Obamacare Will Send Costs Up
Calls for repeal of “Obamacare,” the president’s national health care takeover, seemed to fade away after President Barack Obama was re-elected last November. But you may hear them resume, stridently, as tens of millions of Americans find themselves paying more for health care because of the law.
Health insurance premiums for people who buy policies themselves will go up by as much as 13 percent in 2016, as a result of Obamacare, the nonpartisan Congressional Budget Office concluded recently.
Some state insurance regulators think even more people could be affected. “Rate and market disruption” is a concern, California officials wrote to Obama.
Many people who like the insurance they have will lose it or have to buy higher-cost policies, some researchers have noted.
Obamacare should be repealed. But by the time many Americans reach that conclusion, it will be too late.