Obamacare Backfires: Health Insurers Raise Some Rates by Double Digits

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obama-health-careHealth insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration’s health care law was to stem the rapid rise in insurance costs for consumers.

Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.

In California, Aetna is proposing rate increases of as much as 22 percent, Anthem Blue Cross 26 percent and Blue Shield of California 20 percent for some of those policy holders, according to the insurers’ filings with the state for 2013. These rate requests are all the more striking after a 39 percent rise sought by Anthem Blue Cross in 2010 helped give impetus to the law, known as the Affordable Care Act, which was passed the same year and will not be fully in effect until 2014.

Read more at THE NEW YORK TIMES.

{Matzav.com Newscenter}


8 COMMENTS

  1. That’s not a “backfire”, that’s the original plan – to force a lot of people onto the public option.

    Just the NYT makes believe it doesn’t know…

  2. Rates have been going up since Obama started blabbing about health care. Mine doubled already since a year and a half ago. Anyone different?

    I agree with #3. Obama doesn’t care about keeping America strong, he’s anti-America and anti-white like his mentor The very reverend wright. He’s interested in socialism and arabism.

  3. I’m on an insurance plan through my job that is the worst possible plan I’ve ever been on since I got married over 20 years ago.
    Last year was terrible and I thought it couldn’t get worse, but guess what? This year’s insurance plan is worse than last year!
    ‘Thank you’ Mr President for caring for your hard working citizens!!!
    The plan is so bad, I’ve wondered if I would be better off without insurance and just to pay out of pocket my medical expenses.

  4. To answer #6 that’s the problem. Obama has taken the profit out of health care so who wants to be a doctor or write insurance? I have a doctor chavrusa who can’t make ends meet without having 5 offices and says the reimbursement and paperwork is ridiculous. My oncologist told me he has patients who are over 65 and they pay less on government insurance than their secretaries who have insurance. The only way he makes money is by testifying in court in malpractice cases. The stories of government malfeasance in medicare etc. are endless (hey how many Sandy victims have gotten flood insurance money – which is underwritten by FEMA.

    Obama wants the only ones making a profit should be he (trips to Hawaii) and his Democrat friends. If they were truly honest all the democrats would resign.

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