First, health insurance costs (from the WSJ):
Health Insurers Seek Hefty Rate BoostsEmergency Room Visit Reductions (from USA Today):
Major insurers in some states are proposing hefty rate boosts for plans sold under the federal health law, setting the stage for an intense debate this summer over the law’s impact.
In New Mexico, market leader Health Care Service Corp. is asking for an average jump of 51.6% in premiums for 2016. The biggest insurer in Tennessee, BlueCross BlueShield of Tennessee, has requested an average 36.3% increase. In Maryland, market leader CareFirst BlueCross BlueShield wants to raise rates 30.4% across its products. Moda Health, the largest insurer on the Oregon health exchange, seeks an average boost of around 25%.
All of them cite high medical costs incurred by people newly enrolled under the Affordable Care Act.
Contrary to goals, ER visits rise under ObamacareThree-quarters of emergency physicians say they've seen ER patient visits surge since Obamacare took effect — just the opposite of what many Americans expected would happen.Ending the tragedy of lack of insurance? According to the widely quoted Kaiser Family Foundation survey on the uninsured the rate of uninsured will go from 17.87% to 14.22%. So we wrecked the entire insurance market in America for 3.66% of the population and still left four times that number uninsured? Another way of saying it is that only about one in five uninsured got covered. That's disgusting. The whole bill is disgusting.
What You Should Be Reading: