September 27, 2017
U.S. Senator Ben Sasse issued the following statement regarding Medica’s announcement that it would increase premium rates for the individual insurance market in Nebraska by an average of 31 percent in 2018. Medica will be the only insurance company offering ObamaCare coverage in Nebraska next year.
“Today’s news is a disaster. As long as ObamaCare is on the books, Nebraska families are going to continue to suffer. Medica’s fifteen-times-the-rate-of-inflation price hike is a perfect example of ObamaCare’s cruel dilemma: the law forces families to buy insurance from the only company left, and then the law makes that insurance crazy expensive. Big insurance companies with Washington lobbyists don’t suffer but families here in Nebraska sure do.”