Health Insurance Premiums Rise Influenced By ObamaCare
July 9, 2014
Hello Massage Therapist Friend,
As predicted, the cost of insurance premiums (the monthly bill) for health insurance across the US is rising. This is partly due to Obama care and also related to other economic trends.
Potential patients will be forced to change policies that will not cover Chiropractic and/or Massage, or they’ll be forced to go without health insurance entirely.
The bottom line for us is, these people will look for back pain care somewhere and be willing to pay cash “out of pocket.”
They will come to you IF
If they perceive by your advertising fliers, cards, web pages and signs that you are a Massage Therapist with a specialty in Back-Pain Care. I am the only one I know teaching these skills. I’ve been combining massage with chiropractic in my own practice (starting in the college) since 1975. You should have the skills I want to share!
Please tell your friends, because a mass of us specialized in this work creates a better public perception and market for your services. Visit my pages: www.Bodyworker-Newsletter.com
The July issue (like all of them) is free of charge and waiting for you there now. The August issue will be available August 1st.
Forgive me if I haven’t contacted you sooner with a subscriber notification. My computer has been in the shop and when it’s out I’ll be updating web pages and doing my best to improve the communications sophistication. If you’re connected to Facebook and this blog you’ll get notices automatically when I write, so please subscribe to the blog and to the Bodyworker-Newsletter page at Face Book.
Dr. Stephen Newdell
supporting article below:
|YOUR BEST SOURCE FOR THE UNBIASED MARKET COMMENTARY YOU WON’T GET FROM WALL STREET|
Insurance Premiums Surging
as Obamacare Kicks In!
|by Mike Larson|
We all know the cost of health care and health insurance is surging. But just how much are those costs rising? That’s where a brand new study from Weiss Ratings comes in.
We reviewed data from 784 health-care insurers around the nation. The sample included both private insurance firms and those with publicly traded parent companies, companies that took in a total of $450 billion in premium income last year.
Here’s what we found happened in the first quarter of this year, a period where Obamacare shifted into high gear:
These rising costs almost certainly reflect some impact from Obamacare, and I doubt we’ll see any change in trend. The Wall Street Journal recently evaluated the early filings that are starting to trickle in from insurers for 2015. The news isn’t good for health care consumers.
Many insurers are asking for another round of large premium hikes. In nine out of ten states, the largest insurers are looking to raise rates by anywhere from 8.5 to 22.8 percent.
One analyst cited in the report, Richard Evans of SSR Health LLC, expects another 5.4 percent in medical costs this year. That means insurers are likely to have little trouble justifying hefty premium hikes to regulators and insurance commissioners — ensuring that the lion’s share of those hikes will stick.
We’ll have to see how the Federal Reserve reacts to ongoing inflation in health care. And we’ll have to see how employers behave in response.
Does this news push the Fed to hike rates sooner than it otherwise might?
Do consumers demand higher wages to compensate for their increasing costs?
Do more employers drop coverage altogether or cut worker hours to offset their own surging health care expenses?
Let me know what you think in the comment section. I’m also eager to hear of your own personal experiences — are you facing rising health care costs? Have you essentially been priced out of the market for health insurance? Are there any money-saving recommendations you can make that might help your fellow investors fatten their bottom lines? Here’s where to share them.