Tag Archives: premiums

More Horrors of Obamacare

Well, I see that the Star has a story quoting one of Governor Pence’s political appointees; said employee is predicting a huge increase in health insurance premiums, caused, of course, by the hated “Obamacare.”

The prediction is interesting in light of recent news from elsewhere. On July 17, Reuters reported  “Many New York state residents who buy health insurance next year will most likely see their premiums cut by half as President Barack Obama’s healthcare law creates subsidies that may increase the number of people in this market by the hundreds of thousands.”

News reports suggest that other states anticipate similar decreases. Evidently, officials in other states know something ours don’t.

Even if you are stuck in backward Indiana–even if you don’t live in New York, or one of the other states anticipating reduced premiums, you still may be one of the 8.5 million people who will get a check from their health insurance companies this summer. The checks are rebates required by the Affordable Care Act (aka Obamacare) from companies that failed to spend at least 80% of premiums received on actual medical care.  Insurance companies that fail to pay out 80% on claims are obliged to send the difference between what they did spend and 80% back to the policyholders.

Has there ever been such an outrageous assault on the American Way of Life?

But never fear, policyholders–the House GOP just took its 39th vote to repeal this affront to liberty, and to protect you from its horrors. In fact, protecting you from Obamacare is so important, they haven’t done anything else.