Skip to comments.Congressional Report: Obamacare Leads to Skyrocketing Premiums, 200 Percent Possible
Posted on 03/21/2013 7:24:08 AM PDT by TurboZamboni
An exhaustive study by three congressional committees delivers startling news about the dire effects of Obamacare: President Barack Obamas signature legislation could increase health insurance premiums by over 200 percent and render insurance coverage unaffordable for millions of Americans.
Broadly, the new report declares that Obamacare breaks its core promise to make healthcare coverage affordable.
The report, The Price of Obamacares Broken Promises, was prepared by the House Committee on Energy and Commerce, Majority Staff; Senate Committee on Finance, Minority Staff; and Senate Committee on Health, Education, Labor and Pensions, Minority Staff.
Studies and analyses from the Congressional Budget Office, independent actuaries, state insurance commissioners, health plans, benefit consultants, and others have reached the same conclusion: Obamacare will significantly increase premiums, the congressional report states.
Some estimates show some Americans facing startling premium increases of 203 percent because of the law.
(Excerpt) Read more at newsmax.com ...
Part of the plan to go to a single payer.
The people who have positive net worth pay through the nose until they, too, have no net worth.
All part of the plan to have the feral government own everything and the peasants rent everything from them.
But don't you dare call it indentured slavery!
Remember: We had to pass it to see what was in it... :)
We’ll see if the sheeple get the cojones to revolt.
Clearly the Congressional Budget Office, independent actuaries, state insurance commissioners, health plans, and benefit consultants are all racist.
"Suckers. NOT for us.
NOT for OUR families."
How can that be? 0bamascare is the "AFFORDABLE Health Care Act". /sarc
If we had a real Media this would not be on Newsmax, it would be front page on every paper and first story on the Alphabet channels.
Pelosi and the idiots who voted for this mess without reading it are only partially responsible, The Media grabs more than their share of the blame for hiding the facts.
This crap is going to break the bank and ruin health care.
Already Doctors are bailing out. New doctors will not be able to repay their loans and we will be getting Island Doctors coming in to replace them.
If enough claims are shown to be materially false, a government consumer protection agency would intervene on behalf of a consumer to protect them from the evil greedy corporation that sold them the bill of goods based on fraudulent claims.
Who can we call to protect us against ObamaCare as the fraudulent claims pile up?
...including my senator John Cornyn.
Absolutely, these premium rate increases will collapse the system and chaos will ensue. The voters will demand that the government DO SOMETHING and the politicians will give them single payer government health care that will employ millions of permanent Democrat voters.
Not unexpected. Law of supply and demand still applies. Declining supply of doctors (as is well documented) combined with increased demand WILL result in some combination of increased prices and shortages (rationing).
Anyone who thought differently was/is an idiot. Many of those who said differently were lying to take advantage of the idiots.
I heard Howard Dean acknowledge just that with my own ears.
And yet I keep hearing (one was from a political studies major) who couldn’t wait for Obamacare to kick in so ‘she can afford health insurance...”
I just keep my mouth shut.
Keeping me awake at night. Must be others?
The only real good thing that will come from Obamacare will be that it comes into effect before next year’s mid-term elections.
A radically declining economy caused by spiraling Taxes and Health Insurance premiums just might be the thing to wake people up and give the Donkeys the boot.
Then again, it might not...
Come Lord Jesus take me home!
I will be eligible for Medicare in 18 months, if I live that long. I wonder if I will be one of the first ones to be denied care.
Anyone who bought into the affordable healthcare scam was an idiot beforehand, the kind of person liberals feed on.