I’m not sure there are limits on increased premiums. The constraint is that insurance companies must spend at least 80% of premiums on patient care. The problem here is that the federal budget covers any premium increases.
Pushed to the logical conclusion before it happens.
?
Private insurers.
Single payer option ?
Are established insurers this stupid ?
Have they been gamed ?
Did they read the bill ?
Insurers are not the stupid ones. Uncle Sam covers the difference. The dumb ones are the Wall Street morons making a big stink over the GOP shut down. When this is all over, they'll be paying 50% of their income in Federal income taxes. In fact, anyone making over $100K will eventually vote in lockstep for the GOP due to crushing income tax rates. However, by then, it will be too late. Because the new programs introduced will benefit so many sub-$100K income households that they can neither be repealed nor reduced in size, and an overwhelming majority of the electorate will be voting Democratic. And all because Democratic and GOP tycoons couldn't stomach the idea of being aligned with social conservatives who are opposed to gay marriage, but whose religious views also oppose income redistribution due to their adherence to the commandment that "Thou shalt not steal", even if the government does it for you.