I cower when I see the email from our health insurance broker, cheerfully writing to schedule our annual plan review and a discussion of the increase for the coming year. I say increase because we have never seen a decrease in 10 years.
While the ACA may address some of the more extreme premium fluctuations, it does not fundamentally change the basic structure of a market that has always been highly volatile and uncertain. However, there are provisions in the ACA that do impact premiums.
Executives at health insurance giant WellPoint are predicting they will have to implement "double-digit plus" rate increases next year, demonstrating once again just how politically tone deaf and profit-obsessed they apparently are.
In an effort to cynically score political points, the Republicans have taken up the cause of people who have received health insurance "cancellation" notices. The problem is that the Republicans aren't helping these people, they are exploiting them.
With open enrollment just two-and-a-half months away, plenty of work must still be done to educate New Yorkers about the Health Benefit Exchange and ensure that as many people as possible -- more than 1 million New Yorkers -- gain health care coverage.
Come January 2014, comprehensive, affordable health coverage will finally become a reality for millions of Americans, and the tax-credit subsidies will be a health care game changer. States must work to inform their residents of this opportunity for assistance.
Not only will HDHPs reduce health care costs, according to the campaign propaganda, forcing people into them will cause them to lead healthier lifestyles. That's the hype. And the hype is necessary to obscure the real reason insurers are herding more and more of us into HDHPs.
I am naked: I cancelled my medical insurance. I did this on purpose after seething for weeks over yet another 20 percent premium increase. I took a deep breath and sent what felt like a fatal email to the carrier: Cancel.
The Affordable Care Act, particularly the mandate requiring U.S. citizens to buy health insurance from private companies, may be in legal limbo, awaiting a Supreme Court ruling, but the insurance companies are planning to profit from this ruling, no matter which way it goes.
It's unconscionable that insurance companies continue to impose double-digit premium hikes on America's families and businesses to pay for their excess profits and financial shell games at a time when consumers and employers are struggling in this tough economy.