ObamaCare Implosion: Deductibles Rising Faster Than Premiums & Wages – Majority of Co-Ops Fail

ObamaCare Deductibles(Kaiser) Since 2010 Deductibles for All Workers Have Risen Almost 3X
as Fast as Premiums and About 7X as Fast as Wages & Inflation

Since 2010 both the share of workers deductibles and the size of those deductibles have increased sharply. These two trends result in a 67% increase in deductibles since 2010 much faster than the rise in single premiums (24%) and about seven times the rise in workers wages (10%) and general inflation (9%)

“With deductibles rising so much faster than premiums and wages, its no surprise that consumers have not felt the slowdown in health spending,” Kaiser Family Foundation President/CEO Drew Altman said.

In related ObamaCare news, The Wall Street Journal reported Monday, that a majority of ObamaCare insurance co-ops (12 of 23) have now failed and their $1.24 Billion of taxpayer loans have all but vaporized. As more fail, nearly a million Americans may lose insurance coverage as the contagion from their failures spreads.

More here from Washington Free Beacon

Little Sisters of the Poor Receive Temporary Relief From ObamaCare HHS Mandate

Obama Catholic Church(LifeNews) In a victory for the the Pro-Life fight against the HHS mandate the U.S. 10th Circuit Ct of Appeals issued an Order today temporarily safeguarding the “Little Sisters of the Poor” and other ministries from violating their faith until the U.S. Supreme Court hears their case.

Without relief from the federal appellate court, the ‘Little Sisters” were facing millions of dollars in fines from the IRS.

More here from The Becket Fund

Covered California 2016 Rate Hike 4% If You’re Lucky, Some Will Realize a 30% Increase

Covered California...Covered California Still Having Computer Issues
Says Mrs. Mochulsky and EscapadeMusic@Twitter

(IBD) ObamaCare/Covered California trumpeted the news on Monday that premiums are set to rise 4% in 2016 slightly less than last years 4.2% increase.

While avoiding the double-digit premium hikes that have been proposed in many other states, many consumers may not be so celebratory when they find out what is happening to their deductibles which are already sky high.

Particularly hardest hit are people seeking the lowest cost ‘bronze-level’ coverage. In 2016 these plans will carry a deductible of $6,000 (an increase of $1,000 from 2015) and a separate drug deductible of $500 — After the deductible is met bronze coverage will cap R/X costs at $500 mo the combined $6,500 deductible will then be 30% higher than in 2015

Covered California Executive Director Peter Lee said in a conference call that in 2016 a visit with a Specialist (with a $90 co-pay) will be allowed as part of three partly covered physician visits, left unsaid is that low income individuals facing a $6,500 deductible could easily be swamped with debt after getting limited benefits before the deductible is met. — This is perhaps ObamaCare/Covered California Achilles’ heel given that enrollment has badly lagged expectations.

Related: Covered California Rates Jump 7% in Northern California

John ‘Spanky’ Roberts Gift to Libs by George Bush, Do You Want Another Bush in The White House?

John Spanky RobertsChief Justice John ‘Spanky’ Roberts a Gift to Liberals
Who Keeps on Giving –Image: PolitiCat


“Stupidity of the American Voter” Jonathan Gruber, More Involved With Dems & White House Than First Reported

Jonathan Gruber(Forbes) Contrary to Denials by Obama Administration,
20,000 Pgs of Emails Show that
ACA Architect Jonathan Gruber
was Integral to ObamaCare

More here from The Wall Street Journal

Covered California Premiums Rise to Historic Levels

Covered California...Almost Everyone on Yelp Has Given ‘Covered California’ Lowest Rating
Image: Barney Franken

(CHCF) The average monthly health insurance premium in California was $1467 for a family and $560 for single coverage–these figure include the employer contribution.

Covered California premiums which include employer contributions were 11% higher than the national average and 5% higher for a family –historically California Health Ins premiums have been lower than the national average.

Flashback: Remember when Obama Claimed that Health Insurance Premiums for a Family Would be $2,500 Lower by the End of his First Term — How’s that Govt mandated health care working out for you?

Related: Red Ink Could Kill Covered California –OC Register

One-Third Drop Covered California –Newsmax

Covered California is in Trouble with Massive Deficit & Low Enrollment

Thanks to ObamaCare That Raise You Want, You May Not Want

Covered California(The Blaze) Thanks to ObamaCare That Pay Raise You Want May Have
Negative Consequences to Some Taxpayers –Image:
Soquel by the Creek

Related: Half of ObamaCare Subsidy Recipients Will Owe IRS Money

Americans that Got Subsidies for Health Ins Now Owe the IRS Money

Happy 5th Birthday ObamaCare: More Than Half of Americans Don’t Like You

Real Clear Politics ObamaCareAccording to the Latest Real Clear Politics Average of Obama’s Signature Legislative Achievement 52.5% Americans Oppose ObamaCare

(The Daily Signal) Unfortunately for IHOP Franchiser Scott Womack who owned 12 restaurants in Ohio and Indiana with plans to expand his franchise to add 14 new locations in Ohio before ObamaCare was signed into law. Womack estimated that the Affordable Unaffordable Care Act would cost him $7,000 per full-time employee to provide health care coverage leaving him with few options:

Cut costs, eliminate staff, reduce hours or convert workers to part-time status.

Facing the prospect of ObamaCare’s  employer mandate taking effect on 01 January, 2015 Womack was forced to sell his IHOP franchise.

What are other Americans saying about ObamaCare:

  • Kristina Ribali@Twitter: “5 years after ObamaCare and my deductible went from $1,200 a year to $6,000 a year per person. Family from $6,000 to $12,000”
  • Gavin Preston, MD @Twitter: “All of my Doctor friends, except for one, have told me if they had to accept ‘Covered California’ (The ACA exchange) payments, out of business.”
  • Covered California@Facebook:  Elena Furlan Ross writes: “Covered California is a SCAM!! I paid $416 monthly premium, I went to the doctor, paid my copay and the doctor sent me a bill for $1225 because COVERED CALIFORNIA denied the claim! Do not buy Covered California, Do not waste your money, you will receive no health coverage.”
  • Nabeel Amin@Twitter: “Left with no coverage in an urgent situation courtesy @CoveredCA and @BlueShieldCA with no recourse or responsibility.”
  • Nabeel Amin@Twitter: “…@CoveredCA 5 hours of non-stop calls and all they can say is we don’t know why your account was terminated.”

Related: Ask Emily: ObamaCare Adds More Pain to Taxes –OC Register

Covered California Sends 120K Corrected Tax Forms Thousands Still Wait

Insurance Choices Dwindle in Rural California as Blue Shield Pulls Back

CBO: ObamaCare Will Result in 10 Million Losing Employer Based Health Ins Plans

CBO Warning....

(IBD) Congressional Budge Office (CBO) says in a new report ObamaCare will  cause 10 Million to lose their employer based health plans within the next 6 yrs–the latest findings also thoroughly debunks the myth that ObamaCare proponents made when trying to sell the law–about how those with employer based coverage, have nothing to worry about.

CBO IBDObamaCare Architect ‘Stupid Americans’ Jonathan Gruber  for example claimed that the ACA was specifically designed “to leave those who are happy with their employer sponsored insurance alone.”

Likewise, the Obama Administration insisted that “respected independent analysts have concluded that the number of Americans who get their health insurance at work will not change in any significant way.”

Of course, who can forget Obama’s ‘Big Whopper’ that he repeated over-and-over that Americans who liked their health insurance plans (like their doctors) can keep them.

CBO: Social Security Disability Insurance to Go Bust by FY 2017 & Senior Benefits by 2032

Elizabeth WarrenLoony Liberal Lefty Sen. Elizabeth Warren (D-MA) Tweets Social Security Outlook is a Made-Up Crisis of the GOP

(CBO) “In calendar year 2010, for the first time since the enactment of the Social Security Amendments of 1983 annual outlays for the program exceeded annual tax revenues…CBO projects under current law the DI (Disability Insurance) trust fund will be exhausted in fiscal year 2017 and the OASI (Old Age and Survivors Insurance) will be exhausted in 2032.”

Taxpayers can also thank ObamaCare for liberating Americans out of the historic 40 hour work week which only exacerbates the problem–fewer hours working results in even less tax revenues in federal coffers, accelerating the crisis of funding pension obligations that Democrat Progressive/Socialists like Warren doesn’t believe exists.

Related: The ACA & the Economics of Part-Time Work –Mercatus Center