Posted on 08/21/2018 1:59:11 AM PDT by gattaca
RUSH: How many of you have gone out and tried to buy health insurance lately? Have you been surprised by any of it? Well, I’m asking you out there because there is stunning news — beta 9 just dropped if you want to go — you’ve got it, okay. There’s a story here Investor’s Business Daily. Well, Investors. It used to be Investor’s Business Daily, but they have modernized.“Media Ignore Record Low Increase In Obamacare Premiums.” Anybody want to guess why? I wonder if any of you who have tried to buy health insurance lately have been shocked at how — it’s not inexpensive, but how small the increases from previous years are. “Democrats promised to make President Trump’s efforts to ‘sabotage’ ObamaCare a big election issue this year.”
Where is it? Has anybody seen the Democrats making a big deal out of Trump trying to sabotage Obamacare? Have you seen that? You haven’t, have you? There isn’t any. I haven’t seen any Democrats caterwauling about Trump destroying Obamacare, have you? They were gonna make it a big deal. Why haven’t they? Well, because there isn’t any big deal.
Rate increases for Obamacare premiums started coming in well below expectations, I mean well below expectations. And people said, why isn’t that news? Because it doesn’t help the Democrats. That’s why it’s not news.
“A few months ago, the Washington Post reported that Democrats were ‘centering their campaign to retake Congress … on a staunch defense of the Affordable Care Act.’ Senate Minority Leader Chuck Schumer declared that ‘We Democrats are going to be relentless in making sure the American people exactly understand who is to blame’ for-sky high rate hikes. News outlets ran story after doomsday story about how efforts to undermine ObamaCare by Republicans and the Trump administration would cause a huge spike in premiums.”
Remember after Trump was elected, what Paul Krugman said? That we were going to be in a permanent economic decline, not temporary, a permanent economic recession. Why does the guy even have a job? He hasn’t been close to right since Trump was elected or two years before it. So another big Democrat issue has just bitten the dust.
Now, let me tell you why they were gonna make a big issue out of it. Obamacare premiums in 2014 increased 25%. In 2015 Obamacare premiums, if you went to the Obamacare website like the law used to mandate that you do, if you went there in 2015, the increase was 14% from the year before. In 2016, election year, the rate increase was 8%. In 2017, Obamacare rate increases were 23%. Remember Trump hadn’t done anything to Obamacare yet, tried but hadn’t done anything. In 2018, the 2018 health insurance premiums were purchased in late 2017, okay? So 37% increase over 2017, which was a 23% increase over 2016.
The increase, if you go buy health insurance now, if you’ve been buying it now or for the rest of the year, the 2019 health insurance rate increase will be 1% or less. It’s what’s called bending the cost curve down. It’s what happens when adults are put in charge of things. This is what happens when a central key element of Obamacare was repealed. Making you buy it, there’s no reason to cut costs if you have to buy it. Why would anybody cut costs? With the mandate gone, there’s competition. It’s stunning. Health insurance increase. They’re sky-high, don’t misunderstand. But the rate increase next year is only gonna be 1% because of action the Trump administration has taken on Obama.
Related Links Investor's Business Daily: Media Ignore Record Low Increase In ObamaCare Premiums
Love it when the adults are in charge.
Trump quietly gutting the beast known as “Obamacare” while the media is preoccupied with chasing nonsense, is going to be an important and valuable part of the Trump legacy.
The Fake News has all it can handle with maintaining a state of high dudgeon over Brennan losing his entirely unecessary security clearance.
A guy who converted to Islam, voted for a communist, and has leaked classified information to the media on more than one occasion. He wants to keep his clearance so he’ll have something to peddle on CNN.
Then there’s the “need to know” problem. He has none.
The issue is not whether Trump has the right to strip his clearance (he absolutely does, and would be derelict not to), but how this menace got cleared in the first place.
We can thank Bill Clinton for that. He revamped the program giving 100% discretion to the president should he wish to sell clearances.
But, I digress.
Bump!
That is good news. :D
We aren’t using tax dollars to supplement Obamacare are we!!
Guy it. Destroy it. Kill it.
Hmmmm, did not know this. I’m self employed and lost my insurance when the treasonists decided to jack up my premiums through the roof through the Obamacare scam. Matter of fact last tax return they wanted me to pay a $700 “fine” for not being rich enough to buy it butI lied and said I was exempt, arrest me see what I care. Anyone self employed buying it now? Are the premiums still insane?
And while Congress and the RNC do NOTHING to help, despite many getting elected on promises to do so.
I wish Paul Krugman would start giving advice on which specific stocks to buy and avoid. He is so reliably wrong, I could cash in!
He’s right. What is the incentive to keep premiums low when you are forced to buy it?
At this point, just staying out of President Trump’s way and not actively trying to sabotage him is probably too much to hope for.
RINO season. It’s coming.
It is a mystery to me why getting rid of the affordable healthcare act isn’t a top 5 priority. Healthcare insurance is completely unaffordable now, and the deductibles are crazy. Dumping this horrible law should be up there with border security and 2A protection.
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