Taxpayers will be picking up ObamaCare rate hike costs in Nevada

As my ol’ pappy used to say: “You pays your money and you takes your chances, but mostly you just pays your money.”

So, when Obama promised on the campaign trail in 2008, “We’ll lower premiums by up to $2,500 for a typical family per year. … We’ll do it by the end of my first term as president of the United States,” I didn’t really believe him.

Maybe those savings will be coming next year, right?

Of course not. News accounts report that ObamaCare subsidized health insurers are beginning to make requests for 2016 rates, and they are seeking double-digit rate increases and in some places up to 60 percent hikes.

Nevada is not immune. According to HealthCare.gov’s rate review website, Nevada’s ObamaCare insurers are seeking 10 percent-plus rate increases in the vast majority of plans and up to 27.53 percent for one plan.

But not to worry, the vast majority of those covered by ObamaCare are subsidized by the taxpayers and pay a fixed percentage of their income for their health insurance, so the taxpayers will be picking up any increases that are granted. Those rates will be posted around Nov. 1.

You pays your money.

 

 

 

 

Advertisements

4 comments on “Taxpayers will be picking up ObamaCare rate hike costs in Nevada

  1. Hank Bond says:

    It would be ok if insurance companies had a cap. Well, good luck on that.

  2. Rincon says:

    It’s off topic, but too hard to delay. The International Monetary Fund estimates fossil fuel subsidies in the U.S. at $700 billion/year (but only about 1/3 of that is in the form of direct subsidies or tax writeoffs, about $233 billion) In contrast, the entire world pays only $120 billion in renewable subsidies (Economist 5/23-29, p.61-2) As I’ve asserted, Conservatives attack a flea while ignoring the elephant.

  3. agent provocateur says:

    Reblogged this on Nevada State Personnel Watch.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s