Bill for Obamacare is just beginning – 1% to 9% premium increases

Bill for Obamacare is just beginning – 1% to 9% premium increases

Mark Landsbaum
Orange County Register
September 8th, 2010

Remember how Obamacare was going to lower everyone’s health insurance costs? Ooops.

“Aetna Inc., some BlueCross BlueShield plans and other smaller carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the law, according to filings with state regulators,” the Wall Street Journal reported.

Emphasis ours: Inurance companies are preparing to raise their premiums for some Americans “as a direct result of the health overhaul,” the Journal reported. The increases will roll out in the coming weeks, which the Journal notes complicates “Democrats’ efforts to trumpet their signature achievement before the midterm elections.”

Considering that the Democrats shoved Obamacare down America’s throat against the will of the majority of people, the added costs should rile up folks even more. Of course, expect plenty of disinformation specialists to suggest the higher rates are the reason you need Obamacare – rather than Obamacare being the cause of the higher rates.

“The rate increases are a dose of troubling news for Democrats just weeks before an election in which they are at risk of losing their majority in the House and possibly the Senate,” reported the Journal.

Given the compliant nature of the mainstream media, Dems probably will persuade more than a few people that insurance companies are evil, jacking up their prices to gouge customers.

In fact, it’s the Democrats’ centerpiece legislation Obamacare that is jacking up these premiums.

“In addition to pledging that the law would restrain increases in Americans’ insurance premiums, Democrats front-loaded the legislation with early provisions they hoped would boost public support. … Weeks before the election, insurance companies began telling state regulators it is those very provisions that are forcing them to increase their rates.”

And this is just the beginning. Do you like your Obamacare coverage yet?