Desperate Times for ObamaCare | FrontPage Magazine
We begin with premiums. As revealed by The Hill, they are about to “skyrocket,” with costs in some parts of the country increasing by as much as 200 percent. Unsurprisingly, this revelation runs completely counter to the Obama administration’s claims, most recently advanced by HHS Secretary Kathleen Sebelius in last week’s testimony before the House Ways and Means Committee. “The increases are far less significant than what they were prior to the Affordable Care Act,” the Secretary said.
Except that they’re not. A report by eHealth explains that premiums in the individual health market have risen 39 percent for individuals, and 56 percent for families, since February 2013. Minus the subsidies, the average cost of an individual plan is now $274, and a family plan is now $663 per month, up from $446 last year. And despite Sebelius’s contention, these figures are higher than those recorded between 2005 and 2013, when individual and family premiums rose at a rate of 37 percent and 31 percent, respectively.
Administration officials counter that subsidies will bring those costs down. That is certainly true, but those so-called reductions aren’t reductions at all. They merely shift the part of a premium’s cost from the individual or family insurance consumers to the taxpayers at large.
No comments:
Post a Comment