Posted on 05/03/2013 12:08:29 PM PDT by Starman417
Not long after ObamaCare passed Peter R. Orszag (the economist Obama relied on to get Obamacare passed) and Ezekiel Emanuel (the doctor that assisted Orszag in getting ObamaCare passed) wrote that the law:
puts into place virtually every cost-control reform proposed by physicians, economists, and health policy experts.
A year after it's passage Obama supporters claimed the law will contain costs:
When the President and progressive leaders in Congress took on the task of health care reform one year ago, they made three broad promises to the American people: (1) to cover the uninsured, (2) to make coverage more stable and secure for the middle class, and (3) to contain costs. Few dispute that the bills now before Congress deliver on the first two promises. But even though both packages project reductions in long-term federal deficits, there is still significant skepticism about the third promise of cost control. We examined the bills before Congress and found 12 broad categories of cost-containment. We conclude that these measures will save American employers and employees approximately $814 billion in the next 15 years.
Now we are finding out that this just isn't so:
The HHS Secretary admits costs are going up:
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.
The secretary’s remarks are among the first direct statements from federal officials that people who have skimpy health plans right now could face higher premiums for plans that are more generous.
Oh my...didn't Obama claim that our premiums would be up to $2,500 dollars lower?
(excerpt) Read more at floppingaces.net...
Speaking of government lies and financial mis management..I just got this from a friend:
SOCIAL SECURITY NOW CALLED ‘FEDERAL
BENEFIT PAYMENT’/ENTITLEMENT!
Have you noticed, your Social Security check is now
referred to as a “Federal Benefit Payment”?
I’ll be part of the one percent to forward this.
I am forwarding it because it touches a nerve in
me, and I hope it will in you.
Please keep passing it on until everyone in our country has read it.
The government is now referring to our Social Security checks as a “Federal Benefit Payment.” This isn’t a benefit – its earned income!
Not only did we all contribute to Social Security but our
employers did too.
It totaled 15% of our income before taxes.
If you averaged $30K per year over your working
life, that’s close to $180,000 invested in Social Security.
If you calculate the future value of your monthly
investment in social security ($375/month, including both
your and your employer’s contributions) at a meager 1% interest rate compounded monthly, after 40 years of
working you’d have more than $1.3+ million dollars
saved! This is your personal investment.
Upon retirement, if you took out only 3% per year,
you’d receive $39,318 per year, or $3,277 per month.
That’s almost three times more than today’s average Social Security benefit of $1,230 per month, according to
the Social Security Administration (Google it -
it’s a fact).
And your retirement fund would last more than 33
years (until you’re 98 if you retire at age 65)!
I can only imagine how much better most
average-income people could live in retirement
if our government had just invested our money in low-risk
interest-earning accounts.
Instead, the folks in Washington pulled off a bigger
Ponzi scheme than Bernie Madoff ever did.
They took our money and used it elsewhere. They
“forgot” that it was OUR money they were taking.
They didn’t have a referendum to ask us if we wanted
to lend the money to them.
And they didn’t pay interest on the debt they
assumed.
And recently, they’ve told us that the money won’t
support us for very much longer.
But is it our fault they misused our investments?
And now, to add insult to injury, they’re calling it
a “benefit,” as if we never worked to earn every
penny of it.
Just because they “borrowed” the money, doesn’t mean that our investments were a charity!
Let’s take a stand.
We have earned our right to Social Security and
Medicare.
Demand that our legislators bring some sense into our
government –
Find a way to keep Social Security and Medicare
going, for the sake of that 92% of our
population who need it.
Then call it what it is: Our Earned Retirement Income.
Hard to imagine they didn't know this from the beginning. They knew that millions of citizens would lose coverage or remain uncovered under obamacare. And that it would take some time to work illegals into the system. Sounds more like a shift in propaganda-speak than anything else.
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