Remember when Obama said all our insurance rates would “come down $10,000”? Ah, good times. Now a new report finds that after the latest two years of heavy rate increases, Obamacare premiums are going to go up another 20 percent next year.
Looks like the average raise in premiums will be 18.6 percent next year. That is one top of the hundreds if not thousands more we are already paying. But it is worse in some places. Tennessee, for instance, is going to be hit with a massive 37 percent increase!!
The top ObamaCare exchange insurers in six states where 2016 rate requests have already been filed are seeking to raise rates an average 18.6% next year.
Early reports range from an alarming 36% hike sought by the dominant insurer in Tennessee, to a hefty 23% average increase requested by Oregon insurers, to a moderate 7.7% average rise proposed in Connecticut.
The very limited data and the possibility that these initial requested rates might change, as they did in a significant way last year, make it hard to draw firm conclusions. But so far it appears that the Congressional Budget Office was on target in projecting a significantly bigger overall increase than in 2015.
The CBO has said it expects ObamaCare exchange premiums to rise an average of 8.5% per year over the next three years. That’s partly due to the scheduled phasing-out of temporary government programs to protect insurer bottom lines from high-cost enrollees.
Now remember, the liar in chief said that Obamacare would “reduce the costs of healthcare.” And he lied.
This is all thanks to the same liar in chief who said we could keep our doctors if we liked them…