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As a companion piece to my health care trade-offs post more than two weeks ago, The Wall Street Journal has another article today discussing the premium increases that are starting to hit businesses now that the legislation is law, and open enrollment season is around the corner.
The attacks on insurance companies continue this morning, with Matt Drudge linking to the “Healthcare overhaul won’t stop premium increases” story at the Lost Angeles Times. Not once – not once – does the Times look into why the premiums are increasing.
Read the headline again. Then, think about the written and spoken attacks on health care insurance companies from Congress, pundits and directly from the president. This industry is a convenient and popular target for the left, just like oil and banking firms with their $3 gas and $2 ATM fees.
In his recent “pep talks” about Obamacare, the President has frequently mentioned the Congressional Budget Office’s findings to support his arguments. As I have read those findings, as well as those of the Office of the Actuary for Medicare and Medicaid (OACT) I am perplexed by the President’s comments. We are told that Obamacare will…
As we told you. When you start mandating coverage and benefits, the costs to provide care will increase. As such, health care insurance premiums go up. Remember, insurance companies in most cases must go to the state to request premium increases and they must prove why rates must increase. They states will soon be approving 20 percent-plus…