Obamacare State of the Union: Costs Skyrocketing, Customers Dropped
The Affordable Care Act, also known as Obamacare, is rocking the health insurance plans and premiums of Americans nationwide.
WSFA 12 News says Alabama Blue Cross Blue Shield is sending out cancellation letters to its customers and has announced it will have to cancel "the vast majority of its individual plans because they don't comply with the Affordable Care Act: for self-employed or small business insurance customers. "They are incredibly more expensive—double, sometimes triple, what customers are paying now, and the benefits don't seem to measure up," reported the Alabama news affiliate.
In New Mexico, Presbyterian Health plan customers will see an average 20% increase on its plans because of Obamacare. "Unfortunately, it sounds like almost everyone's wallet will take a hit," reports KOAT-NM.
In California, as many as 500,000 Californians could see their health insurance rates jump. "Not everybody ends up better off, unfortunately, under the Affordable Care Act," said UCLA School of Public Health Director Gerald Kominski.
In Hawaii, the Obamacare website's technical failures have resulted in zero Hawaiians signing up for the program in President Barack Obama's home state.
In Iowa, only five people have enrolled.
In Kentucky, one family's healthcare premiums tripled overnight because of Obamacare.
CBS News says the Obamacare launch has been "nothing short of disastrous."
A recent New York Times analysis found that the healthcare law "will leave out two-thirds of the poor blacks and single mothers and more than half of the low-wage workers who do not have insurance, the very kinds of people that the program was intended to help."
Obamacare will cost American taxpayers $2.6 trillion over the next 10 years, according to analysis by the U.S. Senate Budget Committee.