News Flash: During the summer, before the 2014 mid-terms, premiums will double in some regions, taxes will be raised to cover increasing subsidies (used to give the allusion that healthcare is, now, cheaper) and insurance companies will be bailed out.

The Hill admits to what many citizen journalists such as I have been forecasting for two months,  now.  Because of the low enrollment  numbers,  especially as to the enlistment of the young and healthy adult population,  three  things must happen,  this year,  before the mid-terms:  One,  insurance companies will be forced to raise their rates to help cover expenses,  and, two,  bail-out money,  already cooked into the law (“they” knew this was going to be financial debacle years ago,  when they were writing the law), will be doubled and given to participating insurance companies, and,  three, Obama will raise subsidies and associated taxes, as well.  Democrats drafted the Medicare law in the mid 1960’s.  That law now owes itself 42 trillion dollars in,  what is called, “unfunded liabilities.”  That’s a debt to year ratio of 10 trillion dollars.  ObamaCare will be as bad or worse.  Certainly,  its beginnings is far worse than was the start of Medicare.     

Clearly,  New Age, Progressive/Marxist/ Democrats  should never be allowed to write financial  law or command an army. 

The Hill:

Health industry officials say ObamaCare-related premiums will double in some parts of the country, countering claims recently made by the administration.

The expected rate hikes will be announced in the coming months amid an intense election year, when control of the Senate is up for grabs. The sticker shock would likely bolster the GOP’s prospects in November and hamper ObamaCare insurance enrollment efforts in 2015.

The industry complaints come less than a week after Health and Human Services (HHS) Secretary Kathleen Sebelius sought to downplay concerns about rising premiums in the healthcare sector. She told lawmakers rates would increase in 2015 but grow more slowly than in the past.

“The increases are far less significant than what they were prior to the Affordable Care Act,” the secretary said in testimony before the House Ways and Means Committee.

Her comment baffled insurance officials, who said it runs counter to the industry’s consensus about next year.

“It’s pretty shortsighted because I think everybody knows that the way the exchange has rolled out … is going to lead to higher costs,” said one senior insurance executive who requested anonymity.