"The rate increase will positively impact the plan’s experience with the historical experience reflecting a ratio of earned premium of $173.2 million to total paid and incurred claims of $349.4 million for 2014," the Cooperative said in its Insurer's Rate Increase Justification filed with federal officials but scrubbed from the Kentucky Department of Insurance web site.
The Kentucky Department of Insurance responded that critics were "talking about rate changes in a vacuum" and added that most Kentuckians on ObamaCare are getting federal subsidies and therefore shouldn't be concerned about real costs.
"It's another embarrassing episode in one of the most bizarre displays of nonsense the world has ever seen," said ObamaCare opponent David Adams. "I wouldn't trust these people to run to the gas station for a Slurpee and we are throwing billions of dollars at them. It has to stop."
