Local insurers: Yep, Obamacare will increase premiums
posted at 3:07 pm on July 16, 2013 by Guy Benson
A health insurance manager interviewed by a Louisiana news affiliate provided viewers with a quick lesson on the economics of Obamacare (via the Weekly Standard):
The newsreader does her level best to promote the new law, describing how its exchanges are supposed to work with nary a word about “train wrecks,” logistical snags, or fraud-related “disasters.” Ultimately, though, she can’t side-step the coming premium hikes — even as she tries to minimize them by asserting that only a “small number” of policy holders on the individual market will be affected. That “small” pool numbers in the millions. Her selective reporting also fails to address the many people with employer-based insurance who will either lose their coverage, have their hours reduced, or see their costs continue to increase within their existing plan. President Obama told Americans his plan would reduce healthcare costs by an average of $2,500 per family. That’s not happening. By the way, Gallup is out with a new survey showing Obamacare opposition creeping upward again, a trend reflected across a wide array of recent national polling. Perhaps news accounts like this, this, and this have been a drag on the law’s public image — and that’s before we even mention Obamacare’s recent high-profile delays.