The question that remains, why was this so hard to understand by the majority of voters? Where they in some kind of dream world where their 'god' could solves every problem with just his words? What do they do now that the godly 'chickens have come home to roost'? Nearly 30 million citizens will be without healthcare all together after this takes effect, and millions more will be priced out of the market into the exchanges that can't provide needed healthcare as designed?
What do all those that were fainting at the feet of 'the one' do when they finally realize their little world of make believe is vaporized by huge premiums and nonexistent quality, not to mention 'death panels' as witnessed by Kathleen Sebelius denying the 10 year old a new lung. Oh goodness, Sarah Palin was right all along. Who knew?
Does any of this makes sense to those sitting in the front pew of the church of progressive socialism?
ObamaCare Increases Insurance Premiums Prices in California
Source: Avik Roy, "Rate Shock: In California, ObamaCare to Increase Individual Health Insurance Premiums By 64-146%," Forbes, May 30, 2013.
June 6, 2013
Recently, the state of California claimed that its version of ObamaCare's health insurance exchange would actually reduce premiums. "These rates are way below the worst-case gloom-and-doom scenarios we have heard," boasted Peter Lee, executive director of the California exchange. But the data that Lee released tells a different story: ObamaCare, in fact, will increase individual-market premiums in California by as much as 146 percent, says Avik Roy, a senior fellow at the Manhattan Institute.
One of the most serious flaws with ObamaCare is that its hurricane of regulations and mandates drives up the cost of insurance for people who buy it on their own. This problem will be especially acute when the law's main provisions kick in on January 1, 2014, leading many to worry about health insurance "rate shock."
One of the most serious flaws with ObamaCare is that its hurricane of regulations and mandates drives up the cost of insurance for people who buy it on their own. This problem will be especially acute when the law's main provisions kick in on January 1, 2014, leading many to worry about health insurance "rate shock."
- The ObamaCare-compatible insurance exchange released the rates that Californians will have to pay to enroll in the exchange.
- "The rates submitted to Covered California for the 2014 individual market," the state said in a press release, "ranged from 2 percent above to 29 percent below the 2013 average premium for small employer plans in California's most populous regions."
- That's the sentence that led to all of the triumphant commentary from the left.
- "This is a home run for consumers in every region of California," said Lee.
- If you're a 25-year-old male non-smoker, buying insurance for yourself, the cheapest plan on ObamaCare's exchanges is the catastrophic plan, which costs an average of $184 a month.
- The next cheapest plan, the "bronze" comprehensive plan, costs $205 a month.
- But in 2013, on eHealthInsurance.com, the median cost of the five cheapest plans was only $92.
- In other words, for the typical 25-year-old male non-smoking Californian, ObamaCare will drive premiums up by between 100 percent and 123 percent.
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