On Saturday, Pirate’s Cove posted an article about rising health insurance costs. The article quotes a recent article from The New York Times:
Obamacare Dealt Yet Another Blow as Premiums Rise Again
Millions of Americans who depend on Obamacare for their health insurance face another double-digit price increase next year, adding to the financial toll that has already driven millions of others to drop coverage since last year.
The price increases largely reflect higher medical costs across the country. But they also are a signal of the latest blow to Obamacare under the Trump administration, which has overseen the expiration of tax credits that helped Americans pay for coverage and has erected new barriers to enrollment in an effort to root out what it describes as widespread fraud.
The average price of health insurance in the Obamacare marketplaces will rise by 13 percent next year, according to an analysis on Friday by KFF, the health research group.
The Trump administration on Friday published new prices for 2027 in 30 states with markets managed by the federal government. Using that data and state figures, KFF calculated the increase nationwide.
The article notes:
I’m old enough to remember when Obama said “In an Obama administration, we’ll lower premiums by up to $2,500 for a typical family per year.” And then Dems passed it, but, set it up for implementation after the 2012 election to avoid exposing the true costs to voter.
The article concludes with a response to The New York Times claim that the increases in premiums have been driven by rising hospital prices, high payments under a consumer protection law that changed how some doctors are compensated, and the growing use of artificial intelligence in doctors’ offices:
While I’m sure they play some part, involving the government heavily in paying for healthcare will always mean the costs skyrocket. Just like ACA opponents stated.
Many of the opponents of Obamacare believe that it was designed to fail–collapse under its own weight–in order to usher in socialized medicine. I believe that. It will be interesting to see if the Congress that is elected in the mid-terms will be able to stop the progress toward socialized medicine in America. I wonder if American voters understand what the consequences will be if the Democrats take Congress in the mid-terms.




