ST Alpha - "The end result is a good thing, we agree." (Reading a Post)

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In response to "This probably explains it better than I could, but the mandate that is being waived (for 1 year) is to remove the cap on lifetime coverage " by decline

The end result is a good thing, we agree.

Posted by Strongbad (aka Rambler14) Oct 11 '10, 09:04

"The waivers are effective for a year and were granted to insurance plans and companies who showed that employee premiums would rise significantly or that workers would lose coverage without them"

This is crap.

While ObamaCare was being passed, the administration kept saying nobody will pay higher permiums and promised to go after insurers if they jacked up rates and used the bill as an excuse.

6 months later, we start granting exemptions to companies in order to maintain the initial promise of "no higher premiums"

Responses:

Word to your IM. I have my doubts about premiums not going up. I think from what we have seen, they likely will. -- nm - James Bond (aka Igor) Oct 11, 09:09 1
- Premiums already go up by outrageous amounts. I typically see 20%-30% increases *each year* for my business - decline Oct 11, 09:13

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The end result is a good thing, we agree.

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