Not true. The way premiums went up was that people previously bought “catastrophic coverage” policies that, in fact, wouldn’t cover them in the case of catastrophic illness (often due to caps that made them worthless). Bogus, deceptive ripoff policies were supposed to be outlawed by the ACA but then everyone got upset by “if you like your coverage, you can keep your coverage” so that ripoffs were grandfathered in and the insurance companies could continue to steal from people under the guise of providing them with coverage. So the “premium going up” argument is largely the result of conservative pressure to retain corporate thievery.
Mar 20, 2014