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Originally Posted by Barry-xlovecam
My insurance renewal just came in the mail today -- it's through the ''Obamacare'' exchange. (High risk pool.)
11.38% increase. So, I don't see the effective cost control. Shadowstats shows a 4% to 6% inflation rate and not the 2% rate the government stats show. That said, the medical inflation rate is 2 times the Shadowstats rate and 5 times the official rate.
I think what is happening here is that Medicare and Medicaid are paying less than what services cost and private payers (the insured) are being made to pay the difference. So it's a lose-lose for the consumer: Higher taxes or higher insurance costs. The middleman (insurers) are guaranteed a profit -- they can't lose.
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That sucks that happened to you. 11+% is a big hike.
In point of fact, the price on healthcare and health insurance is going up for everyone. The insurance companies are making out like the bandits they are and meanwhile Americans are all being convinced that their woes are being caused by some other socioeconomic class.