Tuesday, October 25, 2016

Did you hear: Obamacare premiums to rise by double-digit percentages for millions

Obama lied and the Democrats lied through their teeth about ObamaCare being affordable. 
It never was supposed to be and it was supposed collapse by design to trick Americans into agreeing to go with single payer.  That's what the Dems wanted all along.  
Washington Times reports Obamacare premiums will soar in 2017, the administration acknowledged Monday, with the price of the most popular benchmark plans jumping an average of 22 percent as the law continues to rely on older, sicker customers than its backers had envisioned.

The number of insurers offering plans on the federally run exchange will also plummet as companies tap out, saying they can’t figure out a way to make the economics work — and raising the risk of lower competition and worse premium increases.

Roughly one in five customers will have only a single insurer as an option next year after major players such as UnitedHealth Group and Aetna withdrew from most states and nearly all of Obamacare’s co-op plans failed.
That’s particularly rough news for President Obama, who is trying to boost his legacy in his final months in office, and for Hillary Clinton, his would-be Democratic successor, who has defended the law.

More here