Earlier this month Kaiser Health News reports that Covered California exchange projects that ObamaCare premiums may rise on average 8% next year — the projected rate increase in California included in the exchange’s annual proposed budget — which are evidently on the rise in order to pay bureaucrats inflated salaries and huge bonuses.
Flashback: Remember Obama’s Grandiose Promises Made how Govt Managed Healthcare was Going to Lower Premiums and be the Greatest Thing since Sliced Bread
(IBD) Welcome To Wendy’s… Self-Serving Kiosks Will be Added at 6000+ Locations This Year Joining a Growing Trend of Companies Across the Country
Flashback: On the 28 October, 2014 I wrote here that Lowe’s/Orchard Supply in San Jose added ‘Robotic Shopping Assistants’ for ones convenience, just as one will now commonly find self-service kiosks at airports, the U.S. Postal Service and Hertz locations, just to name a few throughout the country and no one gives them a second thought.
As they do, young healthy people will be forced out of the ObamaCare exchanges and the only people that will be able to afford ObamaCare will be high risk patients who qualify for federal subsidies (government handouts) and without enough young healthy people in the exchanges to pay for the less healthy and sick ones, taxpayers will be stuck with more-and-more of the costs over time – a situation that is unsustainable in the long run.
Insurance companies are complaining they cannot generate profits while treating patients–businesses often change what markets will bear and because health care is related to survival, people will pay premium costs. However without meaningful competition, regulation and government collusion, prices naturally rise to a premium cost that prices out those at the bottom and may bankrupt the middle.
Compelling the middle-class to make installments in their pending bankruptcies — Many Americans have realized there is nothing “Affordable” about the Democrat passage of the so called ‘Affordable Care Act’ – On the 10 November, I wrote here that ObamaCare deductibles were rising faster faster than premiums or wages and that a majority of the co-ops were failing and at significant cost to the taxpayers.
Hopefully the rallying call this year during the presidential race will be to repeal and replace this monstrosity called ObamaCare with health insurance which Americans can purchase across state lines (as they do life and car insurance today) which will drive competition, lowering insurance premiums and the sky-high deductibles which have resulted when government meddles in the marketplace.
In 2013 the CBO Projected that Without ObamaCare 186 Million People Would Have Private Health Insurance by 2016–160 Million Employer Based Plans and 26 Million Individual Purchased Plans
(Weekly Standard) Three years ago on the eve of ObamaCare’s implementation the Congressional Budget Office (CBO) projected that President Obama’s so called legacy achievement would result in an average of 201 million people having private health insurance in any given month in 2016
Now that 2016 is here the CBO says that just 177 million people on average will have health insurance in any given month of this year–a shortfall of 24 million people.
Based on the CBO’s own numbers it appears that ObamaCare has actually ‘reduced’ the number of people with private health insurance. The CBO now says that with ObamaCare 177 million people will be covered by private health insurance in 2016–155 million on employer based plans, 12 million purchased through the ObamaCare exchanges and 9 million on other individually purchased plans (plus a rounding error of 1 million)
In other words it would appear that a net 9 million people have lost their private health plans thanks to ObamaCare, with a net 5 million having lost employer-based plans and a net 4 million people having lost individually purchased plans.