This is a reposting of my weekly Da Tech Guy column: Gee, BCBS of NC Hikes Rates Due To Obamacare
By A.P. Dillon
Blue Cross and Blue Shield of North Carolina just announced a big rate hike. The reason?
Grandfathered plans will see a double-digit hike around 13.5%, but those who have plans transitioned under Obamacare are going to have a coronary. Their rates will jump anywhere from 19.2% to 25.7%.
“Affordable HealthCare Act”. ‘A Family of four will see a reduction of $2500’. Riiiight.
Triad Business Journal Reported:
Customers with so-called “transitional plans” — those plans purchased after the passage of the ACA and allowed to be continued by the Obama administration in 2013 — will see the highest jump, with an average increase of 19.2 percent.
WRAL also reported:
Blue Cross Blue Shield of North Carolina has asked state regulators for a 25.7 percent average rate increase on individual insurance plans purchased under the Affordable Care Act for 2016.
Gee, if only someone had warned the people this would happen. Oh wait.. someone did.
North Carolina Senator Thom Tillis, who beat Obamacare supporting incumbant Kay Hagan in 2014, issued a statement. In the statement, Tillis called for an ‘off-ramp’ from Obamacare:
“Today’s announcement that North Carolinians covered under the President’s healthcare law will be hit with more crushing premium rate increases is yet another confirmation that the Affordable Care Act is not affordable and is creating hardship for millions of families. Hardworking Americans deserve an off-ramp from ObamaCare to a patient-directed healthcare market that will control costs and give them more freedom to make their own healthcare decisions.”
These hikes are hitting in other states, not just North Carolina.
Tennessee has it worse, Blue Cross is spiking rates up to 36% next year. New Mexico is getting slammed with a 51% hike. In Michigan, a hike by Blue Cross of over 11% is sought, amongst other insurers that seek up to a 37% increase.
Hawaii, whose Obamacare exchange is imploding, will see a huge hike – 49%.
Wall Street Journal reports hefty increases in multiple states, the average of which is 29% or more. The Wall Street Journal also notes these hikes must be justified to the Obama administration.
Flashback to 2010: Feds fire warning shot to health insurers
Flashback to 2012: Insurance Industry Warns Of Higher Rates Due to Obamacare
Reminder, this past March, President Obama taunted those who criticized Obamacare. Gee, Mr. President, We Told You So.
A.P. Dillon resides in the Triangle area of North Carolina and is the founder of LadyLiberty1885.com.
Her current and past writing can also be found at IJ Review, StopCommonCoreNC.org and Watchdog Wire NC.
Catch her on Twitter: @LadyLiberty1885