ObamaCare Brings Insurance Rate Hikes

by Michael Tennant
The New American
Sep. 12, 2010

Back in 2008, candidate Barack Obama said that his healthcare reform plan “would bring down premiums by $2500 for the typical family.” In February of this year he urged Congress to pass healthcare reform or else Americans would “see exploding premiums and out-of-pocket costs burn through more and more family budgets.”

In March Congress passed, and Obama signed, the legislation. Today, says the Wall Street Journal, health-insurance premiums are not falling but rising, probably as a direct result of the passage of ObamaCare.

Writes the Journal: “Aetna Inc., some BlueCross BlueShield plans and other smaller carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the law, according to filings with state regulators.”

“These and other insurers,” adds the newspaper, “say Congress’s landmark refashioning of U.S. health coverage … is causing them to pass on more costs to consumers than Democrats predicted.”

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