Remember that $2500 per family savings? Yeah, about that....

[Adam]

Survey shows ObamaCare sending premiums rising at fastest clip in decades

A recent survey of 148 insurance brokers shows that ObamaCare is sending premiums rising at the fastest clip in decades.

"For the last, about, five years they've been doing this survey, so this was the largest percentage increase in any quarter since they've been doing (it)," said Scott Gottlieb of the American Enterprise Institute.

"But at 12 percent, 11 percent increase on average across all the states -- that puts it at the upper end of any increase we've seen for decades."

That is the national average in a survey done by Morgan Stanley. But in some states, it found rates are soaring.

"There are specific states with exorbitant increases," Gottlieb said. "Delaware had 100 percent increase, Florida had a 37 percent increase, Pennsylvania 28 percent increase, California had a 53 percent increase in their premiums."

Rates vary widely, often depending on the state and how highly regulated it was to begin with. Analysts, however, say the main reasons for the higher costs are not medical inflation, but rather the requirements of ObamaCare itself.

"There are certain regulations and certain requirements that had to be in there. And because of that it's driven up the costs of these benefits," said John DiVito of the Flexible Benefit Service Corporation, which represents hundreds of agents.Rate hikes include ten essential health benefits along with more than 20,000 pages or regulations.

The article goes on to explain how the fools in the White House are claiming that a dramatic increase is actually a decrease. Additionally, your chocolate ration has been increased from twenty grams per week to fifteen grams per week.

[Gingersnap]

It's like how tax increases are really 'revenue enhancements' or 'balancing'.

[RobJohnson]

Delaware had 100 percent increase

Wow.

I hear a lot of people saying that it no longer pays to have a job. Obviously enough people already think this as they continue to vote for the Democrats.

[Novaheart]

The article goes on to explain how the fools in the White House are claiming that a dramatic increase is actually a decrease. Additionally, your chocolate ration has been increased from twenty grams per week to fifteen grams per week.

The insurance companies see the writing on the wall. Within five years we will have SIngle Payer and their scam will come to an end.

[Adam]

The insurance companies see the writing on the wall. Within five years we will have SIngle Payer and their scam will come to an end.

What "scam?"

[Gramps]

What "scam?"

Operating in the black?

[Gingersnap]

The insurance companies see the writing on the wall. Within five years we will have SIngle Payer and their scam will come to an end.

I think we will have single-payer in 5 years. Nobody's scam will end.

Insurers will be folded into the government scheme since all people will require supplemental health insurance (just as people in the EU do now). The single-payer will take care of the drunks and ER people but people with chronic conditions, those needing cardiac or cancer surgery, those needing replacement joints, those who have orphan diseases or just uncommon diseases, or those who are too old or too young will need outside help.

Single-payer worked great when most medicine involved antibiotics, vaccinations, setting bones, delivering babies, and handing out pain meds for end-stage cancer patients. Now people need and want much more sophisticated treatment for the diseases of longevity and single-payer plans can't cope with that.

Beyond that, when the U.S. goes to single-payer, the incentive for drug and medical treatment companies goes out the window. Without a competitive market for new treatments, new treatments will stall out. Most of the world currently depends on American medical research and development. The EU hasn't come up with a lot of game-changing treatments for cancer.