More failed news regarding Obamacare as a new report has found that ACA premiums will go up at least 11 percent right before the November Election Day. Even the “cheapest of plans” that most low-income families are forced to buy, will skyrocket.
The latest news of yet another premium hike runs contrary to President Obama’s blithe pre-Obamacare claims that if we liked our doctors and insurance plans we could keep them, as well as his false claim that his Obamacare law would cut premium costs by $2,500 for every family.
The new reports also come on the heels of yet another major healthcare provider exiting the Obamacare exchanges due to massive financial losses. The repeated failures of the state exchanges will likely result in costing the federal government billions of dollars.
Promise upon promise has been broken in the implementation of this ACA monstrosity, a medical insurance flop, foisted upon us by the likes of Obama and Hillary Clinton and their incompetent band of Democratic Socialists.
According to a study earlier this year reported by Fox News, “New enrollees in individual health plans in 2014 and 2015 had higher rates of hypertension, diabetes, depression, coronary artery disease, HIV and Hepatitis C than those enrolled before ObamaCare” and “received significantly more medical care, on average, than those with individual or employer-based plans.”
The chief reason for the hike is that new enrollees often had pre-existing conditions which caused costs for care to soar.
But the hikes are not unexpected and were noted as early as April as insurers began to report the losses.
“There are absolutely some carriers that are going to have to come in with some pretty significant price hikes to make up for the under-pricing that they did before,” Sabrina Corlette, a professor at Georgetown University’s Center on Health Insurance Reforms, told The Hill in April.
Larry Levitt, “an expert on Obama’s signature healthcare law at the Kaiser Family Foundation”, stated in April that, “The industry is clearly setting the stage for bigger premium increases in 2017.”
Let’s review, once again for posterity exactly how Obama and his Care have hurt the American public and how many promises he has broken.
PROMISE 1: “If you like your health care plan, you’ll be able to keep your health care plan.”
PROMISE 2: “I can make a firm pledge: under my plan, no family making less than $250,000 will see their taxes increase – not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes.” –President Obama, Sept. 12, 2008.
PROMISE 3: “I will not sign a plan that adds one dime to our deficits — either now or in the future.” – President Obama, Sept. 9, 2009.
I turned 65 January. Went and signed up for medicare to avoid being penalized. Two weeks after signing up I get a 1500 bill. Just for signing up, because I would not use medicare. Phone calls all day long every day from insurance company insisting I should use my wonderful healthcare. So I went in for a checkup. Several days later I received a bill totalling 2400 dollars and my medicare terminated
I’d like to know who it’s affordable for. We have insurance through my husband’s employer that we can’t opt out of. Anyway, since Obamacare our premiums have gone up 336%, our deductible is before insurance pays the first dime is 12,000 and my prescriptions have tripled in cost. Then they only pay 80% leaving us 20% to pay on top of the already 12,000. It’s not affordable and now it’s going up again in 2017? Please stop this madness.