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Large 2017 Obamacare hikes -why need to vote Republican (general)

by AC @, Sunday, October 23, 2016, 09:27 @ AC

Large 2017 Healthcare (Obamacare) hikes -why need to vote Republican

Regardless of the fact that Donald Trump is just as unlikeable as Hillary Clinton - large coming hikes in Obamacare costs in 2017 will hurt Americans big time. Only the Republicans holding the Presidency, Senate & House can fix this Obamacare mess.

LEFT'S 'WISHFUL THINKING' TRIGGERS OBAMACARE 'DEATH SPIRAL'
Americans see soaring health-insurance premium increases for 2017

by GREG COROMBOS

States and insurance companies are revealing major health insurance premium increases as they roll out rates for 2017, and a leading health-care expert says the carriers who are staying in the market have to jack up costs to compensate for the huge money lost by drastically under-pricing the product in the first place.

On Wednesday, the Wall Street Journal laid out the extent of premium hikes for individual plans both in terms of states and insurance companies.

“Market leaders that are continuing to sell coverage through HealthCare.gov or a state equivalent have been granted average premium increases of 30% or more in Alabama, Delaware, Hawaii, Kansas, Mississippi and Texas, according to information published by state regulators and on a federal site designed to highlight rate increases of 10% or more,” reported the Journal.

“In states including Arizona, Illinois, Montana, Oklahoma, Pennsylvania and Tennessee, the approved rate increases for the market leader top 50%. In New Mexico, the Blue Cross Blue Shield plan agreed to resume selling plans through the online exchanges after sitting out last year, but has been allowed to increase rates 93% on their 2015 level,” it continued.

“Dominant insurers in Connecticut, Georgia, Indiana, Kentucky, Maine, Maryland and Oregon have been allowed to raise premiums by 20% or more, and rate increases from similarly situated carriers in Colorado, Florida and Idaho are brushing up against that threshold,” the report stated.
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American Enterprise Institute resident fellow James Capretta is an Obamacare critic. He says the insurance companies were left with little choice.

“It’s pretty obvious that the participants in this marketplace in 2014 and ’15 and ’16 severely under-priced their products, and so they’ve been trying to catch up. Frankly, 2016 saw fairly large premium increases, but they still haven’t priced their products to the risk profile of the people who are buying them,” Capretta told WND and Radio America.

And what exactly is this risk profile?

“Many of the people who have ended up buying these new products have ended up being fairly high users of service,” he said. “You don’t have enough of the people that are below average costs to balance out the people that are above average costs, so the premiums are going up.”

Americans were not only promised they could keep their plans and their doctors, but President Obama also guaranteed families would see their premiums decrease by an average of $2,500. Capretta said that was nowhere near realistic.


FINISH READING this at: World Net Daily

Tags:
coming 2017 health care hikes, obamacare, obamacare rates, health care rates

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