Health Premiums Have Climbed $4,865 Since Obama Promised to Cut Them $2,500

Via Investors Business Daily

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Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That’s up from 3% the year before.

Since 2008, average family premiums have climbed a total of $4,865.

The White House cheered the news, saying it was a sign of continued slow growth in premium costs.

That much is true. Since 2006, the average annual increase for family plans at work has been 4.9%, down from around 10% a year from 1999-2005.

Continue reading “Health Premiums Have Climbed $4,865 Since Obama Promised to Cut Them $2,500”

OBAMACARE – THE GIFT THAT KEEPS ON TAKING

Isn’t it interesting the mainstream media makes barely a peep about the ongoing and worsening Obamacare debacle. Healthcare premiums, co-pays and deductibles are soaring, while doctor and plan choices contract to a minuscule level. Recent surveys reveal the hardship being inflicted upon families across the nation. Those who are willfully baffled by the lack of consumer spending need look no further than Obamacare and its impact on the budgets of hard working Americans.

According to a survey by LIMRA, an insurance and financial services trade association, six in 10 workers agreed that the rising cost of health insurance directly affects how much they set aside in their workplace retirement savings plan. Employees are being forced to cut back on their retirement savings in order to meet the skyrocketing cost of their health insurance. Based on the numbers being bandied about by the Kaiser Family Foundation, it seems average families will soon have to decide between food and healthcare. Remember Obama’s quotes in 2008- 2009 when he was selling this bloated pig of a plan to you?

“We will start by reducing premiums by as much as $2,500 per family.”

“If you like the plan you have, you can keep it. If you like the doctor you have, you can keep your doctor, too. The only change you’ll see are falling costs as our reforms take hold.”

Millions of people have been kicked out of their existing health plans and have seen their premiums and deductibles go up by double digits. Small business owners are being forced out of business. And now the fines, mandates, and taxes really begin to kick in. At least median household real wages are lower than they were in 1989. According to the Kaiser Family Foundation:

Continue reading “OBAMACARE – THE GIFT THAT KEEPS ON TAKING”

Obama Promised Healthcare Premiums Would Fall $2,500 Per Family; They Have Climbed $4,865

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

How’s that Obamacare working out for you? That’s what I thought.

Considering that pretty much every single thing Obama promised when he was running for President turned out to be an outright lie, we shouldn’t be surprised this is also the case when it comes to his so-called “signature achievement.” Before getting into the meat of this post, let’s take a trip down memory lane and watch a video clip of Obama on the 2008 campaign trail.

As you can see, he didn’t just say it once or twice. He said it over, and over and over again. Now here’s what actually happened.

From Investors Business Daily:

Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That’s up from 3% the year before.

 

Since 2008, average family premiums have climbed a total of $4,865.

 

The White House cheered the news, saying it was a sign of continued slow growth in premium costs.

 

“We will start,” Obama said back in 2008, “by reducing premiums by as much as $2,500 per family.”

 

And Obama wasn’t talking about government subsidized insurance or expanding Medicaid or anything like that. He specifically focused on employer provided health care.

 

For “people who already have insurance, and the employers who are providing it,” he said at one campaign event, “we will work to lower your premiums by up to $2,500 per family.”

“We screwed some folks.”

*  *  *

For related articles, see:

Yep, You Guessed It – Obamacare Website Funneling Private Consumer Info to Private Companies

Video of the Day – Obamacare Architect Credits “Lack of Transparency” and “Stupidity of the American People” for Passage of Healthcare Law

ObamaFraud: GAO Study Finds Almost All Fake Applicants are Approved for Subsidized ObamaCare

Serfs Up – Average Healthcare Premiums Have Soared 39%-56% Post Obamacare

Computer Security Expert Claims he Hacked the ObamaCare Website in 4 Minutes


OBAMACARE DESTROYING JOBS & DRIVING HEALTHCARE PRICES SKYWARD FOR FAMILIES

You were wondering why retailers are reporting dreadful results? Look no further than Obamacare. Manufacturers overwhelmingly report higher employee contributions, deductibles, out-of-pocket maximums and copays, with a lower range of medical coverage and a lower size and breadth of the network.

Have your health insurance costs gone down since Obamacare was passed in 2009? And now for the best part. Obama illegally delayed all the really bad stuff until after the November elections. It seems the Democrats don’t want to run on this abortion of a program.

I’m still waiting for my $2,500 of savings. I’m sure the check is in the mail.

Was Dear Leader misquoted?

 

Obamacare Is A Disaster For Businesses, Philly Fed Finds

Tyler Durden's picture

Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have proof.

As the Philly Fed, which mysteriously soared at the headline level even as the vast majority of its components tumbled, reported moments ago, “in special questions this month, firms were asked qualitative questions about the effects of the Affordable Care Act (ACA) and how, if at all, they are making changes to their employment and compensation, including benefits.”

What the survey found was very disturbing: not only did businesses report that as a result of Obamacare the number of workers they employ is lower than higher (18.2% vs 3.0%), that there has been an increase in part time jobs (18.2% higher vs 1.5% lower), leading to a big increase in outsourcing and most importantly, Obamacare costs are being largely passed on to customers (28.8% reporting higher vs 0.0% lower), the punchline was that while there is basically no change in the number of employees covered (17.6% higher vs 14.7% lower and 67.6% unchanged), there has been a big jump in Premiums, Deductibles, Out-of-pocket maximums, and Copays, which has been “matched” by a far greater reduction in the range of medical coverage and the size of the network.

In short a disaster.

And what’s worse, this sentiment will persist long after the current subprime auto loan-driven manufacturing renaissance is long forgotten.

THE OBAMACARE SUCCESS STORY CONTINUES

If it’s the law, how can Obama keep changing, delaying, modifying, and ignoring it?

If Obamacare is so great why don’t the Democrats embrace it and run their November campaigns around this superlative feather in all their caps?

Are you still waiting for your $2,500 annual savings?

White House ‘Quietly’ Exempts 4.5 Million People In 5 “Territories” From Obamacare

Tyler Durden's picture

As WSJ reports, last week’s geopolitical chaos and distraction was ideal for a news dump, and the White House didn’t disappoint: On no legal basis, all 4.5 million residents of the five U.S. territories were quietly released from ObamaCare. It seems the costs of healthcare soared in these five territories due to uneconomic mandates – which woul dhave been a disaster PR-wise for the administration and so, under cover of catastrophe, WSJ reports all of a sudden last week HHS discovered new powers after “a careful review of this situation and the relevant statutory language,” that enabled them to ‘selectively exempt’ American Samoa, Guam, Puerto Rico, Northern Mariana Islands, and Virgin Islands from Obamacare. And all while vacationing…

As WSJ reports,

The original House and Senate bills that became the Affordable Care Act included funding for insurance exchanges in these territories, as President Obama promised when as a Senator he campaigned in Puerto Rico, the Virgin Islands and other 2008 Democratic primaries. But the $14.5 billion in subsidies for the territories were dumped in 2010 as ballast when Democrats needed to claim the law reduced the deficit.

 

As a consolation, Democrats opened several public-health programs to the territories and bestowed most of ObamaCare’s insurance regulations, which liberals euphemize as “consumer protections,” such as requiring insurers to accept all comers and charge the same premiums regardless of patient health.

However, costs soared as no insurer would touch them…

These uneconomic mandates promptly caused insurance rates to soar and many insurers to flee the territorial markets. You can’t buy any policy at any price in the Mariana Islands. So the territories have spent the last two years beseeching HHS for a regulatory exemption.

So time to change the rules… from this…

As recently as last year, HHS instructed the territories that they “have enjoyed the benefits of the applicable consumer protections” and HHS “has no legal authority to exclude the territories” from ObamaCare.

To this…

Laws are made by Congress, but all of a sudden last week HHS discovered new powers after “a careful review of this situation and the relevant statutory language.”

And thus 4.5 million people in the following 5 territories are now free of the tyrannical demands of Obamacare…

American Samoa, Guam, Puerto Rico, Northern Mariana Islands, and Virgin Islands.

*  *  *

Which leaves only one question… where does everybody else apply for their ‘uneconomic’ exemption?

OBAMA WAS RIGHT

Remember this famous declaration?

Well Obama was right. Obamacare isn’t adding a dime to the deficit.

It’s adding 12 trillion dimes to the national deficit.

The supposedly independent government drones at the CBO, who spin future deficits as positively as they can with a straight face, have concluded that Obamacare will add $1.2 trillion to the national debt over the next decade.

According to the Marketwatch:

Instead, the CBO projects that it will account for increasing chunks of deficit spending, starting at $20 billion this year and steadily increasing to $159 billion in 2024, for a collective deficit of just under $1.2 trillion. Not only does the report on the federal budget take an in-depth look at the ACA and its effects on the budget, but also on the work force in general. Most of these effects won’t hit until after the next few years, once Obamacare has had a chance to gain momentum and get going.

Of course, back in 2000 the CBO projected budget surpluses in 2010 and a National Debt of about $2 trillion. They only missed by a fraction. If they say Obamacare will add $1.2 trillion to the national debt, triple that number to get in the ballpark of reality.

And it only gets better. Obamacare will destroy jobs, as if we didn’t already know that.

One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024. But the reason isn’t that employers will be reluctant to hire; it’s that workers won’t want to rise to income levels that would cut into their health subsidies, the CBO says. The higher a person’s income, the lower the subsidy under Obamacare.

Again, the CBO is off their rocker on the optimism scale. Small businesses aren’t hiring. Small and large businesses are cutting hours of employees. The unintended consequences have only just begun. Remember, Obama has delayed all the truly horrible aspects of Obamacare until after the mid-term elections, dictatorially deciding when and how to enforce a LAW passed by Congress.

But at least we’ve all saved $2,500 per year in health insurance premium costs.

I’m sure MSNBC will be doing an expose of Obama’s lies tonight on the Maddow Show. I can’t wait to see Obama blame Bush for this multi-trillion dollar gaffe.

This economy destroying, deficit busting, job destroying law was passed solely by the Democratic Party. Why the Republicans are not willing to fight it’s implementation tooth and nail is beyond my comprehension. It just confirms that we are run by one party. The ruling party.