Obamacare Sticker Shock Arrives: Insurance Premiums To Soar 20-40%, by Tyler Durden

So much for families saving, on average, $2500 per year on insurance—another Obama lie. From Tyler Durden at zerohedge.com:

Two months ago, we outlined why the CPI-boosting Affordable Care Act is on the verge of bankrupting that all important driver of the US economic growth engine — the American consumer.

Put simply, inflation in medical care services costs hadn’t yet reared its ugly head because many insurers were as yet unable to gauge the full base-effect impact of Obamacare on their P&L. That, we said, was about to change: “After finally digesting the true cost of Obamacare, any recent insurance prime hikes will seem like a walk in the park compared to what is coming.

To continue reading: Obamacare Sticker Shock Arrives

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