The broken promises of Obamacare continue apace

finger pointing“I will sign a universal health care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family’s premium by up to $2,500 a year.” [“A politics of Conscience”, June 23, 2007]

Colorado health insurance premiums will see price increase next year.

Colorado insurance premiums may rise by 3.4 percent, with an average insurance premium of $411 a month, according to PricewaterhouseCoopers LLP’s preliminary analysis of individual market rate filings. The analysis is a look at premium exchanges nearly one year after open enrollment under the Affordable Care Act became effective in Oct. 2013.

PwC’s Health Research Institute looked at insurance premiums for 27 states and the District of Columbia, and found nationally on average the rate increased 7.5 percent, with an average premium of $384. “Year two of the exchanges is expected to see an upswing in participation from several major commercial insurers,” PwC said in the report.

Colorado has 12 major insurers, and will add two plan bids in 2015, PwC said.
However ranges for premium hikes vary widely in the state, anywhere from dropping 22 percent, to increasing by up to 35 percent.

Nothing Obama and the Democrats promised was true. Almost all of what the critics of Obamacare warned has happened, and a lot that nobody predicted. The very idea that a government program could manage something as complex as insurance markets in the United States was always going to be a disaster.  Complete and total repeal of this monstrous law is needed if we are to have any hope of saving the American health care system from destruction.

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