NY Times Shocked Obamacare Costs Rise Even More

Man, if only people had warned that Obamacare was going to skyrocket healthcare, deductible, and premium costs back before the Democrats shadily passed this “big f’ing deal”

Obamacare Dealt Yet Another Blow as Premiums Rise Again

Millions of Americans who depend on Obamacare for their health insurance face another double-digit price increase next year, adding to the financial toll that has already driven millions of others to drop coverage since last year.

The price increases largely reflect higher medical costs across the country. But they also are a signal of the latest blow to Obamacare under the Trump administration, which has overseen the expiration of tax credits that helped Americans pay for coverage and has erected new barriers to enrollment in an effort to root out what it describes as widespread fraud.

The average price of health insurance in the Obamacare marketplaces will rise by 13 percent next year, according to an analysis on Friday by KFF, the health research group.

The Trump administration on Friday published new prices for 2027 in 30 states with markets managed by the federal government. Using that data and state figures, KFF calculated the increase nationwide.

I’m old enough to remember when Obama said “In an Obama administration, we’ll lower premiums by up to $2,500 for a typical family per year.” And then Dems passed it, but, set it up for implementation after the 2012 election to avoid exposing the true costs to voter.

Obama added in 2010, “as a consequence of us getting 30 million additional people health care, at the margins, that’s going to increase our costs, we knew that. We didn’t think that we were going to cover 30 million people for free, but that the long-term trend in terms of how much the average family is going to be paying for health insurance is going to be improved as a consequence of health care.”

And, yet, without massive subsidies we see the true costs of Ocare.

Across the private and public health sectors, the increases have been driven by rising hospital prices, high payments under a consumer protection law that changed how some doctors are compensated, and the growing use of artificial intelligence in doctors’ offices, according to benefits consultants and industry analysts. Several large employers also pointed to a rising bill for expensive specialty prescriptions, like cancer drugs and GLP-1 medicines.

While I’m sure they play some part, involving the government heavily in paying for healthcare will always mean the costs skyrocket. Just like ACA opponents stated.