Within the insurance industry:  Q1 (Jan-March) cost/expense/enrollment information is collected.  Q2 (April-June) calculations are made to costs (projections) for the following year.  In Q3 (July-Sept) those projections become “premium rates” and are presented to State Insurance regulators for review and notification.   In Q4 (Oct-Dec) the customer (YOU) are notified of the new rate.

What you are seeing now in Q1-2014 are the cost projections, the raw data, being collected and recording an astonishing reality.  And Insurance executives warning that based on current data collection – Q2’s calculations will necessarily skyrocket.

Doctor ObamaTrying to stop the publicity of this is why Obama DID THIS.  He’s trying to buy time by saying the feds will ramp up payments to insurance carriers – so please don’t tell people their rates are going up.  

WASHINGTON DC – Health industry officials say ObamaCare-related premiums will double in some parts of the country, countering claims recently made by the administration.
The expected rate hikes will be announced in the coming months amid an intense election year, when control of the Senate is up for grabs. The sticker shock would likely bolster the GOP’s prospects in November and hamper ObamaCare insurance enrollment efforts in 2015.
The industry complaints come less than a week after Health and Human Services (HHS) Secretary Kathleen Sebelius sought to downplay concerns about rising premiums in the healthcare sector. She told lawmakers rates would increase in 2015 but grow more slowly than in the past.
“The increases are far less significant than what they were prior to the Affordable Care Act,” the secretary said in testimony before the House Ways and Means Committee.
Her comment baffled insurance officials, who said it runs counter to the industry’s consensus about next year.
“It’s pretty shortsighted because I think everybody knows that the way the exchange has rolled out … is going to lead to higher costs,” said one senior insurance executive who requested anonymity.
The insurance official, who hails from a populous swing state, said his company expects to triple its rates next year on the ObamaCare exchange.
The hikes are expected to vary substantially by region, state and carrier.  (read more)

Here’s how Obama is trying to hide the reality:

bumper sticker free obamacareWashington DC – John Q. Public got his pockets picked last weekend by ObamaCare  bureaucrats.
In a sneaky and illegal maneuver after close of business Friday, the Obama administration proposed a new rule increasing bailout protection for insurance companies that sell ObamaCare  exchange plans. The rule –using taxpayer money, of course — is designed to protect the companies from losses.
It’s illegal, because no president, including Obama, has the constitutional authority to rewrite the laws. The president’s sworn duty is to “take care that laws are faithfully executed.”
The Affordable Care Act, as written and enacted in 2010, contains a bailout provision, Section 1342. It makes insurers whole for losses they were certain to incur by virtue of offering “affordable” plans.
Such losses were inevitable, because ObamaCare  rules make it impossible for an insurance company to offer “affordable” plans and still cover costs. The premiums have to cover a long list of mandatory benefits, as well as $100 billion in taxes that the law imposes on insurers over the decade. Most significantly, the premiums have to cover the cost of caring for seriously ill people for the same price as healthy people.
Every state that tried this community rating scheme (including New York ) has seen premiums soar as the healthy, unwilling to foot the bill, stop buying insurance.
The bailout provision was inserted in the law by design to encourage insurers to set premiums too low. That helps the law, and its Democratic backers, look good. It was deception from the start, and a real effort to make a fatally flawed scheme appear as if it is providing affordable health plans.  (link)

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