Team Obama Confirms Big Ocare Hikes, Reduced Choice
If only someone had told us that this would happen due to the way the law was written and implemented. Seriously, this is coming out of the blue
(AP) Premiums will go up sharply next year under President Barack Obama’s health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. That’s sure to stoke another “Obamacare” controversy days before a presidential election.
Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.
Moreover, about 1 in 5 consumers will only have plans from a single insurer to pick from, after major national carriers such as UnitedHealth Group, Humana and Aetna scaled back their roles.
“Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period,” said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation.
Obviously, many Republicans jumped on this news, proclaiming the law a failure, pretty much as they said it would be. Senator Orrin Hatch stated that the law “does little to dispel the notion we are seeing the law implode at the expense of middle-class families.”
And, of course
Democratic candidate Hillary Clinton has proposed an array of fixes, including sweetening the law’s subsidies and allowing more people to qualify for financial assistance.
So, rather than replacing the law with something that works, she’d prefer to double down and throw more money at the problem, proving that Obama was lying about the costs of Ocare.
This will surely mean more calls from Democrats for a “public option”. Health and Human Services Secretary Sylvia Burwell was out on the trail recently, surely having already known the horrendous Ocare numbers, pimping for a “government option.” Everything is going exactly like predicted. Opponents of Ocare said that prices would go way up while killing off insurers, and that Dems would call for even more government control, up to a public option followed by pushing for single payer. And that’s what is happening.
Democrats own this turd of a law. It’s all on them.