After the “bipartisan” bill to suspend the debt ceiling was signed by Obama, the debt jumped a third of a trillion dollars in one day, but you ain’t seen nothing yet.
ObamaCare alone will be ringing up more and more spending as premiums increase in price but taxpayers continue to pick up those increases.
As the Las Vegas newspaper reported the other day, premiums on the Nevada exchange are expected to rise an average of 8.7 percent, but federal tax credits should also increase to cancel out most of the gain, according to a Nevada Health Link spokesman. So, taxpayers pick up the increase.
But that 8.7 percent is probably based on the increase in the Silver plan rates, which the federal government uses as its base because the IRS uses the Silver plan as a “benchmark” for tax purposes, according to The Daily Caller.
Nationally, the feds have been saying premiums will rise 7.5 percent, using only the Silver plan rates. If you average all the metal plans — Platinum, Gold, Silver and Bronze — the average increase tops 20 percent, according to a Daily Caller News Foundation analysis.
For Nevadans the average increase tops 15 percent.
The plans are broken down like this:
- Bronze plans cover about 60 percent
- Silver plans cover about 70 percent
- Gold plans cover about 80 percent
- Platinum plans cover about 90 percent
This less coverage the lower the monthly premium. Next year the deductibles for the Silver and Bronze plans are increasing.
According to the Las Vegas paper, the premium increases for those suckers who are not collecting tax credits in nearly 10 percent. So those people get hit coming and going and standing still.