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Thread: White House Yawns As ObamaCare Premium Spikes Loom

  1. #1

    White House Yawns As ObamaCare Premium Spikes Loom

    Lovely, as if I didn't already despise this witch.

    White House Yawns As ObamaCare Premium Spikes Loom

    Posted 03/27/2013 06:51 PM ET

    Insurance: News this week that ObamaCare will cause a huge spike in insurance claims in the individual market — and result in sky-high premium hikes — was bad enough. Worse still was the administration's response.

    A study released Tuesday by the Society of Actuaries said that health claims will shoot up an average 32% under ObamaCare. Some states will see claims rise as much as 80%, while just five states could see them drop a little.

    The reason, the report says, isn't just that millions of uninsured will get coverage, which the actuaries estimate will cause them to double their health spending.

    Also driving claims higher is that many employers will dump coverage for workers once ObamaCare kicks in, and those workers will be far more expensive to insure than people already in the individual market.

    Either way, the result will be higher premiums for millions of Americans.

    This is just the latest in a series of recent reports all pointing in the same direction. Namely that, despite President Obama's many promises, the "Affordable Care Act" will be anything but.

    So what is the administration's response? A big yawn.

    Sure, prices are going to go up for men, the young and the healthy. But who cares, since they're going to go down for women, sicker and older people.

    Health and Human Services Secretary Kathleen Sebelius dismissed it all as a "sort of a one-to-one shift."

    And, besides, she said, those paying more will get far more generous coverage, so what's to complain about?

    But in trying to dismiss this report, Sebelius not only showed the administration's indifference to the cost explosion ObamaCare will unleash, but a complete ignorance about the market she's planning to take over.

    "Some of these folks," Sebelius said, referring to those hit by ObamaCare's price spikes, "have very high catastrophic plans that don't pay for anything unless you get hit by a bus. They're really mortgage protection plans, not health insurance."

    Sebelius has it exactly wrong. It's precisely those catastrophic plans that are real insurance, which in case anyone has forgotten is supposed to protect against unforeseen costly events, not pay $20 doctor visits.

    What Obama and company are trying to force down everyone's throats isn't insurance, it's massively expensive prepaid health care.

    Too bad for those who'd rather buy real insurance and spend their money on something else.

    The problem is that ObamaCare's push toward comprehensive "insurance" coverage will only fuel health care cost inflation.

    Back in 1960, people paid almost half the nation's health care tab out of pocket. By last year, that figure had dropped to just over 10%, with the rest paid by government health programs or increasingly generous, tax-subsidized workplace health benefits.

    That, in turn, has pushed up health spending, since it looks to consumers like they're getting something for virtually nothing.

    By driving out-of-pocket spending for health care down even further, ObamaCare will only succeed in driving up costs for everyone.

  2. #2
    Jets Moderator ret2ski's Avatar
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    Every day more evidence, throw in their "make it hurt" approach to the sequester cuts, and yet the light hasn't gone on for many Americans.

    The United states of Greece here we come.

  3. #3
    Since when do liberals-progressives actually care about the real world results of their policies? They can't admit when their policies don't work. That would shatter the myth that they are infallible, which is their justification for seizing power to run people's lives.

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    Social Security, Medicare and now Odumbo Care! The world keeps spinning out of control!

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    Quote Originally Posted by ibleedgreen View Post
    Sure, prices are going to go up for men, the young and the healthy. But who cares, since they're going to go down for women, sicker and older people.

    Health and Human Services Secretary Kathleen Sebelius "Some of these folks," Sebelius said, referring to those hit by ObamaCare's price spikes, "have very high catastrophic plans that don't pay for anything unless you get hit by a bus. They're really mortgage protection plans, not health insurance."
    Do you all know what she said? Mortgage protection plan??? We're talking private property.

    LOLOL!!! NOT HEALTH INSURANCE?

    This is an evil woman and so is her boss. Add to that about 60% of the population and we're done boys. They have taken it over and there's no BLAZE, there's no Limbaugh and no Repuclican Party that can save this anymore. May as well get drunk tonight and enjoy it.

  6. #6

    May as Well

    enjoy that now illegal running technique while y'all are at it. So ya think a cost hike looms, do ya? What else is new bro? Medical costs have been a'bloomin for the latest twenty years with no end in sight, but OOHHHH -- LETS GO BLAME BHO and then all chime in agreement. Hey here's the only looming that y'all would be interested in right here...

  7. #7
    Quote Originally Posted by Penumbra View Post
    Do you all know what she said? Mortgage protection plan??? We're talking private property.

    LOLOL!!! NOT HEALTH INSURANCE?

    This is an evil woman and so is her boss. Add to that about 60% of the population and we're done boys. They have taken it over and there's no BLAZE, there's no Limbaugh and no Repuclican Party that can save this anymore. May as well get drunk tonight and enjoy it.
    A great point was made by Mike Swan of Wall Street Window. He noted that people have become passive with regards to government action or inaction. Some of the policies made by FDR were in reaction to mass riots in the streets, not just because he wanted to seize power in the New Deal. The closest thing we've seen were the Tea Party rallies and large crowds at town halls in 2009-2010.

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