Just as predicted, the healthcare insurers are now saying that because of the influx of previously uninsured people, who are all sicker than they expected, and not enough young healthy people willing to throw good money away, they're gonna have to raise the premiums by a lot. A really, really lot.
President Obama's response is almost comical. You know that guy, he's the one that Obamacare is named for, and the one who said health insurance was gonna be cheaper under the Affordable Care Act. He suggested consumers should put pressure on state insurance regulators to scrutinize the proposed rate increases. No, seriously, he said that. He said it in Tennessee while lobbying some of the states to increase coverage to care for more poor people, most of whom, of course, will also be sicker than expected.
Heathcare insurers have been banging the Obamacare drum every since 2010, and they're banging it even harder now. This, despite the fact that their stocks continue to perform ahead of other sectors and they continue to show increased profits. Obamacare was supposed to rein in the exorbitant costs of medical tests and procedures in the US, and make everyone's medical costs cheaper. Instead, Obamacare is a gift to the healthcare and health insurance industries, to be paid for by working middle class Americans who don't qualify for taxpayer subsidies. The Richie Rich and Scrooge McDuck folks are self-insured, anyway, so they aren't gonna take out any policies. Obamacare now continues and increases the economic hold of the healthcare industry over Americans, and may threaten the long-term health of our economy as the %GDP we spend on health care continues to rise.
The Affordable Care Act has already been an abysmal disaster (a Charlie Foxtrot is what it is) and the deeper we get into it the the worse it becomes.
Health Insurance Companies Seek Big Rate Increases for 2016
President Obama's response is almost comical. You know that guy, he's the one that Obamacare is named for, and the one who said health insurance was gonna be cheaper under the Affordable Care Act. He suggested consumers should put pressure on state insurance regulators to scrutinize the proposed rate increases. No, seriously, he said that. He said it in Tennessee while lobbying some of the states to increase coverage to care for more poor people, most of whom, of course, will also be sicker than expected.
Heathcare insurers have been banging the Obamacare drum every since 2010, and they're banging it even harder now. This, despite the fact that their stocks continue to perform ahead of other sectors and they continue to show increased profits. Obamacare was supposed to rein in the exorbitant costs of medical tests and procedures in the US, and make everyone's medical costs cheaper. Instead, Obamacare is a gift to the healthcare and health insurance industries, to be paid for by working middle class Americans who don't qualify for taxpayer subsidies. The Richie Rich and Scrooge McDuck folks are self-insured, anyway, so they aren't gonna take out any policies. Obamacare now continues and increases the economic hold of the healthcare industry over Americans, and may threaten the long-term health of our economy as the %GDP we spend on health care continues to rise.
The Affordable Care Act has already been an abysmal disaster (a Charlie Foxtrot is what it is) and the deeper we get into it the the worse it becomes.
Health Insurance Companies Seek Big Rate Increases for 2016
