Do you remember when we were all told over and over again that we would get to keep our policies and keep our doctors? Do you remember when we were told our health insurance rates would go down?
Well, Obamacare has struck again yielding yet another lie. And this one’s a doozy!
The Associated Press reported Monday that premiums are expected to rise in the coming year, and not by a small amount.
“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,” the report says.
The worst case is in Arizona, where rates for one of the lower cost plans are expected to rise by 116 percent.
While rates are increasing, consumer choice is decreasing with 20 percent of consumers having only one insurer from which to choose. This after several national insurance companies either left the market or “scaled back their roles” resulting 28 percent fewer companies available.
With just two weeks until the Election Day, Republicans are chomping at the bit on this issue, some calling it a “death spiral” for Obamacare.
“This shows why the entire program must be repealed and replaced…While (Hillary) Clinton wants to expand the failed program known as Obamacare, Mr. Trump knows the only way to fix our nation’s failing health care system is complete and total reform.” said Jason Miller , spokesman for Donald Trump.
Hillary Clinton has in fact opposed many proposed fixes to the original law.
HHS spokesman Kevin Griffis acknowledged consumer’s concerns, but he also asserted that subsidies will still make the policies affordable to most consumers. But this will not help the estimated five to seven million people not eligible for the taxpayer-financed subsidies.
Obama dismissed the rate hikes and decreasing choices calling them “growing pains.” It will most definitely put a lot of pain on a lot of American citizens, preventing our economy from growing as it should.
The AP says that “Overall, it’s shaping up to be the most difficult sign-up season since HealthCare.gov launched in 2013 and the computer system froze up.”
Republican candidates will likely continue to seize on this as this year’s enrollment period opens up just one week prior to election day.