Filed under: Capitalism, Democrat Corruption, Freedom, Health Care, Law, Politics | Tags: Affordable Care Act, Obamacare, Rising Cost - Rising Premiums
Nancy Pelosi, former Speaker of the House, once famously said that “We would have to pass the bill to find out what’s in it.” They passed it, but she apparently still hasn’t read it. It is long and confusing, but she clearly still doesn’t know what is in it. She can’t get past her extreme partisanship and speak about it honestly. One doesn’t know whether to laugh or cry.
She doesn’t remember, but here she is in 2012, asserting that she did too say everyone’s premiums would be lower. You Tube is so darned inconvenient. Politicians just haven’t caught up with the fact that their words are preserved for eternity.
Premiums are scheduled to double for most people. Premiums for a family are expected to be around $20,000 a year. With a vast shortage of doctors, wait times will increase to match the horrors of Canada and Britain. How to fix it? Well, just turn it into single payer, which is what the Democrats intended all the time. We were talking about trust and truth telling, weren’t we?
ADDENDUM: The Ohio Department of Insurance announced that based on the rates submitted by insurers, the average individual market health insurance premium in 2014 will come in around $420, representing an increase of 88% relative to 2013. Lt. Governor Mary Taylor said in a statement: “We have warned of these increases. Consumers will have fewer choices and pay much higher premiums for their health insurance starting in 2014.”
A total of 14 companies proposed rates for 214 plans to the Department. Projected costs from the companies for providing coverage for the required (by ObamaCare) essential health benefits ranged from $282.51 to $577.40 for individual health plans. They have not yet been approved by the Department of Insurance. The biggest drivers are 1) risk pool composition charges — forcing the young to subsidize the old, and the healthy to subsidize the sick. And 2) ObamaCare’s required expansion of insurance benefits. Some have the impression that rates are rising because of the law’s requirement or covering pre-existing conditions, but that represents only a very small part of the rise.
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