Obamacare premiums are set to skyrocket an average of 22% for the benchmark silver plan in 2017, according to a government report released Monday.
Health care insurance is too expensive.
The stated goals of health care reform in 2009 (Obamacare) in the USA were
- lower costs
- cover all Americans
- drive quality
- and be paid for (without impacting the federal budget)
Premiums for Californians’ Obamacare health coverage will rise by an average of 13.2% next year, according to the Los Angeles Times, more than three times the increase of the last two years. Premiums in the insurance program rose just 4% in 2016, after rising 4.2% in 2015 – the first year that exchange officials negotiated with insurers. In Arizona, the benchmark plan’s average premium will increase 116% in 2017.
An analysis by the nonpartisan Kaiser Family Foundation of 14 metro areas that have already announced their 2017 premiums found an average jump of 11%. The changes ranged from a decrease of 14% in Providence, R.I., to an increase of 26% in Portland, Oregon.
Ouch! What happened to objective 1 – lower costs?
Opponents cry “socialized medicine” as if that means the end of the world. Look at the map below and you will see all of the countries (in green) that are in collapse thanks to universal health care where there are no for profit insurance companies. Although you are free to buy supplemental insurance in many of those countries.
Is there another solution?