"I will sign a universal health care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family's premium by up to $2,500 a year." - Barack Obama, 2008 (link)
Since our illustrious President made the above promise, health insurance premiums have increased by an average of over $3,000.
Good job, Mr. Obama.
And now that the inaptly-named Affordable Care Act (aka, ObamaCare) is about to go into effect, health insurance premiums are going to increase by much, much more. In Ohio, premiums for those in the individual health care market (like myself) are going to skyrocket. From the Wall Street Journal:
"We compared the average premiums in states that already have ObamaCare-like provisions in their laws and found that consumers in New Jersey, New York and Vermont already pay well over twice what citizens in many other states pay. Consumers in Maine and Massachusetts aren't far behind. Those states will likely see a small increase.
By contrast, Arizona, Arkansas, Georgia, Idaho, Iowa, Kentucky, Missouri, Ohio, Oklahoma, Tennessee, Utah, Wyoming and Virginia will likely see the largest increases—somewhere between 65% and 100%. Another 18 states, including Texas and Michigan, could see their rates rise between 35% and 65%."
Thanks, Mr. Obama. Thanks to your "Affordable" Care Act, I can no longer "afford" health insurance. AIn't that a kick in the butt. I could barely afford it before. Thanks for all your nifty "help" with health care reform.
And now that I can no longer afford to buy health insurance, thanks to you, Mr. Obama, you will fine me for not purchasing it. You are one prince of a fellow, Mr. Obama. With "friends" like you in Washington DC, who needs enemies ?
Getting back to Obama's alleged "universal health care bill...that will (lol) cover every American and (cough) reduce premiums...by up to $2,500 per year" promise, along with Obama's "if you like your insurance and your doctor you can keep them" promise (I''m paraphrasing), the CBO estimated that 7 million people will lose their health insurance as a result of ObamaCare.
The Wall Street Journal listed the main reasons the "Affordable" Care Act will make health insurance less affordable.
"Central to ObamaCare are requirements that health insurers (1) accept everyone who applies (guaranteed issue), (2) cannot charge more based on serious medical conditions (modified community rating), and (3) include numerous coverage mandates that force insurance to pay for many often uncovered medical conditions"
All these provisions drive up costs for insurance companies, which are then passed on to consumers in the form of higher health insurance premiums. It's a shame Obama didn't have any economic or business background before we allowed him to take over our lives, you know ?
Prior to ObamaCare, insurance companies had actuarial tables to assess things like life expectancy and medical risks. ObamaCare effectively destroys those tables. WIth ObamaCare, the added costs must now be spread across the board, causing all premiums to rise.
I suppose there is one solution to the "Affordable" Care Act I could pursue. I could claim poverty and/or disability, and then get Obama (read: other taxpayers) to pay for my health insurance. That is not something I want to do, because I consider it morally wrong, but who knows, by the end of Obama's next four years, my poverty claim just might become true, as the value of the dollar continues to plummet, the economy tanks, and taxes and prices continue to rise.
Thanks again, Obama. You're a prince. Now i have to go figure out whether to sell my car to keep my health insurance or forgo the insurance and hope I stay lucky for the next 6 years,. Forward !
About This Blog