Premiums could double this year!

Posted: January 21, 2014 in Uncategorized
Tags: , , , ,

Web Link: http://usatoday30.usatoday.com/USCP/PNI/Business/2013-03-14-PNI0314biz-overhaul-price-hikes_ST_U.htm

Regardless of your personal belief on how the Affordable Care Act (Obamacare) may or may not be suitable for our nation’s current critical healthcare crisis, your patients may be looking at higher premiums beginning in 2014.  Research has been conducted about this issue and it would appear that as we invite more uninsured Americans to gain affordable care, others may pay the price, out of their own pockets.

Although this rate increase will admittedly not be across the board for all that are insured, there may likely be large increases for those who choose or are stuck with private insurance versus employer-sponsored coverage.  This could affect up to 14 million Americans.  Are you one of them?  How about your patients?  This is a downside to the Healthcare Reform that President Obama has pushed very hard to achieve and maintain.  In order for 30 million uninsured Americans to gain coverage, the money will have to come from a variety of sources.

 

Interestingly but with sensible reasoning, some states have insurance companies that will charge a 60-year-old-customer $5 in premiums for every $1 that they might charge a 24-year-old-customer.  It is assumed that the elder patient will require more healthcare services and therefore, will need to pay more for that risk. 

As a healthcare provider, it is important to remember who your patients are, where they come from, and how can you keep them happy with your practice, knowing that they may begin to pay a lot more for the services you provide.

 

 

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