(05-25-2016 01:14 PM)olliebaba Wrote:  

(05-25-2016 01:04 PM)VA49er Wrote:  

(05-25-2016 12:59 PM)olliebaba Wrote:  For the sake of those that can't afford insurance and obama's genius didn't help I'm hoping and waiting for that ACA to burst like a overblown balloon.

Probably won't like what comes next.

At least by this time it won't surprise me.

Doesn't really matter. Anyone with a brain knew beforehand Obamacare could not work yet it still came. Anyone that has to go to the govt for health insurance is screwed.

(05-25-2016 11:11 AM)Hambone10 Wrote:  

(05-25-2016 09:21 AM)Tom in Lazybrook Wrote:  Meanwhile, BCBS Texas/Illinois has over 10 Billion in reserves. Considered by many to be a ridiculously high number.

What ARE reserves, Tom?

Overcharges to customers. Especially if they'll never be used to cover costs and will simply be paid out as bonuses to top level executives when BCBS stops serving it's mutual holders.

(05-25-2016 01:35 PM)VA49er Wrote:  

(05-25-2016 01:14 PM)olliebaba Wrote:  

(05-25-2016 01:04 PM)VA49er Wrote:  

(05-25-2016 12:59 PM)olliebaba Wrote:  For the sake of those that can't afford insurance and obama's genius didn't help I'm hoping and waiting for that ACA to burst like a overblown balloon.

Probably won't like what comes next.

At least by this time it won't surprise me.

Doesn't really matter. Anyone with a brain knew beforehand Obamacare could not work yet it still came. Anyone that has to go to the govt for health insurance is screwed.

It was designed to fail so that they could open the door to single payer.

(05-25-2016 01:38 PM)Tom in Lazybrook Wrote:  

(05-25-2016 11:11 AM)Hambone10 Wrote:  

(05-25-2016 09:21 AM)Tom in Lazybrook Wrote:  Meanwhile, BCBS Texas/Illinois has over 10 Billion in reserves. Considered by many to be a ridiculously high number.

What ARE reserves, Tom?

Overcharges to customers. Especially if they'll never be used to cover costs and will simply be paid out as bonuses to top level executives when BCBS stops serving it's mutual holders.

You REALLY don't understand insurance, or are simply too blind to care.

Reserves by definition are 'expected future losses'. The government REQUIRES insurers to reserve for such things because unlike the government, they can't just print money... and there are even formulas that the government requires that you use. You can't just blindly collect too much money and at the end of the day say 'this is reserves'. There is a formula and a target and a plan.

Of course there can be a difference of opinion about how big those reserves can be, but there are also limits and requirements and penalties for such things.

Reserves are functionally a reduction of capital while 'retained earnings' are an expansion of it, so there really isn't a good reason for investors to allow a company to grossly overstate reserves. Whatever they gain (after taxes) in the future they mostly gave up in potential leverage or book/share value today.

It is very close to the point that I will refuse to carry insurance. Before the ACA the cost of insurance for my wife and I was(including employer contribution)...about $7500. Today...our same cost will be starting in July....a whopping...$18,200.

Something must be done. At this point I am fully on board with single payer or anything that gets the leeches off the policy that I have. We dumped 12+ million people on the insurance roles and forced the companies to take pre-existing conditions. WHAT DID WE EXPECT?!!!!!

When your yearly health insurance premium is larger than your mortgage,utilities,property taxes and home insurance combined? There is something seriously wrong folks.

(05-25-2016 07:25 PM)Fo Shizzle Wrote:  It is very close to the point that I will refuse to carry insurance. Before the ACA the cost of insurance for my wife and I was(including employer contribution)...about $7500. Today...our same cost will be starting in July....a whopping...$18,200.

Something must be done. At this point I am fully on board with single payer or anything that gets the leeches off the policy that I have. We dumped 12+ million people on the insurance roles and forced the companies to take pre-existing conditions. WHAT DID WE EXPECT?!!!!!

When your yearly health insurance premium is larger than your mortgage,utilities,property taxes and home insurance combined? There is something seriously wrong folks.

Does your employer not have a plan?

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(05-25-2016 09:28 AM)Fitbud Wrote:  I love how people constantly post Obamacare price hikes as if the price of insurance never went up before.

we all just laugh as you 'try' to cross the street.....

thought I forgot about that one, eh?

you're as easy as melting her butter....

(05-25-2016 07:27 PM)Hood-rich Wrote:  

(05-25-2016 07:25 PM)Fo Shizzle Wrote:  It is very close to the point that I will refuse to carry insurance. Before the ACA the cost of insurance for my wife and I was(including employer contribution)...about $7500. Today...our same cost will be starting in July....a whopping...$18,200.

Something must be done. At this point I am fully on board with single payer or anything that gets the leeches off the policy that I have. We dumped 12+ million people on the insurance roles and forced the companies to take pre-existing conditions. WHAT DID WE EXPECT?!!!!!

When your yearly health insurance premium is larger than your mortgage,utilities,property taxes and home insurance combined? There is something seriously wrong folks.

Does your employer not have a plan?

Sent from my VS980 4G using Tapatalk

My employer pays a portion of my private premium..about 1/2. My wife's insurance is paid for by the county. My point is to enormous increases since the ACA was enacted. Just how much more are companies and municipalities going to absorb? The total outlay for insurance is over 18grand for both of us. Does anyone see the absurdity is this?

(05-25-2016 07:25 PM)Fo Shizzle Wrote:  Something must be done. At this point I am fully on board with single payer

Precisely what they wanted.

They came up with a plan that banks on funding ACA via forcing the healthy to buy insurance under threat of a (relatively) minor penalty. Only in an idiots mind would that work in the real world. I dont think theyre this stupid. Its just a stop gap to their end goal.


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(05-25-2016 01:39 PM)Hood-rich Wrote:  

(05-25-2016 01:35 PM)VA49er Wrote:  

(05-25-2016 01:14 PM)olliebaba Wrote:  

(05-25-2016 01:04 PM)VA49er Wrote:  

(05-25-2016 12:59 PM)olliebaba Wrote:  For the sake of those that can't afford insurance and obama's genius didn't help I'm hoping and waiting for that ACA to burst like a overblown balloon.

Probably won't like what comes next.

At least by this time it won't surprise me.

Doesn't really matter. Anyone with a brain knew beforehand Obamacare could not work yet it still came. Anyone that has to go to the govt for health insurance is screwed.

It was designed to fail so that they could open the door to single payer.

At this point....Im all for it. Get these people that had no insurance before off the private market ASAP. They are the reason for the massive increases.

(05-25-2016 07:32 PM)Hood-rich Wrote:  

(05-25-2016 07:25 PM)Fo Shizzle Wrote:  Something must be done. At this point I am fully on board with single payer

Precisely what they wanted.

They came up with a plan that banks on funding ACA via forcing the healthy to buy insurance under threat of a (relatively) minor penalty. Only in an idiots mind would that work in the real world. I dont think theyre this stupid. Its just a stop gap to their end goal.


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just another libtard ponzi scheme...

I have no clue why I don't participate....

fk 'em.....

(05-25-2016 09:21 AM)Tom in Lazybrook Wrote:  Meanwhile, BCBS Texas/Illinois has over 10 Billion in reserves. Considered by many to be a ridiculously high number.

Hmmmm why might an insurance company have to sit on a big stack of money...

The RBC system requires insurers to match their capital to the level of risk they are assuming and allows regulators to act promptly to address the problem when a company’s capital drops too low, see Background section. It also provides the legal authority for regulators to intervene. The NAIC is modifying its RBC rules in response to Solvency II and other moves to strengthen solvency protections, and it has added the ORSA requirement as a regulatory tool to evaluate future solvency. Any insurer with more than $500 million in annual premium or insurance group that writes more than $1 billion in premium will have to complete an ORSA at least once a year. The ORSA requirement is embedded in an NAIC model law, which must be passed by each state legislature.

(05-25-2016 11:30 AM)Fitbud Wrote:  

(05-25-2016 11:22 AM)QuestionSocratic Wrote:  

(05-25-2016 09:28 AM)Fitbud Wrote:  I love how people constantly post Obamacare price hikes as if the price of insurance never went up before.

Apparently you missed my previous post, so let me repeat.

Don't forget these hikes are just the premiums. There are hidden hikes in increased deductibles and co-pays. The real cost is skyrocketing faster than any time in history. This is especially true for families moving to high deductible plans. If the value of the deductible is included as a hidden premium, then costs are going up faster than ever.

All I know

Is not that much...

(05-25-2016 07:59 PM)Bull_In_Exile Wrote:  

(05-25-2016 09:21 AM)Tom in Lazybrook Wrote:  Meanwhile, BCBS Texas/Illinois has over 10 Billion in reserves. Considered by many to be a ridiculously high number.

Hmmmm why might an insurance company have to sit on a big stack of money...

The RBC system requires insurers to match their capital to the level of risk they are assuming and allows regulators to act promptly to address the problem when a company’s capital drops too low, see Background section. It also provides the legal authority for regulators to intervene. The NAIC is modifying its RBC rules in response to Solvency II and other moves to strengthen solvency protections, and it has added the ORSA requirement as a regulatory tool to evaluate future solvency. Any insurer with more than $500 million in annual premium or insurance group that writes more than $1 billion in premium will have to complete an ORSA at least once a year. The ORSA requirement is embedded in an NAIC model law, which must be passed by each state legislature.

the irony is they still call it practicing medicine.....

if only most had the capacity to look at it for what it is.....

but they don't....b/c living an additional 20 yrs of pain is worthlessness as worthy....

uh-oh, did I say that too???

(05-25-2016 09:28 AM)Fitbud Wrote:  I love how people constantly post Obamacare price hikes as if the price of insurance never went up before.

I guess you missed where the president said his signature legislation would keep costs down.

So, was he lying, or just incompetent?

(05-25-2016 08:28 PM)Smaug Wrote:  

(05-25-2016 09:28 AM)Fitbud Wrote:  I love how people constantly post Obamacare price hikes as if the price of insurance never went up before.

I guess you missed where the president said his signature legislation would keep costs down.

So, was he lying, or just incompetent?

Both.

(05-25-2016 03:42 PM)Hambone10 Wrote:  

(05-25-2016 01:38 PM)Tom in Lazybrook Wrote:  

(05-25-2016 11:11 AM)Hambone10 Wrote:  

(05-25-2016 09:21 AM)Tom in Lazybrook Wrote:  Meanwhile, BCBS Texas/Illinois has over 10 Billion in reserves. Considered by many to be a ridiculously high number.

What ARE reserves, Tom?

Overcharges to customers. Especially if they'll never be used to cover costs and will simply be paid out as bonuses to top level executives when BCBS stops serving it's mutual holders.

You REALLY don't understand insurance, or are simply too blind to care.

Reserves by definition are 'expected future losses'. The government REQUIRES insurers to reserve for such things because unlike the government, they can't just print money... and there are even formulas that the government requires that you use. You can't just blindly collect too much money and at the end of the day say 'this is reserves'. There is a formula and a target and a plan.

Of course there can be a difference of opinion about how big those reserves can be, but there are also limits and requirements and penalties for such things.

Reserves are functionally a reduction of capital while 'retained earnings' are an expansion of it, so there really isn't a good reason for investors to allow a company to grossly overstate reserves. Whatever they gain (after taxes) in the future they mostly gave up in potential leverage or book/share value today.

If BCBS gets rid of the owners of those reserves by lying about medical cost losses when it's really executive compensation driving those costs to get rid of the owners of those reserves (the mutual holders), then it's just theft. If they create incentives for the likely holders of those reserves to leave without taking their reserves, they'll just loot them for their own bonuses. No other industry would allow for 200 million plus executive bonuses while simultaneously claiming, 'were losing money'.

(05-25-2016 08:28 PM)Smaug Wrote:  

(05-25-2016 09:28 AM)Fitbud Wrote:  I love how people constantly post Obamacare price hikes as if the price of insurance never went up before.

I guess you missed where the president said his signature legislation would keep costs down.

So, was he lying, or just incompetent?

In 2014, the GOP removed the ability of Obama care to use savings in one area to offset losses in others. It's a big part of the fix needed, along with compensation caps, caps on pill charges, an end to medical advertising, and coverage discrimination.

(05-26-2016 07:31 AM)Tom in Lazybrook Wrote:  

(05-25-2016 03:42 PM)Hambone10 Wrote:  

(05-25-2016 01:38 PM)Tom in Lazybrook Wrote:  

(05-25-2016 11:11 AM)Hambone10 Wrote:  

(05-25-2016 09:21 AM)Tom in Lazybrook Wrote:  Meanwhile, BCBS Texas/Illinois has over 10 Billion in reserves. Considered by many to be a ridiculously high number.

What ARE reserves, Tom?

Overcharges to customers. Especially if they'll never be used to cover costs and will simply be paid out as bonuses to top level executives when BCBS stops serving it's mutual holders.

You REALLY don't understand insurance, or are simply too blind to care.

Reserves by definition are 'expected future losses'. The government REQUIRES insurers to reserve for such things because unlike the government, they can't just print money... and there are even formulas that the government requires that you use. You can't just blindly collect too much money and at the end of the day say 'this is reserves'. There is a formula and a target and a plan.

Of course there can be a difference of opinion about how big those reserves can be, but there are also limits and requirements and penalties for such things.

Reserves are functionally a reduction of capital while 'retained earnings' are an expansion of it, so there really isn't a good reason for investors to allow a company to grossly overstate reserves. Whatever they gain (after taxes) in the future they mostly gave up in potential leverage or book/share value today.

If BCBS gets rid of the owners of those reserves by lying about medical cost losses when it's really executive compensation driving those costs to get rid of the owners of those reserves (the mutual holders), then it's just theft. If they create incentives for the likely holders of those reserves to leave without taking their reserves, they'll just loot them for their own bonuses. No other industry would allow for 200 million plus executive bonuses while simultaneously claiming, 'were losing money'.

Would you be so kind as to provide a link to your talking points.

Everyone's situation is different, but I see many who are pissed about how much they pay for insurance now, why not go off of it and pay the penalty instead?