The $4,000 Family Healthcare Tax Breaks Obama Promise

NetRight Nation ^ | October 14, 2009 | Robert Romano

[NetRight Nation]

When Barack Obama ran for president, he promised that his health care plan would "lower health-care costs by $2,500 for the typical family." Now, it turns out that new legislation that he supports creating public-private "co-operatives" will increase the costs of family health insurance by $4,000 by 2019.

And that, in fact, may be the point of his entire ObamaCare packaged.

A recent Price Waterhouse Coopers report released by America's Health Insurance Plans (AHIP) stated, "by 2019 the cost of single coverage is expected to increase by $1,500 more than it would under the current system and the cost of family coverage is expected to increase by $4,000 more than it would under the current system.”

The report continues, “This amounts to an additional 18 percent increase in premiums by 2019.” The report states that this average increase is a “composite of increases by market segment”: a 49 percent increase for the individual market, a 28 percent increase for employers with fewer than 50 employees, an 11 percent increase for larger employers, and a 9 percent increase for self-insured employers.

This, of course, is not what Barack Obama promised. But it may be what he actually wants—to radically increase the cost of private insurance so that American families are forced onto government-run health care.

[DonaldC]

I don’t know where this health care mess is going to end up, but I just signed up for my company’s plan for next year, it the total is going to be $10,500. This is just nuts.

[IrishCatholic]

bookmark.

[sbMKE]

Biden in VP debate - (John McCain’s) plan to tax healthcare a “road to nowhere.”
http://www.youtube.com/watch?v=l5wxCkH4PVM

Obama ‘08 ad - attacks McCain on healthcare - on points that are now part of the Dem plan.
http://www.youtube.com/watch?v=7l8ZOMd468o

[Sacajaweau]

I'm have Medicare. I also belong to a GOVERNMENT APPROVED HMO...and pay a premium.

The government took thousands of dollars out of my paychecks for years for Medicare. Now, they take $96 a month out of my SS check.

Boy, was I blind. Never knew they were going to hit my SS check. I thought I had PRE PAID Medicare coverage.

So, here I am at age 66.....paying $1600 a year for health insurance and $1300 a year for food.

[swain_forkbeard]

The cost for those who can pay must go up to pay for those who qualify (by whatever means) for subsidized or free health insurance. Like public education, this is a scheme to get the middle class to pay for the poor.

[ClearCase_guy]

As I perceived it, the basic Obama promise was three-fold:

1) More Healthcare
2) Better Healthcare
3) Cheaper Healthcare

The old saying is usually "Pick any 2 of these three". But Obama seemed to be promising all three simultaneously. No intelligent person would believe that to be possible -- but the voters seemed to swallow it.

[Stegall Tx]

Even though the Dims are denying it, I believe the estimated $4,000 increase in the cost of a health plan is just what they desire. Remember, they are going to tax any amount over $8,000 paid for an employee's health insurance at 40%, so they need to get as many people into that taxable bracket as possible.

Which brings up an interesting point from Hot Air's Green Room: At what point is the tax for not signing up for a health plan going to be cheaper than the health insurance itself. If it costs me $500 per month in extra tax or $600 per month for a health care premium, why pay the extra $100 just to carry insurance?

Especially since no insurance company can refuse to insure me due to a pre-existing condition, why not wait until the symptoms show up, then start paying the premium?

Perhaps they are just playing the odds that Americans can't add.

[Blood of Tyrants]

And the Baucus bill will tax the insurance benefits that your employer provides adding an additional $1000 to $2500 to the average family’s tax bill.