The Coming of Unaffordable Health Insurance Due to ObamaCare

The Light-bringer will save you from the burdens of personal choice on health matters-- and all for the bargain price of trillions of dollars!

I was just writing about how ObamaCare was going shoot up the costs of coverage and make affordable health care a thing of the past. Luckily enough, I came across this editorial from The Washington Examiner which mentions the coming rate hikes. Check out the whole piece at the link below.

From an editorial in The Washington Examiner:

On the campaign trail on June 5, 2008, after effectively securing the Democratic nomination, Obama declared, “In an Obama administration, we'll lower premiums by up to $2,500 for a typical family per year.” 

In reality, his law piled on a heap of new regulations on insurance policies that drove up the cost of insurance, especially on younger and healthier Americans. A Nov. 2013 Obamacare study from the Manhattan Institute looked at premiums in 49 states and found that on average, the base price of premiums went up 41 percent as a result of Obamacare. 

In the coming months, insurers will have to submit premiums for 2015, and they're already warning consumers to brace themselves. "I do think that it's likely premium rate shocks are coming,” Chet Burrell, chief executive officer of CareFirst BlueCross BlueShield, told Reuters. “I think they begin to make themselves at least partially known in 2015 and fully known in 2016.”  

During his health care pitch to the American people, Obama also vowed to make the system more affordable to businesses. But Obamacare imposes a raft of new requirements and regulatory red tape on businesses. 

A recent study from the American Health Policy Institute analyzed the internal costs of Obamacare among more than 100 large employers (defined as having more than 10,000 workers). It found that over the next decade, these large employers would pay between $4,800 and $5,900 more per employee than they otherwise would have without Obamacare. In total, the study estimated, the cost of Obamacare to all large employers would be somewhere around $151 billion to $186 billion. [emphasis mine]

All that money so that big-gov fans in D.C. can tell you what insurance you must buy, for how much, and what will be the most cost-effective (also known as often ineffective) treatments inflicted upon you-- after all, decisions that important and expensive shouldn't be left in the hands of patients and doctors.

What a bargain!