Will Health Care Insurance rates in Florida go up under Obamacare?

[FayeforCure]

Will Health Care Insurance rates go up under Obamacare?
Obamacare

August 4, 2012

By: Faye Armitage


Many people have voiced concerns about health care insurance rates going up under Obamacare (Affordable Care Act). Are you worried about your Health Care Insurance rates going up, now that Obamacare and its mandates have been deemed constitutional by the recent Supreme court ruling?

Though insurance companies can no longer exclude older people, and those with pre-existing conditions from enrolling in their plans, and there are limits on what they may charge these formerly excludable groups, that doesn't mean the these increased costs will necessarily be passed on to you.

More here:
http://www.examiner.com/article/will-health-care-insurance-rates-go-up-under-obamacare

[buckethead]

YESSS!!

80/20 saves the day!

If I was an insurer who desired an increase in real profits, while being in compliance with 80/20, I wonder what i would do....


Perhaps in an effort to increase the actual value of my 20% I would simply need to increase the 100% of overall cost.

We know that is not going to happen, though. Providers and insurers would never commit acts of collusion. That, and we already know the health care industry doesn't gouge an unsuspecting public.

[FayeforCure]

Good point buckethead.

We only have the illusion of free markets and competition in the US, even within states.

Most industries, including the insurance industry, are oligopolies that engage in price collusion. An oligopoly is a market dominated by a few large suppliers.

When these large suppliers cooperate with each other on price setting, they act like a monopoly. The colluding firms will set a monopoly price, produce a monopoly quantity, generate monopoly profit; and allocate resources as inefficiently as a monopoly.