The Conservative Cave
Current Events => The DUmpster => Topic started by: Freeper on December 05, 2010, 11:40:38 AM
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Hissyspit Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat Dec-04-10 10:35 PM
Original message
Health Care Premiums Could Reach $23,341 By 2020 Updated at 8:09 AM
http://fdlaction.firedoglake.com/2010/12/03/health-care...
http://www.commonwealthfund.org/Content/Publications/Is...
Health Care Premiums Could Reach $23,342 by 2020
By: Jon Walker Friday December 3, 2010 5:45 am
The cost crisis in our health care system simply can’t be overstated. The rapid growth in cost is the driving force behind our projected long-term public debt and the growth in private health insurance premiums threaten to cripple private industry. The Commonwealth Fund is out with a new study showing just how quickly the situation is worsening.
National surveys have found that family premiums for employer-sponsored health coverages increased 52 percent from 2003 to 2009, while median family income rose 13 percent. Such a rapid increase in the cost of employer-sponsored health benefits has forced difficult choices at workplaces across the country. Studies indicate that slower growth in wages and lower savings for retirement (worker and employer contributions) have been part of the trade-off to preserve health benefits. Despite such trade-offs, the monthly cost of premiums paid by workers and their families is up, consuming an ever-greater share of any wage increases they might receive.
Health care premiums have grown roughly four times faster than income. This simply isn’t sustainable without crushing government and private budgets. And if the problem is not truly dealt with, that is what will happen:
As of 2009, the average premium was $13,027 a year for family coverage for private sector employers, ranging from $11,000 to over $14,000 across states. If insurance premiums for employer-sponsored health plans in each state continued to grow at the same average annual rate seen from 2003 to 2009, the average premium for family coverage would rise to $23,342 by 2020—an increase of 79 percent.
The study looked at what would happen if the new health care reform law reduced the annual projected premium growth rate by one percentage point or 1.5 percentage points. In the former, average premiums would reach only $21,019 in 2020, and in the later they would reach only $19,938.
Even with optimistic projections, the new health care law would still see premiums growing faster than income, and we’d still have by far the most costly health care on earth. This means, even assuming health care reform works well, which I highly doubt, the ever-growing cost of our health care premiums will force it to remain a critical political issue for years. It has not be fully dealt with.
MORE
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9692235
How's that hope and change working out for you?
:rotf: :rotf: :rotf: :rotf: :rotf: :rotf:
Better Believe It Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sat Dec-04-10 10:38 PM
Response to Original message
1. And those policies would be subject to taxation under the Health Insurance Industry law. Updated at 11:14 PM
that will create more jobs right?
We were mocked and called names when we predicted this was going to happen.
You should have listened DUmmies.
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Drive up premiums,wait for the outrage,enact single payer,ration health care to the dependent serfs.
What we have been saying for decades,the tort lobby has fought any reform to reduce costs tooth and nail.
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OneTenthofOnePercent (1000+ posts) Sun Dec-05-10 12:11 AM
Response to Original message
10. That doesn't matter as long as we have Obamacare
:lol: Just wait ding dong. Just wait.
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Health Care Premiums Could Reach $23,341 By 2020
Don't worry about it, Obama said after Obamacare goes through our rates will come down $250 per month, so in fact the premiums will only be $20,341 per year.
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Don't worry about it, Obama said after Obamacare goes through our rates will come down $250 per month, so in fact the premiums will only be $20,341 per year.
I could be wrong but I thought he said that premiums would drop by 250%.
Of course he also said he visited all 57 states. :lmao:
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I could be wrong but I thought he said that premiums would drop by 250%.
Of course he also said he visited all 57 states. :lmao:
:lmao: we're both wrong, here's what he actually said:
Obama: Premiums Will Decrease 3000% So You Should Get A Raise When H'care Is Passed
[youtube=425,350]lUd-slJc-GY[/youtube]
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Still waiting for the jobs to come from Hellcare. Still waiting for my premium to go down because of Hellcare. :???:
Guess what, you simple minded DUmmies? Neither had happened. Neither will happen. How many times do the democraps and the imposter have to lie to you till you FINALLY get it?!
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:lmao: we're both wrong, here's what he actually said:
Obama: Premiums Will Decrease 3000% So You Should Get A Raise When H'care Is Passed
[youtube=425,350]lUd-slJc-GY[/youtube]
So if I hire 10 people buy them insurance at $2K/month that should give me $6M/month without doing anything.
I like that plan!
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So if I hire 10 people buy them insurance at $2K/month that should give me $6M/month without doing anything.
I like that plan!
Yeah but you probably would be greedy and not hand out raises. :-)
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Yeah but you probably would be greedy and not hand out raises. :-)
Damn straight I'm not going to hand out raises. All those 10 employees had to do was sign up for insurance and let me pay the bill. :tongue:
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You will not believe how expensive free health care will be under government bureaus and bureaus and....
Yes Duchebags, OBAMA LIED your family's disposable income died.
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You will not believe how expensive free health care will be under government bureaus and bureaus and....
Yes Duchebags, OBAMA LIED your family's disposable income died. Along with grandmaw and grandpaw, uncle Ben and the sick kid down the street.
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I think Joe Wilson said it best;
[youtube=425,350]http://www.youtube.com/watch?v=qgce06Yw2ro[/youtube]
I love it. He called out the commie. :cheersmate: :-)
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So if I hire 10 people buy them insurance at $2K/month that should give me $6M/month without doing anything.
I like that plan!
I think it only applies in States 51-57. :-)