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ObamaCare Is Forcing Healthcare Premiums Through Stratosphere

Tuesday, October 25, 2016 14:02
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(Before It's News)

Here is what was promised, from an Obama speech on June 6, 2009:

“This week, I conveyed to Congress my belief that any health care reform must be built around fundamental reforms that lower costs, improve quality and coverage, and also protect consumer choice. That means if you like the plan you have, you can keep it. If you like the doctor you have, you can keep your doctor, too. The only change you’ll see are falling costs as our reforms take hold.”

Here is what was delivered:

Premiums will go up sharply next year under President Barack Obama’s health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. …

Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. …

“Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period,” said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation. …

In some states, the premium increases are striking. In Arizona, unsubsidized premiums for a hypothetical 27-year-old buying a benchmark “second-lowest cost silver plan” will jump by 116 percent, from $196 to $422, according to the administration report.

Only the cognitively dysfunctional ever believed that letting leftist bureaucrats gain a stranglehold over the health insurance industry would lower costs. The point was always to force the healthy to pick up the bills for the unhealthy, and ultimately to cause the entire system to collapse so that Big Government could step in to fix the problem it caused by imposing “single payer” — i.e., a full-blown Marxist approach that will inevitably result in severe rationing of healthcare.

If Republicans had nominated anyone vaguely resembling a serious presidential candidate, ObamaCare alone would have handed them the White House on a platter.

rocket stratosphere
Healthcare costs thanks to Obamacare.

On tips from Bodhisattva and TrojanMan. Hat tip: Morning Jolt.

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