Which is nothing new because health insurance premiums only know how to skyrocket, but this time they will skyrocket even higher, so all that fantasy talk by the fed saying there is no inflation, well between skyrocketing rents, skyrocketing health insurance premiums and skyrocketing prices on everything else it's all lies by the fed how they claim inflation is tame....well here comes higher premiums for health insurance that no one could have predicted...... http://www.cnbc.com/2016/08/09/the-big-obamacare-bubble-is-about-to-explode-commentary.html
Have you ever known them the go down? Anything Health related is a sure thing prices goes up unless entire stock market going down, then stock prices goes down but not costs of MRIs or blood work or doctor visits.
It has been my experience that providers haven't been trying very hard to collect medical bills before sending them to collection these days. A rep of the provider told me to 'pay what you can each month' (which I did) and 120 days later the 5-figure medical bill ended up in collections anyways. They didn't even attempt to setup a payment plan. It is as if they want it to fail. "Everyone deserves affordable healthcare." Of course affordable is defined as costing slightly less than a new Hyundai when you need it. FS
Fear not my friends, the CPI shows only a 3% increase for medical care... http://data.bls.gov/timeseries/CUUR0000SAM?output_view=pct_12mths http://www.milliman.com/mmi/ "Over the 10-year period ending March 2016, CPI-medical has increased by approximately 3.2% per year, while the MMI has increased by 6.8% per year."
The problem is that the healthy young people who are supposedly forced to buy insurance are paying the penalty instead of buying it. So the penalty is too low. I don't even care what it costs, even it it's more than my mortgage. Health care insurance is the most important thing I can own. The body is irreplaceable (and decaying slowly). I don't hear anyone complaining that as their car gets older, it costs them more in repairs. It's expected.