What’s in ObamaCare? Premium Increases

I seem to remember that not long ago, Speaker Nancy Pelosi once said about the new health care law:

“We have to pass the bill, so you can find out what is in it.”

We are finding out more and more what is in the legislation each day. My Congressman, Jim Moran voted for it. He recently sent out a nice bit of campaign literature disguised as a newsletter at taxpayer expense (we’ll get into the lies in this brochure later) which talked about the benefits of ObamaCare.

The Democrats in Congress “front-loaded” the most popular provisions of the new health care law to make them effective immediately. The White House and the Democrats in Congress hoped that the polls would shift to support for the one legislative achievement of Barack Obama’s administration that everyone could agree on – health care.

However, as the public does find out more about the new health care law, it has become as unpopular as ever. Today, thanks to the Wall Street Journal, we find out what Congressman Moran and the Democrats have given us this year thanks to the health care law – premium increases:

Health insurers say they plan to raise premiums for some Americans as a direct result of the health overhaul in coming weeks, complicating Democrats’ efforts to trumpet their signature achievement before the midterm elections.

Aetna Inc., some BlueCross BlueShield plans and other smaller carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the law, according to filings with state regulators.

These and other insurers say Congress’s landmark refashioning of U.S. health coverage, which passed in March after a brutal fight, is causing them to pass on more costs to consumers than Democrats predicted.

Here’s the section on why Democrats like my Congresstool Jim Moran are not good at running businesses:

In addition to pledging that the law would restrain increases in Americans’ insurance premiums, Democrats front-loaded the legislation with early provisions they hoped would boost public support. Those include letting children stay on their parents’ insurance policies until age 26, eliminating co-payments for preventive care and barring insurers from denying policies to children with pre-existing conditions, plus the elimination of the coverage caps.

Weeks before the election, insurance companies began telling state regulators it is those very provisions that are forcing them to increase their rates.

Ed Morrissey, writing at Hot Air, shows why this is more than a little ironic and why Democrats would fail Economics 101:

The White House has already accused these insurers of unfair pricing, but that just proves that the administration didn’t understand the industry they wanted to run themselves.  Front-loading new benefit mandates means higher costs for insurers.  Insurers pass higher costs to consumers in premium increases.  If there were no costs associated with these new benefit mandates, they wouldn’t have had to been mandated in the first place.  This is Econ 101, and yet no one in the Obama administration appeared to have realized what “front-loading” new benefits would mean.

Democrats have tried pleading that ObamaCare will eventually lower costs for everyone while giving more benefits to everyone, an empty promise that will get exposed much sooner than they anticipated, thanks to the Obama administration. Small wonder most of them have stopped talking about ObamaCare on the campaign trail.

The new health care law is all about the Federal Goverment controlling your life. It is not about your health. If you want more liberty, more freedom, then like me vote for Patrick Murray.

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