The dems own this steaming pile of crap no matter how you slice it. 900 pages of "pass it so you'll know what's in it". 100% down party lines. Right? The only reason the fucks took so long to pass it was for their perks.
The reason the repubs can own it now is that they're stupid.
But you're getting yours. Right? While I get fucked. New Hampshire's calling.
So, what you're saying is you have no idea why ins. premiums went up drastically except the hearsay you've taken as fact, eh?
Here's a bit of why it happened with historical background:
The Medicare drug plan program started under President Bush in 2006. Today, competition there is vigorous, rates are lower than estimated and enrollees are satisfied. In other words, the market works well.
Why? The legislation offered well-established methods to reduce risk. For example, it built in protections for insurers who enrolled especially sick people. It also provided backup payments for very high-cost cases and protected against big losses and limited big gains in the first three years.
The ACA gets passed with these same methods to reduce risk...create large pools of insured, backup payments for high cost cases, protect against big loses, limit gains...all for the first few years of the ACA.
Instead, the Repubs. went after the ACA because, the best I can determine, Obama. No other rational reason. Anyway, when the time came to pay up for risk reduction in the Obamacare exchanges,
Congress reneged and paid only 12% of what was owed to the insurers. So, on top of the fact that the companies had to bear the risk of unknown costs and utilization in the startup years, which turned out to be higher than they expected, insurers had to absorb legislative uncertainty of whether the rules would be rewritten.
It is no wonder that this year they have dramatically increased premiums, averaging 20%, to compensate for the extra risk they didn’t factor into the original lower rates. In contrast,
underlying health costs are rising at about 5%.
I'll bet you never wondered why the premiums went up, just that Obama is somehow responsible because it was "badly written and inept" or some such drivel. Fact is, if the Repubs. had supported the ACA like they did the 2006 Medicare Prescription Drug legislation and allowed it to function like it was designed, you most likely wouldn't have been fucked...at all.
But instead, blame Obama for the actions of the Repubs. who really created the mess.