>
http://www.businessweek.com/articles/2014-08-12/dire-obamacare-prediction-falls-hilariously-flat?campaign_id=DN081214I've decided to be charitable today and offer help to those less fortunate. In this case, anyone who thinks the points in this article are valid.
The president has changed/delayed the timeframe of key elements of the statutes, so as not to coincide with the 2014 mid-term elections. Many of the predictions referenced in the BW article were before the president started changing the laws for political expediency.
As for the premiums, most of the major actuaries are projecting two rounds of significant increases to premiums between the fall of this year and early spring of 2015. That doesn't include the recent 7.5% (and remember, the promise from the president was that they wouldn't increase a penny). And remember, that 7.5% is just an average. In some states it's double digits.
Investors Business Daily is reporting a large drop in people paying premiums. Notice how the White House has been tight-lipped about enrollments. Regardless, there's confirmation that Senior White House Advisors (mainly Valerie Jarrett) have been brokering bailout deals with insurance companies. An estimated 80% are expecting some kind of risk corridor payment to cover their losses on Obamacare-compliant plans. When the employer mandate eventually kicks in, you're going to see chaos.
