Obamacare, which could have been killed off last summer, were it not for the saving vote of Sen. John McCain of Arizona, is continuing its living-death death spiral and taking its unwilling consumers down for the ride. Insurance premiums under Obama's Affordable Care Act are set to jump 15% in 2018 according to projections from the Congressional Budget Office, as reported by the Washington Free Beacon. The budget office projects that average premiums will total $3,400 for a 21 year old, $4,800 for a 45 year old, and $9,800 for a 64 year old this year. Market uncertainty is rampant among insurers, fearful that $705 billion in subsidies for buyers may not be replenished by Congress and that either Obamacare's buyers or else they themselves will have to eat that cost. Meanwhile, the CBO projects that two million consumers will be knocked out of the market by the 15% higher cost, leaving the remaining consumers to pick up the tab – meaning that...(Read Full Post)