Tuesday, October 25, 2016

Affordable Care Act on Life Support

When the enrollment period for the Affordable Care Act starts next week, customers to the exchanges will be shocked to find that they have fewer choices and higher prices.

In Pennsylvania, the number of insurer has dwindled down from 13 to 8 and premiums are expected to rise 53%.

According to Aetna Inc. Chief Executive Officer Mark Bertolini, "As the rates rise, the healthier people pull out because the out-of-pocket costs aren’t worth it."

Given that, premiums are going up an average of 25% for next year. In Arizona alone, premiums are skyrocketing by a whopping 116%.

The American voter seems to have a very short memory. Here are a couple of items you should consider when you vote.

1. MIT economist Jonathan Gruber, the architect of Obamacare, mocking "the stupidity of the American voter" for not understanding the "true cost" of the Affordable Care Act.

2. President Obama PROMISING to lower health insurance premiums by $2,500 per year. Instead health insurance premiums climbed by 4.2% on average. Virginia, for example, will see its premiums jump between 3% and 67%. Listen to his own words. Think about it.

3. President Obama: 'If you like your health care plan, you'll be able to keep your health care plan." Also, do you remember the other promise of being able to keep your doctor? Just to refresh your memory. "First of all, if you've got health insurance, you like your doctor, you like your plan - you can keep your doctor, you can keep your plan. Nobody is talking about taking that away from you."
President Barack Obama - 7/16/2009

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