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Aug 11

“Affordable Care Act” Premiums to Increase an Average of 9 Percent

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Ever since the passage of Medicare in 1965, health care costs have increased much faster than inflation.

This is because Medicare increased demand without increasing supply, causing prices to rise.

Government trusters, in response, have looked for MORE GOVERNMENT to fix the problem. In 2009, the U.S. government enacted the “Affordable Care Act,” purportedly designed to help the poor obtain health care.

Now, health insurance premiums are set to increase an average of 9 percent, according to an analysis of 17 cities by the Kaiser Family Foundation. But some hikes are far higher: Blue Cross Blue Shield has proposed increases of 40 percent in Alabama and 60 percent in Texas.

See here.