Affordable Care Act: “Some Americans could see their insurance bills double next year”

rmoo8

Remember when Obamacare was all about “bending the cost curve” and making health insurance cheaper and easier to get? Yeah, about that:

Some Americans could see their insurance bills double next year as the health care overhaul law expands coverage to millions of people.
The nation’s big health insurers say they expect premiums — or the cost for insurance coverage — to rise between 20 and 100 percent for millions of people due to changes that will occur when key provisions of the Affordable Care Act roll out in January.

Mark Bertolini, chief executive of Aetna Inc., one of the nation’s largest insurers, calls the price hikes “premium rate shock.”

“We’ve done all the math, we’ve shared it with all the regulators, we’ve shared it with all the people in Washington that need to see it, and I think it’s a big concern,” Bertolini said during the company’s annual meeting with investors in December.

What’s worse is that individual Americans who purchase their own insurance (read: small-time entrepeneurs and business people) will be hit the hardest:

While the rate hikes will impact roughly 14 million people who buy their own insurance, Denver experts predict the impact will be less on medium and large businesses offering employer-sponsored plans.

This is depressing, but all the more depressing will be the likely reaction from Democrats. They’ll want to address a problem created by a de facto government take over of health insurance with even more government, moving us further toward the single-payer, “universal” government health care system they wanted all along.

Rob Port is the editor of SayAnythingBlog.com. In 2011 he was a finalist for the Watch Dog of the Year from the Sam Adams Alliance and winner of the Americans For Prosperity Award for Online Excellence. In 2013 the Washington Post named SAB one of the nation's top state-based political blogs, and named Rob one of the state's best political reporters. He writes a weekly column for several North Dakota newspapers, and also serves as a policy fellow for the North Dakota Policy Council.

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  • Yogibare

    Hey, wake up and smell the coffee! The Obama care mandate kicks in and people are forced to buy insurance that included Obamacare mandated coverages. So—-we will pay, and pay, and pay. This will end with single-payer plan with the federal gov. taking most of our paychecks and “giving” us “free healthcare”.

  • matthew_bosch

    I suspect Edward Gibbon of the future will begin his story sometime in 2008.

  • mikemc1970

    But Rob, it’s free, and it cares.

    • Say It

      And we will all be healed, too!

  • Thresherman

    Liberals always want the government to solve a problem and then when they make a master clusterf**ck out of it they think that the answer is to have the government do more about it.

    • Wayne

      “…then when they make a master clusterf**ck out of it they think that the answer is to have the government do more about it.” And to blame Republicans,

  • banjo kid

    Single payer is the goal

  • SigFan

    And who didn’t see this coming? Besides the morons that voted for Obama that is.

  • Anti-NCAA

    I read an older article from last year that stated Obama’s agenda to cut funds from defense budget is to shut down TRICARE and make all veteran’s convert to his public plan. It would also impact the VA Healthcare System and everyone would have to go thru one single system. It also says that instead of paying $400/yr for retirees as a premium it would go up to over $3,000 for the same type of coverage.

    Yup, it’s not a tax…. it’s all about revenue streams to spend more!

  • Stuart

    I watched Greta Vansustren last night and she showed the amount of pages that had to be filled out to receive Obama Care. One form was 61 pages long theat even Shea’s a Lawyer found it difficult to understand. So she believed the Government would have to hire more IRS agents to help fill out t he forms. The IRS will be the hub for information on this Affordable Care Plan.

    She also showed and example of the paper work and new regulations which stood close to 10 feet tall!

    “We must pass the bill to see what is in it” Nanci Pelosi

    Lets see I should buy a car just to see what is in it? I also should buy a house before I see if it has a bathroom.

    Talk about an idiot and a Democrat Congress that is involved in intellectual disorder.

    What say you Susan B?

    • $16179444

      She’s too busy being an expert on rape and how to take away our guns.

  • ‘Tom Crawford

    All Government, including each branch of government, should have to have what they legislate for healthcare – so they have “skin in the game”.

    Not only will healthcare be more affordable, but be as good as we can get it if our government was stuck with same care as the private citizen has to get through Obamacare. Once the government and their families are affected by this, THEN we will see true healthcare reform take place – until then, as long as they have something different they have less incentive to do whats right.

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