Expect “Significant Premium Hikes” As Another Devastating Effect Of ObamaCare

Today, The Associated Press reported that under ObamaCare, people across the country should expect to see “significant premium hikes” in 2017 as health insurers continue to feel the financial strain from President Obama’s excessively sweeping healthcare law. Many of the premium increases are reported to reach well into double digits, with as much as a 37.1 percent increase in Virginia.

Expect insurers to seek significant premium increases under President Barack Obama’s health care law, in a wave of state-level requests rippling across the country ahead of the political conventions this summer.

For example in Virginia, a state that reports early, nine insurers returning to the HealthCare.gov marketplace are seeking average premium increases that range from 9.4 percent to 37.1 percent. Those initial estimates filed with the state may change.

As we continue to see the devastating consequences of ObamaCare, it has been proven that the President’s healthcare law is plagued with“nagging problems,” including low enrollment, questions about the quality of care and insurers leaving ObamaCare exchanges.

The health law’s nagging problems seem to center on lower-than-hoped-for enrollment, sicker-than-expected customers, and a balky internal stabilization system that didn’t deliver as advertised and was already scheduled to be pared back next year.

ObamaCare has left Americans with less choice and access to care, increased costs, and unsustainable stability within the insurance market. It has proven to be yet another tragic failure for big government. As opposed to this one-size fits all approach, Consumers need, want and deserve more control of their health care without government getting in the way of an individual’s freedom to control their own insurance plans.