Saturday, May 25, 2013

CALIFORNIA OBAMACARE RATES TO SOAR?

Several of the nation's largest insurers are refusing to sign on to California's new ObamaCare exchange, "COVERED CALIFORNIA."  This means there will be fewer insurer's in the pool and rates will skyrocket even more.  The goal of the exchange is to offer individuals and small businesses a choice of private health plans similar to those that workers at large companies already receive. 

United Health, the nation's largest private insurer, Aetna, and Cigna all are opting out.  Policymakers have long been concerned that the new system could drive up rates for healthy middle-income residents once the expanded system incorporates sicker and low-income people for the first time within the same plans.  In March, state officials issued a report estimating that premiums on individual policies could rise an average of 30 percent for middle-income residents who pay for their own insurance under the new system. 

This bad news comes on the heels of the I.R.S. scandal and calls for the I.R.S. to butt out of its role in ObamaCare enforcement.  I do not subscribe to the theory that a bad law is better than no law at all.  ObamaCare needs to be dismantled, immediately and plans to contain healthcare costs in a responsible manner must be implemented.  You absolutely know it's a pile of crap when unions who support Obama start to turn against it. 

That's MY AMERICAN OPINION, respectfully submitted. 

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