healthmyths
Platinum Member
- Sep 19, 2011
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Reality of the Cost to Taxpayers:
Costs Much Higher Than Promised
The Congressional Budget Office (CBO) has raised its initial 10 year costs estimates from $940 billion to $1.76 trillion. Since the government has no money of its own, it must take close to a trillion dollars more from tax payers in order to afford the first 10 years of Obamacare.
Every year after 2021, Obamacare will cost more than a quarter trillion dollars based on today's estimates.
These numbers will only get worse in time because moral hazard will necessarily cause the amount of claims to rise relative to the cost.
For example, how much music do you download on bitTorrent (free) vs. iTunes ($1.00/song)?
Not only have aggregate costs risen, but projected premiums for families have also gone up.
Initially, health reforms were projected to save families over $2,500, but more recent studies by the CBO estimate such premiums costing more than $1,500 above what they otherwise would have.
How Obamacare Will Hurt Tax Payers and Stop the Economic Recovery
In fact the people that determine health insurance premiums, i.e. ACTUARIES... experts... say they will calculate premiums to :
So for example the experts that determine based on hundreds of factors have told people that when 2014 /Obamacare starts.
THEY calculated and the updating of rate charts,sales material etc.. and this is what the actuaries..."experts" have said will happen:
A nationwide study conducted by Milliman Inc. for the Society of Actuaries found that nationwide the premiums in the individual market would increase from 8 to 37 percent in 2014 with a cumulative increase of as much as 122 percent between 2013 and 2017!!!
Take the time like I did download from the Society of Actuaries SOA - Society of Actuaries - Design and Implementation Considerations of ACA Risk Mitigation Programs and see health insurance premiums will increase 122%!
I'm not saying it.. the actuaries are saying that when Obama said During his first campaign for the presidency in 2008,
the president promised that his health reform plan would bring down premiums by $2,500 for the typical family by the end of his first term.
Although President Obama repeatedly claimed that health-insurance premiums for a family would be $2,500 lower by the end of his first term, they are actually about $3,000 highera spread of about $5,500 per family.
Matthews and Litow: ObamaCare's Health-Insurance Sticker Shock - WSJ.com
So Obama... why did the premiums GO UP $3,000 when you said they'd go down $2,500? A difference of $5,500!
Once again the Liar-In-Chief is caught in another example of ineptitude, incompetence and obviously gross lack of knowledge when it comes to insurance!
Costs Much Higher Than Promised
The Congressional Budget Office (CBO) has raised its initial 10 year costs estimates from $940 billion to $1.76 trillion. Since the government has no money of its own, it must take close to a trillion dollars more from tax payers in order to afford the first 10 years of Obamacare.
Every year after 2021, Obamacare will cost more than a quarter trillion dollars based on today's estimates.
These numbers will only get worse in time because moral hazard will necessarily cause the amount of claims to rise relative to the cost.
For example, how much music do you download on bitTorrent (free) vs. iTunes ($1.00/song)?
Not only have aggregate costs risen, but projected premiums for families have also gone up.
Initially, health reforms were projected to save families over $2,500, but more recent studies by the CBO estimate such premiums costing more than $1,500 above what they otherwise would have.
How Obamacare Will Hurt Tax Payers and Stop the Economic Recovery
In fact the people that determine health insurance premiums, i.e. ACTUARIES... experts... say they will calculate premiums to :
So for example the experts that determine based on hundreds of factors have told people that when 2014 /Obamacare starts.
THEY calculated and the updating of rate charts,sales material etc.. and this is what the actuaries..."experts" have said will happen:
A nationwide study conducted by Milliman Inc. for the Society of Actuaries found that nationwide the premiums in the individual market would increase from 8 to 37 percent in 2014 with a cumulative increase of as much as 122 percent between 2013 and 2017!!!
Take the time like I did download from the Society of Actuaries SOA - Society of Actuaries - Design and Implementation Considerations of ACA Risk Mitigation Programs and see health insurance premiums will increase 122%!
I'm not saying it.. the actuaries are saying that when Obama said During his first campaign for the presidency in 2008,
the president promised that his health reform plan would bring down premiums by $2,500 for the typical family by the end of his first term.
Although President Obama repeatedly claimed that health-insurance premiums for a family would be $2,500 lower by the end of his first term, they are actually about $3,000 highera spread of about $5,500 per family.
Matthews and Litow: ObamaCare's Health-Insurance Sticker Shock - WSJ.com
So Obama... why did the premiums GO UP $3,000 when you said they'd go down $2,500? A difference of $5,500!
Once again the Liar-In-Chief is caught in another example of ineptitude, incompetence and obviously gross lack of knowledge when it comes to insurance!
