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Wednesday, March 27, 2013

Another Obamacare Lie Exposed--Healthcare Premiums Going Up

Remember those wonderful promises given to the American people about Obamacare, how all of us will be saving money because of government control of healthcare.

President Obama said it over and over again:
 Families will save on their premiums.  12/15/09
Your employer, it's estimated, would see premiums fall by as much as 3,000 percent … which means they could give you a raise."  3/17/10
Don't spend that saved insurance money seems that claim was not true...even HHS Secretary Kathleen Sebilius admits premiums are going higher.
Some people purchasing new insurance policies for themselves this fall could see premiums rise because of requirements in the health-care law, Health and Human Services Secretary Kathleen Sebelius told reporters Tuesday.

Ms. Sebelius’s remarks come weeks before insurers are expected to begin releasing rates for plans that start on Jan. 1, 2014, when key provisions of the health law kick in. Premiums have been a sensitive subject for the Obama administration, which is counting on elements in the health law designed to increase competition among insurers to keep rates in check. The administration has pointed to subsidies that will be available for many lower-income Americans to help them with the cost of coverage.
SOME?? The company I work for saw 14% increase in health premiums thanks to Obamacare and expects even more next year.  The health plan they offer is a generous one (of course our 2013/14 plan includes the federally mandated contraceptive coverage for women).

According to the Society of Actuaries, insurance companies are going to be paying out more which will result in higher premiums:
Insurance companies will have to pay out an average of 32 percent more for medical claims on individual health policies under President Barack Obama's overhaul, the nation's leading group of financial risk analysts has estimated.

That's likely to increase premiums for at least some Americans buying individual plans.

The report by the Society of Actuaries could turn into a big headache for the Obama administration at a time when many parts of the country remain skeptical about the Affordable Care Act.

While some states will see medical claims costs per person decline, the report concluded the overwhelming majority will see double-digit increases in their individual health insurance markets, where people purchase coverage directly from insurers.

The disparities are striking. By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland. Much of the reason for the higher claims costs is that sicker people are expected to join the pool, the report said.

Nancy Pelosi was the only honest Democrat when she said we wouldn't know what was in the bill until it was passed. Now that it is being implemented we are learning that Barack Obama's promises were lies:

If You Like Your Plan, You'll Be Able To Keep It:
The Wall Street Journal: "The law could leave more than half of employers without a grandfathered plan in 2013, the draft estimated. Its worst-case assumption is that 80% of small-employers will lose grandfathered rights by 2013. New plans would have to comply with all the bill's requirements; grandfathered plans could avoid elements such as limits on cost sharing."

Obama Administration: "Under this assumption, the Departments' mid-range estimate is that 66 percent of small employer plans and 45 percent of large employer plans will relinquish their grandfather status by the end of 2013. The low-end estimates are for 49 percent and 34 percent of small and large employer plans, respectively, to have relinquished grandfather status, and the high-end estimates are 80 percent and 64 percent, respectively."

The Law Will Protect Medicare:

"Ensuring Medicare Sustainability… -156.6 [Billion Dollars]." "TITLE III—Improving The Quality And Efficiency Of Health Care; Subtitle E—Ensuring Medicare Sustainability; 3401 Revision of Certain Market Basket Updates and Incorporation of services Productivity Improvements into Market Basket Updates that do not Already Incorporate Such Improvements (effect of productivity adjustment for home health included in estimate for section 3131)… 2010-2019… -156.6 [Billion Dollars]."
CBO: Medicare cuts could "reduce access to care or diminish the quality of care."
Obamacare Will Not Add One Dime to the Deficit:
David Broder, The Washington Post: "Every expert I have talked to says that the public has it right. These bills, as they stand, are budget-busters."
Doug Holtz-Eakin & Michael Ramlet: "A more comprehensive and realistic projection suggests that the new reform law will raise the deficit by more than $500 billion during the first ten years and by nearly $1.5 trillion in the following decade."
There are many more examples..the bottom line is Nancy Pelosi was telling the truth, three years after Obamacare was passed we know much more about it, and the more we know the more we realize that our President was lying with every claim he made about his signature healthcare program.

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