Health Insurance Rates to Increase Due to ObamaCare

Spending more more than $1 trillion dollars on "reform" will not reduce your costs, will not cut the deficit, will result in rationing, may result in losing your current plan and doctor, and will not cover all Americans.

Health insurance rates to increase due to ObamaCare, reports the Wall Street Journal, Rate Increases Are Blamed on Health-Care Overhaul.

Thanks Barack! You and your Liberal cronies forced through your health insurance "reforms" (despite massive public disapproval) promising lower insurance rates and federal deficit reduction.

Well, only a few months into the plan, and it turns out that you were wrong and we were right.

Health insurers say they plan to raise premiums for some Americans as a direct result of the health overhaul in coming weeks, complicating Democrats' efforts to trumpet their signature achievement before the midterm elections...

Shockingly, with added requirements including letting children stay on their parents' insurance policies until age 26, eliminating co-payments for preventive care and barring insurers from denying policies to children with pre-existing conditions, plus the elimination of the coverage caps, insurance companies are facing higher costs and passing those costs to the consumers.

...carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the law, according to filings with state regulators....some consumers could face total premium increases of more than 20%."

"Anytime you add a benefit, there are increased costs," said Karen Ignagni, president of America's Health Insurance Plans, the industry's lobbying group.

Who could have predicted that? Well, pretty much everyone who was being honest during the health care "reform" debates.

As for that claim that adding 30 million people to the Medicare roles will actually reduce costs and not expand them? Sorry again, but no.

The CBO had originally estimated that the health care reform bill would result in a net reduction in federal deficits of $143 billion from 2010-2019; this revised number would eliminate most of that savings.

So, dropping more more than $1 trillion dollars to "reform" health care will not reduce your costs, will not cut the deficit, will result in rationing, may result in losing your current plan and doctor, and will not cover all Americans.

What exactly are we getting for OUR money?