Health Insurance Companies Are Dramatically Increasing Premiums Due To The New Health Care Law And There Is Not Much We Can Do About It

The Economic Collapse

Wasn't the new health care reform law supposed to make health care more affordable for everyone? Well, imagine my surprise when I opened up a letter from my health insurance company recently and found out that my health insurance premiums were going up by nearly 50 percent. I am in perfect health and I have never had a single health insurance claim with this company. Unfortunately, after doing a little research, I discovered that I am far from alone. All over the United States, people are being hit with double-digit percentage increases in their health insurance premiums even as the health insurance predators continue to rake in record profits. At a time when millions of American families are barely making it from month to month, the last thing they need is to be figuratively kicked in the groin by the health insurance companies. But that is exactly what is happening.

Not that health insurance companies ever needed an excuse to raise rates, but in 2010 many of them are blaming changes in health care law for the dramatic rise in premiums.

Of course it is true that there are over a dozen new taxes on the health care industry in the "health care reform" law that Barack Obama and the Democrats rammed down the throats of the American people, and everyone should have realized that those taxes would ultimately be passed on to the consumer.

But what is also true is that the health insurance companies basically wrote large sections of the health care reform law and health insurance company stocks rose when this new law was passed.

So why is this new law so good for health insurance companies?

Well, the new health care law requires all of us to purchase health insurance from them.

We are no longer going to have the choice of opting out of their system.

We are going to be forced to buy health insurance.

And since they are all raising rates, there is no escape from the pillaging.

As the new health care bill was being debated, Obama promised that the average American family would save $2,500 in yearly premiums under the new law.

If any of you still believe that claim I have got a bridge to sell you.

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