One thing you learn if you work around insurance for a while is that instability and unpredictability drive everybody’s costs up. A lot. And it turns out it doesn’t matter if that’s car insurance, homeowners insurance, life insurance or health insurance.
Hear Straight Talk’s Mike Bertaut talk about the healthcare economy, including possible repeal of the Affordable Care Act, why many rates have increased, how much the ACA is to blame and more.
One of the real puzzles the designers of the Affordable Care Act (ACA) had to solve back in 2010 was this:
Now that we have a new President-Elect, Donald Trump, a pretty huge amount of uncertainty has filtered into the healthcare (and health insurance) business.
I have been pummeled with many, many different reactions since the Nov. 8 election and more questions than I can shake a stick at. I suspect my next few blog posts will be about roughly these same topics. But, before we dive into the questions, let me tell you a bit of what I’ve figured out so far about the future of health insurance and the Affordable Care Act (healthcare reform law).
Note from Mike: I’m sifting through the information coming out about the Affordable Care Act, Medicaid, Medicare and healthcare in a Trump presidency. I’ll be back soon to offer my take on it, but in the meantime, see this Q&A on what Blue Cross is doing right now.
In my last blog post, I gave details about how much rates for individual customers’ health insurance are going up next year and why. I promised do a future blog about not just how much premiums cost, but how much financial protection the federally-designed products for 2017 give the average customer. This may get a bit wonky, so please bear with me as you go through.
