Recently the Department of Health and Human Services granted additional waivers from the burdens of Obamacare, this time to four states. Count your blessings if you are a state employee, and live in…Florida, New Jersey, Ohio or Tennessee.
You are probably wondering why these states received a waiver. Actually it’s simple. In order to comply with the pieces of Obamacare that have recently come into effect, these states made a case that they would either have to raise premiums for state workers, or, drop insurance coverage altogether.
One of the new requirements of Obamacare is that annual medical benefits must be $750,000 per year per employee.
This requirement will cause health insurance premiums to increase and employers will stop paying for these benefits due to the higher costs.
These higher premiums should come as no surprise to the administration.
The Chief Actuary, [for Medicare and Medicaid] Richard Foster, has provided the proof that ObamaCare causes medical costs and health insurance premiums to rise. He also said many would not get to keep the health insurance they now have.
Gee, that doesn’t sound like what President Obama promised us.