Obamacare collapsing as rates double, exchanges implode: nowhere for Americans to turn

Wednesday, November 16, 2016
By Paul Martin

by: Ethan A. Huff
NaturalNews.com
Wednesday, November 16, 2016

Americans are once again having to face the grim reality of “Hope and Change” following the latest open enrollment coverage period for the Affordable Care Act (ACA), more popularly known as “Obamacare,” which began on November 1. Much to the shock of millions, many of whom falsely believed that the new “law” would make health insurance cheaper as its name suggests, rates are continuing to go up, up, and away – and in many cases, consumers now have even fewer health plans from which to choose.

According to reports, premiums are spiking all across the country, in many cases to the tune of double digits. The Obama administration recently announced that the average rate hike will end up being about 25 percent, though in some areas like Tennessee, that figure is turning out to be more like 50 percent. The result is that many health insurers are having to pull out of many of the worst affected markets, which means enrollees now have much worse coverage at a significantly higher cost.

Eric Jans, an insurance broker from Nashville, told CBS News that most of his clients had been covered by Blue Cross Blue Shield until they recently decided to pull out of the Nashville market. Rates became so high that the insurer apparently had no choice but to flee, which means Jans and his family no longer have health insurance, nor do most of his 300 clients that were covered by the insurer, a devastating blow to this subset of the working American populace.

“As of January 1, unless we jump on to something else … we’re looking at $750 a month this year to $1,100 next year,” Jans is quoted as saying.

Top priority: Repeal and Replace

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