Washington health-exchange rates to increase by 24 percent

This is what you get when you embrace socialized medicine: the worst healthcare at premium prices. 

Well done, Obama and progressives! Via the AP

The board for Washington’s health-insurance exchange has approved an average rate increase of 24 percent, the largest premium increase since the exchange began in 2013.

The Washington Health Benefit Exchange board approved the rate increase this week.

The Seattle Times reported about 180,000 customers will be affected.

Watch how they play the game: 
While the average rate increase is large, Marchand said about 60 percent of exchange customers could have their costs offset by tax credits granted to consumers based on income.
That’s a transfer of wealth, people. It’s not that the healthcare expenses are not bad. It’s that the high costs are being paid by other Americans.