<p>^^yup, loosening/delaying the regs…just as I suggested that they had the authority for. (And probably the only thing that they could do administratively.)</p>
<p>I suppose the insurers will be smart and play ball. But they should just scrap it for a year. Knowing what they know. Get an actually working plan in place</p>
<p>Bluebayou, nice call. </p>
<p>Are the insurance companies going to want to extend old policies?</p>
<p>What are the prices going to be for the old plans? </p>
<p>Are insurance companies who left the marketplace going to come back?</p>
<p>Are our kids who live out of state now covered under our old plans?</p>
<p>kmcmom13 - my coverage is individual direct, not part of a group plan - H and I have not worked for pay in many years but we are years away from being medicare eligible. I am considering the “gold” plan for $21K a year with a $1000 deductible since H needs surgery next year. What makes more sense - 13K annual premium with a 11K deductible or 21K premium with a 1K deductible? If the surgery costs more than 10-11K, the higher premium plan, right?</p>
<p>Looks like we may have the option to keep our policy for a year? This must have Blue Cross freaking out - those much higher fees are funding the people with preexisting conditions they will now have to cover. Makes me think it won’t happen…so I’ll believe it when I see it. Blue Cross has a choke hold on our state government - they are the only source in the state for direct insurance. No competition at all and there is no way they are going to lose money on this.</p>
<p>An interesting note, RI has among the highest number of enrollees on their state-run exchange - over 4300 so far. Of those, 3400 have signed up for Medicaid, so only about a quarter are paying customers. I wonder if that is the case for the rest of the country.</p>
<p>I am guessing. (But I am close enough). ;)</p>
<p>If there are 15 million people affected by the new news…7.5 million are going to have less expensive plans with Obamacare than what they have now in 2013. 1 million cant go back because the insurance companies left the market. That leaves 6.5 million people. 2.5 million people will switch to the new plans because the plans are better or they moved etc. 4 million will want to keep their old plans. At a savings of 2,000 a person times 4,000,000 that is an additional 8 billion in costs the first year.</p>
<p>Not helpful… But not a killer. And the decision wins support.</p>
<p>It’s a preemptive action. </p>
<p>It only works if the insurers agree to do it. I’m really not sure if they are smart enough to know they should. </p>
<p>Either way, cats out of the bag. Everyone knows now this will change next year for millions.</p>
<p>I am overstating the changes …the change is less than 8 billion. (I think.) I am being very conservative for 2014. I was against any changes, but when I pencil in the numbers, they dont look that bad. Still… That money has to come from somewhere. </p>
<p>I doubt this is going to be a one year deal.</p>
<p>You think the fix will be longer than a year?</p>
<p>Insurers “can” offer the old plans. They don’t have to. </p>
<p>Let’s suppose FangCo decides to keep offering a plan. How are they allowed to price it? Do they have to pretend the subscribers are in the general risk pool?</p>
<p>Employer based subscribers are not going to suffer from the problems people in this thread suffered. You already had plans that were more or less compliant. Your premiums are going up because you aren’t getting healthy-people rates. Your premiums are going up to what similar employee plans already cost.</p>
<p>Just an opinion. I could be wrong. Next year is an election year. I think it is going to be difficult to tell people you cant keep your plans.</p>
<p>I agree with CF. The insurance companies have to play for people to be able to keep their old plans. The insurance companies are not in the business of losing money. My opinion is prices of the old plans are going up. Networks are going to shrink. Many have written good posts on this. I think BClintonk’s post was very good. </p>
<p>I think people like GP are going to save money, but not as much as they think.</p>
<p>Does this change help you poetgrl?</p>
<p>CF. As far as I’m concerned what was said in the register in 2010 has been the truth. It’s been spot on. </p>
<p>So I believe that information and they say 45-65% of employer health insurance will be cancelled. </p>
<p>I’m not going to believe anything else. Employer health care is skewed to rates for young healthy people who are working. Those rates will be changing.</p>
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<p>you can keep the policy, but I highly doubt you will be keeping your 2013 premium price.</p>
<p>Dstark my issue is with the involvement of the insurance companies. As long as they are in it, I don’t think this will be great for the middle class. For the exact same reason it wasn’t good for them before ACA.</p>
<p>Rising rates. Restricted networks. Docs will be squeezed instead of pre existing. But rest assured, the CEO of BCBS in Illinois will get her 16 million</p>
<p>If employee health care were skewed to young healthy people there would be no problem. The issue is how much it was skewed to junk insurance like Romani’s fianc</p>
<p>Poetgrl, I understand.</p>
<p>
[Nancy</a> Pelosi: Obama to propose health fix - POLITICO.com](<a href=“Nancy Pelosi: House Democrats to offer Obamacare fix - POLITICO”>Nancy Pelosi: House Democrats to offer Obamacare fix - POLITICO)</p>
<p>Pelosi is announcing that Congressional Democrats have their own plan at the same time as Obama is announcing his? </p>
<p>Is this just face saving? Is it to give people a reason not to vote for Upton’s bill? Or is it chaos?</p>
<p>"So I believe that information and they say 45-65% of employer health insurance will be cancelled. "</p>
<p>If any large employers have not amended their plans already, their CEOs need to be fired. Our company implemented most of the requirements last year, including the no cap.</p>
<p>I also don’t believe many of the plans will come back and if they do, the network reach or price will be same as before because of this fix but we will see.</p>
<p>“If any large employers have not amended their plans already, their CEOs need to be fired”</p>
<p>Lol</p>
<p>[Obamacare</a> software contractor CGI posts profit - Yahoo Finance](<a href=“http://finance.yahoo.com/news/obamacare-software-contractor-cgis-profit-beats-estimates-124620540--sector.html]Obamacare”>Obamacare software contractor CGI posts profit)</p>
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<p>Mine too. What they did in preparation to 2014, was to switch from no deductible plan to HSA-compatible high deductible 80/20 plan ($3000 family deductible, $12000 out of packet maximum). This was OK for our family, but for some of the lower paid workers it was a huge adjustment. </p>
<p>To soften the blow my company provided HSA contributions if you did certain things (like do a company paid health assessment). </p>
<p>Interestingly enough, that going to high deductible plan from no deductible plan did not decrease our premiums. They rose. I suspect that compliance with some of the mandates of ACA has to do with increased premiums (no lifetime max). I also suspect that they had to switch to high deductible plan to keep the rates relatively low.</p>
<p>The only difference between 2012-2013 plan and 2014 is inclusion of free preventative care which of course came with increased premiums.</p>