Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Contact Us

Praying for More Scandals

June 12, 2014 By Debbie Young

Cato Institute’s Michael Tanner explains that the twin headliners of the disgraceful Veterans Affairs scandal and the Taliban prisoner swap for Sgt. Bergdahl were actually a welcome relief to congressional democrats. Thanks to Obamacare, most of the major health-care insurers are calling for double-digit rate increases next year. And because there have been so many changes, postponements and waivers to the law, the CBO can no longer accurately estimate the cost of O’Care on the deficit.  As Mr. Tanner warns, “And the news just keeps getting worse.”

There was also bad news from the Congressional Budget Office, which announced that, in part because there had been so many changes, postponements, and waivers to the law, they could no longer provide an accurate estimate of its cost or impact on the deficit.

Of course, maybe that is honest Washington budgeting for a change. We have a great big program that’s going to spend a lot of money, but we really don’t have any idea how much. Happy days are here again.

Perhaps the worst news is coming from states where next year’s insurance premiums have already been announced. This will undoubtedly come as a big shock to anyone who hasn’t been paying attention, but the premiums are going up. A handful of small and niche insurers are requesting smaller increases, and a few have lowered rates, news eagerly seized upon by Obamacare supporters. But, in reality, most of the major insurers are calling for double-digit increases next year.

In Maryland, for example, CareFirst, the state’s dominant insurer, is proposing premium hikes of 23 to 30 percent for consumers buying individual plans next year. In Vermont, MVP Health Care has requested an average rate increase of 15.4 percent, while the only other insurer, Blue Cross Blue Shield, requested average hikes of 9.8 percent. The Ohio Department of Insurance reports that average premiums will increase by 13 percent for individual plans and 11 percent for small-business plans next year. In Virginia, insurers are seeking rate increases ranging from 3.3 percent to 14.9 percent in the individual market, while in Arizona, Cigna asked for average premium hikes of 14.4 percent and Humana requested a 25.5 percent increase. Some insurers in Washington State are seeking hikes as high as 26 percent.

Apparently we will have to wait a little longer for that $2,500 premium reduction that the president once promised.

Related video:

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Obama's Phony Scandals
  • ObamaCare's House of Cards
  • An Obamacare Mea Culpa
  • Author
  • Recent Posts
Debbie Young
Debbie Young
Debbie, our chief political writer of Richardcyoung.com, is also our chief domestic affairs writer, a contributing writer on Eastern Europe and Paris and Burgundy, France. She has been associate editor of Dick Young’s investment strategy reports for over five decades. Debbie lives in Key West, Florida, and Newport, Rhode Island, and travels extensively in Paris and Burgundy, France, cooking on her AGA Cooker, driving through Vermont and Maine, and practicing yoga. Debbie has completed the 200-hour Krama Yoga teacher training program taught by Master Instructor Ruslan Kleytman. Debbie is a strong supporting member of the NRA.
Debbie Young
Latest posts by Debbie Young (see all)
  • Sending Capitalists to the Gulag - July 3, 2025
  • Saudi Arabia’s Transformation - July 2, 2025
  • Just Don’t Call It “Obliterated” - July 1, 2025

Dick Young’s Must Reads

  • CONSTITUTIONAL CARRY: Alabama Becomes 22nd Permitless Carry State
  • When Is the Best Time for You to Do This?
  • We’ll Burn the Place Down!
  • Your Cash Swept into Your Broker’s Bank Account!
  • YOU DESERVE FREEDOM: Your Hard Work Will Make It Happen
  • “It’s My Job” Key West’s Farewell to Jimmy Buffett
  • The Problem in America
  • DIGITAL ID: You Are More than a Soulless Digital Identity
  • Feds Raid America’s Number One Patriot: Naples Florida’s Alfie Oakes
  • Making America Great Again Is What America Wants

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Happy Independence Day!
  • Survival Guy: An All-Weather Balanced Portfolio
  • A Bazooka Fired at Private Equity
  • US Trade Deficit Widens in May
  • Job Gains Light Up the Labor Market
  • U.S. Eases Chip Software Restrictions, Boosting Tech Trade with China
  • NYC, Crypto, ESG, the Haves and the Have-Yachts
  • Trump Announces Vietnam Trade Deal
  • Nuclear Surpasses Coal in U.S. Energy Mix for the First Time
  • Grand Theft Cargo: California’s Cargo Thefts Thrive

RSS Yoursurvivalguy.com

  • Happy Independence Day!
  • Survival Guy: An All-Weather Balanced Portfolio
  • A Bazooka Fired at Private Equity
  • NYC, Crypto, ESG, the Haves and the Have-Yachts
  • “Behind Every Blade of Grass”
  • Beware the ‘Democratization’ of Investing
  • Survive and Thrive June 2025: The Lay of the Land: Who Can You Trust?
  • Dividends: “Because It Works”
  • “Surrounded by an Armed Country”
  • Every Family Should Own at Least One Shotgun: Here Are Three

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives