Thanks Obamacare! Health Insurance Premiums Are Projected To Spike Dramatically Once Again In 2018

Monday, October 16, 2017
By Paul Martin

by Michael Snyder
EndOfTheAmericanDream.com
October 15, 2017

Are you ready for your health insurance premiums to go up again? Ever since Obamacare became law, health insurance premiums have been rising dramatically year after year. In 2016, one study found that the average Obamacare premium rose by about 24 percent, and similar increases have been seen all around the nation in 2017. As you will see below, large premium hikes are on tap for 2018 as well, and rates are going to continue to rise until lawmakers finally do something about this nightmare.

But even though the Republicans in Congress can’t get their act together, at least President Trump is trying to do what he can on his own…

President Trump proclaimed Friday that his goal is to dismantle his predecessor’s health care plan, hours after his administration suddenly announced that it would halt subsidy payments to insurers.

“ObamaCare is a broken mess,” Trump tweeted. “Piece by piece we will now begin the process of giving America the great HealthCare it deserves!”

Of course Democrats are in quite a panic now that the subsidy payments have been shut off.

In fact, one member of the Senate actually accused President Trump of committing “health-care arson”…

Trump’s decision, announced Friday after months of criticizing the payments as an insurance industry bailout, will throw in doubt the private insurance exchanges that are part of the Affordable Care Act. Democrats vowed to use year-end negotiations on the federal agency budgets as a leverage point to reinstate the payments, vowing to pin the political blame on Republicans if premiums skyrocket next year.

“This is the equivalent of health-care arson. He is literally setting the entire healthcare system on fire just because the president is upset that the United States Congress won’t pass a repeal bill,” Sen. Chris Murphy (D-Conn.) said on “Fox News Sunday.

The Rest…HERE

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