Instead of attributing the losses to the federal law -- the Patient Protection and Affordable Care Act -- the headline read: "Big premium increase requests show volatility in health care market."
Health care act ? What health care act? The newspaper's fine staff of grammarians, fact-checkers and headline writers could not be honest enough and tell it like it is. That is because liberals are watching the collapse of socialized medicine in America. Hawaii's once superb single-payer system has become the most expensive in the world. Obamacare has forced Vermont to abandon ship on its plan to implement single-payer health insurance.
From the Minnesota newspaper:
Higher rates on that coverage would help close the gap, though the size of the increases will attract attention amid scrutiny of the effects of the Affordable Care Act. If regulators were to approve the full amounts, average premiums would increase by more than 50 percent for about 179,000 people, and by more than 10 percent for another 60,000.
Insurers say they are making adjustments now that they have more experience under the health care law, which will cover a chunk of first-year losses.
“This just shows the volatility that we’re experiencing in the first few years of the Affordable Care Act,” said Lynn Blewett, a health policy expert at the University of Minnesota. “Eventually, it will work itself out into a more stable market.”
Observers say the proposed increases are driven largely by factors that are unique to the individual market, and don’t point to similar jumps for employer groups and government programs that cover roughly 90 percent of Minnesotans.
But the individual market, which includes the state’s MNsure exchange, grew by about 53 percent last year to about 292,138 people, according to the Minnesota Council of Health Plans. Low rates that some people initially found on MNsure have already started to go away.A 53% hike in MNsure despite huge federal subsidies? Affordable care is becoming too expensive.