Healthcare

Higher health insurance premiums do not matter …🤑

Insurers, Pushing for Higher Rates, Challenge Key Component of Health Law

mobile.nytimes.com

But administration officials say the “sticker price” does not matter for consumers because most people in the public insurance exchanges receive subsidies to help pay premiums, and they can also shop for less expensive insurance.

Among people receiving subsidies, the average beneficiary’s share of the premium rose by just $4 a month, to $106 a month in 2016, said Kevin J. Counihan, the chief executive of the federal insurance marketplace.

Isn’t it curious that the sticker price of a prescription drug is headline news, a price nobody actually pays, but the sticker price for health insurance premiums “does not matter” because taxpayers, not the consumer, foots the bill?

imageIsn’t it curious that consumers are aghast at higher premiums and equally apoplectic at higher co-pays and deductibles that lower premiums and shift the cost to the actual users of health care while benefiting the entire insured population? But hey, they can “shop for less expensive insurance.”

Isn’t it amazing that bureaucrats such as the one quoted above believe the dribble they spout or maybe worse, believe you are dumb enough to believe it?

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