More than 12 million people will gain health insurance under the Affordable Care Act this year, according to new projections released by the Congressional Budget Office Monday. And millions more stand to benefit from the law over the next decade.

At the same time, the law's costs to the federal government are shrinking. According to the new projections, the federal government will spend more than $100 billion less on Obamacare's coverage provisions through 2024 than previously projected. That includes a downward estimate of about $5 billion this year. Overall, spending on the federal and state insurance exchanges are projected to cost 14% less than originally forecast.

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I was right.

Survey shows ObamaCare sending premiums rising at fastest clip in decades
By Jim Angle
Published April 14, 2014


A recent survey of 148 insurance brokers shows that ObamaCare is sending premiums rising at the fastest clip in decades.

"For the last, about, five years they've been doing this survey, so this was the largest percentage increase in any quarter since they've been doing (it)," says Scott Gottlieb of the American Enterprise Institute.

"But at 12 percent, 11 percent increase on average across all the states -- that puts it at the upper end of any increase we've seen for decades."

That is the national average in a survey done by Morgan Stanley. But in some states, it found rates are soaring.

"There are specific states with exorbitant increases," says Gottlieb. "Delaware had 100 percent increase, Florida had a 37 percent increase, Pennsylvania 28 percent increase, California had a 53 percent increase in their premiums."

Rates vary widely, often depending on the state and how highly regulated it was to begin with. Analysts, however, say the main reasons for the higher costs are not medical inflation, but rather the requirements of ObamaCare itself.

"There are certain regulations and certain requirements that had to be in there. And because of that it's driven up the costs of these benefits," says John DiVito of the Flexible Benefit Service Corporation, which represents hundreds of agents.Rate hikes include ten essential health benefits along with more than 20,000 pages or regulations.

The reported hikes are for the first policies issued under ObamaCare in 2014.

The Congressional Budget Office or CBO issued a report Monday saying the average premium for the silver plan this year will be $3800, or just over $300 a month, rising to $4,400 in 2016, 15 percent below its earlier estimates in 2009.

Those early, higher estimates make costs now look better - but that does not include deductibles of as much as $5,000.

But the estimates are comforting to the White House.

White House Spokesman Jay Carney says, "It shows that marketplace health care costs have gone down because premium estimates have gone down."

The CBO also projects future premium increases over the next decade.

Insurance companies will soon have to set rates for 2015, and analysts fear reported higher costs now will mean increases next year, as well.

"They're going to see an announcement that next year's premium's going to be 25 percent or maybe 50 percent higher than what they're now paying," says John Goodman of the National Center for Policy Analysis.

John Divito of Flexible Benefit Service Corporation says, "we're reading studies where the rates could be 10 to 30, 40 percent higher. Again, it all depends geographically where these rates are being looked at but definitely an increase in rates."

Scott Gottlieb, a medical doctor as well as an analyst, adds, "We've seen insurance premiums go up quite a bit over the period in which ObamaCare started to get implemented."

Insurance executives say the same thing. Marc Bertolini, CEO of Aetna, recently told an earning conference that he anticipates 2014 spikes of 20 to 50 percent, going as high as 100 percent in some markets.


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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

If %14 savings is good... isn't %100 better???

 

Thank goodness for the Republicans that we saved US %14, we are still working and after the midterms we will be able to save %100...

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A recent survey of 148 insurance brokers shows that ObamaCare is sending premiums rising at the fastest clip in decades.

"For the last, about, five years they've been doing this survey, so this was the largest percentage increase in any quarter since they've been doing (it)," says Scott Gottlieb of the American Enterprise Institute.

"But at 12 percent, 11 percent increase on average across all the states -- that puts it at the upper end of any increase we've seen for decades."

That is the national average in a survey done by Morgan Stanley. But in some states, it found rates are soaring.

"There are specific states with exorbitant increases," says Gottlieb. "Delaware had 100 percent increase, Florida had a 37 percent increase, Pennsylvania 28 percent increase, California had a 53 percent increase in their premiums."


-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

You repeatedly post articles from a discredited source, then have the balls to call other people liars.

Christian?

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I was right.

\

You know that law is a dog if progs have nothing to celebrate besides projections.

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I :heart; Q

The problem is that you didn't discredit it!

Liar!

Here's the link to the exact Morgan Stanley survey...you won't be discrediting it!

http://mediad.publicbroadcasti...an_Stanley_Survey.pdf

MORON!!!~~


-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

It's that special day each year when you are compelled to relinquish your earned income for redistribution, mostly to support Democrat political constituencies. This year, working Americans are required, on average, to send the IRS every cent earned in the first 111 days of 2014 -- and that's three more days than last year. In fact, Obama has now proposed more than 440 tax increases, plus another 20 hidden in the so-called "Affordable Care Act."

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Romans 8;18-32 John 3;16-18

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“It is the heart of US policy to use fascism to preserve capitalism while claiming to be saving democracy from communism “ - Michael Parenti

Lets discuss as Bob says:

the cost to the FEDERAL guvment is shrinking:

Is it because:

1: +A -A

40 Changes to ObamaCare…So Far April 8, 2014 CLASS Act, Exchanges, Health insurance, Individual mandate, Medicaid, Medicare, Medicare Advantage, ObamaCare, physicians, State issues, Supreme Court, Waiver

-------------------------

Survey shows ObamaCare sending premiums rising at fastest clip in decades
By Jim Angle
Published April 14, 2014


A recent survey of 148 insurance brokers shows that ObamaCare is sending premiums rising at the fastest clip in decades.

"For the last, about, five years they've been doing this survey, so this was the largest percentage increase in any quarter since they've been doing (it)," says Scott Gottlieb of the American Enterprise Institute.

"But at 12 percent, 11 percent increase on average across all the states -- that puts it at the upper end of any increase we've seen for decades."

That is the national average in a survey done by Morgan Stanley. But in some states, it found rates are soaring.

"There are specific states with exorbitant increases," says Gottlieb. "Delaware had 100 percent increase, Florida had a 37 percent increase, Pennsylvania 28 percent increase, California had a 53 percent increase in their premiums."



-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

F Norway

-------------------------
"The truth is incontrovertible.
malice may attack it,
ignorance may deride it,
but in the end,
there it is." -Sir Winston Churchill

Debunked, yet still keeps posting the lies.

FK<-------Christian?

-------------------------
I was right.

LIAR!!~!~~

http://mediad.publicbroadcasti...gan_Stanley_Survey.pdf

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

^^^^Skirt hiding pussyboy.

-------------------------

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness -
John Kenneth Galbraith

When you showing up?

Didn't think you would as you're a 60 year old coward!

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

^^^^^^

Threatening people again? Christian much?

Get in the ring , pussy...my bet is E........

-------------------------

 

 

Cole,

With all due respect, you really should present the entire report instead of skimming the only the tid bits you think will make it sound like a successful program. 

Fact is the cost at the federal level alone will exceed $1.8T over the first ten years, and CBO was not as glowing in their report as you made it sound.  My point is, just because the bad news got a little better doesn't make it good news.  BTW "T" stands for TRILLION!  As in debt.

http://www.cbo.gov/publication/45231

Should one factor in the other economic impacts from ACA, such as the CBO labor market report below, the the real world stituation has not improved as you would like us to believe.  Turns out the available labor estimates have taken an equal downward turn.  Thus forecasting a decreasing GDP and tax revenue while further increaseing social dependency.  These are called compounding affects.

http://www.cbo.gov/sites/default/files/cbofiles/attachments/45010-breakout-AppendixC.pdf

In short the CBO is saying the ACA is projected to remain in the red indefinitely, slow the economy, and increase national debt just like its opponents have said it would all along.  Seems to me the ACA porponents were, and probably still are, dreaming.

Ouch.

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Okay, that is Zeus's first post that is worthy of rebuttal (no jabs or zingers) and would take some effort to do so which I fully admit I am not interested in putting in.  Kudos, Zeus.

Those who are not doing as good a job are not allowed to ride his coattails.

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A gentle answer turns away wrath, but a harsh word stirs up anger.