Infowars.com
May 31, 2013
<\/p>\n
![\"\"](\"http:\/\/static.infowars.com\/2013\/05\/i\/general\/obdollars.jpg\")
<\/p>\nYou\u2019re going to be forced to buy it, whether you like it or not.<\/p>\n<\/div>\n
As states gear up to create the health insurance exchanges demanded under President Obama\u2019s Affordable Healthcare Act they\u2019re finding out that private policies for individuals aren\u2019t going to be quite as affordable as legislators promised. In fact, in California, individual healthcare premiums will increase by as much as 64-146 percent.<\/p>\n
As recently as last week, Peter Lee, executive director of California\u2019s healthcare exchange, said that California\u2019s version of the healthcare exchange would actually reduce premiums. \u201cThese rates are way below the worst-case gloom-and-doom scenarios we have heard,\u201d boasted Lee.<\/p>\n
But according to Forbes contributor, Avik Roy<\/a><\/span><\/span>, Lee was comparing apples to oranges. An increase is inevitable because most of the current individual policies do not meet the mandates set forth by Obamacare.<\/p>\n \u201cHe was comparing apples\u2013the plans that Californians buy today for themselves in a robust individual market\u2013and oranges\u2013the highly regulated plans that small employers purchase for their workers as a group. The difference is critical.\u201d<\/p>\n One of the key mandates that will effect premiums once Obamacare kicks in is the requirement that health insurers provide coverage for people with pre-existing medical condition. As Roy explains<\/a><\/span><\/span>, \u201cForcing insurers to cover everyone with pre-existing conditions drives premiums upward. If you know you can buy insurance after you\u2019re sick, you have every incentive to drop out of the system now, and wait until you\u2019re sick to buy insurance.\u201d<\/p>\n Another important mandate is the requirement that requires insurers to work with everyone and restricts their ability to exclude certain doctors and hospitals from their networks. \u201cIf insurers have to work with everyone, they lose some of their negotiating leverage with hospitals to keep prices down.\u201d<\/p>\n Increases will vary from state to state based on the individual states\u2019 mandates. For example, some states require all plans to cover acupuncturists and chiropractors. Other force insurers to cover substance abuse treatment and smoking cessation programs. If you have need of these services it\u2019s great because you\u2019re covered under your policy. But if you don\u2019t, then it\u2019s just an additional expense, and, as Avik points out, \u201cit\u2019s another reason for you not to bother buying insurance.\u201d<\/p>\n Under Obamacare, American citizens will have two options for healthcare:<\/p>\n Comprehensive healthcare provided by your employer: Working for a company who provides healthcare coverage might sound like the best solution. However, employer plans must also meet all of Obamacare\u2019s mandates and requirements. Many employers will have to increase their employee coverage and in today\u2019s economy that\u2019s just not possible. They\u2019ll either have to raise the employee\u2019s contribution or decrease their workforce. Either way, it\u2019s the employee who pays.<\/p>\n State\u2019s healthcare exchanges: States are currently creating healthcare exchanges to offer a variety of packages from insurance providers. These packages will meet Obamacare mandates and, at first glance, they look like a real bargain. But unless you\u2019re a 26-year old male who doesn\u2019t smoke or drink and you\u2019ve never visited a doctor in your life, you\u2019re not going to qualify for that $95 package. Providers are using that \u201cpre-existing condition\u201d mandate to their advantage \u2014 not yours.<\/p>\n And if your state is one that requires providers to cover everything from hangnails to headaches to hemorrhoids, forget it. Even with any federal subsidies that might be available you\u2019re never going to be able to afford healthcare.<\/p>\n But that doesn\u2019t matter \u2014 you\u2019re going to be forced to buy it, whether you like it or not. And if you already have your own private policy, think again. By this Fall, providers will start automatically canceling policies that don\u2019t meet Obamacare minimums<\/a><\/span><\/span>.<\/p>\n <!– <\/p>\n –><\/p>\n This article was posted: Friday, May 31, 2013 at 4:04 pm<\/p>\n Tags: domestic news<\/a>, government corruption<\/a>, healthcare<\/a><\/p>\n
\n
\n <\/p>\n
\n
<!– this is where we need to show the related articles <\/p>\n