In response to:

Sebelius Finally Admits Premiums Will Rise as a Result of ObamaCare

Steve18 Wrote: Mar 27, 2013 9:59 AM
The only things that will go down, with this now 20,000 page monstrosity, is the benefits the companies will provide, and the amount of money left in a family's working cash at the end of the month..Some insurance companies have already raised their premiums well over 50% in anticipation of the full implementation of the POS. I saw it coming a LONG time ago. Ya don't tell a company that they have to take on new customers that may not be able to pay, or may demand greater services than they can repay you for.So they will cover their losses by raising their income in any way they an insurance company's instance, lowering their value of their product, or charging more for those who actually pay. Economics work that way. And Physics.

Health and Human Services Secretary Kathleen Sebelius is finally admitting that the Affordable Care Act isn't actually that affordable. Think tanks have been warning for years about the expensive cost of ObamaCare and many have already seen their health insurance premiums rise as a result of its implementation yet, the administration has denied the bill will actually increase costs for consumers until now.

Some people purchasing new insurance policies for themselves this fall could see premiums rise because of requirements in the health-care law, Health and Human Services Secretary Kathleen Sebelius told reporters Tuesday.