ObamaCare, Not Trump, Is Causing ObamaCare's Massive Rate Hikes | Stock News & Stock Market Analysis - IBD

ObamaCare, Not Trump, Is Causing ObamaCare's Massive Rate Hikes | Stock News & Stock Market Analysis - IBD:

"Earlier this year, Aetna and Wellmark Blue Cross & Blue Shield announced that they were pulling out of Iowa's ObamaCare exchange, leaving only Medica, which was also threatening to leave. Not surprisingly, Medica has used its newfound monopoly status to push for increasingly higher rates, while trying to pin the blame President Trump for the increases.

The media, of course, are happy to buy into it that claim. Anything to bash Trump.
But Iowans shouldn't. Nor should anyone else in the country who heads to the exchanges later this year only to find — for the third year in a row — there are fewer choices and record-breaking premium hikes.
The seeds of today's double-digit premium increases and collapsing competition were planted long before Trump took the oath of office. In fact, they were embedded right there in the law President Obama signed in 2010."