Hey, Democrats! We told you so! Maryland insurer is asking for a 30 percent increase in premiums just so they can break even. We have spiking health insurance rates, spiking deductibles, severely restricted options and service providers, all forecast by Conservatives and all poopooed away by Leftists who were all gaga about Socialized Health Care because that’s what European Socialists were doing. ObamaCare is an unmitigated disaster and what it replaced was far better than anything Socialists can offer.
Megan McArdle has a post up on Sticker Shock for Some Obamacare Customers. Now that real world cost data is available, insurers are asking for rates that allow them to at least break even on Obamacare coverage. Maryland’s largest insurer is asking for a 30 percent increase.
It’s a basic principle of Thermodynamics that there ain’t no such thing as a free lunch. That applies to health care too.
That All is not Gold that Glitters, and Two and Two make Four
And the Gods of the Copybook Headings limped up to explain it once more.