Analysts have been warning for months that Obamacare insurance premiums are set to skyrocket given the lack of competitiveness brought about by big insurance companies leaving the marketplace.  Yesterday, the administration admitted that the average cost of a Silver plan on the federal healthcare.gov exchange will rise 22%, with many states seeing a much higher increase.  The increase is triple what it was last year and will increase the cost of Obamacare by at least $136 billion over 2015, according to a score issued by the Congressional Budget Office earlier this year. At that time, CBO estimated premium increases of 11% – far short of the reality that faces consumers today. That 22% increase reflects policies sold only on the federal exchange.  It does not include the 12 states that operate their own exchanges, where the increases, in some cases, are much higher. The administration points out that most Americans will have the increase in...(Read Full Post)