Healthcare Premiums Will Soar
Dick Morris says batten down the hatches and your wallets, and prepare for an enormous increase in healthcare premiums in 2014. Morris adds the average increase will be in the 40-60 percent range and, in some cases, will double and triple.
“The reason for the increase in premiums is first of all, fewer young people have signed up for Obamacare and therefore the risk pools are much more costly than the insurers thought when they originally made their estimate,” Morris says. “Secondly, the federal government has cut the subsidy to insurance companies. Also, the insurance companies low-balled the premium estimate when Obamacare started because they wanted to sign people up.”
In this episode of Dick Morris Reports, Morris explains the ramifications of the fiasco going forward.
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