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Finding out what’s in it: Because of Obamacare, Blue Cross Blue Shield is losing money in states across the nation, forcing them to request rate increases of more than 50 to 65 percent.
If the federal government does approve these rate increases, expect most oif their customer base to vanish. If they don’t get these rate increases, expect them to abandon the market in those states.
So much for Obama’s promise that Obamacare would bend the cost curve downward, cutting rates by $2500 per family. Too bad no one told him his numbers were completely bogus and that Obamacare would increase everyone’s cost, and possibly destroy the health insurance industry. Oh wait… that was what those evil tea partiers and conservatives were saying.