Tuesday, June 4, 2013
Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%
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.
One of the most serious flaws with Obamacare is that its blizzard of regulations and mandates drives up the cost of insurance for people who buy it on their own.
Obama attacked insurers in 2010 for much smaller increases
That Obamacare more than doubles insurance premiums for many Californians is especially ironic, given the political posturing of the President and his administration in 2010. In February of that year, Anthem Blue Cross announced that some groups (but not the majority) would face premium increases of as much as 39 percent. The White House and its allies in the blogosphere, cynically, claimed that these increases were due to greedy profiteering by the insurers, instead of changes in the underlying costs of the insured population.
“These extraordinary increases are up to 15 times faster than inflation and threaten to make health care unaffordable for hundreds of thousands of Californians, many of whom are already struggling to make ends meet in a difficult economy,” said Health and Human Services Secretary Kathleen Sebelius. “[Anthem’s] strong financial position makes these rate increases even more difficult to understand.” The then-Democratic Congress called hearings. Even California Insurance Commissioner Steve Poizner, a Republican running for governor, decided to launch an investigation.
Weather Report...
This had most of the province of B.C. laughing for 2 days 
and a very embarrassed female news anchor who will,
in the future, likely think before she speaks. What happens
when you predict snow but don't get any! We had a
female news anchor that, the day after it was supposed
to have snowed and didn't, turned to the weatherman
and asked:
'So Bobby, where's that 8 inches you
promised me last night?'
Not only did HE have to leave the set, but half the crew
did too they were laughing so hard!
and a very embarrassed female news anchor who will,
in the future, likely think before she speaks. What happens
when you predict snow but don't get any! We had a
female news anchor that, the day after it was supposed
to have snowed and didn't, turned to the weatherman
and asked:
'So Bobby, where's that 8 inches you
promised me last night?'
Not only did HE have to leave the set, but half the crew
did too they were laughing so hard!
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