The Democrats have really screwed over the American
people. A major health insurance company
predicts that current policyholders are about to get bent over. And nobody really knows what else is going to
happen. We are subject to the whims of
an HHS bureaucrat. The Progressives made
damn sure of that. Bloomberg News reported
the following:
Health insurance
premiums may as much as double for some small businesses and individual buyers
in the U.S. when the Affordable Care Act’s major provisions start in 2014, Aetna Inc. (AET)’s
chief executive officer said. While subsidies in the law will shield some people, other consumers who make too much for assistance are in for “premium rate shock,” Mark Bertolini, who runs the third-biggest U.S. health-insurance company, told analysts yesterday at a conference in New York. The prospect has spurred discussion of having Congress delay or phase in parts of the law, he said.
“We’ve shared it all
with the people in Washington
and I think it’s a big concern,” the CEO said. “We’re going to see some markets
go up as much as as 100 percent.”
Bertolini’s prediction
is at odds with Congressional
Budget Office estimates that the law will have little effect on small and
large-employer plans and the Obama administration’s projections that
middle-class families will actually save money. The 2010 law is expected to
extend health care to about 30 million people who otherwise couldn’t get
insurance, paid for by new taxes and fees on companies and wealthier
individuals.
Those taxes will make coverage more expensive
for insurers, as will other provisions such as a ban on discriminating against
people with pre-existing medical conditions, Bertolini said. Premiums are
likely to increase 25 percent to 50 percent on average in the small-group and
individual markets, he said, citing projections by his Hartford,
Connecticut-based company.
If you thought health care was expensive now,
just wait until Obamacare is fully implemented. It could mean your life.
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