If you like your healthcare provider you can keep your healthcare provider… provided you pay a whopping 60% rate hike starting next year.
The Houston Chronicle is reporting that Blue Cross Blue Shield has requested a 60% rate increase in 2017 in Texas following complaints from the company that it is “losing money in the federal health exchanges because some customers have proven more costly to cover than anticipated.”
In other words, the cost of insuring people under the so-called “Affordable” Care Act is going to force prices to skyrocket to potentially unaffordable levels for everyone.
According to filings listed on healthcare.gov, Blue Cross and Blue Shield seeks increases between 57.33 percent and 59.35 percent for two of its Blue Advantage Plus plans. A Blue Advantage Health Maintenance Organization Plan is asking for a 58.6 percent hike…
In a country where the cost of living is going up on virtually all fronts but wages and jobs are not increasing, exactly who is going to be able to afford this insane rate hike? And that’s just to pay for the insurance in case you get sick…
According to the report, it is unclear what will happen if the rate hike request is not granted. When the same company requested a 51% increase in rates in New Mexico last year and the request was denied, the company simply withdrew all healthcare plans from the entire state.
It’s a domino effect. Obamacare is imploding the nation’s health care system.
Insurers across the nation, including Blue Cross and Blue Shield of Texas, have complained vigorously that they are losing money in the federal exchanges as some customers have proven more costly to cover than anticipated.
Blue Cross Blue Shield isn’t the only company that has been reporting large profit losses due to Obamacare. UnitedHealthcare has reported losses of $650 million. Humana reported a 46% loss in the first quarter of 2016 alone.
As more and more private health insurance companies complain of profit losses and pull out of states who refuse to hike rates to unaffordable levels, it is highly likely the situation will become unsustainable and ultimately used as an excuse for the government to take control over all healthcare, moving the US to a national system just like in the UK or Canada.
In fact, this is exactly what Senator Harry Reid said that Obamacare was a step towards when it was first rolled out: a single-payer national health care system. Now we’re watching it happen.
But look at the way our servicemen and women who go to the VA in this country are treated. They die waiting in two-year-long lines to receive care. It’s so bad, one Navy vet recently set himself on fire in front of a VA in protest.
Considering our government can’t even make a noodle salad efficiently, the crash and burn of Obamacare as a problem-reaction-solution forcing us onto a single-payer national system could be a nightmare for anyone who depends on America’s already broken health care system for their health.
Melissa Dykes is a writer, researcher, and analyst for The Daily Sheeple and a co-creator of Truthstream Media with Aaron Dykes, a site that offers teleprompter-free, unscripted analysis of The Matrix we find ourselves living in. Melissa also co-founded Nutritional Anarchy with Daisy Luther of The Organic Prepper, a site focused on resistance through food self-sufficiency. Wake the flock up!
obamacare was about one thing, destroying the medical field to control the citizens…
Always be a light that is .shininginthedark.
WRONG
So, if we can’t save everyone, we save no one. Great answer from the liberals. Nice example of the axiom that government collectivism does nothing but spread misery equally.
This whole thing isn’t flying anymore and a reset is coming.
It won’t belong now. Take yer vaxxes kiddies.
Simple GOP Manufactured Crisis , they got busted in North Carolina trying to rig the tillis hagan election be sending out a “Fake Rate Hike letter too their customers just before the election . Now as your selt how many of there directors are Republicab? they have zero credibility with me
Yes that’s right, the GOP managed to get a private firm to massively boost it’s premiums for their political convenience, even though doing so would lose it millions of dollars. Moron.
Obama’s legacies are collapsing down around him.
Can’t happen fast enough.
Lets vote in Hillary and she will repeat the legacy and more.
INsurance tax – they never give up on inventing new taxes.
Gotta ask your selves is this ‘hope and change’ or just masking tape before the rain.
Extracting more from the commoner…’and when you ask them how much should they give they always sat more,more,more..,’CCR circa 1969.
Personally I am 66 years old and don’t have a “doctor” and never will. I do not take the part B. I do not believe that the manchurain MD or PHD or general practitioner has our best interests in mind.
If this is democrat mantra you can keep it.
STOP VAXXING and STOP taking synthetic non tested bullscat.