Wednesday, July 31, 2013
You can disagree with Obamacare. You can think it is the wrong policy for the country. You can even believe, with some credence, that it will raise rates.
But stop pretending that rates were not already increasing dramatically prior to the passage of the Affordable Care Act.
As you can see from the chart above (provided by Kaiser), annual health insurance increases were far out pacing inflation. From 2000 to 2005, the average annual rate increase topped 8%.
We will soon hear "repeal" for the fortieth time in the U.S. House of Representatives. However, we will not hear what comes after and everyone should be able to agree returning to the status quo is not tenable.
Posted by griftdrift at 8:25 AM