Now That the Obama ‘Victory Lap’ is Over: ‘I do think that it’s likely premium rate shocks are coming’

Posted by on Apr 01, 2014 at 8:00 pm

Having concluded a day of gum-flapping over his phony ObamaCare numbers, and subtly warning the press that continued bad news isn’t news at all, we now return to the endless stream of bad news for Americans. The new patsies have been selected:

As the first ObamaCare enrollment period comes to a close, U.S. insurers are already anticipating the need to raise prices for 2015 and fear that it will put them at the center of the political blame game over President Barack Obama’s healthcare law.

The Obama administration declared victory on Tuesday over signing up more than 7 million people for this year, overcoming technology failures that stymied enrollment in the program’s early weeks and Republican efforts to discredit it in the eyes of consumers.

But insurers have already said that the first group of new enrollees under ObamaCare, as the law is widely known, represent a higher rate of older and costlier members than hoped. To keep their health plans from losing money in the coming years, many expect monthly premium rates to rise by double-digit percentages in some parts of the country.

That could set the stage for a public outcry ahead of congressional elections this year, giving ammunition to Republicans and creating new friction with the White House that could endure into the 2016 presidential election.

“I do think that it’s likely premium rate shocks are coming. I think they begin to make themselves at least partially known in 2015 and fully known in 2016,” said Chet Burrell, chief executive officer of CareFirst BlueCross BlueShield. “That will be different in different parts of the country. I don’t think it will be uniformly the same.”

Rate shock for everyone and don’t forget increased deductibles. Ever notice Obama doesn’t mention those while pimping this mess? Not that there ever was a hard sell of any kind, why, people just miraculously flocked to sign up at just the right time. Oh, and you critics who hate people having “affordable” insurance, how can you be so heartless and want to take away something most of them haven’t even paid for?

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One Response to “Now That the Obama ‘Victory Lap’ is Over: ‘I do think that it’s likely premium rate shocks are coming’”

  1. bluemount on 2/02/14 at 8:18 am

    What is destroying the American health system is the politicization of the entire industry; playing politics with Americans health care. Obama doesn’t care about Americans. He just wants what he wants, be damned what Americans feel or want. And Republicans need to speak up for the taxpayers who will carry this burden.