Monday, December 9, 2013

ObamaCare Disaster: Small Businesses Getting Screwed

Why liberals are still defending ObamaCare is just plain baffling.
From the New Jersey.com: Kim Greene warned her small-business clients that 2014 would be ugly.
But not like this.
At the start of last month, renewal notices for health plans that take effect in January began arriving at her insurance brokerage, Name Benefits in Hillsborough. And as she opened each notice, it became apparent to her just how confusing, complex and, in many cases, costly health insurance will be for small businesses next year.
“Sixty-eight percent, 43 percent, 40 percent,” Greene said as she read off the rate hikes that her small-employer clients are facing in 2014. “Wow, 70.33 percent.”
“I’ve never seen anything like this,” she said. “Before the (Affordable Care Act), the highest increase I saw was 47 percent, but it was an old plan with very rich benefits.”
A survey of insurers, brokers, and small business owners shows that while sticker shock may be hitting some employers, others actually will benefit from the new law. There are winners and losers, and just how many of each is by no means clear as of yet. But many companies will be facing substantial increases.
“They’ve been all over the map — from a 20 percent decrease to a 100 percent increase,” said Mike Munoz, senior vice president for sales and marketing for AmeriHealth New Jersey, which insures about 13 percent of the state’s small-group market.
Aetna, which also has a 13 percent market share, estimates that just under one-third of its small-group subscribers will pay the same or slightly less next year, while more than a third will get rate increases of less than 10 percent, according to spokeswoman Susan Millerick. The rest are getting rates in excess of that.
Horizon Blue Cross Blue Shield, which covers more than half of the small business market, provided representative examples of three small groups that will net savings of 7 percent to 17 percent off their premiums next year. But in an interview, officials said more than 50 percent of its small-group renewals for January will see rate increases.  http://www.nj.com/business/index.ssf/2013/12/obamacare_changes_leaves_nj_sm.html#incart_most-comments
The official name of ObamaCare is The Affordable Healthcare Act.  The Great Fraudster, President Obama, promised that people would save about $2500 a year.  For most people, that has been completely false.
For most people, there is nothing affordable about ObamaCare.
So, why do liberals continue to support the biggest fraud in United States history?

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