Florida, Georgia say insurance rates to spike under Obamacare

[cali]

Republicans- doing all they can to sabotage the ACA. I think it has massive problems, but it's what we have and I want it to work for people as best as it possibly can. Republicans want to destroy it; to make sure it doesn't have a chance and isn't popular. The figures that FL and GA presented do not factor in subsidies. They're presented to freak out the public. And repukican 'leaders' in both states are probably in cahoots with insurance companies.

Florida and Georgia, two states where politicians oppose U.S. President Barack Obama's healthcare law, said on Tuesday that insurance rates for individuals would rise sharply in 2014 under the reform.

The remarks are part of an increasingly polarized debate over whether "Obamacare" will prove affordable for millions of uninsured Americans when new health plans become available on state-based exchanges as of October 1.

<snip>

Georgia said that insurance premiums for a 25-year-old male currently in a high-deductible plan would rise up to 198 percent in 2014 and rates for many others could rise by 20 percent to 100 percent. Georgia asked the U.S. Department of Health and Human Services to delay a Wednesday deadline for a final rate submission from the state.

The department said it was working with the all states to meet deadlines and reviewing Georgia's request.

Florida's office of insurance regulation said on Tuesday that rates for individuals will rise roughly 30 to 40 percent next year. Florida compared a 2014 mid-tier silver plan with a fictional 2013 plan that was created to cover the same 70 percent of the health care expenses that a silver plan will. Current plans may cost less than the fictional plan, but they also provide fewer benefits.

<snip>

http://news.yahoo.com/florida-georgia-insurance-rates-spike-under-obamacare-001635628.html

[Turbineguy]

1. Don't think of it as an increase,

think of it as punishment for electing republicans.

If it's actually true, that is.

[CurtEastPoint]

2. Shameful how desperate the GOP is, stooping again to lying, fear, intimidation.

I live in GA and read this tripe last night. 198% increase. Allegedly.

[RKP5637]

3. Many citizens need to get their heads outta their butts when they vote, understand

the issues and agendas, and realize that what they are voting in will be destroying their lives. AKA, when was the last time republicans gave a good F about anything other than lining their pockets with $$$$$ at the expense of others at any cost.

[HockeyMom]

4. I thought that part of ACA was that insurance companies

could not charge different rates by zip code?

[mercuryblues]

5. Will they

question why their rates are so high, when other states are lower?

It is my understanding that insurance companies must spent a percentage of premiums on actual health care. If they do not the insured will get a rebate. Will the customers that get the rebates realize they had been overcharged all along for political reasons?