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Wednesday, 11/01/2017 7:32:07 AM

Wednesday, November 01, 2017 7:32:07 AM

Post# of 122337
https://finance.yahoo.com/news/obamacares-rising-premiums-hurt-middle-080015958.html

Richard Taylor is one of the people on the wrong end. The 61-year-old, self-employed Oklahoman

Four years ago, annual premiums for a mid-level “silver” plan to cover his family totaled $10,072.44. For 2017, they were $21,392.40—up 112 percent.



Well....now Richard you get to pay what everyone who doesn't qualify for ACA coverage has been paying all along. So suck it up and pay up.

For people who don’t get subsidies, “you’re looking at eye-popping rates, almost across the board really,” said Nick Gerhart, a former Iowa insurance regulator. “You’re going to have a lot of rate shock.”



Yup....welcome to the exclusive no subsidy health insurance club.

When Obamacare was passed, Marcus said his clients who had pre-existing conditions and previously couldn’t afford insurance were “very happy because they got the Rolls-Royce plan for 100 bucks.” He said for those without subsidies to cover rising premiums, the plans’ costs have become unmanageable. “The only people who are happy” now are those receiving subsidies, he said.



Well sure, when other taxpayers are underwriting virtually the entire premium anyone would be "happy". Welcome to having to deal with the "unmanageable". Many people have been dealing with the "unmanageable" all along.

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