In addition and this spending is not reflected in government figures.
This is from the end of June.....
"Oregon may be the only place where state leaders are ordering consumers to pay more for health insurance. But virtually everywhere else, insurance premiums are climbing — sometimes by as much as 50 percent.
And in every case, Obamacare’s benefit mandates, taxes, fees, and onerous regulations are to blame."
"President Obama sold his law as a means to spare people from “double-digit premium increases year after year.”
"Instead, his “inartfully” named — and drafted — Patient Protection and Affordable Care Act has made the situation worse, with insurers asking for the double-digit premium increases the president promised to do away with."
Forbes Welcome
You begin to understand why all those closed door secret meeting with only insurance companies in attendance in the WH !!!
The linked article points our a number of states seeking increases in costs.....and adds...
"Increases like these, if approved, will come on top of the average 41 percent hike in rates during Obamacare’s first year.
The only reason the “Affordable” Care Act is even remotely affordable to anyone is because of the tens of billions of dollars in subsidies it hands out to about 6.4 million enrollees.
Obamacare’s backers are quick to point out that these rate requests aren’t final — and that states often dial them back.
But what they don’t say is that these rates are based on hard, historical data — actual claims experience. As insurance industry expert Robert Laszewski said, “A 35 percent rate increase is hardly going to be rolled back to 5 percent.”
Spiraling premiums are precisely what critics said would happen once Obamacare’s benefit mandates, taxes, fees, and regulations took effect.
And it still is not completely in affect yet...more to come