Health care costs could skyrocket

HouseGOP2013 General Election, Health Care, Issues

Even Democrats are saying it — Obamacare is a train wreck.

New parts of the law are beginning to take effect and the consequences aren’t far behind. The Wall Street journal reports that health insurance costs are set for a big-time jolt when the law is fully implemented.

Healthy consumers could see insurance rates double or even triple when they look for individual coverage under the federal health law later this year, while the premiums paid by sicker people are set to become more affordable, according to a Wall Street Journal analysis of coverage to be sold on the law’s new exchanges.

The exchanges, the centerpiece of President Barack Obama’s health-care law, look likely to offer few if any of the cut-rate policies that healthy people can now buy, according to the Journal’s analysis. At the same time, the top prices look to be within reach for many people who previously faced sky-high premiums because of chronic illnesses or who couldn’t buy insurance at all.