Monday, October 28, 2013

CBS: Millions of cancellations and skyrocketing costs the big problem of ObamaCare « Hot Air

CBS: Millions of cancellations and skyrocketing costs the big problem of ObamaCare « Hot Air: "Two points. First, her subsidies won’t come to $500 a month, which is about the difference between the two plans. Second, subsidies don’t come off of the Subsidy Tree Forest. Those funds come out of taxes, either directly on taxpayers or on health care providers and manufacturers — and those costs get passed onto consumers.

Just as we all predicted, the so-called Affordable Care Act didn’t bend the cost curve downward — it has twisted it sharply upward.  That will only become more apparent when the website issues are fixed, and it’s why the system will incentivize the young and healthy to stay out of the exchanges, which will only accelerate premium increases."

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