Health Insurance Premiums Set to Rise Again

Monday, January 7th, 2013 and is filed under News, Obamacare

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We all remember when Obama promised that health insurance premiums would decrease by $2000 a year.  Instead, premiums for employer-provided family coverage rose $3,065 — 24% — from 2008 to 2012.  Now premiums are set to go up again, according to the New York Times:

In California, Aetna is proposing rate increases of as much as 22 percent, Anthem Blue Cross 26 percent and Blue Shield of California 20 percent for some of those policy holders, according to the insurers’ filings with the state for 2013. These rate requests are all the more striking after a 39 percent rise sought by Anthem Blue Cross in 2010 helped give impetus to the law, known as the Affordable Care Act, which was passed the same year and will not be fully in effect until 2014.

In other states, like Florida and Ohio, insurers have been able to raise rates by at least 20 percent for some policy holders. The rate increases can amount to several hundred dollars a month.

The proposed increases compare with about 4 percent for families with employer-based policies.

Obamacare is working according to plan.  Democrats knew that the public could not stomach European-style single-payer.  Therefore, they implemented a law that would ostensibly make private insurance too expensive for anyone to afford, thereby forcing them into government-run healthcare.  It was a good wager.  When family plans cost $30,000 a year by the end of the decade, how many people will remember it was caused by Obamacare?  They will all blame it on the private sector.