Friday, June 17, 2016

Raising Taxes As Standard of Livings Decline Meaning Plenty of Finger Pointing In Years Ahead

Skyrocketing health care costs as quality of care declines across the board through the inefficiencies of big government is all part of the shifting confidence of the majority in government from "Save Us" to "I wouldn't trust these guys to run my kids' corner lemonade stand." Raising taxes as standard of livings decline, the reduction of disposable income as quality of life contracts under the weight of public sector inefficiencies, will lead to plenty of finger pointing, frustration, and possibly social disorder as the global economy enters full-blown liquidation in 2017. I'm not sure which is scarier, the growing probability of these events materializing in late 2016 and 2017, or the failure of the majority to even recognize trouble ahead. The majority is even more 'unpredictable' when surprised.

Headline: Consumers could be facing biggest increase in ACA health premiums next year

Premiums for health plans sold through the federal insurance exchange could jump substantially next year, perhaps more than at any point since the Affordable Care Act marketplaces began in 2013.

An early analysis by the Kaiser Family Foundation shows that proposed rates for benchmark silver plans — the plans in that popular tier of coverage that determine enrollees’ tax subsidies — are projected to go up an average of 10 percent across 14 major metropolitan areas.



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