CA Insurance Commissioner Admits ‘Affordable Care’ Costs 55% More

As someone who saw his monthly health insurance premium double from $780 in 2013 to $1,460 this year, I was interested to see how long it would take for California’s Democrat leaders to fess up that there is nothing affordable about their version of the Affordable Care Act (Obamacare).

Facing political shock and awe as ten million working Californians are soon to get notices of big insurance premium increases for next year, Democrat Insurance Commissioner Dave Jones admitted July 29th that rates for individuals that enrolled in Covered California jumped by an average of 55% last year.

Patrick Johnston, Chief Executive Officer of the California Association of Health Plans, said last year just before the launch of Covered California, “The arithmetic is inescapable.” Costs must be spread, so while some consumers will see their premiums drop, others will pay more – “no matter what people in Washington say.”

After two years of swearing that Covered California would save money for working state residents, Insurance Commissioner Jones in a news conference said, “The rate increase from 2013 to 2014, on average, was significantly higher than rate increases in the past.” He eventually got around to admitting that “significantly higher” meant average healthcare insurance premium increases of 22% to 88%.