Because no one seems willing to argue real Reasons why health insurance premiums have increased since the PPACA (Patient Protection and Affordable Care Act) was enacted. Let me list 3 main reasons. These are as follows:
1.) My Blue Cross Group customers are getting a 35.63% renewal rate increase this year first time within 15 years. Previous premium increases no nearby this amount. This is not unique to Blue Cross, either. These premium increases are occurring in many markets in the United States, both in the Individual and Group markets. I use Blue Cross as an example, as the name is most widely recognized. These are largely due to the fact that it increases. multiple As of 09/23/2010 under the PPACA, new “Preventive Care” requirements were introduced for all “grandfatherless” health insurance plans. A “grandfatherless” plan is one that was purchased after PPACA (aka “Obamacare”) was signed into law on March 23, 2010. Note that all of these must be covered no later than 1/1. /2011 is required with no additional charges or deductions. See entitlement list http://www.healthcare.gov/law/about/provisions/services/lists.html
2.) Numerous new policy design changes have also been mandated. If you have a Group health plan, you have already received these new entitlements.
3.) Now we come to the third reason. New PPACA mandatory Medical Loss Rates or “MLRs”. Therefore, health insurance premiums also increase on Non-Grandparent plans. For more information on the new MLR’s visit: http://www.heritage.org/Research/Reports/2010/01/Squeezing-out-Private-Health-Plans The sane thing to do is to force all the new entitlements below for each is thinking. health insurance policy in the country will actually “bend the cost curve” down“?
In fact, entitlements are the primary reason why health insurance premiums have increased exponentially over the past few decades. In 1979, there were 252 mandates in force in health services, compared to about 1900 in 2007. With the implementation of PPACA, we brought the scale to about 2000 authorization levels. Keep piling them up and the costs will continue to rise.