Wednesday, June 25, 2014

Taxpayer funded Kentucky ObamaCare insurer gouging will go largely unscrutinized

The Kentucky Health Cooperative, an insurer created solely by ObamaCare with federal tax dollars, has requested a 9.9% premium rate increase for 2015.

The Kentucky Department of Insurance, purportedly a consumer watchdog, has evolved into little more than the local muscle of an insurer protection racket and will surely rubber stamp the request.

A statement on a federal health insurance web site appears to explain a lot about the odd price increase.

The Center for Consumer Information and Insurance Oversight explains: "HHS works in partnership with states to ensure that all proposed rate increases of 10 percent or more (emphasis added) in the individual and small group market are thoroughly reviewed."