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Obamacare Premiums Skyrocket as Insurers Flee the Program
The darker the red, the more your Obamacare premiums will jump in 2017.
You’ve probably seen the news that Obamacare premiums will be skyrocketing next year. Just as everyone with a basic understanding of economics expected. The benchmark silver plan will jump by 22 percent on average, or about $300 a month. Indiana fares the best with a 3 percent drop, while Arizona’s rates (where I live) will rise a shocking 116 percent.
Worse still, nearly a quarter of insurers are leaving the exchanges; residents of Alaska, Alabama, Oklahoma, South Carolina, and Wyoming will have only one insurer to “choose” from.
But in an effort to spin the dire news, federal officials promise that most consumers will be shielded from the price hikes. That’s because our benevolent masters in DC will provide subsidies weighted to consumers’ income. That’s despite said masters being $20,000,000,000,000 in debt with a major money lender growing more anti-American by the month.
If you want to see the hit your state will take in the upcoming year, Freedom Partners has created an interactive map with all the details. Read it and weep.
Published in Economics, Healthcare
This the most color uncoordinated map I’ve seen since 2000. Never noted how presciently the dear, late Quake was colored.
Why we have spent the last year talking about Donald Trump instead of this abject lesson in the hubris of central planning I will never understand.
Because we talked this ALitHoCP to death when it happened and got bored with it.
And the path to single payer opens.
Designed that way. Public will blame the evil insurance companies, demand “single payer”, which government will be only happy to supply. Nice for under 10 years, BHO thought it might take up to 20.
It should be pointed out that even workplace associated plans are increasing in price with reduced coverage. This map should be significantly more red.
Because Trump wanted everyone talking about him and did everything he could to be the center of attention. He’s damn good at it, and the press was only too happy to play along.
That was my question. The exchanges are the source of health insurance for what percentage of the population?
Obviously, all of you missed President Obama’s press conference in which he stated, “Let me be clear. I never said, ‘If you like your plan, you can keep your plan.’ What I said was, ‘If you like the Klan, then I’m not a fan.'”
I never thought I’d say that I’m glad I’m eligible for VA care.
Jon,
Just curious, has anyone calculated the number of American deaths the ACA’s little misallocation of medical resources has caused. Does anyone have a projection of the number of American deaths 4 or 8 more years of this debacle will cause.
Just curious.
Regards,
Jim
That’s a terrifying prospect.
Good point. All we needed was a Republican president to support Republican legislation in 2017. But we wasted a year taking down the Republican nominee. Pretty stupid.
Jon, I’m sorry that people in your home state will be hardest hit, but the expert in this clip says that Obamacare is working just as it was designed to work. Call it the stupidity of the American voter or whatever but basically, a lot of people are over-reacting.
https://www.youtube.com/watch?v=5n1Ank1hi3c
Yea, we coulda had a Republican president who didn’t understand a word of it and joined the Democrats in bringing us the nirvana of single payer.
Say good bye to your Mental Health programs in Arizona. Lapses in mental illness coverage, along with the dizzying array of State and Federal Regulations have precipitated an exodus of mental health professionals from the state. Reportedly (extreme hearsay), Tuscon has adopted the “Nevada Plan” to release involuntary commitment patients with lapsed coverage: give them a week’s worth of medication and a bus ticket to a neighboring state with more Mental Health funding.
Not really. Our VA here is quite good, there is the whole women veterans’ health initiative, and my current PCP will still see me for cash. Limits places I can live. . . now I just need to take a day off to get all set up.
I wonder how long it will be before we start hearing about people moving for health care? Among the problems with ObamaCare’s “one size fits all” mandates is that it will affect different regions differently based on a variety of demographic factors. It’s possible to imagine oases and deserts or health care resulting.
I thought one of “goals” of Ocare is to get rid of demographic differences? As long as most folks’ medical insurance is tied to their employment, no one is going to move.
Trump has consistently opposed Obamacare and pledged to repeal and replace it. The Rs in Congress will write the legislation to do so. All Trump would need to do is wrap his beautiful fingers around a pen. Too bad he won’t get a chance to do so.
Going out on a limb: we don’t need legislation for a free, open market for medical insurance. It’s my understanding (and no, I don’t have the reference but learned it during a course in physical therapy school) that the federal government has been telling insurance companies what they have to cover in a medical insurance policy for quite sometime. If we just get [federal] government out of it. . .
Rico,
I agree with Gruber that the ACA is working just as it was designed. It obviously was designed to destroy the Health Insurance Industry. Once this goal was accomplished then single payer could be substituted. Make no mistake, as many deaths that the ACA will cause will be dwarfed in comparison to single payer’s capacity to kill.
This reveals the underlying fascism of our bureaucratic state. The Bureaucratic State wants more power and more money for itself. The Bureaucratic State doesn’t care how many people must die to achieve its goals. Gruber & Emanuel make it crystal clear what is intended. They don’t deserve just to be out of power. They deserve a war crimes trial.
Regards,
Jim
…which was the Plan all along.
Except for it’s really multiple payer. Single payer would really be the patient paying. No?
And not just private sector. Every local government – from county commissions to city councils to school boards – are increasing their budgets to accommodate the skyrocketing plans. We get hit from the top and bottom.
I meant single-payer – as in one payer for everybody – the government.
And where does the government get its money?
The Fed makes it.
Oh. Yeah. that’sright. Then why are we paying taxes?
Someone has to pay them.