By increasing demand through compulsory coverage, Obama has succeeded in pushing prices sky high for his friends in the insurance industry, such as mega-billionaire Warren Buffett.
From the state of Hawai'i:
State Insurance Commissioner Gordon Ito today issued the following statement regarding HMSA’s request filed with the Insurance Division to raise premiums for individual Affordable Care Act (ACA) health plans for 2016:
“This is the highest premium increase ever requested by HMSA. The requested increase for an average of 49.1 percent for the ACA individual plan will be closely scrutinized.
“The Insurance Division will actively seek reductions to the proposed request, where possible, to ensure fairness to all parties involved.
“If medical expenditures paid out for healthcare services under the ACA individual plan are too high, the division’s ability to drastically reduce this requested increase will be limited.”Everyone who calls this an unintended consequence has not been paying attention. They want to raze the health care system in order to save it.