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The New York Times notices that ObamaCare is causing insurance rates to soar

So much for your $2500.00 savings.

There have been plenty of stories about the ways in which ObamaCare is driving up healthcare costs. All across the country, we’ve seen double digit insurance rate hikes and soaring premiums. It’s nothing new, and conservatives have been warning that this would be the case since long before the unpopular law was rammed down America’s throat.

However, acknowledgement of ObamaCare’s failure usually comes from either right-leaning news sources, or insurance industry watchdogs.  We don’t often get it from the far-left paper of record, The New York Times:

Health insurance companies around the country are seeking rate increases of 20 percent to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected. Federal officials say they are determined to see that the requests are scaled back.

Blue Cross and Blue Shield plans — market leaders in many states — are seeking rate increases that average 23 percent in Illinois, 25 percent in North Carolina, 31 percent in Oklahoma, 36 percent in Tennessee and 54 percent in Minnesota, according to documents posted online by the federal government and state insurance commissioners and interviews with insurance executives.

Huh.  That’s weird. I thought ObamaCare was supposed to lower rates across the board.  Didn’t the President promise that the average household would see their premiums decline by something on the order of $2500.00? Certainly the New York Times must be shocked to discover that these claims were bald-faced lies, and that conservatives were right all along.

Oh Grey Lady, pray tell. Where did our promised savings go?


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