Self-Employed Health Insurance Rates Soaring as ObamaCare Nears
With ObamaCare’s insurance exchanges going online next week, there is suddenly an avalanche of information confirming that the law is bending the cost curve significantly upward for people already buying health insurance on the individual market.
The most famous example so far is conservative pundit Michelle Malkin’s notice that her high-end PPO policy is being eliminated by her insurance provider in order “to meet the requirements of the new laws,” i.e. ObamaCare.
Jim Angle of Fox News describes how a Kentucky family’s monthly premium is set to spike from $333 to $965. Humana, the family’s insurance provider, explains that “Increases aren’t based on your individual claims or changes in health status. Many other factors go in to your premium including: [ObamaCare] compliance, including the addition of new essential health benefits.”
Those “new essential health benefits” are a big part of what will make many plans bought by individuals and families unaffordable under ObamaCare.
As I write in this week’s column, the disruptive impact of ObamaCare on the self-employed is just one element of many that, taken together, articulates ObamaCare’s biggest lie.
Defund, repeal or replace – whichever it is, this law cannot be allowed to stand.