Quote:
Originally Posted by TheMercenary
As stated numerous times here...
Healthcare overhaul won't stop premium increases
The new law doesn't prevent rate hikes such as Anthem Blue Cross' double-digit increase last year. 'It is a very big loophole,' says Sen. Dianne Feinstein, who is pushing regulatory legislation.
continues:
http://www.latimes.com/news/nationwo...,6096091.story
|
There are strong disincentives in the legislation (as noted in the article) to keep premiums from rising:
Quote:
For the first time, all insurance companies would have to dedicate at least 75% of their premiums to paying medical claims; this would reduce the proportion of companies' revenue that could go to administrative expenses, such as executive salaries and stockholder dividends. Some analysts think that requirement could restrain premium growth.
The healthcare bill allows regulators to ban insurers from the exchanges if their rates are deemed unjustified.
|
There are several independent studies that conclude that these provisions will stabilize premiums. You and others disagree.
Will those disincentives be enough? The fact remains that no one knows with certainty what will happen until regs are written and the reform is fully implemented...at which time, additional regs may or may not be needed.
As you like to ask others all the time....
where's the evidence that the legislation wont control premiums. It is pure speculation.
And where is the evidence that illegal immigrants will be covered as you claimed?
And where is the evidence that the CBO assumed all young adults would opt in as you claimed?
And where is the evidence that the majority of the country does not support the reform as you claimed?
Why are you the only one who does not have to provide evidence to support your opinion?