RATE SHOCK: Obamacare causing 539% increase in health insurance costs for Texans (see proof)
by Mike Adams
Tuesday, October 29, 2013
It is crucial for the White House that the Healthcare.gov website continue to fail, because once the site actually starts functioning, Americans are going to be hit with such devastating rate shock that the Obama administration may never recover.
Obamacare is named the “Affordable Care Act,” after all, and the President promised the rates would be “as low as a phone bill.” But I just received a confirmed letter from a friend in Texas showing a 539% rate increase on an existing policy that’s been in good standing for years.
As the letter reveals (see below), the cost for this couple’s policy under Humana is increasing from $212.10 per month to $1,356.60 per month. This is for a couple in good health whose combined income is less than $70K — a middle-class family, in other words.
That’s a 539% rate increase!