Insurers Raising Rates by Double Digits

It looks like Obamacare’s chickens are coming home to roost.

According to the New York Times, not normally known as a bastion of right-wing anti-Obama extremism, health insurers are slapping consumers with double digit percentage increases in rates:

Health 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.

 

Obama promised during the 2008 campaign that his health care initiative would “bring down premiums by $2,500 for the typical family.” But according to Forbes, premiums have increased by an average of $3,065 and are set to rise even further.

The reason would appear to be something the White House loves to cite during debates about the budget: math.

Insurers are now required to provide, without cost sharing by patients – that is, for free – mammograms, colonoscopies, HIV screening, contraceptives and contraceptive counseling, well-women visits, sexually transmitted disease counseling, breastfeeding support and supplies, and so forth.

Meanwhile, states are tasked with figuring out which health benefits are “essential,” and therefore must be granted at no cost to the consumer. According to Investors.com, various states have already announced that people simply must have things like weight loss surgery, acupuncture, circumcision, smoking cessation services and varicose vein removal, and so they can get them for free.

All of this is very nice. But someone still has to pay for it. And that’s where your premiums come in.

Keith Koffler

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Award winning journalist Keith Koffler has 16 years of experience covering Washington. As a reporter for CongressDaily, National Journal magazine, and Roll Call, Keith wrote primarily from the White House, covering three presidents and learning as few have the intricacies of the West Wing and the behavior and motivations of its occupants. While mainly stationed at the White House, he also extensively covered Congress and Washington’s lobbyists. Keith has also written for a variety of other publications, including Politico, The Daily Caller, and The London Observer. He currently writes regular opinion columns for Politico. He blogs at whitehousedossier.com.

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