up the same amount and deductibles went up. We had to buy into a year starting in Nov. instead of Jan. for some reason too. Next year they are telling us it will be much worse.
just finished open enrollment for the next year. my out of pocket went up $9/check or $234/yr total for all insurance(life/dental/vision/health/disability) and no real changes in deductibles or out of pocket maxes.
I think of this every year I pay my taxes and all the money I'm paying for schools and getting zero benefits out of. never had kids and won't ever but yet I don't have the luxury of the deductible for kids. on the flip side, guy here at work rides his bike every day. 50 years old, doesn't have a license and never learned to drive a car. he pays zero into gas tax and road maintenance but uses them every day and benefits from new ones. lots of examples out there where we are paying for something we shouldn't/don't use and using something we pay zero toward.
Ya'll are already paying for the inflated healthcare cost. Insurance premiums and medicare.
If healthcare is going to be considered a right, funding is necessary. The problem at hand is how to gather the funding. The current system needs a revision because right now we subsidize the wealthy and don't make them pay their "share" into this right we are providing for everyone. It's a failing system. The ACA is trying a different way to raise those funds. The goal of destroying the ACA makes no sense without a plan to actually solve the problem.
Out of curiosity, those of you with increasing rates ... have you priced a similar plan under the exchange? How much more was it?
The exchange? LOL. Try and log in.
I can get to the website. I don't really want to apply, though .... that's why I'm asking those who have tried.
Within 5 minutes I learned that in Arkansas (my county), you get a subsidy with a family of 3 if your income is less than 78k.
I also checked out their calculator and it looks like it estimates health insurance for a non-smoking family of 3 to be just shy of $7,000 a year with an income of $100,000, once again for my county in Arkansas.
Not sure how accurate those are as they seem to be simple tools, not an actual quote or application form.
False, your rates increase when your neighbor goes to the hospital and doesn't pay for his bill.
Why? Because the hospital has to recoup those cost, they raise prices, insurance now has to cover the increased prices, they pass it to you.
That's the reason we are here. You can't expect the free market to work when you force healthcare service.
If you want to provide the service, you have to fund it. In the past we asked lower income earners to pay a higher percentage of their income than higher income earners because they are more likely to use the services. That system didn't work. ACA is a new approach to an old problem.
You can destroy the ACA but you are left with the same problem ... inflated healthcare cost.