Obamacare premiums to soar 3 times faster than feds claim

http://www.bizpacreview.com/2015/11/02/obamacare-premiums-to-soar-3-times-faster-than-feds-claim-270087?utm_content=buffer098b2&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer


Obamacare premium costs will soar 20.3 percent on average in 2016 instead of the 7.5 percent increase claimed by federal officials, according to an analysis by The Daily Caller News Foundation.
The discrepancy is because the government excluded price data for three of the four Obamacare health insurance plans when the officials issued their recent forecast claiming enrollees would face only a 7.5 percent average rate increase in 2016.
When data for all four plans are included, premium costs will actually rise on average 20.3 percent next year. The 2015 Obamacare price hike was 2.0 percent.
The Obamacare program’s federal exchange operates in 37 states where officials declined to set up state-run exchanges.  Officials in the U.S. Department of Health and Human Services Center for Medicare Services, which manages Obamacare, only calculated price changes for the health insurance program’s Silver plan, thus ignoring data for the Bronze, Gold and Platinum plans.
The CMS officials said they did so because the IRS uses the Silver plan as a “benchmark” for tax purposes. That approach, however, gave consumers an incomplete picture of what is happening in the health insurance marketplace through the Obamacare program.

The majority of the coming price inflation will be in the form of Healthcare related needs, so if you're of the unhealthy nature its time you take stock in yourself and take a good look in the mirror, as you will not be able to afford the cost to fix whatever that ailment may be..

Stay Healthy my friends.