Monday, June 10, 2013

Monday Morning ObamaTax Alert

■ FoIB Holly R alerts us to this breaking news that the ObamaTax will leave some 30 million Americans without health insurance. The whole article is well worth the read.

■ And leave it to Tar Heel State FoIB Jeff M to bring this Buckeye State news to our attention:

"Ohio’s insurance regulators are warning that some health policy premiums may skyrocket next year because of the [ObamaTax] ... The department’s initial analysis of the proposed rates show consumers will have fewer choices and pay much higher premiums for their health insurance starting in 2014.”

But that can't be right: we were assured that premiums would, in fact, fall by over 3000%.

■ Update from Friday's item on renewal dates. We had noted that:

"[A]t least one carrier ... is offering a special, one-time deal to existing client groups to "avoid the effects of adjusted community rating until 12/01/2014"

Since then, we've gotten a bit more detail. What they're offering is the "opportunity" to have two 2013 renewal dates: their original one, and a new 12/1/13 one. The idea is that even though a group would then have two premium increases (despite ObamaTax protestations to the contrary, they're not going down this year) the change would enable them to put off the potentially catastrophic 2014 rate increases.

Interesting gamble.
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