Insurers predict 100%-400% Obamacare rate explosion


#1

nternal cost estimates from 17 of the nation’s largest insurance companies indicate that health insurance premiums will grow an average of 100 percent under Obamacare, and that some will soar more than 400 percent, crushing the administration’s goal of affordability.
**New regulations, policies, taxes, fees and mandates are the reason for the unexpected “rate shock,” **according to the House Energy and Commerce Committee, which released a report Monday based on internal documents provided by the insurance companies. The 17 companies include Aetna, Blue Cross Blue Shield and Kaiser Foundation.

Insurers predict 100%-400% Obamacare rate explosion | WashingtonExaminer.com
Come 2014 most Americans will not be able to afford insurance. 2014 will bring major shifts to Americans by forcing them to file and require them to carry insurance.


#2

I can’t wait to hear from the 0bamacare proponents how this is still saving us money.


#3

[quote=“Conservative_Libertarian, post:2, topic:39462”]
I can’t wait to hear from the 0bamacare proponents how this is still saving us money.
[/quote]Funny you say that.

Posted by Jim Hoft on Saturday, January 8, 2011, 11:24 AM

Last year Nancy Pelosi pushed Obamacare as a way to reduce the deficit.

What nonsense.

The Wall Street Journal told its readers today that if you believe Obamacare will save the country money, you’ll believe anything.
The Wall Street Journal reported:

Of all the claims deployed in favor of ObamaCare, and there are many, the most preposterous is that a new open-ended entitlement will somehow reduce the budget deficit. Insure 32 million more people, and save money too! The even more remarkable spectacle is that Washington seems to be taking this claim seriously in advance of the House’s repeal vote next week. Some things in politics you just can’t make up.

Terminating trillions of dollars in future spending will “heap mountains of debt onto our children and grandchildren” and “do very serious violence to the national debt and deficit,” Nancy Pelosi said at her farewell press conference as Speaker. Health and Human Services Secretary Kathleen Sebelius chimed in that “we can’t afford repeal,” as if ObamaCare’s full 10-year cost of $2.6 trillion once all the spending kicks in is a taxpayer bargain.

WSJ: If You Believe Obamacare Will Save Money, You’ll Believe Anything | The Gateway Pundit

Years ago I remember a politician who claimed the new system would say driver’s money when they introduced the sticker system for licence plate renewal. That was the way it was presented, but however actually was what the government meant was the price was not going down to the public but for the government.

Fact is what is going on is the government is looking for new reveue in taxes which will lower the deficit and** not** and I repeat** not lower** cost to Americans.


#4

I can’t believe anybody today is still buying health insurance.
Why would you?