ObamaCare fallout: As premiums rise, so does cost to taxpayers

by Adam Shaw | FOXNews.com  |  published on October 26, 2016

ObamacareThe Obama administration is trying to calm the panic over soaring ObamaCare premiums by pointing to subsidies many will receive to offset the cost — but analysts and GOP lawmakers counter that those subsidies nevertheless will stick taxpayers with a rising bill.

With enrollment set to begin Nov. 1, the administration announced Monday that premiums are set rise an average of 25 percent across the 39 states served by the federally run online market. Some states, such as Arizona, will see premiums jump by as much as 116 percent.

Department of Health and Human Services officials are stressing that subsidies provided under the law, which are designed to rise alongside premiums, will insulate most customers from sticker shock.

But the rising cost of subsidies, which already totals tens of billions a year, would be passed on to the taxpayer.

“Taxpayers are already in for a lot,” Tom Miller, resident fellow at the American Enterprise Institute, told FoxNews.com. “The cost doesn’t go away, it just goes into someone else’s pocket.”

  • empty pockets

    All by design. It was “built” to fail in a certain way over time. It needed enough time forced upon us with unconstitutional and even illegal executive “decrees” to keep it alive until it was firmly enough embedded and existing alternatives diminished significantly so they were no longer an option…then it would implode…painfully and expensively. And VOILA!! The G to the rescue with the socialists’ “single payer”which is what Hillarycare was, what Obama and all the rest always wanted.

  • ONLYJB1

    Remember, we were warned! But, aca was rammed through the process and justice roberts gave it his blessing. Today we find evidence that justice roberts was given an ultimatum. And this threat is believed at the moment to have come from the muslim and chief!

  • justinwachin

    Elections have consequences. Our health care system is broken. The Obamacare scheme is more about holding it together rather than fixing it.

    On election day we have a clear choice. If Hillary is elected, the taxpayers will continue in perpetuity to get stuck with the health insurance bill of many Americans. Our national debt will grow. The resulting impact on our nation will destroy the value of a person’s savings and ultimately wipe out most pension plans.

    We have another option. Donald Trump has indicated he wants to replace the current Obamacare bureaucracy with a market-based approach. That sounds like a good idea to me.

  • Gregg Jensen

    Barack Obama = Obamacare = You have to pass it to find out what’s in it = Stool Sample.

  • Rodney Steward

    This Obamacare is a big of a scam as the global change, climate warming, no, it’s climate change, like Obamacare, the weather changes everyday, WOW, what a scam!!!

  • Webb

    Obamacare:
    Obama’s Legacy is Falling Apart, his Signature Legislation Is getting Inside of every Americans Pocket by Increased Taxes and Subsidies and HIGHER COST for Insurance…Never Trust Government For A Solution to Anything…
    VOTE TRUMP – What do You have to Lose??

  • Dan

    Obamacare alone should be enough to score a victory for Donald Trump. To watch Obama backpedal and try to escape with double talking humor when asked about the premium shock, he blames hysteria on the media. Never owns up to any mistake. Six years in the making this bill conveniently was phased in to keep this clown in office. He was never qualified to be President and neither is Hillary Clinton. VOTE DONALD TRUMP!

    • Karll

      Only a brainwashed dolt could vote for a continuation
      of the disaster or, as gruber called them, “stupid voters”.

  • Art The Fart

    It is what the people like, otherwise they would not vote for it!

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