Posted on 06/27/2014 5:08:08 PM PDT by Oldeconomybuyer
HARTFORD – The dominant health insurer in Connecticut says it has no choice but to increase rates 12.5%, or it may risk insolvency.
Executives from Anthem Blue Cross Blue Shield said the exploding cost of prescription drugs is a major factor in its decision to request to state regulators that it raise rates.
But it is the tax that ‘Obamacare’ charges the insurance company to pay for those individual tax credits that’s another major reason they say they have to increase the rates on everyone else.
“That amount begins at 8 billion dollars in 2014 and increases over forty percent to 11-point-3 billion dollars in 2015.”
The company says that the ‘Obamacare Tax’ from the federal government is not a tax deductible business expense, making the actual cost of it even higher.
(Excerpt) Read more at wtnh.com ...
The corridors, the lies, the socialism...
There will be no improvement in coverage.
The scumbags wrecked a reasonable system in order to force their insane will on an otherwise free society.
is there a pricelist for Obamacare...
somewhere on the open internet?
OK, I realize it will vary by.
amount of subsidy
state/county
age
type of plan
...
there has got to be
something of a list...somewhere.
thanks in advance for any info
“‘Obamacare Tax’ from the federal government is not a tax deductible business expense,”
Wonders will never cease. A tax that is not a tax.
Only in a Progressive or Alice-in-Wonderland World my friend!
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