tuscl

Health Insurance

CTQWERTY
Off topic I know...<br />
<br />
I buy my own and just received my renewal letter today.&nbsp;&nbsp; The new rate will be close to 50% more than what I paid just two years ago.&nbsp;&nbsp; This despite me having no major claims to speak of.&nbsp;&nbsp; I wonder what the explanation is?&nbsp;&nbsp;

3 comments

  • mmdv26
    •
    14 years ago
    Mine went up 50% over the past 2 years as well. Simple explanation: because they can.&nbsp;&nbsp; I'm not sure what ever happened to the concept of antitrust. When was the last time you heard the word collusion? At least oil companies have a rigged futures market to blame their ten cents a gallon overnight increases on. Notice how they all do it exactly the same time and amount....they're just being competitive.<br />
    <br />
    Premiums go up,&nbsp; coverage goes down. Don't really know if the new health care reform will change things much for us. Wife and I had dubious event this year when monthly health insurance premium for the two of us surpassed our mortgage payment. Huge profits for insurance companies and hospitals. <br type="_moz" />
  • MisterGuy
    •
    14 years ago
    <span style="font-size: larger;"><span style="font-family: Times New Roman;">I have to buy my own health insurance as well, and, If I remember correctly, my premium only went up a few percentage points as of last year...but my Rx drug deductible went up 275% in one year.&nbsp; In recent years, my co-pay doubled as well.&nbsp; Since I've been purchasing health insurance (for almost two decades now), my premiums have gone up by over 300%, and I wouldn't even guess as to how much my deductibles have gone up over that same time-frame.</span></span><br />
    <br />
    &quot;I wonder what the explanation is?&quot;<br />
    <br />
    <span style="font-size: larger;"><span style="font-family: Times New Roman;">They are locking in higher rates now (people like us that buy on the individual market get screwed the most) before the new health care reform rules go into effect.</span></span><br />
    -------------------------------------------------<br />
    <br />
    &quot;Premiums go up,&nbsp; coverage goes down.&quot;<br />
    <br />
    <span style="font-size: larger;"><span style="font-family: Times New Roman;">Yup.</span></span><br />
    <br />
    &quot;Don't really know if the new health care reform will change things much for us.&quot;<br />
    <br />
    <span style="font-size: larger;"><span style="font-family: Times New Roman;">I'm looking forward to buying health insurance on the same playing field with Congress &amp; federal employees.&nbsp; The private plans that they get access to right now under the FEHBP are great on coverage, and they have lower rates than what I pay right now.</span></span><br />
    <br type="_moz" />
  • mmdv26
    •
    14 years ago
    I will point out that our current premium level was set almost a year ago; long before it was clear that health care reform would even stand a chance of progressing in congress.<br type="_moz" />
You must be a member to leave a comment.Join Now
Got something to say?
Start your own discussion