Obamacare may be the Democrats’ Waterloo, and it is coming to haunt them once again: Outcry is rising over double-digit insurance hikes as millions of Americans begin to sign up for Obamacare a scant week before the 2016 general election.
That does seem to be what is going to be the case in the face of health care corporations trying to regain profits after President Barack Obama’s signature Affordable Care Act ravaged their health plans.
In a disastrous one-two combo, UnitedHealth Group pulled out of most Obamacare transactions after facing $650 million in losses in one year, and Aetna’s CEO said Thursday that it would only break even, and even then legislative fixes were still needed to make the marketplace sustainable according to their CEO.
“I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink. A number of carriers need double-digit increases,” explained Greg Scott, who’s in charge of Deloitte’s health plans.
The ruckus is to be expected — under this law, insurers cannot discern their clients, nor are they sure how much to charge them based on their medical history.
The good news, though, is the effect that this will likely have on undecided voters.
As rates will increase drastically over the course of the next few months, those who have a few brain cells to rub together will realize that one of the most socialist policies this country has is the cause, and Democrats like Hillary Clinton should suffer at the polls as a result.
