Quote:
Originally Posted by tophcfa
I look at reality, not reports. Just got our renewal notice and our health plan is no longer available and the suggested replacement is up over 50% and has significantly different coverage so an apples to apples comparison is very difficult. And our health insurance cost, premiums only and not including copayments and deductibles, is almost 20% of our annual expenses. It proves that published government reports are misleading and not worth the paper they are printed on.
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Every response i have seen , excluding the fact based TOTV, has stated that there are huge year over year renewalcharges between 10 and 50%. Also US CPI weights health insurance at 0.5% of the total CPI. But hey, why spoil the year end rally party??
I prefer totally inept, and the change is now based on insurance companies retained earnings growth. WTF? That's the best they can do?
The process is inept because the insurance companies are not cooperating with basically a ton of contracted unique revenues, which they see no value in standardizing for government reporting and they also realize that if they do provide real data to the government, their golden goose will be cooked. . . .
totally inept and the problem is that misleading government statistics results in bad policy decisions at many different levels.
the good news is that MA raised the estate tax minimum asset value from $1.1M to $2.0M, so we just got some huge savings there.