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Premiums Rise Faster Than 8 Yrs Before O-Care

From the Daily Caller:

Report: Premiums rising faster than eight years before Obamacare COMBINED

By Sarah Hurtubise | March 18, 2014

Health insurance premiums have risen more after Obamacare than the average premium increases over the eight years before it became law, according to the private health exchange eHealthInsurance.

The individual market for health insurance has seen premiums rise by 39 percent since February 2013, eHealth reports. Without a subsidy, the average individual premium is now $274 a month. Families have been hit even harder with an average increase of 56 percent over the same period — average premiums are now $663 per family, over $426 last year.

Between 2005 and 2013, average premiums for individual plans increased 37 percent and average family premiums were upped 31 percent. So they have risen faster under Obamacare than in the previous eight years.

Which is not quite what we were promised. Meanwhile, Obama-Care also isn’t insuring the uninsured. So why did we have to have it?

An important caveat is that eHealth’s prices don’t include subsidies, so the prices for anyone earning between 100 and 400 percent of the federal poverty level will be lower. The Department of Health and Human Services (HHS) has repeatedly claimed patients will pay as little as $18 per month, without noting the taxpayer cost.

Taxpayer money is not real money. Especially when it is going to the Democrat’s free-loader base. (By the way, remember that we were told by Nancy Pelosi that Obama-Care would put an end to ‘free riders.’)

Premiums are being hiked across the board for several reasons, but the biggest contributor is the Obama administration’s highly touted “essential health benefits,” services that insurers on and off exchanges must provide.

Some benefits, such as emergency and laboratory services, are uncontroversial. But others, like maternity, newborn and pediatric services, are causing headaches for huge swaths of the population that don’t need them. Anyone past childbearing age, single men, the infertile, even nuns — their premiums are rising as well, because their plans must, by law, provide more services.

But premiums aren’t the only key to health care costs — deductibles and out-of-pocket costs like co-pays are also rising. When it comes to employer health plans alone, four out of five U.S. companies have increased deductibles or are considering doing so…

All of which was so predictable — that we predicted it.

This article was posted by Steve on Wednesday, March 19th, 2014. Comments are currently closed.

One Response to “Premiums Rise Faster Than 8 Yrs Before O-Care”

  1. GetBackJack says:

    Bill and Hillary Clinton: “We know how to spend you money better than you do.”

    /nothing’s changed

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