Obamacare is getting a premium check-up — but it’s consumers who are starting to feel sick.
After more than a half-decade of the president’s spectacular failure, health care insurers can’t make a living — and Americans are forking over theirs for the most basic of coverage.
Now, desperate to stop the financial bleeding, insurance companies are turning to states for permission to raise premiums, in some cases as much as 58 percent!
The gloomy forecast is just the latest chapter in the downfall of the president’s not-so Affordable Care Act. The incredibly shrinking bandwagon known as Obamacare is even emptier now that insurers have hopped off to keep their own companies from crashing.
Like UnitedHealth, Humana, and others, the industry has been burning through dollars trying to prop up a system full of sick people. Now, bit by hundreds of millions of dollars in losses, most companies have no choice but to pass the costs on to already strapped customers.
On October 1, the states will finalize their premium rates — and policy shoppers are in for their biggest shocks yet. If you thought 2016 was bad, experts warn, it’s nothing compared to 2017’s pricing.
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