Wednesday, January 23, 2013

Well Duh! then how much higher?

Bob discussed a WSJ blog explaining why rates are going to go up. Forbes has a hint just how bad it might be and early discussion of pushing back some of the expensive parts:

"A California insurance broker, who sells health plans to individuals and small businesses, told me that she’s prepping her clients for a sticker shock. Her local carriers are hinting to her that premiums may triple this fall, when the plans unveil how they’ll billet the full brunt of Obamacare’s new regulations and mandates."

"There’s buzz in Washington that to ease the price hikes, the Obama team may slow down some of the most expensive regulations. This might include the law’s mandatory community rating. One approach they’re said to be considering is allowing some of the historically based underwriting to stay in place for a time."

Obama already started most of the taxes after his reelection; who would be surprised that in order to protect his legacy he pushes the worst parts of ACA onto the next President? Let them figure out how to fulfill his promises or take the blame for repealing Obamacare,  all he cares about is getting credit for covering 30 million people and fixing healthcare. Neither of those things have to actually happen: the MSM has already credited him with accomplishing these goals

It will be amusing to watch Obama and the Media dance their way out of this way. Plenty more to come.
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