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Obamacare (premiums) to skyrocket

Obamacare (premiums) to skyrocket

You Ain’t Seen Nothing Yet

More pain to come.

Much more.

As reported by The Hill:

Health industry officials say ObamaCare-related premiums will double in some parts of the country, countering claims recently made by the administration.

The expected rate hikes will be announced in the coming months amid an intense election year, when control of the Senate is up for grabs. The sticker shock would likely bolster the GOP’s prospects in November and hamper ObamaCare insurance enrollment efforts in 2015.

The industry complaints come less than a week after Health and Human Services (HHS) Secretary Kathleen Sebelius sought to downplay concerns about rising premiums in the healthcare sector. She told lawmakers rates would increase in 2015 but grow more slowly than in the past.

“The increases are far less significant than what they were prior to the Affordable Care Act,” the secretary said in testimony before the House Ways and Means Committee.

Her comment baffled insurance officials, who said it runs counter to the industry’s consensus about next year.

“It’s pretty shortsighted because I think everybody knows that the way the exchange has rolled out … is going to lead to higher costs,” said one senior insurance executive who requested anonymity.

There’s a song about this:

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Comments

Exactly as predicted. Which wasn’t much of a feat of prescience.

BIG GOVERNMENT does nothing desirable 1) well, or 2) economically.

It simply can’t, and for a number of systemic reasons that “brights” can’t begin to overcome.

    Musson in reply to Ragspierre. | March 19, 2014 at 11:49 am

    Democrats stole my HealthCare.

      Juba Doobai! in reply to Musson. | March 19, 2014 at 12:31 pm

      Democrats stole my right not to have health insurance for anything but catastrophic care.

        While assigning blame, don’t forget John Roberts.

          caseym54 in reply to MarkS. | March 19, 2014 at 3:00 pm

          Roberts, in the end, has done us a favor. Yes, lots of pain, but people NEED pain before they realize their mistakes.

          If the SC had struck it down, Obamacare would be a martyred program and would keep the leftist base active for decades, in much the same way Roe has worked on the right.

          But now, with the monumental hubris of Congress’ radical plan exposed to all, the left is demoralized and it could even mean the end of the progressive agenda for quite some time. Sure, the bad penny will turn up again, it always does, but not until the bad taste is gone and that will take some time.

“The increases are far less significant than what they were prior to the Affordable Care Act,”

Did she ever take a math class?

Before the ACA, my premiums were edging up in tiny increments, such that it took several years for the increase to make a significant difference. When part of the ACA mandates started kicking in, I saw a 25% increase in one year, and the next year my policy was canceled and the cheapest alternatives cost double what I paid before the ACA. My brother saw a 100% increase at the same time, like many other people.

How many people had 100% yearly premium increases before the ACA? Hmmm?

    Estragon in reply to Radegunda. | March 19, 2014 at 1:32 pm

    The increase this year already exceeds the premium increases in the previous five years put together.

    caseym54 in reply to Radegunda. | March 19, 2014 at 2:54 pm

    This has nothing to do with math. When the actual increases come out, Sibelius and the administration will attack the insurance companies as traitors and wreckers, sucking up everyone’s money and offering lousy policies. It’s all their fault!(TM).

    Then they’ll offer a single-payer plan to nationalize the insurance companies and invigorate the Left for the mid-terms. They have nothing left to lose.

    Radegunda in reply to Radegunda. | March 19, 2014 at 5:51 pm

    Rechecking my math estimates: the first round of Obamacare-related mandates resulted in more like a 30 or 33 percent increase, an increment I never saw pre-Obamacare. Not even close. To say nothing of the doubling or worse by the time of full implementation.

    It’s jaw-dropping that Dems are still trying the “it would have been worse without Obamacare,” which is even more obviously absurd and more easily refuted than “the economy would be much, much worse if Obama hadn’t saved us.”

The exponentially increasing rate of lies, falsifications, squirrel distractions, hyperbole and pufferies produced by the Obama administration is closing in on the same total as the national debt.

Primary the GOPers who fought against the Cruz filibuster. Change the voting age to 30 so that silly young people impressed by “cool” don’t vote in idiots who would advocate abominable policies like this.

Her comment baffled insurance officials, who said it runs counter to the industry’s consensus about next year.

Poor insurance officials.

They must still think they’re in charge.

Humphrey's Executor | March 19, 2014 at 1:08 pm

Did ya hear about the 62 yo man who signed up for OC, had a heart attack, and now no one knows who has to pay his $500K medical bills. The problem is not that there is no insurance. The problem is how can any of us expect to shift that kind of financial burden on our neighbors? Its just not justifiable.

And the oldest and infirm will be hardest hit by these huge premium hikes.

Wasn’t it incredibly immoral to be against ObamaCare just a few years ago? You know, you just wanted people to die young, etc.?

Obama and the Dems own this p.o.s. Let them eat every consequence from this law.

I believe it was Dr. Sowell who pointed out the folly of “believing we can’t afford health care, doctors, and insurance, but we can afford health care, doctors, insurance, and a government bureaucracy to run it all.”

It was ALWAYS a lie about the “$2500 a year savings per family” – notice none of our faithful media people EVER asked how that was going to happen.

ObamaCare is designed on the Underpants Gnome business model. Somehow if you mandate MORE benefits on all policies and require everyone to buy the more expensive policies, it all gets cheaper.

In a perfect world, no one who voted to reelect Obama would ever be permitted to vote again, or leave home without a helmet. For their own good, and ours.

1. Everybody knows that the solution to government bungling is to give the government more power:

Market failure! Market failure!! The Left will joyfully proclaim. Nothing for it but to nationalize the whole health care industry. (With loopholes for the elite, of course…if you have to ask how much nongovernment healthcare would cost, you couldn’t afford it…)

2. MarkS | March 19, 2014 at 1:55 pm

While assigning blame, don’t forget John Roberts.

On the merits, I wish that SCOTUS had thrown out Obamacare. Otoh, we’d be bombarded 24/7 about the paradise from which the evil greedy Republican exploiters ejected us…

Cue the vilification of the evil, profit-seeking insurance executives who don’t care about the children or the old or the sick in 3…..2…..1…….

Stupid Insurance industry laid down with the progressive dogs and now they have fleas, and a tape-worm to boot.

    Ragspierre in reply to Paul. | March 19, 2014 at 2:27 pm

    The danger of the siren song of fascist economics. BIG businesses are naturally drawn to BIG GOVERNMENT, as Adam
    Smith wrote over two centuries ago.

pablo panadero | March 19, 2014 at 3:01 pm

Time for the Republicans in the house to pass the “Obamacare Non-Delay Act of 2014” which would prohibit further delays of the pain of obamacare to after the 2014 election.

MaggotAtBroadAndWall | March 19, 2014 at 4:21 pm

Here’s what the Tea Party and Legal Insurrectionists have to say about skyrocketing insurance premiums:

http://rlv.zcache.com/obama_we_told_you_so_how_do_you_like_obama_now_bumper_sticker-r9a919f0108af4e27b7deac94f146afbf_v9wht_8byvr_512.jpg

Henry Hawkins | March 19, 2014 at 6:01 pm

Hold on, now. I signed up for Obamacare and got better coverage, much lower premiums, and a deductible of only $100. Then I went out and won the Super Bowl and an Oscar for my starring role in Twelve Years A Slave, after which I married Farrah Fawcett, who gave birth to eighteenuplets, half of whom were Cherokee.

    TrooperJohnSmith in reply to Henry Hawkins. | March 20, 2014 at 11:24 am

    You really aren’t doing folks on the Internet, like me, any favors. Me? I’m a former Navy Seal (who still runs covert missions on the weekends for fun), married to a former Miss Sweden Universe (who won the world title three times in a row) with whom I have 2.3 perfect children, all of which are child prodigies. My nine-year old just tested out of MIT.

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