The phrase "astronomical premium" is correct and usable in written English.
It can be used to describe an exceptionally high cost or fee, often in financial or economic contexts.
Example: "The new insurance policy comes with an astronomical premium that many customers find unaffordable."
Alternatives: "exorbitant fee" or "outrageous cost".
In the end, only the least healthy individuals would remain in the pool; they would pay astronomical premiums, but insurance companies' profits would disappear.If genetic information is shared, insurers will also face eventual problems.
Under current law, if you have a gap in coverage of 63 days or longer, any insurance carrier from which you might then seek coverage could use any pre-existing health care issues you may have — like back spasms or heart disease — as a reason to deny coverage or charge astronomical premiums, far above even the expensive Cobra payments.
"This approach provides access to people with pre-existing conditions in theory but not in practice, since they'd be charged astronomical premiums if states allow it," Larry Levitt, senior vice president at the Henry J. Kaiser Family Foundation, said Tuesday evening.
A death spiral happens when insurers must repeatedly raise premiums in order to cover losses from patients with high medical bills, with each new increase scaring away more healthy customers, thereby creating new losses and forcing the insurers to raise premiums again ― until eventually only very sick people willing to pay astronomical premiums stay with the program.
Top officials in Ohio and Indiana who oppose the law have issued dire, misleading forecasts — roundly debunked by analysts — that the law will raise premiums to astronomical levels.
Without that deductible, your premiums will be astronomical.
The insurance premiums alone would be astronomical.
But covering that population would be costly, and premiums would either have to be astronomical -- or heavily subsidized.
The only things the patient knows are: how he/or she feels; sticker shock from astronomical hospital and doctor bills; and an increase in his or her insurance premiums.
Pricing was likely a big driver in the decision — after all, the display is a major driver in the iPhone X's astronomical price tag — $849 isn't exactly a steal, but it's certainly not out of the standard six-inch premium smartphone range.
