In 2014, Obama said he saved us from bankruptcy with ObamaCare.
If you live in Illinois, your Obamacare premiums are going up from 44% to 55% but it’s all good news says the White House. If it’s not immediately obvious why this is good, let us tell you. The answer is that the subsidies increase when the premiums are higher.
It’s not only Illinois of course. These increases will be seen throughout the country.
Tennessee’s insurance commissioner, Julie Mix McPeak, this week announced the approval of premium hikes of 62 percent, 46 percent and 44 percent, respectively, for the three insurers on the state’s marketplace.
The White House put out a scurrilous report that says most people won’t notice the increases. They seem to have forgotten the taxpayers who have to pay for everyone else’s insurance.
They want you to believe everything is just great.
Roughly 15 percent of ObamaCare enrollees do not receive subsidies and will have to bear the full cost of the increases. A rise in subsidies to make up for premium increases also increases government spending.
They also forget about the millions on individual plans in and out of the ObamaCare exchanges who aren’t eligible for subsidies. Then there are the tens of millions who are uninsured because they can’t afford ObamaCare.
People will get worse coverage for a lot more money. Meanwhile Rep. Luis Gutierrez is running around insisting we cover illegal immigrants with ObamaCare.
The Democrats and Barack Obama repeatedly delayed the deadlines so the American people wouldn’t see how bad this thing is and the worst of the bill was saved for the end. Obama tried to delay these increases but insurance companies are losing billions of dollars.
Consumers’ choices are dwindling for next year as UnitedHealth Group, Human and Aetna retreat from a number of markets, citing heavy financial losses. It’s very costly giving away free healthcare.
The answer from the Democrats and Hillary Clinton is more government with the government running everything under Single Payer.
Here are the rates so far: