My rates went up by the lowest percentage (1%) under “Obmacare” in the last several decades, that averaged 11% to 15% annually. Those who had lousy insurance, or none, and earned more than the percentage over poverty, did see rates go up as coverage was improved. The Republican insertion of only limited control on insurance company profits was a gllitch in the bill, and needs to be changed, and bring on “single payer” with better controls.
As to actuarial tables and keeping costs down, getting the “healthy” and young signed up before they neet to take OUT of the system, is the key. It’s also true for Social Security, where the cap on income needs to be removed, as these folks DO insist on getting their “full benefit” (plus actually) when they become eligible, even when they don’t come close to actually needing the supplement to “survive”.
My rates went up by the lowest percentage (1%) under “Obmacare” in the last several decades, that averaged 11% to 15% annually. Those who had lousy insurance, or none, and earned more than the percentage over poverty, did see rates go up as coverage was improved. The Republican insertion of only limited control on insurance company profits was a gllitch in the bill, and needs to be changed, and bring on “single payer” with better controls.
As to actuarial tables and keeping costs down, getting the “healthy” and young signed up before they neet to take OUT of the system, is the key. It’s also true for Social Security, where the cap on income needs to be removed, as these folks DO insist on getting their “full benefit” (plus actually) when they become eligible, even when they don’t come close to actually needing the supplement to “survive”.