Surprise (not): Health insurance premiums up to 56% higher under Obamacare

Getty Images

I know y’all would probably like to see more videos of young liberals burning their Obama t-shirts, but we need to get back to the real world and relevant issues.

The clock is ticking on the enrollment period deadline for that scourge and lifelong objective of progressive socialists: Obamacare. In these final days we will be subjected to lots of Orwellian propaganda and marketing gimmicks from the Obama administration — who is paying for all this?

But we will do our best to reveal the truth. And it hurts. Bad.

Advertisement - story continues below

Thanks to Paul Bedard of the Washington Examiner, “Americans buying health insurance outside of the new Obamacare exchanges (i.e. without a subsidy) are being forced to swallow premiums up to 56 percent higher than before the health law took effect because insurers have jumped the cost to cover all the added features of the new Affordable Care Act.”

Supposedly Obamacare has achieved an enrollment number of 5 million but then again we have no idea who has actually paid, or even how many are just MEDICAID signups. Do any of you believe this number stands up to scrutiny? If everything is going so very well, then why this astonishing marketing blitz — like the dumb “twerking” ad? How many are new signees? How many are part of the important young demographic which is the center of gravity for Obamacare’s success?

According to a cost report from eHealthInsurance, families are paying an average of $663 a month and singles $274 a month, far more than before Obamacare kicked in. What’s more, to save money, most buyers are choosing the lowest level of coverage, the so-called “bronze” plans. In California, some families are paying a high of $2,604 a month and in New York, $1,845.

As Bedard writes, the shocking surge in prices shows what Americans not eligible for subsidies or covered by their employer are paying as they seek lower premiums.

So in other words, Obamacare is indeed simply a wealth redistribution junket that punishes those hard-working middle-income families who are struggling as they watch their wages depressed due to Obamanomics.

Brian Mast, spokesman for eHealthInsurance said health insurance premiums are increasing “primarily because of the new required provisions for 2014 Affordable Care Act compliant plans, including guaranteed issue, essential health benefits, modified community rating and minimum actuarial values. It is also likely that health insurance companies expected additional risk in the risk pool, because people with pre-existing conditions could no longer be denied coverage, and may have priced their plans higher to accommodate for this risk.”

The bottom line is simple: we did need reform of our American healthcare system but we did not need Obamacare. Thirty-four waivers, exemptions and delays — and probably more coming — and the unintended consequences are too numerous to count.

Holy mackerel! Look what's happened to food stamp usage under Trump

Holy mackerel! Look what's happened to food stamp usage under Trump

Will tax reform reflect liberty or tyranny in America?

Will tax reform reflect liberty or tyranny in America?