L.A. Times: ObamaCare Hits Middle Class With 30% Premium Spike
In his two successful presidential campaigns, Barack Obama won the State of California by huge margins. Now, according to the LA Times, the bill is coming due and it is socking middle class Californians in a brutal way. Not only are thousands losing the health care plans Obama promised they could keep, but the average middle class premium will spike 30%:
Thousands of Californians are discovering what Obamacare will cost them — and many don't like what they see.
These middle-class consumers are staring at hefty increases on their insurance bills as the overhaul remakes the healthcare market. Their rates are rising in large part to help offset the higher costs of covering sicker, poorer people who have been shut out of the system for years. …
But middle-income consumers face an estimated 30% rate increase, on average, in California due to several factors tied to the healthcare law.
This rate spike blindsiding the middle class is really nothing more than a tax increase to pay for Obama's goal to give everyone health insurance. Moreover, it is a brutal tax on those Obama said he would never increase taxes on: the middle class.
In our shrinking economy where only Wall Street has benefited from Obama's policies, the last thing the middle class can deal with now is a 30% spike in their already-high health insurance premiums.
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