Health-care costs eat up record 8% of household budgets in wake of Obamacare

Remember this classic moment in lying history?

 

Millions of Americans face higher premiums, bigger deductibles

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A mother holds her sick daughter at a clinic in Aurora, Colorado.

Obamacare was supposed to reduce health expenses for Americans, but that’s not how it’s working out.

Although many have benefited from government subsidies or the ability to buy insurance, health-care costs continue to rise and eat up a bigger percentage of household budgets.

In a recent though little-noticed study, economist Ann C. Foster at the Bureau of Labor Statistics found that health costs made up a record 8% of an average household’s budget in 2014, the last year for which data is available.

That’s a 40% jump compared to 10 years ago, and a 21% increase since the Patient Protection and Affordable Care Act took effect.

Other government indexes also show prices on the rise again.

The cost of medical care as measured by the consumer price index rose 5.1% from August 2015 to August 2106, the biggest 12-month gain since the early stages of the Great Recession in 2008.

During the same span the amount of money consumers directed toward health care rose at a 5.9% clip, according to a separate report that tracks personal spending.

Higher charges for medical care or drugs certainly have played a role. Perhaps a bigger factor is an increase in deductibles absorbed by employees with company-sponsored plans or a broader use of high-deductible plans by those enrolled in Obamacare.

Deductibles reflect how much a customer pays before insurance begins. High-deductible plans have lower upfront costs or premiums, but they can be quite expensive for people or families who need regular medical care.

Another factor: slow income growth. Wages are growing much slower than health-care costs.

Not everyone is dealing with sharply higher health-care costs, to be sure. Some fare worse than others, especially those who make too much money to qualify for Obamacare subsidies. They are being socked by skyrocketing costs of plans on the Obamacare marketplace, not to mention reduced coverage.

Some insurers, such as Aetna Inc. AET, -0.61%   and UnitedHealth Group Inc. UNH, -0.64%  , have even pulled out of many state health-care exchanges.

Those are the people former President Bill Clinton was referring to last week when he referred to unintended consequences of Obamacare as being “the craziest thing in the world.”

Even leading Democrats, such as presidential nominee Hillary Clinton, who are strongly supportive of Obamacare say it needs to be improved, though a divided Congress may not go along. Republicans blame Obamacare for higher prices and a proliferation of high-deductible plans with reduced coverage.

 

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6 Comments
starfcker the deplorable
starfcker the deplorable
October 13, 2016 11:58 am

Lock your guns up before you watch this. https://youtu.be/yjXWxa2bScU

Peaceout
Peaceout
October 13, 2016 12:43 pm

I figure Obama owes me $15k and counting as I still haven’t received the $2,500 per year savings he promised me……………..POS

AA
AA
October 13, 2016 1:16 pm

it was a tax, it was not a healthcare plan.

now you need health insurance, to protect them from having 3 doctors stroll into your $2500 dollar a day room, look at your chart and each bastard charges your insurance $300 per doctor for “consult”, even though you did not invite them into the room, or ask a question, or receive treatment.

The whole sick care industry is designed to keep you reclined with at least 1 tube connected to you, in order to extract as much wealth as possible during your unplanned “visit” to the hospital.

I have never been cured or healed by a Dr., my body does the healing, they just dispense pharmaceuticals.

The nurses/therapists are the real practitioners and deserve all the credit.

unit472
unit472
October 13, 2016 2:55 pm

Last November I was diagnosed with ‘Wegener’s Disease’, an auto immune disorder that attacked my kidneys. I was told to go to the ER and then spent the next 23 days in hospital. On the first day a clerk came by and said my employer provided insurance required a $500 co pay but if I paid it then the hospital would take $50 off. I paid it. I was then put on an immuno suppressant that worked really good. So good that in January the dialysis lab discovered I had no immuno system left. I was told to report back to the ER.

My insurance plan normally ran from July 1 to July 30 but the employer decided to adopt a ‘calendar year’ system for 2016. Here’s why. I was Obamazized. Admitted to an isolation room to prevent infection I laid in the bed feeling perfectly fine and the only treatment I received was a single injection daily of something called granax that spurs your bone marrow to manufacture white blood cells. I argued with the doc er ‘hospitalist’ when he finally showed up that I wanted to go home and would come down to the hospital daily to get my shot. He rejected my request saying IF I got an infection I would need to be put on IV antibiotics. I reminded him that I drove to the hospital and only lived 8 miles away and would drive back or even call an ambulance if I felt the slightest fever or illness coming on. No go so I spent 5 days staring at the ceiling getting my daily shot.

The bill $40,000 which my insurance company negotiated down to $15,000 but I was no longer on the old insurance plan but the new Obamazized one. This requires me to co pay $6350 before my insurance kicks in. Note the difference. 23 days in hospital in November 2015 cost me $450. 5 days in hospital a month and half later $6350! Thanks nigga!

Phil from Oz
Phil from Oz
  unit472
October 13, 2016 8:18 pm

Granocyte 34 (which is what you had) IS rather expensive, but here we use the MORE expensive product (Neupogen) in order to get our Neutropaenic Patients OUT of the Hospital and back home, so saving expensive beds for Patients who NEED to be “inside”. OK there’s a risk of infection, so we give them prophylactic antibiotics to prevent that. VERY cheap, and VERY effective.

Your system does seem to have very strange priorities.

goofyfoot
goofyfoot
October 13, 2016 3:44 pm

What’s amazing to me is that even after all the Barrycare lies are written and exposed, these cuntfucks continue to try and feed us more lies from the table cloth. It does not surprise me seeing that I was visiting a Rite Aid today and Rudolph and Santa were there to welcome me in. YEEE HAWW