More ObamaCare Rate Hikes Coming

Remember, others and I warned, years ago, that as bad as ObamaCare seemed then, the disaster of the bill would not appear until after Obama was safely out of office. Well folks – welcome to it. Ever disaster that is and will occur was baked in long ago and artificially tamped down or covered up until after this last election.

from IBD:

ObamaCare, Not Trump, Is Causing ObamaCare’s Massive Rate Hikes

In Iowa, the state’s sole remaining insurer announced on Thursday that it wants to boost ObamaCare premiums by 57%. This isn’t exactly the vibrant, competitive, low-cost market that Democrats promised. But it is the inevitable outcome of ObamaCare’s government-knows-best approach to health care.

Earlier this year, Aetna and Wellmark Blue Cross & Blue Shield announced that they were pulling out of Iowa’s ObamaCare exchange, leaving only Medica, which was also threatening to leave. Not surprisingly, Medica has used its newfound monopoly status to push for increasingly higher rates, while trying to pin the blame President Trump for the increases. read more