Obamacare

Health insurance rates to double as Obamacare fully kicks in

Tuesday, March 26, 2013 by: J. D. Heyes
Tags: health insurance, Obamacare, double

eTrust Pro Certified

Most Viewed Articles
Popular on Facebook
BACK INTO THE CLOSET: Why U.S. reporters are not allowed to write about rainbow events in nations where being gay is still condemned
Depopulation test run? 75% of children who received vaccines in Mexican town now dead or hospitalized
A family destroyed: Six-month-old dies after clinic injects baby with 13 vaccines at once without mother's informed consent
Biologist explains how marijuana causes tumor cells to commit suicide
Companies begin planting microchips under employees' skin
BAM! Chipotle goes 100% non-GMO; flatly rejecting the biotech industry and its toxic food ingredients
ECONOMIC SLAVERY FOR ALL: While we were distracted with the Confederate flag flap, Congress quietly forfeited our entire economic future via fast-track trade authority
INVESTIGATION: Three days before Dr. Bradstreet was found dead in a river, U.S. govt. agents raided his research facility to seize a breakthrough cancer treatment called GcMAF
NJ cops bust teenagers shoveling snow without a permit
Chemotherapy kills cancer patients faster than no treatment at all
McDonald's in global profit free fall as people everywhere increasingly reject chemically-altered toxic fast food
March Against Monsanto explodes globally... World citizens stage massive protests across 38 countries, 428 cities... mainstream media pretends it never happened
Italian court rules mercury and aluminum in vaccines cause autism: US media continues total blackout of medical truth
The 21 curious questions we're never allowed to ask about vaccines
SCOTUS same-sex marriage decision may have just legalized the concealed carry of loaded firearms across all 50 states, nullifying gun laws everywhere
Orthorexia Nervosa - New mental disorder aimed at people who insist on eating a clean diet
Vicious attack on Dr. Oz actually waged by biotech mafia; plot to destroy Oz launched after episode on glyphosate toxicity went viral
Nearly every mass shooting in the last 20 years shares one surprising thing? and it's not guns
Delicious
(NaturalNews) Writing on the blog of the Department of Health and Human Services on the third anniversary of the passage of the Affordable Care Act, more popularly known as Obamacare, HHS Secretary Kathleen Sebelius had this to say about the impact of the law on insurance rates:

As a former state insurance commissioner, I know that for too long, too many hard-working Americans paid the price for policies that handed free rein to health insurance companies. For more than a decade before the Affordable Care Act, premiums rose rapidly, straining the budgets of American families and businesses. And insurers often raised premiums without any explanation. ... The Affordable Care Act is working to bring affordability and fairness to the marketplace by barring insurers from dropping your coverage when you get sick or placing a lifetime dollar limit on coverage.

Sebelius goes on to imply that provisions within the law (requiring more "transparency" from insurance companies, for instance) will eventually help lower rates (though she never says so directly). In other words, she's dodging the issue of rising premiums, and with good reason: Premiums under Obamacare are likely to double for most Americans, according to health insurers who are being forced to comply with Obamacare's stringent coverage requirements.

Wait - weren't premiums supposed to go down?

"Health insurers are privately warning brokers that premiums for many individuals and small businesses could increase sharply next year because of the health-care overhaul law, with the nation's biggest firm projecting that rates could more than double for some consumers buying their own plans," The Wall Street Journal reported March 22.

Insurers made those projections in sessions with agents and brokers; they provide some of the most damning evidence so far of just how much Obamacare will force companies to raise rates when major provisions of the law kick in next year - just as scores of industry experts and economists warned would happen.

Such predictions don't jibe with the rosy - and misleading - rhetoric from Sebelius and her boss, President Obama, the latter of whom said in 2010:

"You'll be able to buy in, or a small business will be able to buy into (government insurance pools). And that will lower rates, it's estimated, by up to 14 to 20 percent over what you're currently getting. That's money out of pocket. ... Your employer, it's estimated, would see premiums fall by as much as 3,000 percent, which means they could give you a raise."

Both the president and his team don't understand free-market economics, or they do and they have been intentionally misleading. Either way, the figures the insurance companies are projecting are the polar opposite of what Americans were promised by Obamacare advocates regarding the future cost of policies (and really, prices for such services have never really gone down).

"There's no question premiums are still going to keep going up," Larry Levitt of the Kaiser Family Foundation, a research clearinghouse on the health care system, told CBS News shortly before Obamacare became law. "There are pieces of reform that will hopefully keep them from going up as fast. But it would be miraculous if premiums actually went down relative to where they are today."

Yet another Obamacare lie

The one ace in the hold the government retains; however, is regulatory power over the insurance companies in terms of price increases. Under Obamacare, insurers have to request rate hikes and they must be approved by government bureaucrats, the vast majority of whom have a) never run a business; b) never had to meet a payroll; and c) have never had to cover employees' health insurance and other benefits.

So in this sense, the government very well could keep rates artificially lower than they normally would be, but while requiring insurers to cover more people for less, they won't be in business long.

And that could well be the administration's goal.

"Carriers will be filing proposed price increases with regulators over the next few months," WSJ
reported. Time will tell how that goes, but the word is out: What Americans were told about lower premiums under Obamacare, like most of what they were told about the law, was a lie.

Sources:

http://online.wsj.com

http://www.healthcare.gov

http://www.cbsnews.com/2100-250_162-6306991.html

Explore more on Health insurance by searching on GoodGopher.com, the search engine for truth seekers.
Join over four million monthly readers. Your privacy is protected. Unsubscribe at any time.
comments powered by Disqus
Take Action: Support NaturalNews.com by linking back to this article from your website

Permalink to this article:

Embed article link: (copy HTML code below):

Reprinting this article:
Non-commercial use OK, cite NaturalNews.com with clickable link.

Follow Natural News on Facebook, Twitter, Google Plus, and Pinterest

Colloidal Silver

Advertise with NaturalNews...

Support NaturalNews Sponsors:

Advertise with NaturalNews...

GET SHOW DETAILS
+ a FREE GIFT

Sign up for the FREE Natural News Email Newsletter

Receive breaking news on GMOs, vaccines, fluoride, radiation protection, natural cures, food safety alerts and interviews with the world's top experts on natural health and more.

Join over 7 million monthly readers of NaturalNews.com, the internet's No. 1 natural health news site. (Source: Alexa.com)

Your email address *

Please enter the code you see above*

No Thanks

Already have it and love it!

Natural News supports and helps fund these organizations:

* Required. Once you click submit, we will send you an email asking you to confirm your free registration. Your privacy is assured and your information is kept confidential. You may unsubscribe at anytime.