Read it and weep. 

Individual health insurance premiums in North Carolina would spike as much as 80 percent on average due to the effects of Obamacare mandates if plans submitted by Blue Cross Blue Shield North Carolina receive federal approval as expected.

Younger, healthy consumers representing one-third of individual policy holders would bear disproportionately “substantial increases” to offset the costs of insuring older, less healthy populations and the requirements of the Affordable Care Act, BCBSNC officials acknowledged. 

The 80-percent average increase comes from comparing the 2014 rates for the lowest-cost “bronze” Obamacare plans announced Thursday by BCBSNC to a statewide average of current individual-policy premiums compiled by the Manhattan Institute for Public Policy Research, a New York-based nonprofit research organization. Manhattan researchers used data from the federal government to compile their low-cost 2013 premium averages for each state. They calculated the lowest-available rates for different age groups and for policies offering different levels of coverage. 

And what does BCBS have to say? Here is the reality of ObamaCare.

“The ACA will make coverage available to many who have never had it and will enhance benefits for most consumers. These are good things, but they come at a cost,” Patrick Getzen, Blue Cross vice president and chief actuary, said in a news release announcing the new plans. 

“After the impact of subsidies, we expect about two-thirds of our individual customers will see the amount they pay for coverage increase similar to previous years — or they may pay less. The remaining one-third of our customers will see fairly substantial increases due to the requirements of the ACA,” Getzen said.

Morales said the one-third who will see those “fairly substantial increases” primarily will “be people who are younger, who are healthier, and who probably don’t qualify for much if any premium subsidy.”

This is the stunning reality of the government takeover of the health insurance/healthcare industry.