Obamacare: 1% rate hike for dependents

One of the first expansions of coverage under Obamacare allows parents to add their adult children to their employer policy, up to age 26. The expected cost, $3,380 next year, gets spread against all families in employer plans, raising premium by about 1%. As always, the devil is in the details, and here they are:

  • The kid doesn’t have to be in school.
  • The kid can be married.
  • The kid doesn’t have to live at home.

Technically, the rules take effect on plan or policy years beginning after Sept. 23, but a lot of large insurers (a list begins on page 4 of the White House’s write-through) have volunteered to take the plunge early, including Cigna, Aetna, WellPoint, Humana, Kaiser Permanente and a bunch of state Blue Cross plans.

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2 thoughts on “Obamacare: 1% rate hike for dependents

  1. Of course ObamaCare will prove to be problematic and create (most likely, like technological advances also) just as many problems as it may intend to address. It’s the nature of problems for which we have no pragmatic solutions, and in the eyes of many means that we really do not have a health care issue / problem.

    However, to the extent that either side of the aisle has an interest in improving the health of its citizens and the health care provide, it is necessary to recognize two very fundamental issues:

    1) The politicalization of the issue, or utilization of an ideological approach, will not result in an effective solution, because most human beings are not sufficiently self-motivated to pursue optimal health. It’s just not going to happen, and an ideological approach does not advance the health agenda.

    2) Because of our (minimum of) two party governmental system, ANY approach formulated will be ineffective because it is a moderate, piecemeal, compromised approach to solving the problem. Imagine giving kids a vaccine which has been diluted, watered down, or adulterated with all sorts of ingredients not essential to attacking the disease.

    Why do ANYTHING if it is not going to be effective? Why waste the time and the money pursuing goals through ineffective means?

    This issue will NEVER be resolved by either side as long as people have freedom of choice. It’s the nature of human beings.

    As Dirty Harry once said, “A man (or humankind) has to know his (or its) limitations.

  2. […] This post was mentioned on Twitter by Jim Lynch. Jim Lynch said: # health insurance at my blog: White House releases details on family coverage to age 26 http://lnkd.in/NrrcpM […]

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