Obamacare is the gift that just keeps on giving. It turns out that Representative Nancy Pelosi was right when she said that they had to pass the bill for us to find out what was in it. We knew it would be bad, I told you all that it would be bad, I just had no clue as to how bad it would be. Rather than go on some long drawn our rant I will let some facts speak for themselves.
According to the Associated Press under Obamacare insurance companies will have to pay 32% more for medical claims on individual insurance policies. Now for my more radical progressive readers, what this equates to is an increase in the cost of doing business. When the cost of doing business goes up, a company cannot partake in the fantasies that the progressives in our government indulge in. What this means is that the company has to find ways to keep making money, if they don’t make money they cannot grow, and if they do not grow they go bust. This is a problem as all the people that they insured are put at risk of losing their insurance. So how does an insurance company make more money. Unfortunatly for us, this increase in the cost of doing business brought on by an ill conceived progressive power grab, will result in we the people paying more for our health insurance.
According to the Society of Actuaries while some states might see the medical claim cost per person decline, the vast majority of us are going to see double digit increases in individual health insurance markets. For those individuals who buy insurance directly from the insurer I am sorry this is your future
Florida will see a 20% increase in medical costs
California will see a 62% increase in medical costs
Maryland will see a 67% increase in medical costs
Ohio will see a 80% increase in medical costs
Of course the Obama White House says that this report is nothing but hot air. Basically the White House, in a desperate attempt to sell this poorly planned out law, said that the increase in costs is simply because you are getting more. That modern day health insurance isn’t really health insurance at all. Kathleen Sebelius said, “Some of these folks have very high catastrophic plans that don’t pay for anything unless you get hit by a bus. They’re really mortgage protection, not health insurance.” Ms. Sebelius, like most progressives, haven’t stopped to think about what if I can’t afford the increase in cost? Oh yes they have, they just want me to be dependent upon the government, that way they will be able to protect me from myself. However the recently retired Medicare Chief Actuary Rick Foster said that the report did “a credible job” estimating the new costs under the law, “without trying to tilt the answers in any particular direction.”
The news dealing with the disastrous fallout from Obamacare gets worse I am afraid. The line that the progressive trinity Obama, Reid, Pelosi rammed down our throat while they where begging members of the Democrat party to vote for this monstrosity, was that the Affordable Care Act would lower costs, and make healthcare more accessible. We have already discussed how Obamacare will not be making health insurance any cheaper, actually the opposite is in fact true. So how about the whole “making healthcare more accessible” claim?
Well I am afraid this part of the sales pitch is nothing more than a crock. The 2013 Delolite Survey of U.S. Physicians, a poll of 600 physicians found that 6 and 10 physicians believe that “said it is likely many of their colleagues will retire earlier than planned in the next one to three years” So if a massive number of physician’s are going to retire, can we really believe that access to healthcare is going to improve? No we can’t, we can only expect shortages… who could have predicted that?
Ultimately what this comes down to is that when the government tries to run industries, all they manage to do is run them into the ground, and thanks to radical progressives like President Obama, Nancy Pelosi, and Harry Reid 1/6th of our economy is headed down the drain.