Proof positive that our national health insurance plan known as ObamaCare will fail dramatically, and cost an arm and a leg doing so, can be found in the latest figures from Massachusetts released yesterday. As you know, RomneyCare is identical to ObamaCare. The states attorney general, a Democrat, released a report stating that containing health care costs in the state isn’t going to happen. In fact they are going up 10% for individual health insurance.
The report states the obvious as well, that rates are going up because of the mandates, guaranteed issue health insurance coverage, and community rating of medical insurance rates. The huge subsidies for the poor and middle class are huge, and climbing.
The health insurance exchanges are rewarding people for working less and earning less. Earn less and qualify for more free health insurance, it’s ridiculous.
Lastly, the mandates force employers to offer very expensive group health insurance plans. With premiums rising, employers are finding cheaper to drop their group health insurance policies and paying the fine instead.
This is what we have to look forward to.
Michael Higgins
602.405.8769
An Arizona health insurance broker.