Posted on 06/19/2013 6:50:53 AM PDT by National Review
It’s an open-and-shut case: Rates will go up a lot under Obamacare.
By James C. Capretta
Last month, the Manhattan Institute’s Avik Roy — joined by Lanhee Chen, Yuval Levin, and Dan Kessler — set off a firestorm by audaciously challenging the prevailing Obamacare-friendly story about what will happen to premiums when the law’s implementation begins in earnest in 2014. Specifically, Roy and the others disputed the initial news stories coming out of California, fed by state officials, which indicated that the premiums paid by state residents enrolled in the Obamacare exchange would be lower in 2014 compared with 2013. Indeed, according to state officials, the premiums charged by plans in the exchange would be an amazing 2 to 29 percent lower than comparable coverage in 2013. A true Obamacare miracle! The law’s apologists were exultant at the news, and said so in numerous columns and blog posts.
(Excerpt) Read more at nationalreview.com ...
The Unaffordable Poor Care Act
Millions of the uninformed American people still believe this will be “free” for them because they are “low-income”.
“Going up” is a major understatement. Most studies show them doubling at least (from an already sky high cost). Millions of middle class Americans are going to find themselves suddely without insurance because they cannot afford it.
Meanwhile the “Government” is still working to exempt themselves from the horror of this thing.
I have yet to hear a single liberal explain to me how a health care monopoly will provide more options and better pricing than a fully competitive market.
Obama is a liar.
Obama is a moron.
That's a win-win for the government. These people won't be able to afford to join any of the exchanges, so the government's liability will be zero, while at the same time, these people will be forced to pay more in taxes, resulting in a new windfall for that same government.
Within a couple of years, the American Lo-Info Voting Public will be demanding that government "Do Something" about the health care "Crisis" (which they caused). And Voila! Single-payer is born!
Can it be argued that rate increases are the fault of evil greedy insurance companies?
When I retired 14 years ago, health insurance was part of my retirement package and my former employer generously paid all the premium.
Now, my insurance premium takes fully 1/3 of my private pension. My portion of the premium increases every year by leaps and bounds. It's my secondary insurer now, after medicare but it's still the primary insurer for my wife and 2 minor children.
The company still pays my medicare premiums though, since they required me to get it at age 65.
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