Cost of Health Care Continues to Rise

[noonereal]

Originally Posted by whell

Maybe. Makes no real difference to the point of the article. But one might ask why PPACA calls for significant cuts in Medicare reimbursements to providers accepting patients under "one of the best government programs we have."

good idea, that should save us some cash

worried about the dividend payments are you?

[BlueStreak]

I know I've started getting letters from my insurance carrier about the new changes under PPACA, and have as yet to read anything I found shocking. I can no longer be denied due to a pre-existing condition? Great! As someone who has a serious hereditary condition this is GOOD news. No more lifetime limit? Excellent. My mother surpassed that limit on my Dads insurance, (Due to the same condition as I.), and ended up on Medicaid. Wouldn't you rather she stayed on the private insurance rather than end up on Uncle Sams tab? Parents can continue to cover offspring up to the age of 26? Awesome! All the less uninsured 20-somethings getting injured acting stupid then not paying their bills.

So far, the more I learn, the more I like it.

Dave

[d-ray657]

Originally Posted by BlueStreak

I know I've started getting letters from my insurance carrier about the new changes under PPACA, and have as yet to read anything I found shocking. I can no longer be denied due to a pre-existing condition? Great! As someone who has a serious hereditary condition this is GOOD news. No more lifetime limit? Excellent. My mother surpassed that limit on my Dads insurance, (Due to the same condition as I.), and ended up on Medicaid. Wouldn't you rather she stayed on the private insurance rather than end up on Uncle Sams tab? Parents can continue to cover offspring up to the age of 26? Awesome! All the less uninsured 20-somethings getting injured acting stupid then not paying their bills.

So far, the more I learn, the more I like it.

Dave

The pursuit of a career in rock and roll doesn't carry very good insurance benefits, so I'm glad the kid has a few more years on our plan. For that matter, the pursuit of a graduate degree doesn't have great benefits either, so we're covered whatever hapens. I just hope that we still need science teachers after the younger one finishes his degree.

Regards,

D-Ray

[BlueStreak]

No, science will be of no importance by then. But they will need religious instructors at the Wingnut Madrassas.

Dave

[merrylander]

Originally Posted by whell

It won't do the CEO or any of the company's employees or customers to go broke offering a product that generates red ink.

Fat chance of that happening, the only stocks consistently rising are health care related according to what I see on Nightly Business Report.

[noonereal]

Originally Posted by BlueStreak

I know I've started getting letters from my insurance carrier about the new changes under PPACA, and have as yet to read anything I found shocking. I can no longer be denied due to a pre-existing condition? Great! As someone who has a serious hereditary condition this is GOOD news. No more lifetime limit? Excellent. My mother surpassed that limit on my Dads insurance, (Due to the same condition as I.), and ended up on Medicaid. Wouldn't you rather she stayed on the private insurance rather than end up on Uncle Sams tab? Parents can continue to cover offspring up to the age of 26? Awesome! All the less uninsured 20-somethings getting injured acting stupid then not paying their bills.

So far, the more I learn, the more I like it.

Dave

but the GOP is against this

what can one say?

it's clearly on our school system

[whell]

Originally Posted by BlueStreak

So far, the more I learn, the more I like it.

Dave

You may need to keep reading!

Seriously, businesses offering health care are going to have some real interesting employee relations issues come next years renewal. Many individuals believe that the arrival of health care reform will drive costs of health insurance down. The exact opposite is true: there are many provisions of PPACA that will increase the cost of medical coverage in the individual, small group and large group markets. Employers who are still in recovery mode as a result of the current recession will be hard - pressed to absorb the cost of their standard annual renewal, much less the increased costs of compliance with PPACA.

Many companies go through open enrollment starting very shortly. Once employees start seeing the cost of their health insurance options for the coming year, things may get pretty interesting.

[noonereal]

Originally Posted by whell

You may need to keep reading!

Seriously, businesses offering health care are going to have some real interesting employee relations issues come next years renewal. Many individuals believe that the arrival of health care reform will drive costs of health insurance down. The exact opposite is true: there are many provisions of PPACA that will increase the cost of medical coverage in the individual, small group and large group markets. Employers who are still in recovery mode as a result of the current recession will be hard - pressed to absorb the cost of their standard annual renewal, much less the increased costs of compliance with PPACA.

Many companies go through open enrollment starting very shortly. Once employees start seeing the cost of their health insurance options for the coming year, things may get pretty interesting.

which is why we should have taken the profit our of healthcare at the same time

[whell]

Originally Posted by noonereal

which is why we should have taken the profit our of healthcare at the same time

There's ample evidence to suggest that PPACA put us well down the road to making this happen.

[noonereal]

Originally Posted by whell

There's ample evidence to suggest that PPACA put us well down the road to making this happen.

can you site an example?

As I understand it the healthcare industry is free to charge as much as they like hence the profits will not diminish as that is the primary function.

if folks get medical help along the way, well shit happens but it's sure not something they care about