About those Obamacare savings?

Never mind, they won’t be happening. In fact, your insurance rates are going to skyrocket as much as 100%. Already companies are looking to increase rates thanks to Obamacare’s mandates.

Already Blue Shield of California is looking for a 20% hike in premiums. According to the LA Times:

Health insurer Blue Shield of California wants to raise rates as much as 20% for some individual policyholders, prompting calls for the nonprofit to use some of its record-high reserve of $3.9 billion to hold down premiums.

In filings with state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers, effective in March, with a maximum increase of 20%.

That is a pretty steep hike, especially since Obama promised that our rates would plummet. (And unicorn farts will provide clean energy too)

Some consumer advocates and healthcare economists say Blue Shield shouldn’t be raising rates that high when it has stockpiled so much cash. The company’s surplus is nearly three times as much as the Blue Cross and Blue Shield Assn. requires its member insurers to hold to cover future claims.

There’s a reason they have a reserve of cash this large too.

Blue Shield said its reserves have nothing to do with rate increases, and that money has been put aside for the future benefit of its policyholders.

“Reserves are needed to ensure our members’ claims can be paid no matter what,” said Blue Shield spokeswoman Lindy Wagner. “We need them to protect against uncertainties like a pandemic or another crisis.”

And that crisis will be upon us in 2014. That’s when Obamacare fully kicks in and the medical system in America collapses completely. The CEO of Aetna see’s even bigger hikes in the future. Here are some of the details from Bloomberg.

Health insurance premiums may as much as double for some small businesses and individual buyers in the U.S. when the Affordable Care Act’s major provisions start in 2014, Aetna Inc. (AET)’s chief executive officer said.

While subsidies in the law will shield some people, other consumers who make too much for assistance are in for “premium rate shock,” Mark Bertolini, who runs the third-biggest U.S. health-insurance company, told analysts yesterday at a conference in New York. The prospect has spurred discussion of having Congress delay or phase in parts of the law, he said.

“We’ve shared it all with the people in Washington and I think it’s a big concern,” the CEO said. “We’re going to see some markets go up as much as as 100 percent.”

No, they shouldn’t be discussing delaying parts of Obamacare. It needs to die. It is a disaster happening right now. These rate increases along with the tax increases on tanning and medical devices are just the beginning. It will get a lot worse. Not everyone agrees of course.

Bertolini’s prediction is at odds with Congressional Budget Office estimates that the law will have little effect on small and large-employer plans and the Obama administration’s projections that middle-class families will actually save money. The 2010 law is expected to extend health care to about 30 million people who otherwise couldn’t get insurance, paid for by new taxes and fees on companies and wealthier individuals.

The CBO has not been known for accuracy with these things. In fact, the CBO has been so wrong so many times that people just don’t believe them. To me, (and others), it looks like they just make things up as they go along. As to this “30 million uninsured,” that number has been proven false time and time again.

The Obama administration said last year that “middle-class families” buying insurance through the law’s new online exchanges may save as much as $2,300 a year starting in 2014.

Gee, that should put my rates back where they were just before that lying, incompetent SCoaMF won the election in 2008. Will that decline actually happen? Do the words “HELL NO!!” give you a clue?

About 43 percent of people who buy on the exchanges, or individual markets outside of them, won’t be eligible for subsidies, according to the report. They would see premium increases “somewhat less” than 10 percent to 13 percent, CBO predicted.

BWAHAHAHAHAHAHAHA!!!! Pull the other finger, it has a bell on it. Obamacare was designed to do several things. Lowering insurance rates and increasing coverage wasn’t one of them. It was designed to destroy the health insurance system and force the creation of a single payer, government run healthcare system, similar to the disaster that is the British National Health Service ((Healthcare in the United Kingdom)). The NHS is noted for bad medical care and killing patients. It has collapsed and you take your life in your hands if you enter into one of their hospitals ((The NHS: A guide for Americans under Obamacare)).

Obamacare was rammed down the throats of Americans who do not want it. They see what will happen if it is implemented. Last spring, we all expected the Supreme Court to put a stake through the heart of this blatently unconstitutional mess. Little did we know that Chief Justice John Roberts would basically rewrite everything so that he could uphold it. (In a clear violation of the Constitution. That coward couldn’t stand the possibility that he would not be invited to the Beltway Elites parties)

Now we are seeing the states refusing to set up these exchanges. Obama and his cronies have been caught by surprise over this. Now the Federal Government will have to set up the exchanges and they aren’t prepared to do so. Already the corruption and incompetence are starting to leak out ((The. Sebelius Coverup)).

No, Obamacare purpose is to end the freedom of Americans and enslave the people to the state. Nothing more. You voted to keep King Putt you morons, and yet you expected him to actually listen to what you wanted? (End Obamacare and cut spending) Silly rabbits. Trix are for kids… And moonbats.

Thatisall

~The Angry Webmaster~

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