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Insurance Premiums To Soar!

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Mike

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Wasn't that the reason for it's conception to make the Insurance companies filthy rich and build a bureaucracy so huge it could never be dismantled?



ObamaCare Architect: Premiums to Soar
FrontPage Magazine | February 13, 2012 | Arnold Ahlert



Once again for the Obama administration, lofty promises are giving way to hard reality. On September 22, 2010, in an informal discussion regarding the healthcare bill, the president contended that “as a consequence of the Affordable Care Act, premiums are going to be lower than they would be otherwise; health care costs overall are going to be lower than they would be otherwise. And that means, by the way, that the deficit is going to be lower than it would be otherwise.” That was then. Over the weekend it was revealed that MIT economist Jonathan Gruber, the chief architect of ObamaCare, backtracked on the analysis he performed two years ago. He told officials in Wisconsin, Minnesota and Colorado the price of insurance premiums will “dramatically increase” under the reforms.

Gruber didn’t merely rebut the president’s contention. He rebutted his own, made in 2009, after he reviewed a report by the insurance industry that contended premiums would rise sharply with the passage of the healthcare bill. At that time Mr. Gruber argued that the industry report failed to take into account government subsidies provided to help moderate-income Americans purchase insurance, or administrative overhead costs he predicted would “fall enormously” once insurance polices were sold through the anticipated government-regulated marketplaces, or exchanges. “If you literally take the data from the Congressional Budget Office (CBO) you can see that individuals will be saving money in a nongroup market,” he said.

The CBO was less sanguine, saying it couldn’t forecast what would happen to premiums because “so many uncertain variables come into play.”

Some of the so-called variables surrounding Obamacare have already come into play. First and foremost were the waivers to the plan, issued by an administration with a track record of doing favors for certain constituencies. The actual number of waivers granted remains in question. The Hill claims that as of January, 1,231 companies had received waivers from the plan. ABC News had the number at 1,471 in July of 2011.
 

Larrry

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I was shopping for health ins shortly after obamacare passed. Many would not even write some policies or their quote were sibject to change again at anytime. up up and away
 

Mike

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The entire "Obamacare" concept was flawed to begin with.

Unless you bring down the actual hospital, doctor, or pharmaceutical bill dollars, there can be no money saved. The payment money can only be redirected from another avenue source.

Remove ALL gov't regulations completely out of the picture and health care prices will go down.
 

Tam

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FGS when you have a Dictator President demanding the insurance companies provide for services with no premiums and no co pay what do you expect is going to happen. If Obama gets away with dictating Free Birth Control for Catholic organization employees just how long will it be before the activist groups get involved and sue the Government as they are discriminating against non Catholics. If or should I say when that happens is he going to DICTATE everyone gets free Birth Control paid for by Insurance companies.

Obama just doesn't get the concept that NOTHING IS FREE. I believe what he wants to do is Bankrupt insurance companies so he can step in with a single payer system which is what he has wanted all along. But if he is planning on useing the Canadian system I think everyone should know we get NO DRUGS FREE. and certainly NOT BIRTH CONTROL. :roll:
 

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