The Wall Street Journal reports on the gulf between the Obama administration’s rosy portrayal of Obamacare and what health insurers predict will actually happen:
Health insurers are privately warning brokers that premiums for many individuals and small businesses could increase sharply next year because of the health-care overhaul law, with the nation’s biggest firm projecting that rates could more than double for some consumers buying their own plans.
. . .
The projected increases are at odds with what the Obama Administration says consumers should be expecting overall in terms of cost. The Department of Health and Human Services says that the law will “make health-care coverage more affordable and accessible,” pointing to a 2009 analysis by the Congressional Budget Office that says average individual premiums, on an apples-to-apples basis, would be lower.
Wait … insurers say rate could “more than double” for some consumers? Who could have possibly seen that coming?
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