Dear Policy Patriot, I hate to say I told you so, but... guess what? The predictions the NCPA made on the new health care law are, sadly, coming to pass. For instance, although the cost of health care has increased at a slower rate than in previous years, premiums for health insurance and the share of premiums used for purposes other than paying claims have been increasing faster than in previous years. That's not exactly what was promised, is it? In fact, it is the opposite of what was promised. What went wrong? In a nutshell, there are two reasons ObamaCare has caused premiums to spiral out of control. First, some of the law's anti-competitive "consumer protections" took effect in September, 2010, especially eliminating pre-existing exclusions for children, coverage of preventive health services and extending dependent coverage for young adults up to age 26 on their parents' plan. Second, choice and competition are disappearing from the marketplace as insurers retreat, especially from small-group markets. Read more about the details here. I hate to say it, but things are just going to keep getting worse unless something is done about this ill-advised law. Thanks for your support! Richard W. Walker Chief Operating Officer |
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