September 25, 2012
OOPSY! POST-OBAMACARE HEALTH INSURANCE PREMIUMS RISE DRAMATICALLY: John Merline over at Investor’s Business Daily reports that the new Kaiser Family Foundation employee benefits survey reveals that employer-based health insurance premiums have risen a whopping 9.5% in 2011 and another 4.5% so far in 2012, due in large part to the insurance “reforms” of Obamacare such as mandatory coverage of kids to age 26, mandatory loss ratios of 85%+, mandatory free preventive care, etc. So much for President Obama’s pledge to cut health insurance premiums by $2,500 in his first term.
Even worse news? Premium increases will skyrocket in 2014, when the (most expensive) remainder of Obamacare health insurance “reforms” kick in, including the mandate to buy health insurance, elimination of annual and lifetime coverage caps, mandatory community rating bands and prohibition of the use of pre-existing conditions for underwriting.