Maybe somebody with a good understanding of the ACA can explain this to me. One of my acquaintances here in Michigan says that his health insurance premiums are going up 40%, and on the exchanges, it would be even more. He’s married with 2 kids, and self employed. No unusual medical situations that I know of.
I don’t know how much he makes, or if his wife is employed outside the home.
Seems to be a touchy situation with him, and we’re not close friends, so I’m not going to probe for details. I wonder about comparable coverage, and whether the rate increase is even related to the ACA.
I guess the question, as stated, is rather too broadly based.
Consider that as of Jan. 1, 2014 a vast number of health insurance policies were null and void. This means that customers lose any benefits already paid for previously and must start anew. Insurers have new chances to sell at higher premiums, a chance for higher deductibles, more commissions, plus a captive buyers pool. Once The Public Option fell away, ACA became a major give-a-way to the insurers.
Still, IMHO, its a baby step closer toward Single Payer.
Maybe somebody with a good understanding of the ACA can explain this to me. One of my acquaintances here in Michigan says that his health insurance premiums are going up 40%, and on the exchanges, it would be even more. He’s married with 2 kids, and self employed. No unusual medical situations that I know of.
I don’t know how much he makes, or if his wife is employed outside the home.
How can this be?
JzB
Jazz:
Would be helpful to know what sort of policy he had before. WAs it a high deduct individual policy?
Could be lots of reasons.
Seems to be a touchy situation with him, and we’re not close friends, so I’m not going to probe for details. I wonder about comparable coverage, and whether the rate increase is even related to the ACA.
I guess the question, as stated, is rather too broadly based.
Consider that as of Jan. 1, 2014 a vast number of health insurance policies were null and void. This means that customers lose any benefits already paid for previously and must start anew. Insurers have new chances to sell at higher premiums, a chance for higher deductibles, more commissions, plus a captive buyers pool. Once The Public Option fell away, ACA became a major give-a-way to the insurers.
Still, IMHO, its a baby step closer toward Single Payer.
Jazz
could be like rusty says.
but if “he’s touchy” i suspect he is making it up.