Dramatic Drop in Health Insurance for the Self Employed – ObamaCare Draws Cheers! (Just kidding)
For the self-employed only five states have announced their new health-insurance premium rates and in all but one the rates are higher than what people pay now. Plan for a 15 percent increase in your health-insurance premium, says one self-employment expert.
Wait, wait, wait, … I thought ObamaCare was going to lower my insurance cost, what’s with the increase? Well Bunky, you see it’s like this, many people who previously didn’t have health insurance invariably had a major pre-existing medical condition that also made them unsuitable for conventional employment with health benefits, therefore they gravitated to being self-employed and it’s this pool of people with high healthcare costs that is driving up your insurance premium. This is the way it works, it’s always cost divided by the number of insured that equals the premium….even under ObamaCare.
P.S. This timely comment just came in from “More Common Sense: I certainly hope the GOP holds the line and does not compromise. This is a battle over an incredibly destructive law. I received a letter from Blue Shield yesterday. Beginning January 1 the health insurance plan I have will cease to exist. The plan that replaces it is not as good but will cost me 68% more per month.”