Karma: Young Americans about to face health insurance rate shock...

I would feel really bad about this if young Americans didn't help vote Obama in. They will soon pay the price...

Via WaPo:

Many young, healthy Americans could soon see a jump in their health insurance costs, and insurance companies are saying: It’s not our fault.

The nation’s insurers are engaged in an all-out, last-ditch effort to shield themselves from blame for what they predict will be rate increases on policies they must unveil this spring to comply with President Obama’s health-care law.

Insurers point to several reasons that premiums will rise. They will soon be required to offer more-comprehensive coverage than many currently provide. Also, their costs will increase because they will be barred from rejecting the sick, and they will no longer be allowed to charge older customers sharply higher premiums than younger ones. 

The Obamacare Hits Keep on Coming

Recently, McDonald's was hinting they would cancel their limited health care plan for tens of thousands of employees. They quickly got an exemption from parts of the Obamacare law. Boeing is the latest company to take measures to protect themselves against this expensive and anti-business law. They have sent a letter to 90,000 employees warning them they are about to pay the price for Obamacare passing.

In a letter mailed to employees late last week, the company cited the overhaul as part of the reason it is asking some 90,000 nonunion workers to pay significantly more for their health plan next year. A copy of the letter was obtained Monday by The Associated Press.

"The newly enacted health care reform legislation, while intended to expand access to care for millions of uninsured Americans, is also adding cost pressure as requirements of the new law are phased in over the next several years," wrote Rick Stephens, Boeing's senior vice president for human resources.