A recent piece in Forbes Monday has detailed the rise in health insurance premiums since the passage of ObamaCare–despite the explicit promise from the president before the law’s passage that his plan would lower premiums. According to the report, premiums have increased by an average of $3,065, and they’re about to go up even more.
Forbes contributor Sally Pipes notes that the CEO of large health insurer Aetna has warned that consumers could face a “premium rate shock” that would catapult unsubsidized premiums up by 20 to 50 percent, and Blue Shield in California has already asked regulators to approve premium increases of up to 20 percent.
For conservatives this news will come as a mix of “I told you so,” and despair about what these premium increases will do to our economy. However, all hope is still not lost.
The Heritage Foundation’s Foundry blog notes that details within last week’s Fiscal Cliff aversion deal indicate that even some Democrats are no longer supportive of everything within the massive Health Care overhaul. The Community Living Assistance Services and Support Act within ObamaCare, which Heritage describes as essentially a new entitlement for long-term care, was actually dismantled by last week’s deal in part because of its poor design.
The growing murmurs of continued dissatisfaction over ObamaCare in Washington as its parts begin to go into implementation come as many states are refusing to put in place the State Exchanges that were a key to the health care law’s passage.
On ‘Real News‘ Monday the panel discussed ObamaCare’s rising costs and the slow unraveling of some of its key components. Watch a clip from the show below: