Obamacare premiums soar as much as 78%

Here's how it works.

1) the poor are subsidized for their health insurance which covers some but not all the costs.

2) They visit their doctor, who is greatly underpaid for his services.

3) The doctor sends a bill for services rendered to the patient - because they have to meet their deductible before the insurance kicks in.

4) The patient doesn't pay the bill.

5) The doctor gets nothing for his services - you can't squeeze money out of someone without any.

6) The doctor drops out of ObamaCare.

Rob

 

Here's How it Works (part 2)

Two years ago the Obama administration makes promises to the health insurance companies that he's going to bring in 10 million new customers once ObamaCare kicks in. He puts pressure on the companies to keep rates neutral for the first year (or perhaps decrease them slightly).

Nowhere near 10 million new people are insured, causing the insurance companies the need to raise rates to cover for the past year and the next year rate increases.

Obama convinces them to withhold on announcing their rate increases in 2014 until after the election. After the election people will be fainting after they see their new rates.