It has been nearly a decade since Hurricane Katrina ravaged Louisiana.
The latest storm is a tidal wave of rate increases for health insurance due to The Affordable Care Act, or ObamaCare. Wytnon Hall reports that, “The Times-Picayune reported on Wednesday that Louisiana’s largest health insurer, Blue Cross Blue Shield of Louisiana, plans to increase the rates of its Blue Saver, Blue Max, and Multi-State individual plans sold on the state’s Obamacare exchange between 18.3% and 19.7%.”
More than 50,000 in Louisiana will be affected.
The one who might absorb the hardest below, however, is Senator Mary Landrieu, a Democrat from Louisiana who voted for ObamaCare many times in the United States Senate and is up for re-election. Landrieu has to face the voters on November 4; and this could not have come at a worst time. Like the recent announcement by Wal-Mart(NYSE: WMT) that it was dropping health insurance coverage for 30,000 part-time workers and raising the cost for others, this is hitting the American consumer very hard right before they can do something about it at the polls!
Obama promised around twenty times that The Affordable Care Act would reduce premiums about $2500 annually for each American family.
That and other promises got Landrieu to support it many times in the United States Senate. There is simply no way costs will all when a program calls for more health insurance coverage for more people as does The Affordable Care Act. As Landrieu just replaced her campaign manager on Wednesday, that is obviously not playing well with the voters in Louisiana. The unpopularity of ObamaCare is not just limited to Louisiana, however.
An associated press poll found that only 30 percent of Americans support ObamaCare.
That has been demonstrated in elections already this year. Polls point to it happening again in November. The recent rate increases certainly make that likely in Louisiana.