Weird: Obamacare Rates Set To Rise 30% On Average

If memory serves, the entire points of Ocare was to make sure those who didn’t have health insurance could get affordable health insurance (or the government would fine their asses) and “bend the curve down”, right? Remember this?

“We agree on reforms that will finally reduce the costs of health care,” Obama said. “Families will save on their premiums; businesses that will see their costs rise if we do nothing will save money now and in the future. This plan will strengthen Medicare and extend the life of that program. And because it gets rid of the waste and inefficiencies in our health care system, this will be the largest deficit reduction plan in over a decade.

“Now, I just want to repeat this because there’s so much misinformation about the cost issue here. You talk to every health care economist out there and they will tell you that whatever ideas are — whatever ideas exist in terms of bending the cost curve and starting to reduce costs for families, businesses, and government, those elements are in this bill.”

Yeah, uh huh, we told you this would happen

Average Obamacare premiums are set to rise 30 percent, documents show

Premiums for the most popular types of plans sold on the federal health insurance marketplace Healthcare.gov will spike on average by 30 percent next year, according to final rates approved by the Centers for Medicare and Medicaid Services and shown in documents reviewed by The Washington Post.

The price increases — affecting up to 17 million Americans who buy coverage on the federal marketplace — are by far the largest annual premium increases in recent years. The higher premiums, along with the likely expiration of pandemic-era subsidies, mean millions of people will see their health insurance payments double or even triple in 2026.

The premium spikes arrive during a protracted and bitter congressional battle over health insurance costs that prompted a government shutdown since Oct. 1. Democrats have urged an extension of enhanced subsidies for plans sold through the Affordable Care Act to soften the blow of rising insurance costs, while Republicans have said the additional assistance was never meant to be permanent.

Got that? Without those subsidies which hid the price increases the curve is bending way up. Isn’t that the complete opposite of what Obamacare was supposed to do? We were there during the debates, opinions, etc., and all the Democrats and their media mouth pieces said health insurance would bend the curve down

(American Action Forum) In 2009, the year prior to passage of the law, the net cost of health insurance was at a relative low point with a price tag of $138 billion, it has risen to $210 billion in 2015. The annual percent growth in the net cost of health insurance has also dramatically increased since 2009. Percent growth in the years after the individual markets were implemented were 12.4 percent in 2014 and 7.6 percent in 2015. Costs and growth in future years will not buck this trend. Insurance companies in the individual and employer markets are raising premiums substantially to cover costs. The ACA will not be able to live up to the President’s promise.

Those subsidies hid the constant premium increases the past few years, and now they are coming all at once. Let’s also not forget that the deductibles were high from the get go, making a lot of plans worthless because people couldn’t afford to pay the deductibles and out of pocket costs, and have only gotten worse.