After 1 Year Obamacare Costs Soar Despite Obama’s Promise of Lower Costs
Posted 3 hours ago by Dave Jolly Filed under ObamaCare
Remember when our Liar-in-Chief told everyone that Obamacare would lower the cost of a typical family healthcare premium by $2,500 a year? I think that was in the same breath as the other infamous Obamacare lie about being able to keep your existing policy and doctor.
Nancy Pelosi has continued to perpetuate the lie of reduced costs of Obamacare, claiming that it’s cheaper, provides more options and better coverage. She’s also the one that told that nation that Congress had to pass the Affordable Care Act in order to find out what was in it when she knew full well that there were at least 20 tax increases hidden with the reams of printed paper.
Robert Moffit is a Senior Fellow in The Heritage Foundation’s Center for Health Policy Studies and has over 30 years of experience in Washington DC policy making. In preparation of the 1 year anniversary of the enforcement of Obama, Moffit has taken a look at the Affordable Care Act to see just how close Obama and Pelosi have kept their promises.
The first thing he looked at was the costs of Obamacare. He found that while many employer provided healthcare policies came with a $1,000 deductible, policies obtained through the exchanges averaged more than $2,000 per year. When my wife and I looked into healthcare a year ago, most of the policies started with a $4,000 a year deductible.
Secondly, Moffit looked at the costs of premiums which is what Obama promised families a savings of $2,500 a year. In the vast majority of locations, the premiums for single and family coverage increased. Twenty-seven year olds in 11 states saw their premiums more than double and 50 year olds in 13 states saw a 50% increase in their premiums. He also reported:
“For the ‘group market,’ the Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS) estimated on February 21, 2014, that 65 percent of small firms would experience premium-rate increases, while only 35 percent were expected to have reductions. In terms of people affected, CMS estimated 11 million Americans employed by these firms would experience premium-rate increases, while about 6 million would see reductions. So much for ‘bending the cost curve down.’”
Another issue Moffit looked at was the increased options for healthcare coverage as promised by Obama and Pelosi. In an analysis conducted by The Heritage Foundation, they found that the number of insurance providers nationwide offering coverage decreased by 29%. Breaking that down further to individual counties they found that 59% of the counties only had 1 or 2 health insurance carriers to choose from. As Moffit put it:
“In 2014, at least, the law did not deliver on its promise of more personal choice and broader competition.”
Open enrollment for Obamacare begins on November 15. People enrolling in Obamacare or renewing their policies will find that premium costs will be higher in most locations. Chances are their deductible will also be higher. We’ve already heard that more and more insurance carriers are opting out of the exchanges which means people will have fewer options.
Lastly, many people who thought they qualified for federal subsidies to help pay for their outrageous premiums failed to provide all of the required documents to substantiate their need. Several hundred thousand have received notices informing them that they no longer qualify for the subsidies and are being asked to pay the full amount of their healthcare premium.
Like I’ve said before, Obamacare was never intended to help make healthcare more affordable or even have anything to do with healthcare. It’s all about establishing a socialized program that the government is forcing Americans to adhere to. Now that we have socialized medicine and socialized public schools, other forms of socialism are just around the corner. America is no longer the land of the free; rather we are becoming the land of the enslaved!
Read more at
http://godfatherpolitics.com/17718/1-year-obamacare-costs-soar-despite-obamas-promise-lower-costs/#QJQOQa9qs85HgyFb.99
