Wednesday, October 31, 2012

More on that 3000% ObamaTax insurance rate decrease [UPDATED]

Not. Happenin'.

From United Health One (formerly Golden Rule) email:
"We will no longer provide our initial 12-month rate guarantee for plans with January 1, 2013 or later effective dates to allow for required changes resulting from the [ObamaTax]."

UPDATE: And the Cato Institute's Michael Cannon reports that the Golden State will see its citizens' insurance premiums shoot up some 25% as a result of the ObamaTax Exchange scheme:

"Under a new rating map approved by state lawmakers, the Department of lnsurance estimated that premiums for similar coverage could increase as much as 25% in West Los Angeles, 22% in the Sacramento area and nearly 13% in Orange County."

Ooops, indeed.
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