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IPFS News Link • Obamacare

Obamacare To Unveil "Price Shock" One Week Before The Elections

• http://www.zerohedge.com,

"I think a lot of insurance carriers expected red ink, but they didn't expect this much red ink," said Greg Scott, who oversees Deloitte's health plans practice. "... A number of carriers need double-digit increases."

It gets better.

One week ago Marilyn Tavenner, who until January 2015 ran the federal Centers for Medicare and Medicaid Services, aka the massive Federal agency that oversaw the rollout of Obamacare and the disastrous implementation of HealthCare.gov and who is now as an insurance lobbyist, said she sees big jumps in Obamacare insurance premiums.

Translation: insurers are not making money, and they need to make money or Obamacare is doomed. Which means even more dramatic rate hikes are about to be unveiled. However, it's not the what but rather the when that is the shock. And, as Politico reports, the timing could not possibly come at a worse time for Democrats.


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