Remember when ObamaCare was going to reduce premiums for you and your family by $2,500 a year? HAHAHAHAHAHAHAHA. Let’s all laugh until we cry:
Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. “These rates are way below the worst-case gloom-and-doom scenarios we have heard,” boasted Peter Lee, executive director of the California exchange.
But the data that Lee released tells a different story: Obamacare, in fact, will increase individual-market premiums in California by as much as 146 percent.
Those increases will fall primarily on the young and the self-insured. So they’ve got that going for them. Which is nice.