Insurers Request Huge Obamacare Rate Hikes, Many Over 20 Percent

Medical care costs are surging already. A big leap is coming.

Health Care Shock Coming

The Wall Street Journal reports Obamacare Insurers Seek Double-Digit Premium Hikes Next Year

If you buy your own health insurance, you are probably going to pay more next year—a lot more.

Insurers are seeking hefty 2026 rate increases for Affordable Care Act marketplace plans, the coverage known as Obamacare. Blue Cross & Blue Shield of Illinois wants a 27% hike, while its sister Blue Cross plan in Texas is asking for 21%. The largest ACA plans in Washington state, Georgia and Rhode Island are all looking for premiums to surge more than 20%.

The companies say the big increases are needed because of higher healthcare costs and changing federal policy, including cuts to subsidies that help consumers pay for plans. The higher premiums would come after years of enrollment growth and mostly single-digit rate increases in the Obamacare market, where individuals and families buy insurance for themselves. About 24 million people have ACA plans.

At the request of The Wall Street Journal, the health-research nonprofit KFF analyzed the rate requests for the largest ACA plans by enrollment in 17 states where the insurers’ filings have already become public, as well as the District of Columbia. They showed that some of the biggest national ACA players, including Centene and Elevance Health, are seeking double-digit increases in several states. The Blue Cross & Blue Shield plans of Texas and Illinois are both owned by Health Care Service, a giant nonprofit.

Most Obamacare enrollees’ monthly insurance bills will go up substantially next year because of reductions in federal subsidies that help pay for their coverage. Enhanced payments passed by Congress in 2021 will lapse at the end of December. The drop-off in subsidies is both helping to drive higher premiums and making it harder for many consumers to pay them.

Some people “are going to be hit with this double whammy” of bigger monthly insurance bills and losing the subsidy that blunts their cost, said Cynthia Cox, a vice president at KFF.

In rate filings, some insurers said tariffs could add to the cost of drugs and medical supplies.

Health Insurers Are Becoming Chronically Uninvestable

Also consider Health Insurers Are Becoming Chronically Uninvestable

After a rough 2024, insurers are warning that 2025 won’t be better. The trouble started when industry giant UnitedHealth Group UNH ousted its chief executive and withdrew its outlook in May, blaming higher costs in Medicare Advantage. Then, earlier this month, Centene CNC pulled its guidance, citing a sicker-than-expected population on plans under the Affordable Care Act, or Obamacare. And this week, Molina Healthcare cut its profit forecast, citing cost pressure across all its government plans, including Medicaid.

The trouble has sent shares of insurance companies plunging. This also comes as the recently passed tax-and-spending package is set to cut more than $1 trillion in healthcare spending over a decade.

Some might see an opportunity to buy the dip. But value can only be measured if you can trust company numbers—and increasingly, investors can’t. “Against a backdrop in which executives are being increasingly challenged by sharp changes in the industry, it becomes harder for investors to make educated decisions,” said Jared Holz, healthcare strategist at Mizuho Securities.

The core problem is that the assumptions insurers rely on to price plans—how many people will enroll, how sick they will be and how much care they will use—are no longer holding up. Medical usage has surged and become more volatile in the postpandemic landscape. Changes to how insurers and providers are allowed to bill and code care have eroded margins for payers. And the mix of healthy and sick enrollees in government-sponsored plans is shifting, as millions fall off insurance rolls.

The reasons each government program is struggling might differ, but the bigger picture is the same: Surging medical costs are outpacing what the government is willing to pay. 

Over the past four years, most large managed-care companies have lost investors money. UnitedHealth, Centene, CVS, Elevance and Humana HUM are all down over that stretch. Of the major competitors, only Cigna CI has delivered a positive return. The reason? It steered clear of the government-heavy business lines now under pressure. Cigna left Medicare Advantage and has focused instead on commercial plans sold to employers.

Will This Show Up in the CPI?

Only partially. The CPI only covers prices directly paid by consumers.

To the extent Medicare, Medicaid, and corporate plans pick up the costs of these premium hikes, the CPI will not pick up the jumps.

AI Overview

In the United States, around 65.4% of the population has private health insurance, which includes both employer-sponsored plans and direct-purchase plans. A significant portion of these individuals pay a portion of their premiums, with employers typically covering a large percentage. For instance, employers pay on average between 82-85% of individual coverage costs and 67-75% of family coverage costs, according to Wellhub.

Other sources of coverage include Medicaid (18.9%), Medicare (18.9%), TRICARE (2.6%), and VA and CHAMPVA (1.0%).

The CPI will only reflect the percentages directly paid by consumers.

Your costs may jump 24 percent but the CPI will only reflect a tiny bit of that.

CPI Weights

  • Medical Care Services: 6.736 percent of total CPI
  • Medical Care Commodities: 1.516 percent of total CPI

Tell anyone who pays their own insurance that medical care services is only 6.7 percent of their budget and they will think you are on mars.

But that’s what the BLS says after factoring in the percentages paid by Medicare, Medicaid, and employer coverage.

What About the PCE?

The Personal Consumption Expenditures (PCE) price index is the Fed’s preferred measure of inflation.

The PCE overweighs health care and underweights shelter relative to the CPI. And shelter was one of the CPI bright spots.

PCE does include prices paid on behalf of consumers. Since Medicare and Medicaid are underpriced, the PCE is understated as well. But the PCE will pick up employer costs.

In June, medical care services jumped 0.56 percent in the CPI. That will have a bigger impact in the next PCE report.

A year ago June, the PCE rose 0.12 percent month-over-month. Anything higher will cause the year-over-year PCE price index to rise.

Year-over-year the CPI rose by 0.3 percent in June. Expect something similar for the PCE price index. I am not as optimistic as the Cleveland Fed Inflation Nowcast.

My Conclusion

Healthcare costs will rise more than will be reflected in either the CPI or PCE, but especially the former.

But hey, perhaps you are one of the new believers in the BLS. For discussion, please see What’s With the Sudden Faith of Republicans in BLS Inflation Reports?

Suddenly, MAGA supporters think inflation is low and guaranteed to stay that way.

Related Posts

July 15, 2025: Year-Over-Year CPI Jumps 0.3 Percentage Points to 2.7 percent

Month-over-month and year-over-year the CPI rose 0.3 percent.

July 15, 2025: Real Hourly Earnings of Private Workers Decline 0.1 Percent in June

Inflation-adjusted wages fell in June. A decline in hours worked makes it worse.

July 16, 2025: Within the Benign PPI Report Is a Stew of Tariff-Related Inflation

The producer price index was unchanged in June, in an interesting way.

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AndyM
AndyM
5 months ago

This is what Americans deserve for being duped into thinking that ‘private’ is better all the time. Of course, the hard-headed will blame Obamcare, but they forget that before Obamacare people died for being denied critical care.
Healthcare insurers care more about their shareholders than their customers.

Last edited 5 months ago by AndyM
val
val
5 months ago

When Obamacare was introduced, the progressive theory was once the economy improved, individuals would be covered under their employers health plan. Obamacare enrollment would decline and costs of the program fall. Unemployment reached historic lows and Obamacare enrollment attained new highs. Another new path forward con fails.

NickL
NickL
5 months ago
Reply to  val

That ‘theory’ was never mentioned. The economy had improved by end of 2010 abd and continued to improve which obviously led to Obamas reelection in 2012

Obamacare enrollment must increase every year to spread the cost over the largest pool of people possible and the government would subsidize losses via the ‘risk cooridors:

Obamacare was supposed to be the beginning of this dream of universal health care similar to Scandinavia. Many of the original proposed parts of Obamacare never saw the light of day

FDR
FDR
5 months ago
Reply to  val

Obama was and is a neoliberal. He had a chance to pass a public option in addition to a subsidized private insurer for healthcare but he caved into the private healthcare industry pressure. Why? The insurance industry were afraid of competition from the public sector which could provide it cheaper and provide access to those that couldn’t afford Obamacare or didn’t want Obamacare or small employers that would’ve readily dumped their individual and family employees healthcare that would saved them in thousands for individual and tens of thousands for family coverage per employee.

JeffD
JeffD
5 months ago

So if they hike rates 20%, does that mean everyone who works a medical job gets a 20% wage increase? The premiums should increase by no more than a few percent if the subsidies go down, as it just means more of the premium would be paid out-of-pocket by the end user. This is just straight-up price gouging somewhere along the chain. Why would the increase vary so much from state to state, unless there is some sort of shady dealing going on?

Last edited 5 months ago by JeffD
Frosty
Frosty
5 months ago

The problem with our healthcare system is the Insurance Companies!

These (for profit) companies syphon hundreds of billions out of the healthcare system and have become the “gatekeepers” that interfere with the efficient delivery of care.

When you need medical care, you have to go be given a “billable diagnosis” and treated for that. Coding dictates care instead of the individual needs of the patient. Time is spent on getting approval from the insurance company and this misuse of the resources of the medical offices and insurance companies interference is a massive waste of time and personnel.

Insurance companies seem to always have the largest buildings in most cities and profits are massive. Returns to shareholders have nothing to do with healthcare and it is clear that a single payor results based system is more efficient.

If you want to look at a successful single payor systems look at Australia or New Zealand. Fantastic results compared to our nightmarishly expensive system.

RonJ
RonJ
5 months ago

“Over the past four years, most large managed-care companies have lost investors money…”

Financial interests. Medical studies are corrupted by financial interest conflicts.

Standard of care. A playbook. Allopathic vs naturalpathic. JD Rockefeller apparently instituted modern allopathic medicine. Today, pharma ads permeate the airwaves. I don’t consider us served by the NIH/CDC/FDA, all government agencies, not medical providers. Medical care has seemingly morphed into monopolization, with most doctors under corporate medical groups, associated with hospitals. Who owns the hospitals? Who owns the politicians? Who owns the media?

Does any of it serve the patient?

Blurtman
Blurtman
5 months ago

Experimental transfection products – no bueno.

Neil
Neil
5 months ago

The US healthcare expenditures are the highest in the world and for that money a lot of people arent even insured. Western European countries all have lower costs and universal coverage. Having health insurance linked to employer discretion and not building a counterforce to insurer power are baffling decisions given that other models are proven to be cheaper and better at providing care. Who benefits? The insurers and employers that have one more tool to make employees more likely to stay.

Christoball
Christoball
5 months ago

Is inflation by nature a form of socialism disguised as late stage free market capitalism ?

Just Some Guy
Just Some Guy
5 months ago

But…but it’s the “Affordable” Care Act.

Jojo
Jojo
5 months ago
Reply to  Just Some Guy

Perhaps you forget how UNAFFORDABLE many of the changes implemented by the ACA were before its passage?

Maximus Minimus
Maximus Minimus
5 months ago

One day, you will be able to walk into a hospital and see health services costs listed on an electronic billboard like vegetable prices in a supermarket, for you to choose from.
Futuristic indeed.

Jojo
Jojo
5 months ago

NO, one day all healthcare consults and treatments will be free, when it is administered by AI/robots.

This is what everyone should be pushing hard for. It is the the only way to kill the healthcare/insurance industry as a profit making entity.

Anon
Anon
5 months ago

Ban health insurance, and “health” care will become affordable overnight.

FDR
FDR
5 months ago
Reply to  Anon

This message brought to by The Neptune Society and the bankruptcy law firm Dewey, Cheetum & Howe

Bill
Bill
5 months ago

Socialism never works, don’t blame Trump on this one like you do everything else Mish, it’s all Obama, the Manchurian president.

FDR
FDR
5 months ago
Reply to  Bill

Unless you live in Scandinavia.

Christoball
Christoball
5 months ago
Reply to  Bill

The capitalists will sell us the pill by which we will eat cat food.

Michael Engel
Michael Engel
5 months ago

The “wonderful” insurance co cannibalized each others for decades. They dictate prices bc the rule the market. They compromised sensitive personal data. They love wealthy impaired customers who are addicted to them. They raise premiums to filter the unworthy poor. They hate Trump’s RFK Jr.

Laura
Laura
5 months ago

The cost of health care would come down if EVERYONE had to pay cash for the services at the time the services were provided. Eliminate basic insurance. Only allow catastrophic coverage.

QTPie
QTPie
5 months ago
Reply to  Laura

Sorry, but that won’t work either. Healthcare is not like any other product. This is why nowhere in the developed world follows the model you are advocating for… and guess what, their citizens are offered healthcare at much lower cost than in the US and have health outcomes that are just as good as in the US, if not better – and without going with the model you propose.

Last edited 5 months ago by QTPie
Avery2
Avery2
5 months ago
Reply to  QTPie

Try it with an MRI. Cash price $300, insurance price $4500.

NickL
NickL
5 months ago
Reply to  Avery2

No it is the other way around for someone who needs an MRI and doesn’t have insurance

Jon
Jon
5 months ago
Reply to  Laura

Medical care runs a broad gamut. I personally pay out of pocket for my medical services from my PCP, radiology, etc… but, and a big but, I can take the time to comparison shop. A nice feature of competitive capitalism. But if I had an emergency healthcare issue, I can’t. I’m stuck going to my local hospitals emergency room where I have no control over what I will pay. They become a monopoly provider, decidedly anti-competitive capitalism. Therefore, my preference would be for the federal government to regulate the costs of emergency care AND pick up 100% of the tab. Non-emergency care should be cash for services provided as you suggest. I’m 63, and the non-emergency care for my wife and myself, paid out of pocket runs about $1200/year including pharma. Very reasonable, because providers have to compete. Insurers take that out of the mix, especially with 3rd party payers (employers).

Siliconguy
Siliconguy
5 months ago
Reply to  Jon

A nice feature of competitive capitalism. But if I had an emergency healthcare issue, I can’t. I’m stuck going to my local hospitals emergency room where I have no control over what I will pay. They become a monopoly provider, decidedly anti-competitive capitalism.l

In most of the country there is only one hospital in town, so the monopoly is the norm. Which brings up a question, how big does a city have to be to support two hospitals?

Jojo
Jojo
5 months ago
Reply to  Jon

Hopefully, you and your wife don’t get cancer or have a heart attack or experience any other major expense. You’ll likely be bankrupted.

A guy at the gym had serious heart problems. They put some stents in. Cost was in the $millions. He was on Medicare with a supplemental policy. His out of pocket was near zero.

FDR
FDR
5 months ago
Reply to  Laura

what happen to an ounce of prevention is worth a pound of cure?

Laura
Laura
5 months ago
Reply to  FDR

That’s not always possible. I was healthy before I was in multiple auto accidents that weren’t my fault. I went to the health club approximately 20 days per month. Now I’m handicapped and have a lot of medical expenses. The insurance company charges over $20,000 a year for my medications. I also have to see multiple specialists. I have medical insurance but it costs me almost $1,000 a month and I have a $3,200 deductible.

FDR
FDR
5 months ago
Reply to  Laura

I am not arguing that catastrophic or in your specific instance accidental debilitating injuries should not be subsidized. My argument was in response to an earlier comment that only catastrophic medical insurance ought to be provided and the remainder coverage of preventive, etc., ought to paid for without health insurance.

Rogerroger
Rogerroger
5 months ago

As i said in a previous post your gonna pay either way. Hospitals cant deny you treatment. See texastims post. Everyone that cant afford or gets adjusted payments still gets treated. That cost is past onto those that can or can afford insurance.
.

Laura
Laura
5 months ago
Reply to  Rogerroger

Hospitals only have to provide LIFE SAVING treatment. They don’t have to treat anything that doesn’t threaten your life. (i.e. If they diagnose you with gallstones they don’t have to provide surgery, follow-up Dr. appointments, prescriptions or physical therapy.)

Jojo
Jojo
5 months ago

In the United States, around 65.4% of the population has private health insurance, which includes both employer-sponsored plans and direct-purchase plans. A significant portion of these individuals pay a portion of their premiums, with employers typically covering a large percentage. For instance, employers pay on average between 82-85% of individual coverage costs and 67-75% of family coverage costs, according to Wellhub.”

And this is the prime reason that medical costs have soared over the years. Companies are looked upon as having deep pockets and willing to pay outsized increases in health insurance year over year in order to hold onto their employees.

If each individual had to pay the full cost of their insurance (perhaps with some sort of tax credit against some or all of their payment), the increases in health insurance costs over the years would have been much lower.

FDR
FDR
5 months ago
Reply to  Jojo

No, the price for technology in medicine has surpassed the middle class and the upper middle class to pay for it.

Jojo
Jojo
5 months ago
Reply to  FDR

So no new technical advances unless the :middle class” can afford them?

How about we just tax everyone more and force people to buy smaller homes and cars, which cost less, thus leaving more money to be taxed?

FDR
FDR
5 months ago
Reply to  Jojo

What you wrote about my comment as a rhetorical question per your follow up question is an assumption.

My comment argues for affordable healthcare due to technological advances where applicable would require public, subsidized health insurance with some central, regional and local planning for the purpose of purchasing or leasing equipment at volume to earn discounts, then distribute regionally to rural areas at a center servicing a population based upon demographics, then multiple centers for urban areas servicing an area based upon demographics instead of hospitals and/or advanced equipment facilities redundancies of equipment, technicians, radiologists, etc.

MikeC711
MikeC711
5 months ago

Part of it has to do with incentives. Those of us w/private insurance are incented to economize. If our child has a recurring cough, we go to the MinuteClinic, get a generic antibiotic … and we’re out for $100 to $150. If we go to the ER, we pay a boatload out of pocket.

Many who are fully covered by gov’t plans (this is coming from folks who work in an ER) call 911, get the ambulance to take child to the ER where they run every test known to mankind, get a formulary prescription, then get a taxi voucher home. Cost $6,000 to $10,000. There is no incentive not to.

Matt1234
Matt1234
5 months ago

I’m shocked to see Illinois leading the increases! What a joke. We had Obamacare before joining a Christian healthcare plan. It sucked too, but wasn’t quite as expensive. We were fortunate to not have any major issues until going on Medicare. I had three surgeries in 2024 and my supplemental plus Medicare paid everything. We walk 5 miles a day to keep the doctor away and hope to live awhile longer.

Michael Engel
Michael Engel
5 months ago

The American housewife wants a $250K kitchen, but they don’t like home cooking. They want to be “served” in restaurants twice/three times per week.

Last edited 5 months ago by Michael Engel
Flavia
Flavia
5 months ago
Reply to  Michael Engel

You don’t know many American women.

texastim65
texastim65
5 months ago
Reply to  Flavia

Unfortunately he’s describing all too many of them.

Last edited 5 months ago by texastim65
randocalrissian
randocalrissian
5 months ago
Reply to  texastim65

You can’t get laid either, eh?

Laura
Laura
5 months ago
Reply to  Michael Engel

I prefer to cook at home. We rarely go out to eat except when family is visiting or we’re on vacation. We HATE fast food.

Michael Engel
Michael Engel
5 months ago
Reply to  Laura

Read “Dr. Moss Report” or watch him and his doc son on u tube.
Great stuff.

Avery2
Avery2
5 months ago
Reply to  Michael Engel

I remember the real estate listings from 20 years ago. “Kitchen – VIKING, SUBZERO, GAGGENAU – NEED I SAY MORE!”

randocalrissian
randocalrissian
5 months ago
Reply to  Michael Engel

Spoken like a 50 year veteran of being an incel

Neal
Neal
5 months ago

So what is the cause of Americans being sicker is ? And another is?
Those ?? being people being too stupid not to stuff their faces with junk food and people too gullible and taking the “safe and effective” jab and now getting ill on a frequent basis (recurrent corona infections, turbo cancers etc).
Why should those who are purebloods and not land whales pay for the stupidity of others? Even if your employer is picking up the tab for health insurance you are paying for it as he calculates his employment costs all in (wages, insurance etc) so you a getting a package that lowers your wage/salary to cover the insurance part as that jabbed whale in the next cubicle upped your employers insurance.
Better to have each person self insure and end the medical-pharma collusion (no more budget deficit, healthcare back to 5% gdp.)

MikeC711
MikeC711
5 months ago
Reply to  Neal

Makes sense … mostly. Some people consume vast amounts of medical services because they are diagnosed with leukemia or cancer or some other strange disease. You are 100% right that many are unhealthy due to an unhealthy lifestyle … but to differentiate is a challenge.

El Trumpedo
El Trumpedo
5 months ago
Reply to  Neal

Have you seen all the porkers waddling around? That kind of obesity causes all kinds of health problems.

Limey
Limey
5 months ago
Reply to  El Trumpedo

When I’m in the US most seem to congregate around Walmart stores. Few of them look like strangers to the desert trolley

Brutus Admirer
Brutus Admirer
5 months ago
Reply to  Neal

So what is the cause of Americans being sicker is?”

The participants in these plans were more concertedly “vaxxed” with the Fauci jab than the general public. Disability surge, all-cause mortality and turbo cancers in young people all followed immediately after the role out of the jab.

Means Testing Fanatic
Means Testing Fanatic
5 months ago

Medicare Part B premiums for 2026 are projected to increase $21.50 or 11.6%.

Michael Engel
Michael Engel
5 months ago

If SPX will slump in Aug/Sept and Oct COLA will be zero.

Six000MileYear
Six000MileYear
5 months ago

The sharp increases, as explain by the Massachusetts retirement system, is due to making expensive name brand insulin drugs available for off label weight control use.

realityczech
realityczech
5 months ago
Reply to  Six000MileYear

holy crap, is that true???

Michael Engel
Michael Engel
5 months ago

Biden flew to AZ to convince senator McCain to stab Trump in the back. Thereafter
he became a dems candidate. We got Obamacare and Biden. Obamacare was foisted on single males and poor people who cannot afford it. They will have to change their lifestyle and diet.

Last edited 5 months ago by Michael Engel
JohnF
JohnF
5 months ago
Reply to  Michael Engel

BO’s Obamacare – Forced Pay Healthcare with
Double & Triple Premiums to Save the Corrupt
Insurance Companies/Medical System after 2008 Bankster Financial Collapse.!

Michael Engel
Michael Engel
5 months ago

The mag7 billionaires can afford anything: NVDA: 4.2T, MSFT: 3.8T, AAPL: 3.15T, AMZN: 2.4T, GOOG: 2.25, Meta: 1.76T and TSLA: 1.06T. The total: 18.6T. China GDP: 17.8T. The mag 7 are 25% of SPX and 50% of the profit.

misemeout
misemeout
5 months ago

You can’t fix costs by paying with other people’s money. That’s what lead to medical care being 1 out of every 5 dollars in the economy. Medical insurance in the US is just an extortion racket and the price fixing they do isn’t even legal.

FDR
FDR
5 months ago
Reply to  misemeout

The US financial capitalist system is entirely based on other people’s money : private equity, banks, hedge funds, real estate, insurance, non bank finance, most MLB, NFL, NBA sports franchise owners, government subsidies to business, the US tax code for the top 1%.

The welfare cheats in the healthcare industry are privatized hospitals and insurance , the AMA, the supply chain in the medical goods industry, Big Pharma, and the federal congress, executive and judicial branches that underwrite, regulate and write case law for the financial capitalists.

You don’t seriously think anymore that the most corrupt government on planet Earth and its equally corrupt donor bases for both parties are there for the poor, the working and middle classes?

Follow the money

Jeffey Epstein
Jeffey Epstein
5 months ago

God Bless America….Hope we can keep paying for Israel’s Universal Healthcare.

Michael Engel
Michael Engel
5 months ago
Reply to  Jeffey Epstein

God blessed the Rothschilds, Soros, aipac, Epstein and the Mossad. The zionists rule America

Creamer
Creamer
5 months ago
Reply to  Michael Engel

Are we really gonna do “IT’S DA JOOOOOOZZZ” again Michael? Especially when you named the two Jews who don’t even like Israel? Can’t wait to hear your theories about the hebrew weather dominator and the space vaccine laser next.

Jojo
Jojo
5 months ago
Reply to  Creamer

Engel’s family tree probably has Nazi’s in it.

Creamer
Creamer
5 months ago
Reply to  Jojo

I imagine it’s more like a circle.

Michael Engel
Michael Engel
5 months ago
Reply to  Creamer

Tucker and bmc^2 idiots: I am an Israeli/American Jew. I love Israel and the US. If u mention aipac, zion and the Mossad and u trigger five million fans clapping their hands. I have the most red votes on Mish blog !

Last edited 5 months ago by Michael Engel
randocalrissian
randocalrissian
5 months ago
Reply to  Michael Engel

Zerohedge is the only place where downvotes are a true badge of honor

dtj
dtj
5 months ago

Health care and property taxes are finally catching up to the 30-40% inflation adjustment that every other good or service has had since 2020.

My healthcare premiums went up almost 20% last year. I miss the low inflation era when health care premiums went up only 7% per year.

Meanwhile, the BLS reports that health care services are up 3.2% since last year and health care ‘commodities’ are up only 0.2%.

Jojo
Jojo
5 months ago
Reply to  dtj

It should be clear to everyone that the BLS exists to produce statistics that make politicians look good and reduce costs to the government.

FDR
FDR
5 months ago

So Bernie was right that Medicare for all was the correct policy.

Creamer
Creamer
5 months ago
Reply to  FDR

It would be if the United States was able to wipe it’s own ass without a trillion dollar boondoggle. Just look at the “world’s greatest” military that has spent over a decade trying to make the spear work, trying to figure out how to replace 50 year old airframes, ect. The issue is that we refuse to do anything about open out-and-out corruption (just look at this admin for example) and thus every red cent of tax money is stolen. All while the people stealing it scream about how people just need to work harder. It’s so dumb it wouldn’t work anywhere else in the first world.

randocalrissian
randocalrissian
5 months ago
Reply to  Creamer

One day we’ll fix those dang airframes

Jojo
Jojo
5 months ago
Reply to  FDR

Yes, y’all just have to wait until you hit age 65! [lol]

Creamer
Creamer
5 months ago
Reply to  Jojo

And then you get there and it’s bankrupt

FDR
FDR
5 months ago
Reply to  Creamer

Thx to state central capitalist planners at the FED for the FIRE sectors, central planning Pentagon thinkers, a bribed Congress, Executive and Judiciary branches, and CEOs, VPs and the boards they “serve” in an incestuous relationship of financial stratagems that enrich themselves and the top 1% at the expense of the rest of society by financial engineering through accounting gimmicks facilitated by FASB and US tax law and regulations.

Capitalism as practiced in modern day America is only for the suckers that buy into the canard that markets provide equilibrium, free and open markets provide price discovery. In short,markets are rational.

The aforementioned central planners and leeches, vampires, ticks, fleas and parasites practice socialism for their class while everyone else gets to play Darwinian capitalism.

If you are not at the table, you are on the menu.

randocalrissian
randocalrissian
5 months ago
Reply to  Creamer

And people say Bitcoin is a Ponzi

FDR
FDR
5 months ago
Reply to  Jojo

No, Bernie was right. Medicare for all would save trillions.

The capitalist US healthcare system is a system based upon gouging the working and middle class as well as killing the poor.

it is a reverse Robin Hood and Murder Inc.

https://www.citizen.org/news/fact-check-medicare-for-all-would-save-the-u-s-trillions-public-option-would-leave-millions-uninsured-not-garner-savings/

Jojo
Jojo
5 months ago
Reply to  FDR

But think of all the poor insurance industry workers and executives who would become unemployed! Have you no heart? and think of all the political contributions these workers and industry makes that will disappear! /s

texastim65
texastim65
5 months ago

Why pay crazy high premiums when you can basically self insure by paying cash for whatever you need?

My neighbor is a lawyer with his own small practice. He doesn’t buy insurance at all. He just pays cash when he needs something done. A year ago he crash his motorbike and required an ambulance + hospital visit. He bargained down the cost of the ambulance + hospital visit (including cast for broken leg) to 800 bucks (400 for each).

I’m on an High deducible plan so I all but pay cash myself. Recently got the misses an MRI for 200 bucks and an small surgical procedure on her ovaries for 900. All that was pretax money in my HSA. If it was billed by insurance it would have been 5+K or more.

People paying thousands a month for health insurance with 2000 deductibles are nuts.

Phil in CT
Phil in CT
5 months ago
Reply to  texastim65
  1. Become a Lawyer
  2. Don’t get seriously ill
  3. ???
  4. Profit!
texastim65
texastim65
5 months ago
Reply to  Phil in CT

#2 describes a huge portion of the population. Especially the young (age 20-40) where baring a major accident or a long term health problem you were born with you never need care in those years.

Between 20-45 I probably saw a doctor 3x and all 3 were for beer league sports related injuries. That also applies to pretty much all my friends in that age group too.

dtj
dtj
5 months ago
Reply to  texastim65

One of the biggest reasons to have health insurance is asset protection. You can be bankrupted by medical costs if you don’t have insurance. Never mind that most places in the U.S. won’t even let you in the door without insurance.

texastim65
texastim65
5 months ago
Reply to  dtj

That’s why I live in a Homestead exemption state 🙂

There are NO hospitals in the US that can deny you if you show up to emergency. What do you think illegals and the poor do? They go to hospitals and get treated because they can’t be denied.

Last edited 5 months ago by texastim65
Jojo
Jojo
5 months ago
Reply to  texastim65

**In summary:**  
If you visit an emergency room without insurance and need emergency care, you cannot be turned away and must be stabilized. However, care is limited to what is needed to resolve the immediate emergency. After that, further treatment, unless still considered an emergency, can be refused or require separate arrangements. All care received will generate a bill, but California provides special protections and potential discounts for certain patients[4][5][1][2][3].

https://www.perplexity.ai/search/what-are-the-treatment-limits-nsHuaS1DQBekM8jgeXtoGQ#0

peelo
peelo
5 months ago
Reply to  texastim65

So with federal cuts, who will pay for all those ER visits? The provider? The state? If the state pays, then it comes out of road repair, police salaries, emergency response, etc. What could possibly be a Plan B to deal with that? States can’t print money.

texastim65
texastim65
5 months ago
Reply to  peelo

Who do you think is going to pay? Taxpayers are going to pay.

HubrisEveryWhereOnline
HubrisEveryWhereOnline
5 months ago

Thanks, Mish, for elaborating and educating us on the details of the CPI calculations, here in regards to healthcare and health insurance.

So many people claim such CPI numbers are ‘fake’ but then they don’t ever research how the statistics are actually computed.

Yes, 6.7% for medical care services does ‘seem’ low, but for many of us, most of the medical care is actually paid by a third party (insurance) company. And then of course, 6.7% is an ‘average’. Some people won’t get sick this year and will pay $0 dollars for medical care. Some people will get really sick and pay a high proportion of their spending dollars towards medical care. So across the spectrum, 6.7% of an ‘average’ consumer’s ‘annual’ budget is spent personally on medical care services.

But some people are still going to call it fake or made up

randocalrissian
randocalrissian
5 months ago

The vast majority of claims of fake numbers are based off a desire to feel right, and not a willingness to work to prove that one IS right. Part of the Cancers afflicting the USA, lack of critical thought. Don’t like something? Call it fake. I wonder if our 45th President trained tens of millions of sheep to think the self-victimization way, could it even be possible?

Naphtali
Naphtali
5 months ago

The drums of the socialists are deafening here in Oregon as the realization of funding hits of 33% may be realized. Calls for a communist upheaval can be heard in the hallowed halls of Portland as savage eyes turn toward the absolutely filthy rich for just liquidation. Unfortunately it is not clear who is actually rich- perhaps those who have a job.

peelo
peelo
5 months ago
Reply to  Naphtali

I have the same fears in California.

Creamer
Creamer
5 months ago
Reply to  Naphtali

Seeing as 1% of America has 50% of the nation’s money, I’m guessing them. Capitalism and feudalism are not the same thing, and the socialists are mostly middle class people who’ve been relentlessly screwed by “capitalism” (corporate socialism) since Reagan. Not hard to see why when you can be making a middle management salary and still be barely able to live close enough to work to commute without being late every day.

Naphtali
Naphtali
5 months ago
Reply to  Creamer

I believe that Reagan’s great mistake was that he did not foresee that tax policy would create a cadre that could and would buy the government. Now we are experiencing the nascent rebellion of those who are powerless but enslaved by Johnson’s Great Society. Unfortunately, those who can buy governments and those enslaved by government handouts will not pay the tab for socialism.

Tony Frank
Tony Frank
5 months ago

Is there any doubt regarding these 20 plus per cent increases going through? None whatsoever as the state insurance commissions merely rubberstamp whatever increases the insurance companies request. Little, if any, oversight in this matter.

Lisa_Hooker
Lisa_Hooker
5 months ago

Not to worry Folks!
The Government will pay for everything with money from the Future.

Jojo
Jojo
5 months ago
Reply to  Lisa_Hooker

There will not be money in the future when AI/robots do all the work and everything is free.

peelo
peelo
5 months ago
Reply to  Jojo

The bots will just show up and declare you need some surgery or a mental treatment!

Avery2
Avery2
5 months ago

“heath insurance” is not insurance. Start there.

realityczech
realityczech
5 months ago

Obamacare – the gift that keeps on rectally damaging pretty much everyone’s wallet.

Stu
Stu
5 months ago
Reply to  realityczech

While that may be true in many instances, what also is true, is it truly helps many more than you apparently think. I know for a fact, from eye witness account, that it has helped a slew of folks out.
I am not advocating for it, and it should not have been implemented IMO. You don’t add on to 2 already existing public healthcare programs, so now we have 3. By diluting them, it makes them appear unnecessary and overly expensive, which they are.
I would guess this disparity will change, and perhaps even the system, as it is rolled up into other Public programs, or goes away in its entirety. It can’t go on, because far, far too many programs currently exist already. We shall see, but change is coming imo…

Phil in CT
Phil in CT
5 months ago
Reply to  realityczech

Yeah people were so much better off before? Or something.

realityczech
realityczech
5 months ago
Reply to  Phil in CT

Right, because government knows best how to implement programs. Or something. ffs.

QTPie
QTPie
5 months ago
Reply to  realityczech

Absolute nonsense. Everywhere else in the industrialized world government is even more involved in healthcare and lo and behold… they spend way less and get just as good health outcomes, if not better.

realityczech
realityczech
5 months ago
Reply to  QTPie

so you trust trump, biden and their people to do this right, do you? the lack of thinking astounds. look around. Again, how’s the VA run? Good. Do vets like it and think it’s quality?

Phil in CT
Phil in CT
5 months ago
Reply to  realityczech

Why don’t you search up va hospital patient satisfaction compared to non va hospitals… The facts are contrary to what you’re saying here. VA hospital patient satisfaction is much higher than non -va.

randocalrissian
randocalrissian
5 months ago
Reply to  Phil in CT

But he can call your facts fake then he will feel like he is right on this issue. Yay American Thought Cancer

Stu
Stu
5 months ago

– The Wall Street Journal reports Obamacare Insurers Seek Double-Digit Premium Hikes Next Year
If you buy your own health insurance, you are probably going to pay more next year—a lot more.
> I would like to hear someone in the MSM, shove that down Trumps throat. Then we will see some action. Of course if it’s already in motion behind the scenes, it will backfire Bigly as He says…

Phil in CT
Phil in CT
5 months ago
Reply to  Stu

Yup. More and more people angry in time for the 2026 midterms.

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