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Right Hooks

Premiums Jump by 56%

Thanks to "Affordable" Care Act.

Mar. 18, 2014

The reason for passing ObamaCare, we were told, was to level the playing field against “greedy” insurance companies who put profits above principles. Suffice to say, those evil insurers aren’t making obscene or immoral profits – the industry’s profit margin was just 2% when ObamaCare was passed. Now, costs are rising, and insurers have no choice but to pass those additional burdens onto you. The Washington Examiner reports, “Americans buying health insurance outside the new Obamacare exchanges are being forced to swallow premiums up to 56 percent higher than before the health law took effect because insurers have jumped the cost to cover all the added features of the new Affordable Care Act.” In California, that translates up to $2,604 a month for a family plan, and $1,845 in New York. The only unfair entity here comes courtesy of federal mandates singlehandedly increasing health premiums.

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