What will happen and what they expected to happen are 2 different things. Obama and the Dems sold the insurers by promising huge revenue increases, as everyone would be forced to buy. This was the only way these companies would go along with the provision requiring them to cover pre-existing conditions.
We all see the reality - they’re getting hosed. The strong likelihood is that the sick will sign up and the healthy will opt for the penalty. Therefore the insurers will get all the expense they forecast, but only a fraction of the new revenue.
The other thing I’m surprised hasn’t been brought up yet is that this de-facto “tax increase” is the largest in history and, if operating as planned, would have be huge windfall to the Feds and States.
You see, all of those poor “uninsured” people weren’t going without health-care - they just lacked health insurance! They were not able to pay directly OR via insurance. The result is that we all get stuck with the bill, as our governments (Federal & State) USED TO pick up these costs.
Under Odramacare, working people like you and me will see much higher premiums on average, so that the formerly un-insured now have policies that WE pay for (the poor get “subsidies”). This means the Feds are taking what was a direct expense, funded through tax-receipts, and shifting it via the ACA mandates to the insurance companies (who get increased revenue through increased premiums).
So again the middle class and working class get the O-shaft - as our expenses will go up (premiums), but there will be no decrease in the tax-rates that one might expect, being as the expenses they would have normally incurred will be gone.
Classic un-funded mandate; making industry act as the tax-collectors for bloated governments and welfare state.
Said another way, we will now pay both the high taxes AND the increased premiums - just to make it “fair”.