Obamacare health insurers seek double-digit rate hikes for 2016

(Here’s some more of that special brand of Obama “socialism” for you”. What? You say? That’s not socialism? No it is not. Medicare for all is socialism. Mandated purchasing of a private company’s product which they are allowed to continually increase the cost of with reduced benefits is called “fascism” and that is Obama socialism… fascism.)

from the WSWS

A recent poll found that people enrolled for health insurance through the Affordable Care Act (ACA) exchanges are more dissatisfied than any other group of insured Americans, mainly due to cost. A new study now reveals that enrollees insured under what is popularly known as Obamacare have even more reason to be dissatisfied.

The study released last week by AgileHealthInsurance shows that premiums for plans sold on the ACA federal exchange HealthCare.gov are expected to increase substantially in 2016, with many insurers requesting double-digit rate hikes. A statewide analysis showed that in three states—Delaware, South Dakota and West Virginia—insurers are seeking double-digit increases for 100 percent of Obamacare plans.

Under the ACA, signed into law by President Obama in 2010, people without insurance through their employer or a government program such as Medicare or Medicaid must obtain insurance or pay a tax penalty. The health insurance exchanges set up under the ACA offer insurance for sale from private, for-profit insurers.

[read more here]

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