7 Feb

Obamacare: More Cost, Less Coverage

Hans Bader @ Open Market:

Seven million fewer people than predicted will have health care coverage a decade after Obamacare’s passage, admits the Congressional Budget Office. One reason “is that millions of Americans are expected to lose their employer-based coverage, a point” The Wall Street Journal emphasizes in this story.

The CBO has long said it expects the new federal health law will prompt some companies to drop millions of employees from health plans because workers have new options to buy insurance on their own. In August, CBO put the number at 4 million over 10 years. Now it’s 7 million.

Another factor is “rapidly increasing health insurance premiums“ because of Obamacare. “As Politico reported, some populations could see premiums triple.” For example, the “federal health care law could nearly triple premiums for some young and healthy men, according to a forthcoming survey of insurers that singles out a group that might become a major public opinion battleground in the Obamacare wars. The survey . . . found that if the law’s insurance rules were in force, the premium for a relatively bare-bones policy for a 27-year-old male nonsmoker on the individual market would be nearly 190 percent higher.”

The cost to taxpayers of Obamacare exchanges is up by 29 percent even before the program starts: “The projected cost of the subsidies for the exchanges has increased by about 29 percent between the 2010 assessment and this week’s, from an average of $3,970 per enrollee to $5,510. This means the ’10-year cost of Obamacare’s insurance subsidies offered via the health law’s exchanges [has increased] by $233 billion,’ says John Merline of Investor’s Business Daily.” Reason‘s Nick Gillespie quotes Merline further:

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About Curt

Curt served in the Marine Corps for four years and has been a law enforcement officer in Los Angeles for the last 24 years.

3 Responses to Obamacare: More Cost, Less Coverage

  1. Pete says: 1

    This isn’t a bug, it is a FEATURE.
    Obamacare was totally evil from the start, designed specifically to create the collapse of private insurance so the slimy, evil politicians could ride in to “save” us all with single payer socialist health care. Every single thing Obama said touting the benefits of Obamacare was a bald-faced LIE. He arrogantly shouted we would be able to keep our insurance plans and doctors if we liked them. He laughably claimed Obamacare would cut insurance premiums by 3000%. He shamelessly lied when he said taxes would not go up by one dime on anyone making less than $250,000/yr.

    Taxes have gone up on EVERYONE as of 1 Jan, and his evil leftist cronies in Congress are openly demanding further increases in taxes. Insurance premiums are estimated to be going up by at least 190% over the course of this year. If anyone believes the 7 million getting dumped from employer insurance plans number from CBO isn’t going to be 2-3 times that (at least) then you haven’t been paying attention to the way the government estimates things.

    Obamacare was inherently evil from the start. Propagandized to the ignorant as “free health care” it was absolutely meant to force a socialist medical system upon us for the sole purpose of increasing control of the masses by those who are the collectivist aristocracy. This law is the most malicious and egregious crime against humanity since the Supreme Court made up a right for women to murder their unborn children.

    I really wish physicians would band together and refuse to provide medical care to all politicians and their family members until Obamacare is repealed. Because Obamacare is working exactly as the evil bastards planned for it to work.

    ReplyReply
  2. j24rod says: 2

    Very well put Pete. I pretty much thought the same thing when I first heard the BS.

    ReplyReply
  3. THE people should review seriously the ELECTION,
    CANCEL IT AS FRAUD, and work to erase the fraud ,
    and call another ELECTION WITH ID ONLY,
    AND CHECK THE ONES BEHIND THE BALLOTS BOXES,
    SORRY FOR THE UNDESERVING THAT CHANGE, BUT IT’S PARAMOUNT TO DO THE RIGHT THING
    REPLACE THEM ALL, BY MILITARY TO CHECK EVERYTHING ,

    ReplyReply

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