Exchanges Will Raise U.S. Health-Care Costs
By David Goldhill Oct 6, 2013 6:00 PM ET
Ignore the inevitable startup glitches. The new health-insurance exchanges will work just fine -- in the sense that all government health-care programs work: Many people will ultimately become dependent on them for coverage. That won’t mean the exchanges have fulfilled their promise, however.
Forget the superficial comparisons to a commodity exchange, an online retailer or even a bulletin board. The health exchanges won’t resemble any other marketplace. Over time, rather than encourage insurance providers to offer ever more attractive and affordable policies, the exchanges are poised to push up the cost not only of insurance but also of health care itself. That means, if the history of U.S. health-care policy is any guide, the exchanges’ very “success” will have the effect of limiting access to care for the 30 million people who are estimated to remain uninsured.
Another article on costs and the steps the government is taking to cover them up
Obamacare's Website Is Crashing Because It Doesn't Want You To Know How Costly Its Plans Are
A growing consensus of IT experts, outside and inside the government, have figured out a principal reason why the website for Obamacare’s federally-sponsored insurance exchange is crashing. Healthcare.gov forces you to create an account and enter detailed personal information before you can start shopping. This, in turn, creates a massive traffic bottleneck, as the government verifies your information and decides whether or not you’re eligible for subsidies. HHS bureaucrats knew this would make the website run more slowly. But they were more afraid that letting people see the underlying cost of Obamacare’s insurance plans would scare people away.
HHS didn’t want users to see Obamacare’s true costs
“Healthcare.gov was initially going to include an option to browse before registering,” report Christopher Weaver and Louise Radnofsky in the Wall Street Journal. “But that tool was delayed, people familiar with the situation said.” Why was it delayed? “An HHS spokeswoman said the agency wanted to ensure that users were aware of their eligibility for subsidies that could help pay for coverage, before they started seeing the prices of policies.” (Emphasis added.)
What the Postal Service wants you to know
For more than 235 years, the U.S. Postal Service has been delivering the nation’s mail in snow, rain and the dark of night. However, tough economic and market conditions and unrealistic legislative expectations have created challenges that have never before been faced. Misconceptions about the future of the U.S. Postal Service abound — it’s time to set the record straight.
The Postal Service receives NO tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations. We are required by law to cover our costs.
The Postal Service is environmentally friendly and is a respected sustainability leader. We promoted sustainable practices long before doing so was encouraged, mandated or governed.
The Postal Service has the world’s largest retail network — larger than McDonald’s, Walmart and Starbucks combined (in U.S.).
Mail is a great communication tool. No monthly plans. No signal outages. No roaming charges. Regardless of geographic location, anyone can send a letter for just 46¢ anywhere in the United States and its territories.
The Postal Service can and does compete with the private sector — and it collaborates, too. UPS and FedEx pay the Postal Service to deliver more than 400 million of their ground packages to residences and the Postal Service pays them for air transportation — taking advantage of their comprehensive air network.
Mail is reliable, trusted and secure — federal laws protecting the sanctity of the U.S. Mail are enforced by the U.S. Postal Inspection Service.
The Postal Service is the only organization in the country that has the manpower, network infrastructure and logistical capability to deliver to every residence and business in the U.S. and its territories.
The Postal Service delivers more mail to more addresses in a larger geographical area than any other post in the world.
When I pointed out that my health insurance just about doubled, plus the co-payment also went up starting January of next year….I was called a liar by one of the posters…he is obviously is living on the taxpayers handouts, or he is totally clueless.
This Obama-care is a total fiasco for most people, except for the welfare crowd and the illegal aliens…..what a prince this man in the white house is.
Just look at what he did the World war 2 Veterans….who fought for this Country…locking them out of the Memorial build for them…..just to open the National Mal to the illegal aliens….which cost thousands of dollars for all the police on horses to be there.
This man sure knows how to buy votes with our Tax Dollars….it is sickening
goldy you have failed to back up your double claim and you old and on medicare so yes I do not believe you at all. You may be just totally delusional as this post suggust. The Republicans closed down the Gov and thus forced the closing of the things your blaming on Obama. The Truth is the majority of the American voters have twice disagreed with your choice for president. Thus you are in the minority what part of that seems to elude you??? You generalize and bash people with your hate filled words. Who is the welfare crowd? the 60% of the kids on those roles or more is that who you destest getting your beloved tax dollars?
The National Mall is open only to illegal aliens is it. YOu are so bias, racist, and mean spirited on this board that I have to wonder if your that way around folks who you have to face when you make your exteme views?
You would be funny as goofy as you are if it was not sad to see how your mind work. Obama all by himself closed the National Mal. Frankly I do not know how to respond to such ignorance.
Mr. Shores, Americans in general are an unhealthy lot due to poor eating habits over the years and by living quite sedentary, stressful lives. It all catches up past age 40 when they become overweight and wind up over medicated.
It's no wonder that providing health care is so expensive here. On the other hand it's a win-win for big pharma.
"One of the many games that big pharma is playing, is they charge Americans for variable cost of drugs, plus marketing, plus advertising, plus R&D expense, plus regulatory costs. Then, they will sell drugs to other countries just trying to make a decent return over variable productlion costs. So, the US health insurance companies get to pay for the whole package, and other countries just for the production costs."
What I don't understand is how European companies can charge only for the production costs, whatever they are. Since there is 'no free lunch', who pays for the R&D, which must be significant, to say nothing of marketing, advertising, and regulatory expenses? I may be wrong, but the obvious answer in my mind is that European government, through its tax collection process pays these costs. Therefore, though your son paid only 1/3 of the American cost, the true cost must be quite a bit higher, though I don't know how much higher. I think it is hard to determine the true cost of anything to consumers in a socialist based economy, and direct cost comparisons may not be what they seem to be on the surface.
Last article I read on it, 80% of drug doses in the US are for drugs which are off patent. And it is growing. So, it's the 20% newer drugs which are on patent and tend to be pretty darned expensive.
One of the many games that big pharma is playing, is they charge Americans for variable cost of drugs, plus marketing, plus advertising, plus R&D expense, plus regulatory costs. Then, they will sell drugs to other countries just trying to make a decent return over variable productlion costs. So, the US health insurance companies get to pay for the whole package, and other countries just for the production costs. This is part of the many reasons health care costs are higher in the US than in Europe even.
My son was in Germany this summer. He had a prescription refilled there. It was 1/3rd the cost as in the US. It didn't matter to him what it cost. In the US his school insurance covered it. In Germany, his German health care plan covered it. But it was far cheaper in Germany than in the US.
Best of luck,
didi given you see that pharma's are the big winner (again) regardless of what happens do you like me think it is past time to put some price controls on drugs like ALL the rest of the World has done?