Obamacare health plan to cost 60 percent more in Texas

Washington Examiner:
The largest health insurer in Texas wants to hike premiums for Obamacare plans by nearly 60 percent, the latest evidence that consumers may see steep cost increases this year under President Obama's healthcare law.

Blue Cross Blue Shield of Texas has requested hikes it says could affect nearly 603,000 Texans buying health plans through healthcare.gov, the insurance marketplace set up under Obamacare. The rates have yet to be finalized and Blue Cross could choose to ramp them down, but the Obama administration lacks the authority to force the insurer to do so.

The rate hike was announced as insurers in other states are also requesting double-digit increases that are larger than those seen in previous years, in part because next year they'll no longer receive extra federal funds to help them pay for sicker, more expensive customers.

Because insurers can no longer deny someone coverage due to their pre-existing condition, many are arguing they have an influx of patients with more expensive healthcare needs in the Obamacare marketplaces, prompting some, including United, to withdraw from the marketplaces completely.
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Who could have seen this coming?  Well, just about anyone who can do math.  That apparently excludes the Democrats who voted for this mess.  Obama's claim to reduce the cost of health insurance has been proven wrong once again.  Liberals seem to think that his false statements when he was pushing for passage of this law are funny.  Those having to pay the price, not so much.

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