ACA Exchange Quotes... Prediction?

What LOL said, anyone having any expectation that the cost of any Gubment program is going to be "affordable" over the long term needs to contact me about buying a bridge, property on the moon, and some sweet Everglades resort property.

First of all I'll agree with Archer that the prices they are posting at the Colorado Healthcare exchange will be the prices they charge on Jan 1st, 2014. And I don't know if the law requires it, but I'm confident those prices will remain the same until Jan 1st, 2015.

I base that on the individual insurance I've had in the past. The insurance companies I used always guaranteed the rate for one year. And Obamacare is still using those same companies so I don't see why anything should change. After one year, of course the rates will go up, just as they have in the past before Obamacare.

I did compare the rates today at one company, Rocky Mountain Health, and I'm not impressed. I compared 4 different Obamacare policies they now offer starting Jan 1st with similar policies offered by Rocky Mountain Health right now (and good until the end of the year), before the Obamacare policies kick in. I looked at single people aged 25, 40, and 60 (24 different policies).

In every case Obamacare had higher out of pocket expenses. The nonsubsidized Obamacare premiums ran from 0% to 51.9% higher, averaging about 27.5% higher. So if you aren't subsidized, you end up getting worse insurance at higher cost with Obamacare, at least from Rocky Mountain Health for Park county.

I'm still putting all the results together and can post it here (probably tomorrow) with all the links for the prices if anyone is interested.

LOL wrote:

Rick wrote: Have you looked into the policy prices yet in the exchanges? Do you believe the quotes given will be fairly accurate, significantly higher, or significantly lower?

Rick, if you want to really understand why the prices are temporarily what they are, google the $25Billion re-insurance premium stabilization HHS fund, paid for with the $63/head health insurance tax. Its a temp 3-year infusion directly to the insurance companies to keep rates down. Not a bad idea really but it is seldom discussed. Also most of the initial rates were rejected and then many insurers bailed out of the exchanges. Really they have no idea how to set the rates the 1st year, everyone is guessing, the risk pool is undefined.

Simple formula
Avg Insurance premium= (Actual Health claim prices - Government total money infusion) +20%/#Customers

Exactly, none of these fools have any idea what the risk pool is... and I didn't know about the temp infusion (thanks for that info)... but it does make sense for a dishonest administration to not talk about that part.

archer wrote: Why wouldn't they be accurate.....you get a quote, you sign up at that price....for the year that is your premium.....what isn't accurate about that?

Where did you see that rates are guaranteed for a year? I've never heard that, and I did get a mid year adjustment one time, along with another at year end.

According to this, there is no 1-year guarantee anymore and it was up to the insurers anyway. There may be notification reqmts and rate approvals, but I can't find any 12 month guarantee regulation. Just asking.

http://www.forbes.com/sites/merrillmatt ... l-explode/

P.S. Notice I didn't call you a liar, accuse you of incorrect facts, or demand a link. Just asked nicely for clarification.

As I mentioned, I was given a one year guarantee (verbally, for what it's worth) for my past individual insurance. But now that I think of it, that was for the first year I got it. But I don't recall any surprise increases happening other than once a year.

LOL wrote:
P.S. Notice I didn't call you a liar, accuse you of incorrect facts, or demand a link. Just asked nicely for clarification.

Clearly then you are not a liberal or a progressive.

I would think that the government would be able to easily tell us how many people have signed up so far... especially considering how they are touting about how good it is that so much traffic has visited the exchange websites (and how it's just like an "Apple update glitch" according to Obama). Must be some top secret need-to-know-only information.

We all know that people will go oout of their way to witness train-wreck carnage too... doesn't make train-wrecks a good thing.

LOL wrote:

archer wrote: Why wouldn't they be accurate.....you get a quote, you sign up at that price....for the year that is your premium.....what isn't accurate about that?

Where did you see that rates are guaranteed for a year? I've never heard that, and I did get a mid year adjustment one time, along with another at year end.

According to this, there is no 1-year guarantee anymore and it was up to the insurers anyway. There may be notification reqmts and rate approvals, but I can't find any 12 month guarantee regulation. Just asking.

http://www.forbes.com/sites/merrillmatt ... l-explode/

P.S. Notice I didn't call you a liar, accuse you of incorrect facts, or demand a link. Just asked nicely for clarification.

I've never known of an insurance policy that the premium changed before the renewal date. Not saying it has never happened, but I have never heard of one. Perhaps if you signed up for a 6 month policy.

Big Dougy wrote:

archer wrote: Why wouldn't they be accurate.....you get a quote, you sign up at that price....for the year that is your premium.....what isn't accurate about that?

:rofllol The fact that prices are out and are lower... won't stop these guys from speculating Archer.. Just like- The rest of the civilised world, hawaii and Mass. has government healthcare, and it works great, but it will be the end of the world if have it nationwide....

And they actually think they are influencing people, and that people respect thier opinions.. lol

"Never mind the facts, here's what I think!"

#Sheeple

What VL forgot to tell you is that Romneycare cost the state much much more than predicted.

Curiosity got the best of me....I checked out the cost of a policy comparable to what I had a few years ago before I went on Medicare, using age 64. at that time I was paying just over 1000/month....with the exchange The fictional me would be paying just shy of 900/month.a saving of at least 100/month and that assumes that my old policy hasn't increased in cost.