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Obamacare at any cost?Are you convinced yet? Do you really think that this is all about Health or Care? They have reached a point where just passing a bill is the point.. What’s in it? Who wrote it? Does not matter.. They just want a win.. All news has turned into good news.. More subsidies means lower deficits and more expensive Insurance is really cheaper Insurance. The CBO released a study on Monday on how Reids Senate bill will affect Insurance cost which to any sane person it would have been a unmitigated disaster for the bill. The CBO report found that premiums for individuals will rise by 10% to 13% more than if CONGRESS DID NOTHING. Family coverage under THE EXSISTING plan are projected to cost on average $13,100, but under Obamacare will JUMP to $15,200. The report was regarded as “GREAT NEWS” by the Whitehouse. and the Mainstream Media. "No Big Cost Rise in U.S. Premiums Is Seen in Study," said the New York Times, while the Washington Post declared, "Senate Health Bill Gets a Boost." The White House crowed that the CBO report was "more good news about what reform will mean for families struggling to keep up with skyrocketing premiums under the broken status quo." Finance Chairman Max Baucus chimed in from the Senate floor that "Health-care reform is fundamentally about lowering health-care costs. Lowering costs is what health-care reform is designed to do, lowering costs; and it will achieve this objective." The CBO reports that the Obamacare coverage mandates will drive Premiums much higher. But the Whitehouse and Dems are claiming it’s a win??? They are claiming that these higher insurance prices don't count because they will be offset by new government subsidies. About 57% of the people who buy insurance through the bill's new "exchanges" that will supplant today's individual market will qualify for subsidies that cover about two-thirds of the total premium. So the bill will increase costs but it will then disguise those costs by transferring them to taxpayers from individuals. The Reid bill's $371.9 billion in new health taxes are also apparently not a new cost because they can be passed along to consumers, or perhaps will be hidden in lost wages. “Amanda Kowalski of MIT, William Congdon of the Brookings Institution and Mark Showalter of Brigham Young have found similar results. In a 2008 paper in the peer-reviewed Forum for Health Economics and Policy, these economists found that state community rating laws raise premiums in the individual market by 20.9% to 33.1% for families and 10.2% to 17.1% for singles. In New Jersey, which also requires insurers to accept all comers (so-called guaranteed issue), premiums increased by as much as 227%.” Wall Street Journal “The political tragedy is that there are plenty of reform alternatives that really would reduce the cost of insurance. According to CBO, the relatively modest House GOP bill would actually reduce premiums by 5% to 8% in the individual market in 2016, and by 7% to 10% for small businesses. The GOP reforms would also do so without imposing huge new taxes. “ Wall Street Journal Like I have said over and over this is not about Health or Care.. Lowering cost is not really on the list. It is however about placing the Government in charge of YOUR Healthcare and getting between you and your Doctor. |