NRL News

Trump says “ObamaCare is just blowing up” as average cost of benchmark premium to rise by 25% in 2017

by | Oct 25, 2016

By Dave Andrusko

costsgoingup32reReferring to ObamaCare, the Washington Post (and numerous other outlets) are reporting, “Insurers are raising the 2017 premiums for a popular and significant group of health plans sold through by an average of 25 percent, more than triple the percentage increase of this year’s plans, according to new government figures.”

The 25% is an average. Premiums could go much higher.

Bloomberg News added further detail.

Monthly premiums for benchmark silver-level plans are going up by an average of 25 percent in the 38 states using the federal website, the U.S. Department of Health and Human Services said in a report today. Last year, premiums for the second-lowest-cost silver plans went up by 7.5 percent on average across 37 states.

Individuals signing up for plans this year are facing not only rising premiums, but also fewer options to choose from after several big insurers pulled out from some of the markets created under the Affordable Care Act, known as Obamacare.

Donald Trump has pledged to repeal and replace Obamacare. His response?

“It’s over for Obamacare,” Mr. Trump said at a Monday night rally in Tampa, Florida. According to Patrick Healy and Abby Goodnough of the New York Times.

On Tuesday morning in Miami, he proclaimed that “this election is going to be about Obamacare.” And he said, “Obamacare is just blowing up.”

They observe that for Hillary Clinton

the problems with the Affordable Care Act could force a reckoning that she had hoped to avoid. As a candidate, she has linked herself more closely to Mr. Obama than any nominee has done with a sitting president in modern times, defending his economic record and praising him for pushing the health law through a sharply divided Congress.

In fact, ObamaCare passed without a single Republican vote.

In addition to increasing the eventual likelihood of rationing, ObamaCare resulted in federal funding of over 1,0000 health plans that pay for elective abortion.

The Washington Post’s Chris Cillizza conceded, “This would be big news at any point in this election: The signature achievement of the outgoing Democratic president appears to be fulfilling many of the doom and gloom predictions Republicans made when the law passed. Costs are rising for many. Major insurers — like Aetna — are dropping out. And the law, which has never been terribly popular, isn’t faring any better in most credible polling these days.”

But as a confirmed Trump hater, Cillizza assured his readers this devastating news will not create “any sort of major groundswell toward Trump.”

We shall see.

Categories: ObamaCare