Wednesday, June 03, 2015

Kentucky Death Spiral: Biggest ObamaCare insurer seeks 25% rate hike

The Kentucky Health Cooperative was created with tax dollars under ObamaCare and kept afloat with subsequent grants of millions more. Now they want a twenty five percent average premium increase for 2016, according to Ronda Sloan of the Kentucky Department of Insurance.

This information came after repeated requests made to the Department of Insurance to divulge premium information the Obama Administration appears to be sitting on.

"I'm still waiting to see their official filing because this 'average' rate increase language looks a little fishy," said David Adams, leading opponent of ObamaCare in Kentucky. "Obamacrats have been consistently untrustworthy and slow to tell the whole truth since the beginning of their health reform debacle, so I won't be surprised at all if it is even worse than we are being told."