Team Obama: Hey, All Those Ocare Premium Increases Are A Good Thing!
William Teach
27 Aug, 2016 by William Teach
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While virtually everyone else is saying that the planned Obamacare premium hikes are a bad thing, Team Obama is spinning furiously
(IBD) This week Illinois’ insurance regulator said ObamaCare premiums in the state will jump as high as 55%. The Obama administration’s response to this and other news of massive rate hikes: Don’t worry. Be happy.
Anyone shopping for ObamaCare coverage in Illinois this fall is in for a big shock. The average increase for cheap Bronze plans is likely 44%. It’s 45% for the lowest-cost Silver plan, and 55% for the cheapest Gold plan.
These are the kinds of rate hikes individuals buying insurance will see across the country, as insurers who’ve suffered massive losses are getting huge double-digit premium increases approved by state regulators.
Fewer choices and higher costs are not what President Obama promised when he signed ObamaCare into law.
http://rightwingnews.com/obamacare/team-obama-hey-ocare-premium-increases-good-thing/