We The People

We The People

Monday, August 29, 2016

Massive ObamaCare Rate Hikes Are A Good Thing, White House Says | Stock News & Stock Market Analysis - IBD

Massive ObamaCare Rate Hikes Are A Good Thing, White House Says | Stock News & Stock Market Analysis - IBD:

"These are the kinds of rate hikes individuals buying insurance will see across the country, as insurers who've suffered massive losses are getting huge double-digit premium increases approved by state regulators.

Fewer choices and higher costs are not what President Obama promised when he signed ObamaCare into law.

But now, in the face of this market meltdown, the Obama administration put out a report this week that says, if anything, massive rate hikes are good for ObamaCare enrollees."