And also remember, that ONLY Democrats voted for this “take healthcare away” bill because this AIN’T affordable. Unexpectedly! (reformatted, emphasis mine):
Surprise! Health Insurance Costs To Spike 60 Percent, Thanks To Obamacare
A new Congressional Budget Office (CBO) report estimates that private health insurance premiums will continue to balloon over the next decade thanks in large part to Obamacare. The report states that, over the next 10 years, private health insurance premiums will increase by about 5 percent annually — a rate that outpaces the gross domestic product by 2 percentage points.
By 2025, employment-based coverage (health-care insurance an employer offers) will cost 60 percent more than it does today. For a family, that increase costs to an average of $24,500 per year. For those with an individual plan, health-care costs will increase to cost an average $10,000 per year. What’s driving these price increases? Obamacare.
Remember, half the population of the US makes under $31,000 year. $24K would be 77% of their entire year’s wages. That basically sends this message from the Democrats to Americans: Families, drop dead!
Update: Oh yeah – this news: “…another one bits the dust”?
Unaffordable to patients, unaffordable to healthcare insurers. And the Left hated it when we on the Right kept harping that Obama had never even run a lemonade stand:
Thanks, Obama: North Carolina’s Largest Health Insurance Provider Could Leave ACA Market
…Blue Cross and Blue Shield is the only insurer who sells ACA plans in all 100 counties (via The News and Observer):
Blue Cross and Blue Shield, the state’s largest health insurer, expects to report its second consecutive financial loss in the coming weeks, as the company contends with continuing cost overruns under the Affordable Care Act, CEO Brad Wilson said Wednesday.
Wilson warned that Blue Cross cannot continue sustaining financial losses indefinitely in North Carolina and may have to decide later this year whether to get out of the ACA market in 2017. Blue Cross raised rates by an average 32.5 percent this year in the state, but Wilson said that wasn’t enough to stem losses.
…“We can’t offer something for sale in this marketplace that we know every time it’s purchased we’re losing money,” Wilson said.
[…]
Wilson said the size of the rate increase approved this fall by the N.C. Department of Insurance for next year would likely determine Blue Cross’s ACA strategy. He said the company will have to assess whether the rate increase the agency approves “makes sense” for the company.
The expenditures Wilson’s company undertook were astronomical, with him saying, “In year one [2014], five percent of our ACA customers consumed $830 million in health care costs. That’s how much money went out of our door to pay for the heath care for the sickest five percent of the ACA population that we had; we collected $75 million in premiums–between what they could contribute and the government subsidy. Any way you cut it that’s an unsustainable business model.”
Folks, it’s not working. And premiums are going to spike again right around the time we all head to the polls in November.
(H/T: Hot Air)
But that’s OK in their eyes – what’s a few cracked eggs when you’re making an omelette? ONWARD Comrades!