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Finding out what’s in it: Health insurance companies are now requesting (and getting) rate increases from 23 to 54 percent due to the increased costs imposed by Obamacare.
Blue Cross and Blue Shield plans — market leaders in many states — are seeking rate increases that average 23 percent in Illinois, 25 percent in North Carolina, 31 percent in Oklahoma, 36 percent in Tennessee and 54 percent in Minnesota, according to documents posted online by the federal government and state insurance commissioners and interviews with insurance executives.
The Oregon insurance commissioner, Laura N. Cali, has just approved 2016 rate increases for companies that cover more than 220,000 people. Moda Health Plan, which has the largest enrollment in the state, received a 25 percent increase, and the second-largest plan, LifeWise, received a 33 percent increase.
At the same time, many insurance companies are merging or leaving the market because of the law makes profitability impossible.
Obviously, we must all then vote for Democrats so they can use their brilliance (demostrated so clearly with Obamacare) to solve this problem by nationalizing healthcare.