States okay big insurance premium increases caused by Obamacare
Finding out what’s in it: State insurance regulatory agencies have been routinely granting the gigantic rate increases requested by health insurance companies due to the costs imposed on them by Obamacare.
It’s the third year in a row for huge rate hikes, all due to the uncertainties built into the mandate-driven system of ObamaCare. The White House explained the hikes after the first year as an artifact of sudden access to care, but by year three that explanation has worn thin. The cost curve isn’t bending downward in any phase of health care, and it’s not even bending upward any longer. It’s skyrocketing, and insurers are reflecting that in their premium hikes.
At the same time that premiums have escalated, of course, deductibles have expanded almost exponentially for some families. Consumers are paying outrageously high premiums for insurance they will almost certainly never access, thanks to the need to spend thousands more out of pocket on top of these premiums before insurers have to cover anything but wellness checks.
Obviously this is the fault of Bush-Reagan and the evil Republicans in Congress, none of whom wrote or voted for Obamacare and in fact opposed it vehemently. Obama and the Democrats, who wrote the law and then forced it through Congress, are obviously innocent of any blame for that law’s disasters. Let’s vote for them again!
Finding out what’s in it: State insurance regulatory agencies have been routinely granting the gigantic rate increases requested by health insurance companies due to the costs imposed on them by Obamacare.
It’s the third year in a row for huge rate hikes, all due to the uncertainties built into the mandate-driven system of ObamaCare. The White House explained the hikes after the first year as an artifact of sudden access to care, but by year three that explanation has worn thin. The cost curve isn’t bending downward in any phase of health care, and it’s not even bending upward any longer. It’s skyrocketing, and insurers are reflecting that in their premium hikes.
At the same time that premiums have escalated, of course, deductibles have expanded almost exponentially for some families. Consumers are paying outrageously high premiums for insurance they will almost certainly never access, thanks to the need to spend thousands more out of pocket on top of these premiums before insurers have to cover anything but wellness checks.
Obviously this is the fault of Bush-Reagan and the evil Republicans in Congress, none of whom wrote or voted for Obamacare and in fact opposed it vehemently. Obama and the Democrats, who wrote the law and then forced it through Congress, are obviously innocent of any blame for that law’s disasters. Let’s vote for them again!
/>
