Via Politico:
Health experts see big price hikes for Obamacare
Premiums could rise more sharply in 2016.
"The cost of Obamacare could rise for millions of Americans next year, with one insurer proposing a 50 percent hike in premiums, fueling the controversy about just how “affordable” the Affordable Care Act really is.
The eye-popping 50 percent hike by New Mexico insurer Blue Cross Blue Shield is an outlier, and state officials may not allow it to go through. But health insurance experts are predicting that premiums will rise more significantly in 2016 than in the first two years of Obamacare exchange coverage. In 2015, for example, premiums increased by an average of 5.4 percent, according to PwC’s Health Research Institute."
20%-30%-50% increases, and the rest are all "moderate", right? Anyone remember when the Feds took over the student loan programs from the private bankers---another “we can do a better job at controlling cost” joke Obama presented, and our dear liberal friends swallowed. The “unexpected” result was, since the Fed guaranteed these loans, there would be no defaults---so the greedy college institutions raised their rates sending tuition cost skyrocketing.
The insurance industry and the Big Pharma’s, (both huge investors/special interest in pushing for ObamaCare), are now beginning to reap the benefits of their investment---the great ObamaCare Scam of the 21st Century. Both will point their fingers at each other blaming the rising cost, and in the meantime the insurance industry will be seeking a massive federal, (taxpayer funded), bailout---to the tune of a couple of trillion dollars just for starters---and the industry will fall under the “too big to fail” category, (just like the big banks did in 2009, only this time the taxpayers won’t be paid back.
All of this under the guise of a 100% Democrat-passed Affordable Care Act---a government-controlled take-over of the health insurance industry, another failed experiment in federal socialism.
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