We’ve been around politics long enough to understand that for high profile legislation, the name of the bill is the exact opposite of the purpose/result of the bill. It’s the ultimate hypocrisy to entrap the support of low-information voters. Case in point, the “Patient Protection and Affordable Care Act” otherwise known as ObamaCare. We’re just going to look at the “affordable” part today. We’ll look at death panels another time.
So, what did you do with the $2,500 your family saved last year? We’re interested because our health insurance went up $4,000 not counting the $6,000 increase in deductibles and co-pays.
It turns out that Mr. Obama wrote a check that he couldn’t cash as President Obama and nobody is really holding him accountable. That would, of course, be racist.
The only part of this mess that we take some sardonic pleasure in would be the fact that those who voted for The Boy Wonder are getting slammed for their stupidity. Take California for example.
Facing political shock and awe as ten million working Californians are soon to get notices of big insurance premium increases for next year, Democrat Insurance Commissioner Dave Jones admitted July 29th that rates for individuals that enrolled in Covered California jumped by an average of 55% last year.
After two years of swearing that Covered California would save money for working state residents, Insurance Commissioner Jones in a news conference said, “The rate increase from 2013 to 2014, on average, was significantly higher than rate increases in the past.” He eventually got around to admitting that “significantly higher” meant average healthcare insurance premium increases of 22% to 88%.
That’s got to be a bitter pill to swallow for a Democrat. We’ll give him credit for trying to squirm out of a real number, and his range is laughable, but he is a Democrat.
Guess what? It’s August and the insurance companies are in process of submitting their rates for next year to the various insurance commissioners of the states. We should have a really good idea what the cost of a health insurance policy will be for next year in about two months, just before the mid-term election.
This is also the first year that the affordable part of the affordable care act will begin to hit large group plans and have an impact on those insured through their workplace. We’re not expecting any good news there either.
This should help to make the November election fun.
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