Which brings me to Obamacare, a socialistic plan sold on a panoply of lies and doomed from the outset to failure. Failure that even the Obama administration acknowledges, with its serial and unlawful rewrites of the statute, along with delays and modifications to shield a complicit Democrat Party from enraged electorates.
As for what collectivism applied to health care will do to insurance premiums? It's just as we predicted.
...In 2015, Premera Blue Cross insurance rates will increase between 35 and 40 percent, Wing-Heier said. Those plans cover roughly 7,000 Alaskans. Alaskans who chose a silver plan (the most popular) through Premera will see an increase of 37 percent.
Moda Health plans will increase between 22 and 28.8 percent, according to Wing-Heier. These plans cover roughly 8,000 Alaskans, Moda regional operations director Jason Gootee said.
Why the shocking and unprecedented increases?
Wing-Heier said 2015's greater increase is due to the small number of Alaskans on the individual market: “For insurance to work the way it’s intended ... you pool your risk and spread it across the pool.”
Insurers were facing “some very horrific claims” with “just not enough people” to balance it out, she said... ...“There are not enough healthy members in Alaska’s individual market to offset the cost of members with very high medical costs...”
...Premera expects to lose $3.7 million in 2014 on these plans, the company writes... “We need a 71.5 percent average rate increase to break even in 2015,” the release states. In 2015, Premera is forecasting losses of $5 million, even with the rate increase.
Alaska is but a microcosm of the insanity laced throughout the ill-named "Affordable Care Act."
Thousands of years of human history have proven, if nothing else, that central planning can never replace the efficiency of free markets.
And still the hard left, Marxist-controlled Democrat Party insists on its suicidal vision for America. We, the American people, will pay the price for their insane plans. And they, the oligarchs, won't feel a thing.
Hat tip: BadBlue News.