Comment: As insurers’ Obamacare bailouts end–and as they are finally able to tally their actual, real-life cost of providing bloated Obamacare policies–the cruel Orwellian irony of calling 2010′s Act of bloated government medicine “the Affordable Care Act” becomes inescapable.
As Obamacare is exposed as less and less affordable, the drama reminds the Truth Squad of that famous “Can you hear me now?” cell-phone commercial, but with a twist… (2014) “Can you afford Obamacare now?” … (2016) “Okay, how about now?”
“ Blue Cross and Blue Shield of North Carolina said Thursday that it now seeks an average 34.6 percent higher premium for insurance sold under President Barack Obama’s health insurance overhaul law. The company said in June that it wanted to raise rates by an average of almost 26 percent starting in January, compared with this year’s allowed 13.5 percent increase.”
[...] “Our claims and expenses are higher than our premiums and we need to take steps now to protect the sustainability of plans for our customer over the long-term,” Getzen said. “
Blue Cross raises rate hike sought on Affordable Care plans
By EMERY P. DALESIO and EMILY MASTERS, Associated Press, August 6, 2015