In case you have not been paying attention, the rates for all health insurance are going up at an ever increasing rate. Due to the passage of Obamacare and the provisions mandated by the federal government, the rates must go up to keep up with the potential losses for the insurance companies. Since beginning in 2011, there are now no limits on policies and how much a single person can cost an insurance policy. While in the recent past, the states were allowed to put up their own standards for health insurance coverage and that also meant setting a life time limit amount for an individual policy. Most states had mandated at least a one million dollar lifetime maximum per person, while other states, such as Arizona would allow for a minimum of $2 million dollars per policy and in some cases, some companies were willing to offer up coverage for up to $5 million per person. That has all changed now.
This is going to be the death sentence for the health insurance industry unless the bill known as Obamacare can be repealed. When you can have one person with aids who has lived a lifestyle of debauchery, drugs, or excess not have to purchase health insurance until they get sick, and then there will be no limit to how much the insurance companies have to pay out for that persons care, it is only a matter of time before the rates for existing policyholders will go through the roof. When this happens, many people will be forced to drop their coverage since they will not be able to afford to keep it. Fewer people paying their monthly premiums means less revenue for the insurance companies to pay current health insurance claims. This is the plan for Obamacare to kill the insurance industry, leaving only an inefficient government run health care plan in place.
Can you name one thing the government runs efficiently? Obamacare is simply a simply a funnel to single payer health care system or a government run system. Obamacare needs to be repealed.