Skip to comments.EDITORIAL: Paying the ObamaCare premium (Insurance News Net)
Posted on 04/14/2014 12:22:33 PM PDT by Brad from Tennessee
April 14--Contrary to the Obama administration's empty assurances, ObamaCare-related premiums are not on pace for merely a slight increase next year. Health insurance officials tell The Hill newspaper that patients could see their fees double in some parts of the country.
Their response follows comments by former Health and Human Services Secretary Kathleen Sebelius, who told Congress that rates in 2015 will rise slowly. "The increases are far less significant than what they were prior to the Affordable Care Act," she said.
Fat chance, according to industry insiders, who spoke on the condition of anonymity -- no doubt in response to Ms. Sebelius' threats against those who speak ill of ObamaCare.
One insurance official from a "populous swing state" says he expects his company to triple its rates, The Hill reports.
Specifically, areas with older, sicker or smaller populations stand to be hit the hardest, insurance officials say. Another factor is ObamaCare's barrage of new fees and unrelenting regulations. . .
(Excerpt) Read more at insurancenewsnet.com ...
Link below to story on Morgan Stanley survey of insurance brokers:
Mine went up 40% (20+20) in the 2 years prior to ObamaCare actually starting (2014),
In both cases, our provider said these increases came as a result of having mandatory procedures to cover as well as those with pre existing conditions - AKA ObamaCare.
That does not even count that my “co-pay” went up 300%.
Another 50% and the cost of my tax penalty is less than my so called coverage.
People with current Obamacare policies will just drop them. Quit paying altogether.
And then the percentage penalty you pay goes up past the 1% that it is this year...
So effectively the end result will be huge swaths of the population paying the no-insurance penalty in a desperate bid to stay solvent but NOT HAVING ANY INSURANCE. And where does all that money go? It’s just a tax at that point for which you get NOTHING in return. You end up subsidizing someone else insurance when you don’t even have any. It’s PURE EVIL.
“One insurance official from a “populous swing state” says he expects his company to triple its rates, The Hill reports.
Specifically, areas with older, sicker or smaller populations stand to be hit the hardest, insurance officials say.”
OH, MI, PA, ? Those would be my guess.
so, do the insurance companies start jumping off the Obamacare train before the election?