Thanks ObamaCare, NJ Health Insurance Premiums Rising Faster Than Ever

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health care money

 

Nineteen times Dear Leader promised he’d reduce our health insurance premiums by $2,500 per year.

Repeat after me: Barack Obama is a lying sack of shit.

Since ObamaCare kicked in, health insurance premiums in New Jersey have risen faster than ever.

Since the passage of the Affordable Care Act in 2010, the cost of premiums in New Jersey each year have risen faster than the national average, according to a study released today by a nonprofit, nonpartisan think tank.

Premiums for New Jersey employer-sponsored health coverage climbed an average of 4.4 percent a year from 2003 through 2010 to $5,153 per single person, according to the study by the Commonwealth Fund. But from 2010 to 2013, the average premium rose 6.4 percent a year, to $6,200.

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The spike was even greater for family policies. Pre-ObamaCare, premiums rose by 4.7 percent a year, but escalated to a 7.4 percent average jump annually from 2010 to 2013. The total cost of a family policy in New Jersey was $17,396 in 2013.

New Jersey is among 10 states where premiums climbed 6 percent or more each year from 2010 to 2013. Similarly high increases were felt in Alaska, Colorado, Indiana, Maryland, New Hampshire, Ohio, South Dakota, West Virginia, and Wyoming, according to the report.

I’m thinking that 7.4 percent number is a little low. My day job’s small group plan’s premiums rose an average of 18 percent a year over the same time period. And that’s for crappier coverage with higher deductibles and whopping out-of-pocket / coinsurance costs. Pre-ObamaCare we had an awesome Aetna plan which really was “affordable.” Post-ObamaCare our prescription drug copays have trebled, the family max out-of-pocket quadrupled, and the number of doctors in our network went way down. For this we pay premiums that are almost double what they were 6 years ago.

The only person who ever told the truth about ObamaCare was Jonathan Gruber.

Oh, but the Obamabots will call him (and me) a liar, and claim ObamaCare is “working.” 9 million more people are insured! OK, then riddle me this, Batman. The US population is about 320 million. So to allegedly help 2.8% of the people, Obama screwed over the other 97.2%.

Yeah, that’s some mighty fine government work alright. No wonder he’s the Best President Evuh.

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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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Maybe They Should Have Read it: ObamaCare Causes Massive Increase in Health Insurance Premiums

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We’ve covered it before, and it’s still happening.  Health insurance premiums have taken off with the impending implementation of ObamaCare, and don’t appear to be slowing anytime soon.  We covered the beginning of this just recently.

ObamaCare Damage: Health Insurance Premiums Rise Under Obama

Elections Have Consequences: “Startling Rate Increases” Due to ObamaCare

However, our friend Wyblog has the latest.  

Obamacare: You get less than half the value at more than twice the price!

I think Democrats call that “fairness”.

Meanwhile in California, rates are going up twenty percent next year.

Blue Shield of California is calling for a 20% rate hike on some individual policyholders. The company expects higher costs from an influx of new customers under the federal healthcare law in 2014.

Remember when Obama said we’d save $2,500 per year on our health insurance?

Me neither.

Then there’s all the crippling taxes buried in Obamacare’s fine print. They had to pass the bill to find out what’s in it dontcha know. And when they found out, they weren’t happy.

Sixteen Democratic senators who voted for the Affordable Care Act are asking that one of its fundraising mechanisms, a 2.3 percent tax on medical devices scheduled to take effect January 1, be delayed. Echoing arguments made by Republicans against Obamacare, the Democratic senators say the levy will cost jobs — in a statement Monday, Sen. Al Franken called it a “job-killing tax” — and also impair American competitiveness in the medical device field.

Wait, raising taxes kills jobs? Why wasn’t I informed!

You mean, when the President promised that premiums would go down, they went up?  You mean, it was “unexpected?”  You mean, that it  really is Cloward-Piven for private insurance?  You mean, increasing the cost of doing business kills jobs?  If only some Conservative Bloggers could have pointed that out!

Oh wait!

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