October Surprise

The October surprise for millions of employees will occur when they his their health plan's open enrollment period and find out that Obamacare will either eliminate their coverage or dramatically increase their costs. Campaign Spot has this letter from a reader:

The wife was talking with a friend of hers yesterday who works for Cigna. The gist of the conversation was, as the friend was having discussions with her clients regarding the changes that everyone is starting to see in their employer provided health insurance, how surprised they were that the costs were actually going up because of ObamaCare.

Apparently, there is a large number of people who bought the lines about "bending the cost curve down." My point is this: As people go through benefits enrollment, and come to realize that the expiration dates have been reached on Obama's promises, they will probably not look too charitably at the party that railroaded this through congress. At that point, the elections will be less than a month away.

October surprise?

And this from American Spectator:

McDonald's has put federal officials on notice that it may have to drop health insurance for 30,000 employees unless it gets an exemption from a new requirement in the national health care law, the Wall Street Journal reports.

ObamaCare forces insurers to pay out at least 80 percent to 85 percent of the revenue they receive in premiums on paying out claims, a percentage known as the medical loss ratio. The problem is, that's especially difficult to manage in so-called mini-med plans which offer scaled down benefits at a lower price, but have higher administrative costs due to a lot of worker turnover.

If the rule doesn't get altered, its ramifications could be greater than McDonald's -- as there are 1.4 million people with mini-med plans.

The McDonald's move is just the latest in a series of revelations that undermine the promises Democrats made when they were selling ObamaCare.

In May, burger chain White Castle announced that a separate provision in the law could cut its earnings in half, causing it to curtail expansion plans and slow hiring.

In June, an administration document revealed that more than half of those with coverage from their employers may have to change plans as a result of ObamaCare.

Earlier this month, insurers announced that they would have to raise premiums, partially as a result of new rules that force them to offer certain benefits.

And just this week, Harvard Pilgrim announced that due to new requirements and reimbursement rates under ObamaCare, they'd have to discontinue Medicare Advantage plans that currently serve 22,000 customers in Massachusetts, New Hampshire and Maine.

Everything you were promised about Obamacare was a lie. It must be repealed.