New Report Suggests Massive Insurer Losses In 2015 On Obamacare As Healthcare Spending Explodes

Brian Blase

Rising healthcare costs are Americans’ primary financial concern. In fact, a recent survey found that 76% of Americans are concerned about increasing health insurance costs with nearly two-thirds more concerned this year than they were last year. As is now clear, the Affordable Care Act (ACA) is making the problem worse. A recent S&P Global Institute report (not publicly available) showed that healthcare spending per individual market enrollee increased by nearly 70% in the first two years after the key provisions of the ACA took effect.

According to S&P, per covered member per month (PMPM) costs increased 38% between 2013 and 2014 and another 23% between 2014 and 2015. The two-year increase (69%) is the product of the two single-year increases.

The comparable PMPM cost increase in the commercial market, which the ACA affected much less, amounted to about 11%. Assuming an 11% increase would also have happened in the individual market absent the ACA, the ACA increased individual market PMPM costs by about 58% between 2013 and 2015......To Read More.....

My Take - Okay, I would like for John Kasich to explain how this is going to impact Ohio positively!  He imposed it on Ohio against the wishes of the Legislature and now it's already turning into a financial rat hole - long before the federal money starts being taken away! 

Kasich is a numbers guy - he had to know this was going to be a disaster - yet he embraced it as a command from God, and told states all around the nation this was God's will.   

Let's understand this - Kasich is a numbers guy - that's why he rejected federal money to build a rail system from Cleveland to Columbus and Cincinnati.   He rejected it because when the federal money ran out it was going to become a major financial loss to the taxpayers of Ohio.  There was no clabber about losing Ohio's money to other states then, or getting our money back from the Federal Government.  So why then - all of a sudden the reason he rejected the rail system didn't apply to Obamacare? It's the same problem!  Federal money will run out and Ohio's taxpayers will foot the bill - to the tune of billions of dollars a year.  

So we have to conclude he lied - deliberately - and it appears he's a bad theologian and a heretic.  I think there's something wrong with his mind, and it's my view he should be impeached!