Kentucky ObamaCare health plans rival state pension plans for shockingly bad numbers

Frankfort Obamacrats have had to be dragged kicking and screaming into providing their long-promised transparency and today we got a much clearer understanding of their hesitation. All three of the private health insurers in Kentucky's "exchange" last year had 2014 claims far in excess of the premium dollars they collected.

Anthem actually led the way in terms of attempting to collect enough in premium dollars. Their claims totaled a mere 129.30% of premiums. Humana came in second with claims 158.56% of premiums. The dreadful Kentucky Health Cooperative is on the hook for an astounding 201.73% in claims divided by premiums.

This is why the 2016 rate increase requests keep getting bigger.

"Frankfort Obamacrats have sold themselves on the idea that we can afford to turn healthcare into an all-you-can-eat buffet for sumo wrestlers and we just can't do it," said David Adams, leading critic of ObamaCare in Kentucky. "This and Kentucky's pension mess are the fattest public policy malfeasance stories of the last century. All you have to do is look."