The CA Insurance Commissioner assured people that Covered - TopicsExpress



          

The CA Insurance Commissioner assured people that Covered California would save money for Californians who enrolled in ObamaCare, but now he is having a heaping helping of crow. According to Jones, “The rate increase from 2013 to 2014 was significantly higher than rate increases in the past,” and he finally admitted “significantly higher” meant average healthcare insurance premium increases of 22 to 88 percent, averaging 55 percent. Any guesses as to whom got hit the worst? According to Jones, Covered California health insurance premium increases were the most punishing for young people in Los Angeles County age 25, where rates jumped by 52 percent for the young who have the silver plan versus 38 percent more for the same plan for someone 55. Why the big increase? Subsidies. Over 1.5 million more people enrolled in the Medi-Cal taking the numbers to 8.6 million. Put another way, 22 percent of the population of the State of California are now enrolled in the low-income medical plan for California. Remember when Obama said his number one priority is JOBS? There are none.
Posted on: Wed, 06 Aug 2014 06:38:15 +0000

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