SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (307542)8/9/2016 8:55:12 PM
From: neolib  Respond to of 541978
 
I hope Hillary is paying some attention to this, which IMHO will be the "October Surprise" if she is not paying attention:

tennessean.com

Note that Blue Cross/Shield is asking for a 62% raise. I found another reference from what I consider one of the best sources on ACA data that says the AVERAGE across the USA is a requested 23% jump for 2017 premiums. Dear only Oregon where I live clocks in at 27.5% so above the mean again. Last year the Oregon insurance commissioner actually made the insurers take bigger hikes than they requested, so it will be interesting to see if that happens again. But I'd guess my insurance will go from $923 to around close to $1200/month next year. The wheels will be coming off this train in the not so distant future...



To: Sam who wrote (307542)8/9/2016 9:15:36 PM
From: neolib  Read Replies (2) | Respond to of 541978
 
Here is the AZ requested rate hikes for 2017. Note how much larger the individual market requested increases are vs the Small Group market. This is data that supports my claim that a fundamental problem with the ACA is that it took a proportionate fraction of expensive people and tossed them into a relatively small market, the individual market, where they are driving up costs disproportionately as a result. This should have been foreseen by those implementing the ACA, but it still seems to elude them in hindsight.