AND IT’S ONLY GOING TO GET WORSE …
|| By FITSNEWS || Consumer prices rose by their highest level in more than two years last month – putting additional pressure on tapped out consumers. The core consumer price index (CPI) climbed by 0.3 percent in April – its biggest jump since January 2013. Driving the hike? Obamacare.
According to new data (.pdf here) released by the U.S. Bureau of Labor Statistics (BLS), the nation’s medical care index rose by 0.7 percent last month – it’s biggest increase since January of 2007.
Surprising? Of course not … we’ve been screaming this for months.
And guess what: The worst is yet to come …
“After finally digesting the true cost of Obamacare, any recent insurance prime hikes will seem like a walk in the park compared to what is coming,” the website Zero Hedge warned.
Insurers in four states – Maryland, Oregon, New Mexico and Tennessee – recently announced rate hikes ranging from 25 percent to 51.6 percent. Each provider cited “high medical claims from plans they sold over insurance exchanges,” according to The Wall Street Journal.
Exactly … as Obamacare fully implements, exactly what we said would happen is happening: Expensive is getting “expensiv-er.”
Years ago, we warned that U.S. president Barack Obama‘s socialized medicine monstrosity would be disastrous for the American economy – and we were right (see HERE, HERE and HERE). As a candidate in 2008, Obama projected annual savings of $2,500 per family by the end of his first term in office – only to close out his first four years with a $2,400 increase in insurance costs.
In other words, his campaign promise was about as accurate the oft-repeated “if you like your health care plan, you can keep it” promise.
And again, the real damage is yet to be done … unless of course the U.S. Supreme Court steps in and (at long last) holds this monstrosity to account.