Obamacare Clusterfuck: Some premiums to double in 2014
Health industry officials say ObamaCare-related premiums will double in some parts of the country, countering claims recently made by the administration.
The expected rate hikes will be announced in the coming months amid an intense election year, when control of the Senate is up for grabs. The sticker shock would likely bolster the GOP’s prospects in November and hamper ObamaCare insurance enrollment efforts in 2015.
"... I think everybody knows that the way the exchange has rolled out … is going to lead to higher costs,” said one senior insurance executive who requested anonymity.
The insurance official, who hails from a populous swing state, said his company expects to triple its rates next year on the ObamaCare exchange.
The hikes are expected to vary substantially by region, state and carrier.
Swing state, eh? The administration had better come up with a way to sweeten the pot for whoever this "official" (!!) represents, eh?
Meanwhile, the effects -- as usual with ObamaCare -- are going to be random. Some universal program!