The Healthcare Mortgage Payment

Are you ready to pay through the teeth for health insurance that you will never use, because of the high deductible?

This is from the Associated Press (not Fox or other right leaning media outlet):

Millions of people who buy individual health insurance policies and get no financial help from the Affordable Care Act are bracing for another year of double-digit premium increases, and their frustration is boiling over.

Some are expecting premiums for 2018 to rival a mortgage payment.

What they pay is tied to the price of coverage on the health insurance markets created by the Obama-era law, but these consumers get no protection from the law’s tax credits, which cushion against rising premiums. Instead they pay full freight and bear the brunt of market problems such as high costs and diminished competition.

So, what is this saying?  Basically, the insurance companies are running the system.  They are the “house” in Vegas and the house never loses.  Why is the price tied to the markets created by Obamacare?  Because they want it to.  Because it makes them the most money.  They can use the inept Congress as scapegoats and hide as they gouge Americans.  They are the same as those who raise food prices and gas prices after a hurricane or flood.  The only difference is that they get away with it.

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104350cookie-checkThe Healthcare Mortgage Payment