cant people still sign up for it until the end of january? if so i feel like everyone needs to know...
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The Well-Mannered Politics Thread
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cant people still sign up for it until the end of january? if so i feel like everyone needs to know...
The Raven
Veteran
I think so, but that's not the issue as I see it. Tax bill kills the individual mandate, which is the only thing that's keeping premiums from skyrocketing even higher.
ill be honest i dont really know how it works - just the principle
im so glad ive never had to worry about any of this in the UK - NHS is the greatest and conservatives and liberals alike would lynch the government that got rid of it
Somerset Ravens
Pro Bowler
Premiums have been going up, up and up ever since the ACA became law.
December 15th is the deadline, however if the deadline was missed people are still eligible to enroll by the end of January 31st. That being said, anyone who missed the 12/15 deadline will still have a tax penalty for the one or two months they weren’t covered.
Now there are special enrollment periods throughout the year that would allow people to enroll in ACA, known as qualifying events.
It’s more expensive in states that didn’t have the backing. Ie, Maryland is much less than Virginia
Somerset Ravens
Pro Bowler
Are you talking about the total cost of the policy or the amount paid by the ACA policyholder?
I’m talking about the policy, but there is more to it as well, especially for families who are above the threshold for receiving subsidies. I’m a financial advisor but will on occasion write health insurance plans for clients and referrals. My clients are above the threashold for a subsidy so I tend to go off exchange. These plans still need to meet the guidelines of the ACA and have the same deadlines of enrollment.
Of course one of the biggest reasons why the premiums are so high was due to the fact that not many young adults signed up for the plan. They were willing to take the tax penalty instead due to their low income and being healthy. If more had signed up it would have balanced the costs of the plans for everyone.
The other big reason for prices being higher in red states is Insurer competition varied widely within states, with the most dramatic differences between urban and rural areas. The more populated regions tended to have more insurance competition and better-priced plans than rural areas.
Fewer people live in rural areas, which means there are fewer hospitals, doctors and other health professionals. As a result, insurance companies that do business in those regions have less power to negotiate prices with local providers, who are more likely to be the only game in town.
Insurance companies don’t make money in many rural areas because they can’t cut a deal with the providers that will be attractive to the customers. And there just aren’t very many customers, so it’s not obvious what to do about that.
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Somerset Ravens
Pro Bowler
What is the backing you speak of that makes it cheaper?
The Raven
Veteran
Yes, and now they will go up faster. Simple
The are cheaper when their is more money coming from subsidies for those that are eligible. Those that are not eligible are dealing with less competiton and less populated areas. In the other paragraphs In that post I brought up other reasons for the increased prices.
Exactly. Carriers are leaving the market. Many rural areas don’t have any options.
so looks like nick saban has at least 200 votes in the bama senate race
Somerset Ravens
Pro Bowler
It makes you wonder where premiums would be if the ACA never came into existence.
The Raven
Veteran
Or if Congress actually did the right thing for the American people and funded the risk corridors.
You and I know that that will never happen. It would make way too much sense and definitely keep premiums stable.
Somerset Ravens
Pro Bowler
You cannot seriously expect Congress to do the right thing.
Somerset Ravens
Pro Bowler
It would certainly keep premiums stable but not help control the total cost. I guess it comes down to who you think should pay for it.
The Raven
Veteran
When my party wins Congress back in 2018 and the White House in 2020 it'll happen, as they've intended before.
As I've said before, one party has pledged to be sensible and helpful by funding the risk corridors, and one party has been an obstructionist and sent premiums flying. I'll let y'all decide which party's doing the right thing.
No questions there.
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