ObamaCare bending the cost curve upward 47% in CT

posted at 11:36 am on October 15, 2010 by Ed Morrissey

The state of Connecticut just approved a request by its largest private insurer for premium hikes of up to 47%.  Wasn’t ObamaCare supposed to put an end to these kinds of price increases, with Barack Obama’s promise to “bend the cost curve downward”?  Actually, as the Hartford Courant reports, the increases come as a direct result of the mandates included in ObamaCare:

The state’s largest insurer has been approved to raise health premium rates by 41 percent to 47 percent for some of its policies sold to individual buyers, in the largest price hikes yet seen in Connecticut since the adoption of national health care reform.

For all of its individual market plans, Anthem Blue Cross and Blue Shield has received approval to raise rates by at least 19 percent — including a range of 30 percent to 44 percent for the brand of plans in the individual market that was most popular in 2009, Century Preferred.

The reason for the increases is the new federal health reform mandates, according to Anthem and the state Department of Insurance, which is defending its approval against charges by Attorney General Richard Blumenthal. Those reforms took effect Sept. 23.

Anthem’s spokesperson attributed the costs directly to new benefits required by the mandates in ObamaCare:

“Our [Patient Protection and Affordable Care Act] compliant individual products include expanded benefits such as elimination of lifetime dollar maximums, no cost share for preventive coverage, and extension of dependent coverage to age 26. With this enhanced coverage, pricing levels have also been adjusted to make sure that the cost of claims incurred is offset by the premiums collected, and that we anticipate the cost of future, expected claims. Low cost low benefit plans experienced a higher rate adjustment because with the health care reform provisions the plans now offer richer benefits. Other plans that already offered rich benefits did not experience as much of an adjustment.”

In other words, risk went up, and so did premiums.  This is a natural and predictable consequence of added benefits, must-issue regulation, and the elimination of lifetime caps on payouts.  In fact, it isn’t even an academic prediction, since the exact same sequence occurred in states such as Massachusetts and Maine that imposed similar mandates on its insurers in the last few years.

Jim Vicevich isn’t sure whether to laugh or cry:

If this were no so serious and so stupid at the same time … it would be laughable. …

Ironically even Obama now seems to understand these kind of rate increases will become the norm. Not even Richard “jobs” Blumenthal could expect insurance companies to keep rates the same when the Obama is demanding that they accept any child after they get sick, or allow 26 year old “children” to stay on parents’ policies. This is gunna get worse folks, made even more outrageous by the fact that they pushed this crap down our throats.

Well, Obama’s been busy getting an education at public expense, hasn’t he?  We know what the economic consequences of mandates and broader regulation are.  The political consequences will depend on who’s in charge.  Either Congress will roll back ObamaCare and replace it with a reform that attacks the true cause of escalating health-care costs — the third-party payer structure that is a relic of World War II wage freezes — or the Obama administration will push for price freezes that will utterly destroy the private insurance market.

That’s what makes this election so important, and why conservatives have to ensure that Democrats do not retain control of the agenda in the 112th Session of Congress.  We won’t be laughing if they keep enough of a grip on power to create the final act of nationalization of health care.


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Count it!

lorien1973 on October 15, 2010 at 11:37 AM

Count it!

darwin on October 15, 2010 at 11:41 AM

Well, Obama’s been busy getting an education at public expense, hasn’t he?

Most expensive education evah!!

Too bad we’re funding it, and he’s learned nothing.

Cody1991 on October 15, 2010 at 11:41 AM

Please, please RNC run an ad nationwide with this- this really is the proverbial hose filled with gasoline on the voters fire.
The GOP’s hands were clean in this fiasco- drive that home, there’s still plenty of time.

jjshaka on October 15, 2010 at 11:41 AM

RomneyCare goes national!

Mandates for Everyone!

portlandon on October 15, 2010 at 11:42 AM

The state of Connecticut just approved a request by its largest private insurer for premium hikes of up to 47%. Wasn’t ObamaCare supposed to put an end to these kinds of price increases, with Barack Obama’s promise to “bend the cost curve downward”?
===========================================
Where and the Sam H*ll is Micheal Moore,with this outrageous boondoggle!!(sarc).

canopfor on October 15, 2010 at 11:43 AM

‘If you like your insurance, you can keep it (if you can afford it).’ Can’t wait for open enrollment to see how much my insurance contribution will go up in addition to taxes. I predict another bleak Christmas.

ExPat on October 15, 2010 at 11:43 AM

Repeat Obamacare, vote out all yes votes. Monitor. Repeat if needed.

OT: Lorien, is business so slow that you can be first and a frequent commentator? I wish you many customers.

NaCly dog on October 15, 2010 at 11:44 AM

I’m self-employed and pay out-of-pocket for my health insurance…I don’t know what my increase is yet, but I am just bracing myself.

capitalist piglet on October 15, 2010 at 11:44 AM

Repeal Obamacare and do not replace it with Boehnercare!

paulsur on October 15, 2010 at 11:44 AM

So now I’m covered for drug rehab, sex change operations, AIDS treatment, OB/GYN visits and more!

Man I’m psyched!!!!

darwin on October 15, 2010 at 11:45 AM

Those unclean spirits have been busy lately, undermining PBHO’s efforts to bring us Utopia.

Bishop on October 15, 2010 at 11:45 AM

So,that would mean,that Obama L-I-E-D,
it was soppose to be FREE!!!!!!!!!!!

Boy,he justs keeps on nuking
his own voter base,awesome
Lefty stratedgy Fubar I must
say!!

canopfor on October 15, 2010 at 11:46 AM

Repeal Obamacare and do not replace it with Boehnercare!

paulsur on October 15, 2010 at 11:44 AM

Yes. Repeal and get the hell out of the way. Competition would lower cost, increase care and spur innovation.

darwin on October 15, 2010 at 11:47 AM

Please, please RNC run an ad nationwide with this- this really is the proverbial hose filled with gasoline on the voters fire.

jjshaka on October 15, 2010 at 11:41 AM

Not necessary. This healthcare bombshell will be picked up and driven home by Katie and the other alphabet networks on their news programs tonight. How could they not cover this story?

Oh wait. That would be devastating for Obama and the donks.

Tonight on CBS News, O’Donnel is a witch and Meg Whitman is a whore.

fogw on October 15, 2010 at 11:48 AM

Those unclean spirits have been busy lately, undermining PBHO’s efforts to bring us Utopia.

Bishop on October 15, 2010 at 11:45 AM

Liberals need to get into a circle and do something.

darwin on October 15, 2010 at 11:48 AM

“Bush’s fault, DeMint caused the recession, I ran out of gas. I, I had a flat tire. I didn’t have enough money for cab fare. My tux didn’t come back from the cleaners. An old friend came in from out of town. Someone stole my car. There was an earthquake. A terrible flood. Locusts. IT WASN’T MY FAULT.”

AubieJon on October 15, 2010 at 11:49 AM

0bamacare was just another one of those “shovel-ready” projects.

UltimateBob on October 15, 2010 at 11:49 AM

When will the liberals offer the American people their very own “Reset” button?

Don’t.Hold.Breath.

BobMbx on October 15, 2010 at 11:50 AM

Those unclean spirits have been busy lately, undermining PBHO’s efforts to bring us Utopia.

Bishop on October 15, 2010 at 11:45 AM

Bishop: Vast Unclean RightWing Spirits Conspiracy Cabal,
put’n da hex on Obama’s Agenda,I’m stunned!

A Political Exorcism coming right up!(sarc):)

canopfor on October 15, 2010 at 11:51 AM

But the sheriff of Mayberry, Andy Griffith, says everything will be free.

fourdeucer on October 15, 2010 at 11:54 AM

canopfor on October 15, 2010 at 11:51 AM

If Michelle Antoinette’s head suddenly starts spinning around and she pukes green slime all over someone, I’m leaving the country.

Bishop on October 15, 2010 at 12:01 PM

All being done, by design. Obama continually says, we’re on the right path. His path. It may not be the path WE want to be on, but it’s the path HE wants us on.

Demonize these evil insurance companies for having the audactity to raise their rates so high….and there will be people who’ll be crawling over themselves for nationalized health care. Thinking…anything at this point, is better than paying all this money out to evil insurance companies.

The same with his sudden epiphany about shovel ready jobs. He’s proud of his accomplishments. OF course he is. Because he wasn’t out there to create jobs, but to destroy them, and the economy with it. So yes…he’s proud of these accomplishments, and as Andy Griffith says…more is coming. ;)

I just loathe what this man has done to this country, and I’m especially angry at those who voted for it.

capejasmine on October 15, 2010 at 12:01 PM

We won’t be laughing if they keep enough of a grip on power to create the final act of nationalization of health care.

No one will be laughing, and unfortunately some won’t be eating, and others won’t be breathing.

ontherocks on October 15, 2010 at 12:02 PM

Well, Obama’s been busy getting an education at public expense, hasn’t he?

Obama forgot to talk to the insurance fairy.

Seriously, though, Nutmeggers, second look at Linda McMahon?

BuckeyeSam on October 15, 2010 at 12:02 PM

Utopia can be very expensive…

PatriotRider on October 15, 2010 at 12:03 PM

This is going to get ugly. The liberal’s thirty-year dream entitlement going down the drain. To think those Chilian miners thought they got a bum shaft, wait until the American public opens their eyes to this nightmare.

Rovin on October 15, 2010 at 12:03 PM

Our family got its own foul taste of this in having to reapply for insurance just prior to the time these coverage provisions were coming into effect in September. The process took two months of constant time-suckng hassles and we have been socked with huge rate increases.

I will never understand the legislative mentality that thought it made sense for these provisions to kick in just before Election Day. If they thought the coverage provisions in the bills were “plums” that everyone would be grateful for, they truly know absolutely nothing about markets. Americans all across the country are battling all sorts of health insurance application problems right now due to this asinine law.

Chuckles3 on October 15, 2010 at 12:04 PM

Liberals are like children. They think everything just drops from the sky, and nothing costs money that actually needs to be earned, by someone.

Gah. Frustrating.

capitalist piglet on October 15, 2010 at 12:05 PM

Utopia can be very expensive…

PatriotRider on October 15, 2010 at 12:03 PM

Sure, but women can now receive prostate exams … free!!!

Isn’t that alone worth the price of an economic collapse and destruction of the world’s best medical care? I think so.

darwin on October 15, 2010 at 12:07 PM

Happy birthday to Dino Rossi, by the way – I just donated to his campaign again. GO DINO!

capitalist piglet on October 15, 2010 at 12:08 PM

Rush Limbaugh Show Online Radio Stream,enjoy!
====================================================

http://radiotime.com/WebTuner.aspx?StationId=30538&ProgramId=20617&

canopfor on October 15, 2010 at 12:09 PM

canopfor on October 15, 2010 at 11:51 AM
================================
If Michelle Antoinette’s head suddenly starts spinning around and she pukes green slime all over someone, I’m leaving the country.

Bishop on October 15, 2010 at 12:01 PM

Bishop: In that case,I’ll make room for ya,at my
Canadian Beaver Compound and Retreat!:)

canopfor on October 15, 2010 at 12:13 PM

canopfor on October 15, 2010 at 12:09 PM

El Rushbo is taking it to Dingy Harry..:)

Dire Straits on October 15, 2010 at 12:14 PM

New meme: “It would have been worse without the legislation!”

MassVictim on October 15, 2010 at 12:15 PM

I think we need to call Jonathan Gruber, MIT healthcare specialist and HHS paid expert(without telling us) with the TM healthcare cost machine back to the stand, put him under oath and ask him to explain how a 47% increase occurs- how that helps small businesses, families etc.

journeyintothewhirlwind on October 15, 2010 at 12:20 PM

Ah it’s so nice to live in the state of Ct amongst all the liberal Obama lovers, most of whom make their first class salaries through the courtesy of the very capitalism that there idol is dismantling as fast as he can.

I am reminded of that idiot on the TV show who shoves his hand into the alligator’s open jaws completly confident that the alligator will play fair. They won’t learn until it’s too late that: don’t think alligators are nice and above all, once he has your hand -he intends to devour all of you!

Don L on October 15, 2010 at 12:22 PM

“Mr. Blumenthal, can you explain what causes price increases in insurance markets?”

forest on October 15, 2010 at 12:22 PM

CT GROW A PAIR & NULLIFY. More states will follow.
We need to stop waiting on Congress to repeal this thing.
Start nullifying.
This is so ridiculous that states are putting up with this.
CA didn’t put up with the ruling on marijuana.
I just cannot believe the states are such weiners & cowards that they are not asserting their RIGHTS in the 10th.

Badger40 on October 15, 2010 at 12:23 PM

Liberals are like children. They think everything just drops from the sky, and nothing costs money that actually needs to be earned, by someone.

Gah. Frustrating.

capitalist piglet on October 15, 2010 at 12:05 PM

It does, for some. What they take from us peons, is given to their chosen ones in the guise of welfare, and freebies. Remember the woman crying that Obama would pay for her house, and gas, etc? That’s exactly what a lot of the supporters are looking for. Rape those who work for it, so those who won’t….can have it too.

capejasmine on October 15, 2010 at 12:23 PM

they truly know absolutely nothing about markets.
Chuckles3 on October 15, 2010 at 12:04 PM

I really think this is the situation.
They really don’t know anything at all.
They are like the kid who constantly keeps screwing up & constructing a web of lies upon lies & they think somehow they can just keep putting off paying the piper & it’ll never come due bcs of their clever machinations.

Badger40 on October 15, 2010 at 12:28 PM

Well, Obama’s been busy getting an education at public expense, hasn’t he?

Please don’t be naive, Ed. This is part of the plan. They know the insurance companies are forced to raise rates, the companies are then portrayed as evil, greedy entities out to rob the people, and the government steps in (under the guise of protecting the people from usurious rates) with a single payer plan crowding out all others and in effect taking over the health care apparatus of the country.

Their main problem however is that the government won’t be able to afford it, they’ve already blown their wad over the last few decades.

Laserjock on October 15, 2010 at 12:29 PM

Count it!
lorien1973 on October 15, 2010 at 11:37 AM

Count it!
darwin on October 15, 2010 at 11:41 AM

Okay, I need to ask, what does that mean?

Chip on October 15, 2010 at 12:32 PM

‘If you like your insurance, you can keep it (if you can afford it).’ Can’t wait for open enrollment to see how much my insurance contribution will go up in addition to taxes. I predict another bleak Christmas.

ExPat on October 15, 2010 at 11:43 AM

This should be the picture up top: Keep Your Doctor?

slickwillie2001 on October 15, 2010 at 12:34 PM

This should be the picture up top: Keep Your Doctor?

slickwillie2001 on October 15, 2010 at 12:34 PM

slickwillie2001:Lol,love IOwnTheWorld!!

canopfor on October 15, 2010 at 12:39 PM

canopfor on October 15, 2010 at 12:09 PM
===================================
El Rushbo is taking it to Dingy Harry..:)

Dire Straits on October 15, 2010 at 12:14 PM

Dire Straits: Yes he is,and its refreshing,when you’ve
watched the debate,and your version,jives
with Rush’s!!:)

canopfor on October 15, 2010 at 12:41 PM

Okay, I need to ask, what does that mean?

Chip on October 15, 2010 at 12:32 PM

When something goes the leftists way, typically a poll … crr6 pops in with Count it!

darwin on October 15, 2010 at 12:46 PM

ObaMao surrounded himself with academic economic nitwits who have no real-world business experience. They are ideologues fantacizing a Utopian world. Between them and the promise-the-masses-anything “progressive” politicos, the plan to seize one-sixth of the economy was bound to fail because for them “hoping” trumps reality.

Jonah Goldberg asked a question re the ObaMao unfounded belief in “shovel-ready jobs and why those, too, are rooted in fantasy land. His commenters to the post offer plenty of real-world responses. I suggest that common-sense candidates cite some of these reason why Big Government is a job killer.
http://www.nationalreview.com/corner/249926/what-are-top-ten-reasons-theres-no-such-thing-shovel-ready-jobs-anymore-jonah-goldberg

onlineanalyst on October 15, 2010 at 12:46 PM

‘They should be thanking me!’ – Barack Obama

Yes, with that attitude we will have a lot to ‘thank’ you for in the polling booth. Remember this is the ‘smart’ guy, the ‘Spock’ of the Left… he should grow a beard as it would fit the type of ‘Spock’ he is…

ajacksonian on October 15, 2010 at 12:48 PM

President Training Wheels strikes again.

Cicero43 on October 15, 2010 at 12:50 PM

Sebelius has all of these insurance companies on speed dial to tell them that they are fired and to expect a horse’s head in their beds. (Emmanuel is currently too busy to send a dead fish.)

onlineanalyst on October 15, 2010 at 12:52 PM

It is totally worth it if crr6 can remain on her parents’ insurance policy while she masters logical fallacies and learns to misinterpret the law.

A Balrog of Morgoth on October 15, 2010 at 12:53 PM

Wasn’t ObamaCare supposed to put an end to these kinds of price increases, with Barack Obama’s promise to “bend the cost curve downward”?

The arc of ObamaCare is crooked, but it bends toward higher prices.

hit and run on October 15, 2010 at 12:57 PM

slickwillie2001 on October 15, 2010 at 12:34 PM

Chuckle/snort :o)

ExPat on October 15, 2010 at 12:57 PM

Take it away, Linda McMahon….

Kafir on October 15, 2010 at 1:00 PM

Wasn’t ObamaCare supposed to put an end to these kinds of price increases, with Barack Obama’s promise to “bend the cost curve downward”?

Give the guy a break it wasn’t his fault that the graph was upside down when he looked at it. Blame it all on the Booosh.

chemman on October 15, 2010 at 1:00 PM

Jonah Goldberg asked a question re the ObaMao unfounded belief in “shovel-ready jobs and why those, too, are rooted in fantasy land. His commenters to the post offer plenty of real-world responses. I suggest that common-sense candidates cite some of these reason why Big Government is a job killer.

http://www.nationalreview.com/corner/249926/what-are-top-ten-reasons-theres-no-such-thing-shovel-ready-jobs-anymore-jonah-goldberg

onlineanalyst on October 15, 2010 at 12:46 PM

The private sector is generally more incompetent than the public sector.

crr6 on June 12, 2010 at 12:08 PM

Del Dolemonte on October 15, 2010 at 1:19 PM

If you like your insurance plan, you can keep your plan (as long as you can afford to pay monthly premiums that are equivalent to your entire monthly income, that is).

If you like your doctor, you can keep your doctor (but if you’re on Medicare, your doctor probably won’t be willing to keep you because of the ridiculously low reimbursement rates the gov’t pays).

AZCoyote on October 15, 2010 at 1:25 PM

Del Dolemonte on October 15, 2010 at 1:19 PM

That quote really does explain everything about crrap6 & people like it.

Badger40 on October 15, 2010 at 1:48 PM

Okay, I need to ask, what does that mean?
Chip on October 15, 2010 at 12:32 PM

When something goes the leftists way, typically a poll … crr6 pops in with Count it!
darwin on October 15, 2010 at 12:46 PM

Okay, so my guess would be that when something doesn’t work towards the oppressive-left’s agenda, she says: Don’t Count it!

Chip on October 15, 2010 at 1:51 PM

If you like your insurance plan, you can keep your plan (as long as you can afford to pay monthly premiums that are equivalent to your entire monthly income, that is).

If you like your doctor, you can keep your doctor (but if you’re on Medicare, your doctor probably won’t be willing to keep you because of the ridiculously low reimbursement rates the gov’t pays).

AZCoyote on October 15, 2010 at 1:25 PM

Like for instance, before all of this, my family policy premium was almost $1000/month.
But I have no worries bcs Obama will make all those mean Drs take my business whether they want to or not.
And those that try to leave the profession entirely will be forcibly conscripted back into service./

Badger40 on October 15, 2010 at 1:55 PM

Chip on October 15, 2010 at 1:51 PM

Eh just don’t spend too much time thinking about crrap6.
Life is better that way.

Badger40 on October 15, 2010 at 1:57 PM

Chip on October 15, 2010 at 1:51 PM

Eh just don’t spend too much time thinking about crrap6.
Life is better that way.
Badger40 on October 15, 2010 at 1:57 PM

Heh.

Chip on October 15, 2010 at 2:04 PM

The end of the private insurance market is the game. So there really is no other option for Pres. Obama and Democrats. The end game is single payer, bottom line.

Sultry Beauty on October 15, 2010 at 2:08 PM

crr6 on June 12, 2010 at 12:08 PM

You’re an idiot. The wealth of America was not created in the public sector and the computer you type this drivel on was derived by college dropouts who wanted to find a way to make a buck. No IBM need apply. Inventors and entrepreneurs are the backbone of America. If you believe otherwise you’ve been brainwashed beyond all recognition.

Sultry Beauty on October 15, 2010 at 2:10 PM

So,that would mean,that Obama L-I-E-D,
it was soppose to be FREE!!!!!!!!!!!

Boy,he justs keeps on nuking
his own voter base,awesome
Lefty stratedgy Fubar I must
say!!

canopfor on October 15, 2010 at 11:46 AM

Oh but you are forgetting his base of illegals! For them it will be free. For the rest of us, not so much.

txmomof6 on October 15, 2010 at 2:39 PM

The number of uninsured will be increasing under Obamacrap. If my $1700 a month premiums go up 40%, I will just hope for the best. It may be worth the risk. I can get a lot of healthcare with $2380 a month.

bopbottle on October 15, 2010 at 2:50 PM

It may be worth the risk. I can get a lot of healthcare with $2380 a month.

bopbottle on October 15, 2010 at 2:50 PM

Believe it or not if everyone does this, it may actually allow the free market to work allowing competition to bring down prices. Cut out the middle man.

txmomof6 on October 15, 2010 at 3:14 PM

But, but, you will all love the 47% increase as more time passes and when you see the great health care system devised by the Democrats. Just ask Tom Daschle.

Sounder on October 15, 2010 at 4:21 PM

And……..Joe Wilson was exactly right when he shouted “You lie”

Sounder on October 15, 2010 at 4:25 PM