Guess what? We are almost certainly going to be seeing higher ObamaCare premiums in the next year, given the fact that many more older and sicker people have been signing up for the program. I am sure that you are aware of the fact that in order for this law to be financially viable it simply must be attracting a large number of younger and healthier customers. This is so that there will not be so much of a drag on the system wide resources. Obviously, older people will use more healthcare than younger folks. Not to mention the fact that younger people will end up paying higher premiums for this ‘privilege.’
Because of this fact, with more older Americans signing up and fewer than hoped younger Americans, it almost guarantees that next year’s expected premium increases will be higher than expected for millions of people. Even the New York Times is reporting this:
“People signing up for health insurance through the Affordable Care Act’s federal and state marketplaces tend to be older and potentially less healthy, officials said Monday, a demographic mix that could threaten the law’s economic underpinnings and cause premiums to rise in the future if the pattern persists.”
Obviously, most people are not going to like paying more for their healthcare than they need to. Heck, the ACA is already drawing a lot of criticism for its high premiums and deductibles along with other issues such as lack of access to specific doctors and networks. Now, we see that this is certainly not the end of high premiums. The Associated Press also largely agrees with the New York Times’ opinion listed above. Of course, both of these are actually using the figures supplied by the White House which leads to the question of might reality actually be even worse, given the recent distortions how loose the Obama Regime has been with their statistics?
The AP has looked over numbers released by the White House and come to several conclusions. First, they say that only 24 percent of the total enrollments are for people between the ages of 18 and 34. The experts suggest that in order for ObamaCare to really be self-sufficient and financially viable, this should be closer to 40 percent. Also, adults between the ages of 55 and 64 were the group most heavily represented in the enrollment numbers, accounting for around 33 percent of the total.
The Obama Regime, however, says they are unable to determine exactly how many of these folks were previously uninsured. The whole thing is really kind of a farce anyway. The Regime is playing games with us and the numbers they reveal. Take as an example the fact that something like 5 or 6 million people have been dropped or otherwise lost healthcare coverage, yet only something like 2 million Americans have signed up for ObamaCare in total. This makes it very clear to see that there are now more Americans uninsured now than when ObamaCare first began its implementation. All this coming from a President who has said one of his highest priorities was to ensure that all Americans had coverage. What a colossal failure!
Just as a side note, remember how former House Speaker Nasty Nancy Pelosi has made all kinds of crazy ObamaCare claims and promises? In February 2010, she actually said that this law would create 4 million jobs over its lifetime and that 400,000 of those would be “almost immediately.” Crazy. Sure, in the months since ObamaCare has started the unemployment rate has dropped very slightly, but this is mainly due to people having stopped looking for work and dropping out of the labor force.
What do YOU think? Looking forward to higher ObamaCare premiums in 2015? Will this so-called Death Spiral continue? Why are so few young people actually signing up for ObamaCare? Do you trust the Obama Regime’s enrollment numbers? Where are all those promised jobs?