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Health insurance sticker shock begins as shutdown battle over subsidies rages

Mona
in Off-Topic
@FD1000: I remember not too long ago when you were crying like a baby over how much Obamacare was costing you. If my memory serves, that was about five years ago when you were 62 and you sure didn’t mind enjoying that "terrible" benefit for three years.

Now that you’ve got Medicare, another program generously subsidized by the federal government, suddenly life’s great again. Convenient, isn’t it? Who cares about your fellow Georgians paying double or triple what you paid for Obamacare? You got yours then, and you’re getting yours now.

Or should I say, you got mine then, and you’re getting mine now. Because you’re the immigrant, and I’m not.

You should be ashamed of yourself.
Now Georgians browsing the state website are seeing estimated monthly costs double or even triple, depending on their incomes, as lower subsidy thresholds resume.

“We have people saying they will have to choose between their monthly premiums and mortgage,” said Natasha Taylor, deputy director of Georgia Watch, a consumer advocacy group.

For example, a family of four earning $82,000 a year in Georgia could see their annual premium double to around $7,000 for a plan with midrange coverage, according to a CBPP analysis. If that family earned at least $130,000, they would have to pay the full cost of the annual premium, about $24,000 instead of $11,000.
https://www.yahoo.com/news/articles/health-insurance-sticker-shock-begins-133205201.html

Comments

  • MarkMark
    "Should" be ashamed but folks with his mindset rarely, if ever, are. Can you say hypocrite?
  • Old_JoeOld_Joe
    I can say "hypocrite" and a few other choice words as well. But I'll leave that action to Crash.
  • CrashCrash
    Repugnant "Party" is no longer accurate. Hasn't been since the 1980s.
  • Observant1
    edited October 23
    "Millions of Americans are bracing themselves for a significant hike in their 2026 health insurance premiums
    without the subsidies at the center of the government shutdown battle.
    It comes as insurance costs are rising significantly throughout the country.
    A KFF survey found the average annual premium for a family increased 6% from the previous year."

    Video
  • hank
    Don’t know if relevant, but the WSJ yesterday had an article saying the average price of Health Insurance for families now tops $27,000 per year. But, from the included graphic it appeared that employers pick up about 60-70% of the premium on average.
  • Sven
    WSJ could have explain different scenarios better. We have private health care insurance. Open enrollment is now. Will see what the premium, copays, and medication coverage will be for this year. Small hikes in copays are not obvious to most unless one tracks them on spreadsheet. Our company pays for part of the premium as a group policy.

    For those who purchase their insurance through ACA, the insurance premium is expected to increase considerable without government subsidy as WSJ pointed out. The subsidy is expiring end of this year. Without the subsidy many insurance companies are leaving ACA.
  • Observant1
    edited October 23
    "But, from the included graphic it appeared that employers pick up about 60-70% of the premium on average."

    I recently read (or saw) that premiums for ACA insurance and private healthcare insurance were similar.
    Employer subsidies accounted for the large discrepency in people's out-of-pocket costs.
    Many employees don't realize that their employers provide generous subsidies for healthcare insurance.
    My bi-weekly premium for medical insurance (dental/vision insurance excluded) was previously $19.00.
    The actual premium — which includes employer and employee contributions — was $284.88.
    Quite a difference!
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