The non-partisan Society of Actuaries last week said that because of Obamacare, insurers could pay an average of 32% more for medical claims. Those costs will be passed onto those who buy insurance on the individual market in the form of dramatically higher premiums.
The new report is further proof that this law is failing to deliver on its promises --and that the opponents were right to be skeptical. According to the new study, medical cost increases in my home state of Kentucky could be as high 34%. In states such as Wisconsin and Ohio, the actuaries predict an 80% increase. This will be a crushing financial blow to hardworking families across the country who are just scraping by as it is.