Insurance premiums skyrocketing due to Obamacare

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Finding out what’s in it: Because of Obamacare health insurance premiums will go up again next year, as much as 60 percent in some cases.

This story isn’t really news. As predicted by every conservative and tea party person before Obamacare was passed in 2010, as Obamacare has kicked in and as it has forced insurance companies to pay for the healthcare of the sick who never paid for health insurance previously, they are forced to raise their rates to cover the costs. These increases are only the start. Worse, they are getting so burdensome that soon no one will be able to afford health insurance at all, which will make it impossible for that insurance to protect anyone.



  • Cotour

    As per design.

  • Edward

    It is not only that the insurance companies now have to pay for the healthcare of the sick who never bought health insurance before, but now that insurance prices have skyrocketed, those of us who have been healthy are finding that buying the expensive insurance has become foolish. Not only are these insurance companies paying out more, but they are losing income from healthy people who now find it unreasonable to pay high insurance for the low probability that they will have a catastrophic illness.

    The deductibles are now so enormous that we healthy people will reach these limits only in the case of catastrophic illness. I used to be able to get better catastrophic insurance coverage for a much, much lower price with lower deductibles, but Obama thinks that he knows better than I do as to what I need in my health insurance, so he mucked up the available coverage and made the price unaffordable.

  • Rick

    The plan is working. Single payer through default.

  • PeterF

    But we could ALL afford the coverage if we all received a the universal basic income…

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