Obamacare premiums are set to skyrocket. From The Hill story:
Health industry officials say ObamaCare-related premiums will double in some parts of the country, countering claims recently made by the administration...
The industry complaints come less than a week after Health and Human Services (HHS) Secretary Kathleen Sebelius sought to downplay concerns about rising premiums in the healthcare sector. She told lawmakers rates would increase in 2015 but grow more slowly than in the past…“It’s pretty shortsighted because I think everybody knows that the way the exchange has rolled out … is going to lead to higher costs,” said one senior insurance executive who requested anonymity.
The insurance official, who hails from a populous swing state, said his company expects to triple its rates next year on the ObamaCare exchange.
And here’s the crazy part: The technocrats’ answer to their failure will be more technocracy. It never ends.