SOMEBODY TELL THE COLLEGE PRESIDENT – AT 8:51 A.M. ET: Even in the midst of all this political excitement and conventioneering, little facts begin to slip into the news that can prove devastating to groups of Americans.
Consider this, from the Washington Examiner, on the impact of one provision of Obamacare:
The future frightening payoffs of college loans are taking a backseat to the immediate and soaring costs of health insurance students are getting slapped with as they return to school this fall, all thanks to Obamacare.
Because of a rule in the Affordable Care Act that lifts caps on policy payoffs, the cheap insurance policies typically healthy students previously got are skyrocketing, some over 1,000 percent. The reason: Without payoff caps, insurance firms are boosting prices to cover their potential losses.
One example: a late July email to incoming students from Guilford College of Greensboro, N.C. revealed a jump from $668 to $1,179, a 75 percent jump. The reason stated: "Our student health insurance policy premium has been substantially increased due to changes required by federal regulations issued on March 16, 2012 under the Affordable Care Act."
Yeah, right. Affordable care.
The issue is brewing here in Tampa where students are pressuring political leaders to address it. "We're trying to make the conservative national leaders in Tampa focus on this issue," said Ron Meyer, spokesman for Young America's Foundation. "It's time for conservative leaders to start talking about Obamacare's hurt on college campuses."
COMMENT: At least Guilford College was honest about the cause of the increase. Obamacare. I'll be willing to bet that other colleges, more attuned to the needs of the political left, will bury the rise in cost in some other language. Maybe blame George W. Bush. Or CHENEY (!!!!).
It is amazing to me that there hasn't been more discussion of this outrageous 75% increase in premiums. But why bother with facts when ideology is so much more fun?
August 30, 2012