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Obamacare on the brink of collapse: Insurance rates are rising rapidly

Monday, November 7, 2016 23:25
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(Before It's News)

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obamacare(NaturalHealth365) As insurers flee Obamacare in escalating numbers, it’s clear that the ‘Affordable Care Act’ is not sustainable as a practical healthcare solution. In fact, the cost of Obamacare has moved our county’s healthcare system to the edge of total collapse.

Meanwhile, Democrats and the Obama administration keep calling the Affordable Care Act “a great success.” They point out that 20 million Americans who were previously uninsured now have insurance. However, they fail to mention that these “results” sacrifice the qualities required to make Obamacare sustainable going forward. (There is a better way – keep reading)

The key components of Obamacare sustainability have evaporated

It was expected that since the healthcare plan was required, millions of the youngest and healthiest among us would rush to sign up, paying premiums that would result in an influx of cash into the system. This money would be used to cover the healthcare costs accrued by older enrollees more prone to becoming sick.

However, large numbers of these younger, healthier Americans simply ignored the Obamacare law. They instead opted to pay the initial $95 penalty on their tax return.  Of course, that ‘penalty’ cost is rising – every year.  Because of this, the majority of new enrollees in Obamacare are the sickest among us – the people with the most healthcare bills.

Insurance premium costs set to rise at least 60 percent in many regions of the United States

As more insurance companies drop out, healthy competition between them also evaporates. Many state counties now have only a single provider. Competition among companies was among the components of sustainability touted by the Obama administration.

The insurance companies still standing have been forced to pare back their plans while raising rates. The following states are set to experience some of the highest healthcare premium cost increases in the coming months:

Minnesota: To avoid total collapse in the state, Obamacare health insurers in Minnesota will be raising rates by an average of 60 percent next year.

Tennessee: The state of Tennessee is looking at a 59 percent weighted rate increase for healthcare premiums from its three major insurers Blue Cross Blue Shield, CIGNA and Humana.

Illinois: Illinois residents can expect a 45 percent average spike in their health care premium costs in 2017.

Georgia: Georgia’s top three health care companies are set to raise rates by an average of 33 percent.

Iowa: Iowans can expect around a 30 percent insurance rate increase by its two largest health insurance providers.

These increases are on top of the numerous insurance premium price hikes that have already taken place since the launch of the Affordable Care Act. (Boy, that name really sounds ridiculous now, doesn’t it?)

Editor’s note: I’ve discovered a medical cost-sharing program that will save you money AND covers the cost of integrative medicine! Click here to discover the program I personally use and fully support.

Healthcare alternatives that offer a BETTER way to protect your health

Americans do have some recourse.  Viable opt-out options include joining a medical cost-sharing system – which is a charitable way for a community of people to pool financial resources together and share in medical expenses.

Other options include buying an alternative or emergency policy, maxing out the medical components of auto insurance policies, negotiating lower costs for medical bills or expensive procedures, and only using generic versions of prescription drugs. Of course, living a health-focused lifestyle is the most important step you can take, and we strive to support you in this with the information provided on NaturalHealth365.

The cost of Obamacare in its current state is grave, with fewer choices available along with skyrocketing premiums. A Hillary Clinton administration would seek to double down on Obamacare and move the entire healthcare system into the government’s control.

Click here if you would like to save money on your healthcare – which includes coverage for your integrative medical expenses. (This program is personally endorsed by Jonathan Landsman)

References:

http://www.breitbart.com/big-government/2016/09/03/obamacare-insurance-markets-on-verge-of-collapse
http://www.fool.com/investing/2016/09/11/obamacare-rates-are-slated-to-rise-by-at-least-30.aspx
http://www.bloomberg.com/news/articles/2016-09-30/near-collapse-minnesota-insurers-up-obamacare-rates-by-half
http://www.breitbart.com/big-government/2013/12/25/top-8-ways-to-opt-out-of-obamacare

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The post Obamacare on the brink of collapse: Insurance rates are rising rapidly appeared first on Natural Health 365.

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