Thank DAG McCrory for the 5.5% Tea Party Tax on health care in North Carolina
When North Carolina Republicans get on their high horses about the need to cut taxes, maybe you can share this with them:
When North Carolina officials decided not to set up a state insurance exchange, deferring instead to the federal government, they triggered a 3.5 percent service charge, tacked onto North Carolina’s insurance rates, to run the exchange.
Additionally, North Carolina officials opted not to expand Medicaid, the federal insurance program for the poor. As a result, about 200,000 people who would have qualified for Medicaid will now qualify for insurance subsidies. Those people are widely expected to be in poorer health, prompting insurance companies to boost rates by an estimated 2 percent to compensate for the risk of insuring this population.
And when your friends and neighbors complain about the monopoly Blue Cross seems to have on the marketplace, try this one:
The state’s decisions not to embrace the health care law likely dissuaded insurers from entering North Carolina’s market, inhibiting price competition, said Kerry Hall, spokeswoman for the N.C. Department of Insurance.
Just what North Carolina needs right now. A 5.5 percent stupid tax on health insurance. That's the price we pay for electing Republicans.