Prepare For The ObamaCare Sticker Shock
We haven’t discussed the idiocy of ObamaCare lately, legislation which the majority of Americans still despise. But, it’s still out there and ready to cause havoc
(Forbes) A California insurance broker, who sells health plans to individuals and small businesses, told me that she’s prepping her clients for a sticker shock. Her local carriers are hinting to her that premiums may triple this fall, when the plans unveil how they’ll billet the full brunt of Obamacare’s new regulations and mandates.
California is hardly alone. Around the country, insurers are fixing to raise rates by double digits. They’re privately briefing politicians in Washington on what’s in store. Those briefings are leaving a lot of folks up and down Pennsylvania Avenue jumpy.
What’s gives? President Obama, after all, said he’d prevent these sorts of prices. His new health law gave state regulators the power to block premium increases. It even created a federal agency to oversee insurance rates. But these bureaucrats are spectators to the price hikes. They’re mere wallflowers. Even in the bluest of states.
Their silence is the best evidence of who is culpable for the increases. It’s the policymakers. It’s Obamacare. The President is accepting the premium hikes as an allowable consequence of his healthcare policies.
Seriously, who would have thought that a 2,700 page Bill which has create well over 13,000 pages of rules and regulations from the Central Planning Office (remember, it took 18 pages to define “full time” and the IRS released 159 pages to cover the tax rules) would cause costs to skyrocket? And we haven’t even really seen the writings from the States yet. So, what is the Obama admin to do about this?
Well, he can go after the insurance companies, forcing them to eat the costs, which will put the companies out of business. Which seems to be a part of what the legislation attempts to do. He can regulate the costs doctors and hospitals charge, which will reduce service. We’ll see rationing along with medical professionals and health care providers shutting down. Welcome to ObamaCare.