Obamacare Triples Health Insurance Cost Increases

Forbes is reporting that the federal Office of the Actuary in the Centers for Medicare and Medicaid Services has published annual projections of national health care spending showing that in 2014, the net cost of health insurance will increase by nearly 14 percent under Obamacare, compared to 3.5 percent without the law. Insurance premiums will rise at a 9.4 percent rate, versus 5 percent without Obamacare, an 88 percent difference.

Forbes contributor Avik Roy concludes that, rather than "bending the cost curve down" as Obamacare's supporters promised, the law simply "doubled down on a failed system of subsidies, mandates, and controls."

Meanwhile, CapCon reports that Michigan is creeping closer to creating a state Obamacare "exchange."

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