ObamaCare enrollees' high claims — nearly double those of other beneficiaries — are driving insurers into the red, which is likely to cause large premium increases next year, a new study reports.
Next year, nearly 100,000 Coloradans are poised to lose their ObamaCare exchange insurance, and those who don’t lose it may face premium hikes as high as 40 percent, according to a preliminary report from the Colorado Division of Insurance.
The Supreme Court issued an opinion on May 16 announcing that it would not rule in the case of Zubik v. Burwell, a highly publicized legal challenge presented to the High Court challenging the ObamaCare contraception mandate.
The FDA recently announced that certain antibiotics it approved have "disabling and potentially permanent serious side effects," adding fuel to a lawsuit alleging that a former FDA commissioner suppressed information about these side effects for personal gain.
ObamaCare exchange premiums are set to rise significantly on November 1, just one week before the election, a coincidence that worries Democrats.
Insurers, losing millions on the ObamaCare exchanges, want large premium increases or they may withdraw from the exchanges.
A ballot initiative in Colorado would replace ObamaCare with what supporters are calling ColoradoCare — and double the state's budget in the first year.