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Premiums Will Rise For 11M Small Biz Employees

From the Associated Press:

Premiums May Rise for 11 Million Workers: Report

February 25, 2014

NEW YORK (AP) – The new health care law may raise insurance premiums for 11 million small business employees and lower rates for 6 million others.

That’s an estimate from a report by the Centers for Medicare & Medicaid Services, part of the Department of Health and Human Services.

CMS are the people who gave us the Obama-Care exchange website. They are basically running Obama-Care. So you can bet that this is the rosiest of scenarios. And they are just trying to get out in front of the bad news. And the Obama administration’s handmaidens at the AP are helping them.

The report says higher rates are partly due to the law’s requirement that premiums can no longer be based on a person’s age. That has sent premiums higher for younger workers, and lower for older ones.

Er, premiums are going to be higher across the board. Which puts the lie to Obama’s claim that Obama-Care was going to reduce premiums for everyone on the average of $2,500. Which, for some reason, no one in the news media seems to remember.

The estimate is far from certain, partly because many small businesses renewed their policies in 2013. Renewing before the end of the year allowed them to avoid higher premiums that went into effect Jan. 1, when coverage was required to conform to the law.

Also limiting the certainty of the estimate is the fact that the report looks at three specific provisions of the Affordable Care Act. Employers’ decisions will be based on more factors, according to the Centers for Medicare & Medicaid Services.

You can be all of this is ‘far from certain.’ In fact, the reality is going to be far worse, when it comes.

This article was posted by Steve on Tuesday, February 25th, 2014. Comments are currently closed.

2 Responses to “Premiums Will Rise For 11M Small Biz Employees”

  1. Rusty Shackleford says:

    I took a probability & statistics course as an elective in high school. I learned two things there.

    1) That given the right data, and laying it out a certain way, you can make statistics say just about anything you want.

    2) “Figures don’t lie but liars can figure”.

    However, I also learned that instinct is a necessary part of the toolkit and skill-set for the person who works with numbers all the time. Many times what might seem like a good idea, but when drawn out and all the extrapolations and permutations are there, it turns out to be a bad idea after all.

    However, with PP-CACA, anyone with any sense t’all KNEW it was a bad idea. The sales pitches were way over the top and promised utopia in a day. I guess that’s why people buy crappy cars because they are intimidated by salespeople and, a key element, the sales person tells them what THEY WANT TO HEAR.

    But it’s emotionalism that closes the deal; Not a thinking mind.

    However, my most recent epiphany has been that leftists will never change their minds because they have already committed themselves to fighting the right. Once a person is that closed off, they cannot be reasoned with.

    The conservative won’t change their mind because to do so would violate their understanding of the clear evidence in front of them. Trayvon Martin was a thug and got himself killed for his behavior. No amount of emotional rationalizing will change that fact, even if Zimmerman is a racist and so forth. They’ve now decided to just keep saying things as if they’re true based on all sorts of emotionally-based “arguments”.

    “Gay people are just like everyone else”
    Sure they are, but they are also gay, homosexual, prefer sexual relations with people of the same sex as themselves. That, categorically, means they are different.

    “Global Warming is caused by humans”
    regardless of the evidence to the contrary and the fact that people keep arguing based on a consensus of well-funded bought-and-paid-for “scientists”, and that the Earth hasn’t shown any warming in 15+ years, and the Antarctic ice is not melting at record rates, etc etc etc.

    “Guns kill people”
    Guns don’t kill people; PEOPLE kill people

    And so on.

    Trying to have a rational discussion with a committed leftist is like herding cats.

    So I will finish with this:

    “Never argue with an idiot; Passers by won’t be able to tell the difference”

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