Premiums Will Go Up

…and you may not be able to keep your plan. But what would the head of Aetna know?

And I’m sure that this is completely unrelated:

Americans have a pragmatic sort of optimism in adversity, and after ObamaCare’s passage, I figured that would take the form of a “wait and see” attitude. Democrats made a lot of promises about this legislation, and there would be some impulse to wait to see how this bill fulfills or fails them.

Certainly, Democrats in office had hoped for that kind of response, but thus far, they’re not getting it. That may be due to some of the unpleasant details that the media have finally reported. Businesses are having to take big charges on lost tax credits, and promises over pre-existing condition treatment raised expectations to unrealistic heights. Instead of making lives easier, the bill has already made lives more complicated.

The real test will come in Rasmussen and other polling around September. If 54% of people still want it repealed — and that opposition has remained relatively unchanged for the last several months — then Democrats won’t have anywhere to hide.

Wind sowing now. Whirlwind reaping in November.

[Update a while later]

Congressional (dis)approval ratings have approached the levels last seen in late October, 1994. Remember what happened a few days later? And it’s only March…

18 thoughts on “Premiums Will Go Up”

  1. Gee, and with all those statists assuring us everything would be okay. I mean, if you can’t believe people whose political philsophy is essentially legalized pickpocketing, who can you believe?

    Aetna must be racist.

  2. “The real test will come when the Republicans explain what they mean by the ‘replace’ part of ‘repeal and replace'”

    They could surprise everyone and say “We want to replace statism with liberty.” But nah; that’s just crazy talk.

  3. “They could surprise everyone and say “We want to replace statism with liberty.””

    “And by replace statism with liberty, we mean spending more on Medicare and taking control of tort law away from the states and giving it to the Federal government”

  4. The legislation empowers the government to determine when premium increases are “unreasonable” — and basically to screw any insurance companies that disagree by preventing them from selling insurance. Is raising premiums to pass tax increases along to your customers “unreasonable”? WWBFD? [What Would Barney Frank Do?]

  5. It’s funny how we keep defining “adult” down. Under the new law, a “26 year old child” is able to stay under his/her parents’ insurance plan. But watch out when they have to finally grow up and get insurance!

    Health premiums could rise 17 pct for young adults

    Health insurance premiums for young adults are expected to rise about 17 percent once they’re required to buy insurance four years from now. That estimate is from an analysis by Rand Health.

    Young people will need to carry more of the burden of health care under the new health overhaul law. The new law limits an industry practice of charging older customers more.

    This is the payback young voters get for supporting Obama 2:1 in 2008. That and a lifetime of higher taxes and diminishing career prospects due to the crushing debt being created right now. If it weren’t for the fear for my young grandchildren’s future, I’d find it funny.

  6. Any way you look at it, the hope that Democrats had that this issue would go away anytime soon (like before the 2010 and 2012 elections) is gone. Between the Waxman hearings, and premiums going up (and the fight with the feds that goes with it), it doesn’t look like that will happen. How supposedly smart people could have gotten themselves in this situation is beyond me. I mean the “good” parts don’t happen until after 2012, while the bad (as in costing consumers money) parts start right away. Talk about your perfect storm.

  7. Oooo, I see a very ugly side to the “we only tax rich people”. With copious inflation, a lot of people could suddenly be “rich” as defined by the government. Depends whether government decides to adjust those brackets for inflation or not. But as the story says it doesn’t look like they’ll do so for the $200k and $250k threshold mentioned therein. The rigid tax structure combined with copious inflation (which might not be accounted for in the consumer price index), could completely change effective US taxes over the next couple of decades.

  8. What members of the Democrat Party seem to forget is that many company’s open enrollment for health insurance is in October. At that time, you are shown a table comparing what you have now with what is available.

    I work for a large aerospace and defense company, which has a wonderful Blue Cross Blue Shield health plan. We were notified several months ago that the coverage would change drastically, and not for the better, if the plan as it seemed to be shaping up were to pass.

    I have a feeling that there is going to be much more immediate — and justified — rage going into the November elections than there is right now.

  9. IIRC, the opening line in one of the better books about FDR and the Depression reads ‘How could such obviously bright, caring people have gotten it so wrong?’

    Deja vu all over again…

  10. Oooo, I see a very ugly side to the “we only tax rich people”. With copious inflation, a lot of people could suddenly be “rich” as defined by the government.

    Revolutions tend to be like that. A lot of people in France lost their heads when the revolutionaries decided they had counter-revolutionary tendencies, regardless of whether they were monarchists or not. Ditto Russia of the Bolsheviks, Cambodians in Year Zero, and many others. Given Obama’s mentors and indoctrination, we should all be thankful if this national carjacking stops at mere armed robbery.

    BBB

  11. Oooo, I see a very ugly side to the “we only tax rich people”. With copious inflation, a lot of people could suddenly be “rich” as defined by the government.

    Yes, much in the same way that “this plan won’t cover people who are here illegally” is a “true” but trivial assertion now that amnesty is back in the works.

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