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ObamaCare Damage: Health Insurance Premiums to Double?

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If you ask Aetna CEO Mark Bertolini, the answer is yes.  Townhall has more…

Yesterday on CNBC, Aetna CEO Mark Bertolini said that health insurance premiums could as much as double if Obamacare comes into full effect:

To provide all Americans with health insurance, premiums will have to rise to pay for it, Aetna CEO Mark Bertolini told CNBC’s “Closing Bell” on Wednesday.

“If we’re going to insure all Americans, which is a worthy and appropriate cause, then somebody has to pay for it,” Bertolini said of the expected premium increases under Obamacare.

Bertolini said that insurance premiums could double in some places just on the basis of what types of policies people buy today.

Anticipating a criticism, Bertolini said that higher premiums wouldn’t mean higher profit margins for insurance companies. The reason is that it will actually be more expensive to insure people due to some of the Obamacare mandates.

We’ve covered this several times, and we know that premiums have increased dramatically already.  If this comes to pass, it will impact all of us, to some extent or another.

Just remember, if you voted for Obama, you voted for this.  Thanks!

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  • http://capitolcommentary.com Harrison

    Increasing premiums and decreasing coverage.

  • http://alwaysonwatch3.blogspot.com/ Always On Watch

    I know of one small health-insurance company shutting down completely on January 1. The cause? Having to comply with so many regulations stemming from Obamacare.

    This is not fiction! One of my best friends in the world is losing his employer-based health insurance in just a few days! He has been refused coverage by every private company contacted — and that same is true of his wife. So, onto the Medicaid dole they will have to go. They have no other choice.

    The goal of ObamaCare has always been to destroy the private health insurance industry. We are well on our way to socialized medicine or to the single payer system. **sigh**