Sunday, November 15, 2015

John Tyler: The Obamacare cost explosion

What?  Obamacare is way expensive?  Since when???\

Just joking.
In Minnesota, small-group prices skyrocketed by up to 94 percent in 2014. Individual plans are up by an average 31 percent, and up to 60 percent in 2016, according to the Commerce Department. Minnesota insurance companies providing individual policies have already lost over $394 million since the implementation of Obamacare. They have no choice but to increase premiums to cover increased costs of care.
This paragraph in nothing but shocking.  It shows the absolute stupidity of politicians.
The politicians were crafty. Through 2015, thinking they could soften the price hikes, Obamacare promised a huge $20 billion fund to cover insurers' losses. It ended up covering just 13 percent of those losses to date. In 2016 it's gone entirely, and the full extent of Obamacare's cost increases is no longer masked by federal (deficit) spending. People have to pay. So we are having premium increases that really hurt real people. This is likely just the beginning, as Obamacare's rising costs result in a vicious cycle of shrinking risk pools of increasingly sicker people causing costs to rise again.
I think...I think the states should step in and reform the system.  Dump Obamacare and pass laws to return sanity to the healthcare system.

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