Ohio Shows ObamaCare Is Working As Intended

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Investors Business Daily:

Health Care Reform: President Obama went to California last week to declare ObamaCare is working just as planned. If he means it was intended to dramatically hike insurance costs, he's got that right.

As ObamaCare's launch date draws closer, a picture is emerging as to how it will affect insurance premiums. And that is increasingly one of sky-high premiums resulting from the law's market regulations, benefit mandates, taxes and fees.

Late last week, Ohio's Department of Insurance revealed that, thanks to ObamaCare, the average premium in that state's individual market will be 88% higher next year, and there won't be as many offerings.

"Consumers will have fewer choices and pay much higher premiums for their health insurance starting in 2014," said Lt. Gov. Mary Taylor.

In May, Rhode Island's biggest insurer, Blue Cross Blue Shield, proposed an 18% increase for individual plans, and almost 15% for small group plans. Other insurers operating in the state plan similar rate hikes.

[Casino67]

Is the idea to get premiums so high that people will demand a single-payer plan?