Los Angeles Times Reports, Obamacare Subsidies On Track To Cost Billions This Year

(via Los Angeles Times)

So, about all those subsidies for health insurance that fueled approximately 8 million sign-ups for coverage under the Affordable Care Act. They are on track to cost us billions of dollars this year, a new federal report indicates.

Nearly nine in 10 Americans who bought healthcare coverage on the federal government’s healthcare marketplaces received government assistance to offset their premiums.

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How Much Does The Healthcare Exchange Rip Off Young Adults? They Ran The Numbers. The Results Are Grim.

Obamacare still needs more young people to sign up. This will offset the high cost of the older, and probably less healthy people who are joining Obamacare plans. Oh, but then the White House has to coerce a sufficient number of thirty-somethings to join, too. Problem is, the health plans don’t make economic sense for many of these young adults.

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Major Insurance Conglomerate To Raise Rates By Double Digits

WellPoint surprised industry experts when it announced it will likely seek “double-digit plus” rate hikes. Insurers still have two months before they must submit their 2015 rates, so WellPoint’s prediction could impact other insurers’ rate-setting plans, Bloomberg reported.

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Denial, Deception, And Health Insurance’s High Premiums.

We all know insurance companies like to insert themselves into just about every aspect of health care. Many insurance plans make you go to an approved doctor at an approved hospital for approved procedures and take approved drugs. Fee-for-service docs don’t have much say here. They’ve handed all this control to insurance companies and the insurance companies use it, they say, to control their own costs. But is that all they use it for?

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Dave Ramsey Does The ACA Math And It Doesn’t Add Up

If you’ve listened to the Dave Ramsey Show then you know Dave is a money guy with no formal political leaning (which is ironically political). However, this video segment walks through the oft-neglected common sense of Obamacare. Warning: he goes so far as to call the law communist. Regardless of the label, the math doesn’t work out. Our new healthcare law forces insurers to offer plans for flat rates, regardless of pre-existing conditions, and regardless of risk. Now while this is a noble moral imperative, it defies the ways that actuary tables ACTUALLY work. Meaning the only way for this type of setup to function is with higher premiums, to offset the added to insured groups.

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