Healthcare

Obamacare premiums/subsidies⬆️⬆️⬆️

Premiums for health plans sold through the federal insurance exchange may rise substantially next year, according to an early analysis by the Kaiser Family Foundation released on June 15. The analysis shows that proposed rates for benchmark silver plans are likely to increase by an average of 10 percent across 14 major metropolitan areas, based on insurers’ initial filings in 13 states and the District of Columbia. Source: Washington Post

Not good news, but it gets worse for taxpayers. As premiums rise, so does the federal premium subsidy which is based on the lowest cost silver plan on the Obamacare exchange. In other words, Obamacare is another open ended federal commitment over which there can be only minimal cost control. 

Advertisements

1 reply »

  1. The premium subsidy needs to go away, Then the price for health insurance would be paid for by the user. With tax deductions for the premiums paid. Then a person could decide if they wanted to buy insurance or have a health savings account to cover most cost and a cheap catastrophic policy to cover if the SHTF. Low income people could still be covered by Medicaid and other state programs. Unless taxes are doubled there is no way we can pay for this in ten years and no one wants that. I hope.

    Like

What's your opinion on this post? Readers would like your point of view.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s