Covered California announced this week that its 2018 rates will increase about eight times faster than the rate of inflation, as the Obamacare law and the state’s liberal legislature continue to destroy private insurance in California.
Despite the latest United States Department of Labor Consumer Price Index for the month of June estimating that inflation rose by only1.6 percentover the last twelve months, Covered California, Obamacare for the state, just announced that the average health insurance premiums on the California insurance exchanges wouldrise by 12.5 percent, or about 7.81 times faster than the rate of inflation.
Covered California’s spiking prices are actually a relative bargain compared to the even worse Obamacare price increases insurers are about to extract across the rest of the nation. The Wall Street Journal recently reportedthat “big insurers in Idaho, West Virginia, South Carolina, Iowa, and Wyoming are seeking to…
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