Wednesday, September 28, 2016

Winding Up, Winding Down

Whatever happened to Obamacare?
As a candidate on the campaign trail in 2008, Obama once said: “If you’ve got health insurance, we’re going to help that employer save $2,500 per family per year. … Those savings are going to be passed along to the workers.”

Nationally, though, premium hikes are expected to average 8 percent next year. Many insurance companies are seeking much more than that, for the exchange plans and those offered to employers.

Premera in Washington state is approved to charge 19 percent more next year. Rates across California will go up an average of 13 percent. Blue Cross and Blue Shield of Texas is asking to raise premiums a stunning 60 percent.

Long-time critics of ObamaCare say they saw it coming.

“That basic promise, that it’s going to make health care more affordable, it’s not making health care more affordable,” said Avik Roy, an author and Republican adviser. “It’s making health care more expensive, especially for the uninsured.”
As it was planned to do...

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