Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administrationâ€™s health care law was to stem the rapid rise in insurance costs for consumers.
Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.
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 insurersâ€™ 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....
Ah, of course that is why most countries have taken the private companies out of the equation completely. Obamacare like Romneycare, has tried to factor them in. It was pointed out on several occasions about Give healthcare a chance to evolve. More and more companies were going to stop supplying healthcare, even before Obamacare because of the greedy public sector.
It was part of the ORIGINAL bill, which no one had time to read. Fault lies with the dems and the president as no republican voted for it (though they tried to amend it). You start requiring insurance companies to pay for things that were not previously covered, unlike the government they can't print their own money, they need to get the funds from the people they insure. Rationing is next.
Those you disagreed with told you repeatedly that one of the means to finance Obamacare was the government cutting of Medicare, whioh results in cost increases to medicine, hospitals, etc. It ain't magic. It's math.