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Obama Says Insurance Will Be "Significantly Cheaper" Under Obamacare, But That Isn't True
The Weekly Standard ^ | August 9, 2013 | John MCCormack

Posted on 08/09/2013 4:34:52 PM PDT by Biggirl

At a White House press conference Friday afternoon, President Obama said that health insurance plans offered under Obamacare will be "significantly cheaper" than plans currently on the market, but a string of recent reports say that isn't true.

(Excerpt) Read more at weeklystandard.com ...


TOPICS: Government; Health/Medicine; Society
KEYWORDS: healthcare; medicine; obamacare

1 posted on 08/09/2013 4:34:52 PM PDT by Biggirl
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To: All

More from the horse’s mouth.


2 posted on 08/09/2013 4:35:17 PM PDT by Biggirl (“Go, do not be afraid, and serve”-Pope Francis)
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To: Biggirl

I don’t think that’s his mouth...


3 posted on 08/09/2013 4:35:58 PM PDT by John Valentine (Deep in the Heart of Texas)
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To: Biggirl

Unless you are Congress critters or their staff.


4 posted on 08/09/2013 4:36:29 PM PDT by doc1019 (Get our troops the hell out of the ME)
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To: Biggirl

Never was meant to be true.

This is yet another step to destroy the country, the middle class (into the lower class, he wants all of us poor and unable to fight back, be controlled).

This was always the plan. Now they are exempting themselves.

The elite can’t pay for it, but it will all save us money.

Right.


5 posted on 08/09/2013 4:37:36 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: Biggirl

Nothing he says is the truth, why would this be different?


6 posted on 08/09/2013 4:37:39 PM PDT by CMailBag
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To: Biggirl
"What happens on October 1, in 53 days, is for the remaining 15 percent of the population that doesn't have health insurance, they're going to be able to go on a website or call up a call center and sign up for affordable, quality health insurance at a significantly cheaper rate than what they can get right now on the individual market," Obama said on Friday.

How many states are we now up to that have stated they aren't going to be ready to meet the Oct 1 launch date?!

Apparently, Obama hasn't gotten the memo, yet!

7 posted on 08/09/2013 4:40:55 PM PDT by mellow velo (Oxymorons: jumbo shrimp, rap music, liberal think-tank)
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To: Biggirl
Obamacare Rule: $1 Pay Hike Costs Middle-Class Family $9,355 Hike in Premiums.

President Barack Obama signed the Patient Protection and Affordable Care Act into law on March 23, 2010.

When the Patient Protection and Affordable Care Act (AKA Obamacare) is fully enforced on individuals and families next year, a middle-aged, middle-class couple with three children could be hit with a $9,355 hike in their annual health-insurance premiums if their annual household income happens to increase by just $1.

See more at: http://cnsnews.com/news/article/obamacare-rule-1-pay-hike-costs-middle-class-family-9355-hike-premiums#sthash.9NR8q5NN.dpuf

8 posted on 08/09/2013 4:45:34 PM PDT by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
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To: Biggirl

“We will keep this promise. If you like your doctor you will be able to keep your doctor.” Obammy, 2010

HHS, 2013: There’s no guarantee you will keep your doctor.


9 posted on 08/09/2013 4:46:23 PM PDT by tumblindice (America's founding fathers: All armed conservatives.)
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To: Biggirl

Insurance costs equate to services. No service...


10 posted on 08/09/2013 4:47:28 PM PDT by Sacajaweau
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To: Biggirl

Scorpion: He frog, can I get a ride across the river?

Frog: Sure...what’s the worst that could happen?


11 posted on 08/09/2013 4:47:43 PM PDT by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: Sergio

Should be...

Scorpion: Hey frog, can I get a ride across the river?

Frog: Sure...what’s the worst that could happen?


12 posted on 08/09/2013 4:48:38 PM PDT by Sergio (An object at rest cannot be stopped! - The Evil Midnight Bomber What Bombs at Midnight)
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To: Biggirl

People don’t seem to be too eager to sign up for this. Maybe if enough don’t it will crash and burn. They probably won’t get all the young people they need.


13 posted on 08/09/2013 4:53:00 PM PDT by goldi
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To: Biggirl
Well, LIFE will certainly be cheaper under Hitlercare...
14 posted on 08/09/2013 4:54:43 PM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Biggirl

According to a company president I spoke with yesterday his penalty for each uninsured person will be $3,000. So, he has added $1.50 per billable hour to each person’s billing rate. That’s 2080 hours per year divided into $3,000; actually, $1.44/hr. He says this is significantly cheaper than the insurance. He has to set his rates now. If he includes insurance (he can’t get a rate quote, so he can’t really estimate) and his competitors don’t, then he will be outbid next year and out of business.

His company average billing is approximately $85/hr. Now it’s 86.50/hr. But suppose everybody made minimum wage. That’s $7.79/hr next year in Florida. If he adds $1.50/hr to his cost then his cost is $9.29/hr. The employees won’t be seeing that extra $1.50 as that’s his added cost. (Actual cost with taxes and state “penalties,” SS, etc. is approximately $7.79*1.45+$1.50=$12.79/hr) His price for product structure must reflect this added cost.

The IRS says the lowest insurance package for a family of four will be $20,000. Dividing $20,000 insurance cost by the number of hours (2,080) gives you an hourly cost of 9.61 just for the insurance. A minimum wage employee makes 7.79/hr * 2080 hrs= $16,203 dollars. That’s less than the cost of the insurance they’d buy for a family of four. Us taxpayers are supposed to make up the difference with subsidies. This is pure insanity.


15 posted on 08/09/2013 4:55:38 PM PDT by Gen.Blather
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To: Secret Agent Man

One thing that does not get talked about with Obamacare is that it is NOT insurance.

If you cannot pay the amount the government decides that the IRS will take from you, then you will be placed into your states welfare roles. And if you get sick, and require care, the state will pay...

...THEN THE STATE WILL GO AFTER ALL YOUR ASSETS TO COVER THE COSTS. AND YOU OR GRANDMA WILL LOSE YOUR HOUSE OR OTHER BELONGINGS.

There is no good side to Obama care and making sure people were covered more than they are now is not what it does.

OBAMACARE MAKES SURE THAT THE MEDICAL-INDUSTRIAL COMPLEX HAS INCOME FROM TAKING HOMES AND ASSETS FROM PEOPLE.

DO NOT FORGET THIS

________________________

Note from CNS News

People whose household income is too small to qualify for the subsidy will be put on Medicaid. People whose household income exceeds 400 percent of the FPL will get no subsidy at all.

According to the IRS, which responded to a CNSNews.com inquiry on the issue, a household earning an annual income that is just $1 more than 400 percent of the FPL is ineligible for an Obamacare subsidy, period.

As explained by both the IRS—which wrote the regulation governing the Obamacare subsidy—and the Congressional Research Service, which published a July 31 report on the matter (Health Insurance Premium Credits in the Patient Protection and Affordable Care Act), the Obamacare insurance-premium subsidy essentially works as a cap on the percentage of annual income an eligible person is required to pay in health-insurance premiums.

http://cnsnews.com/news/article/affordable-care-1-pay-hike-costs-middle-class-family-9355-hike-premiums


16 posted on 08/09/2013 4:56:48 PM PDT by Chickensoup (200 million unarmed " people killed in the 20th century by Leftist Totalitarian Fascists)
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To: Biggirl

So Barry is a liar. What else is new?


17 posted on 08/09/2013 5:03:39 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Georgia Girl 2

Exactly. He’s a chronic liar. Period.


18 posted on 08/09/2013 5:08:49 PM PDT by tumblindice (America's founding fathers: All armed conservatives.)
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To: Biggirl
Well, apples to apples, sure, it'll probably start out cheaper. A 40 year old woman who wants maternity and prenatal care on her insurance, with full coverage of birth control, at least one yearly physical, and a $500 yearly deductible - yes, it will be cheaper.

However, if you're presently a 40 year old woman who has no intentions of having a child, don't care about a yearly physical, and carry a $2,500 yearly deductible as you're more worried about having the coverage in case of an accident, then your rates are just about to go through the roof. And if you're a 40 year old guy? Your rates are at least going to double, if not triple from today's prices.

The problem is that some desk jockey gets to determine what benefits you can have and which you must have. College students are also going to take a heavy hit as well - most universities now require health insurance coverage, and income for these students will be calculated off of their parent's income - more 'college debt' as universities helpfully charge these insurance plans to the student account so you can finance it with a student loan.

19 posted on 08/09/2013 5:17:26 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Biggirl
Everyone, including The One, knows this is not true.

The only reason I can think of to keep up the pretense is to keep the street corner beggars, hookers, pimps and drug dealers happy, along with all the other clueless people who voted for this fool twice.

20 posted on 08/09/2013 5:21:39 PM PDT by elkfersupper
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To: Biggirl
At a White House press conference Friday afternoon, President Obama said that health insurance plans offered under Obamacare will be "significantly cheaper" than plans currently on the market,

Well, for certain people, it will be.

21 posted on 08/09/2013 5:27:00 PM PDT by UCANSEE2 (The monsters are due on Maple Street)
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To: Biggirl

Ours is going up $5K. Combine that with no raises for each of us the past five years and the skyrocketing cost of living and frugality becomes essential, not optional, for our middle class family.
* We’ve always been frugal, it’s just that now we have to be. Good thing we’re used to it.


22 posted on 08/09/2013 5:30:41 PM PDT by goodwithagun (My gun has killed fewer people than Ted Kennedy's car.)
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To: Biggirl

Affordable Health Care, or Affordable Insurance for Health Care. Which is it?

Health insurance is an exceedingly bad idea when faced with the propensity for fraud and abuse on both the consumer and provider end of things. Throwing an inept government into the mix is asking for real trouble.


23 posted on 08/09/2013 5:58:38 PM PDT by Fester Chugabrew
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To: Biggirl

Impeachment File on Communist, Benghazi Coward “B. Hussein Obama,” formerly known as Barry Soetoro, currently a Legal Citizen of the Sovereign Nation of Indonesia.


24 posted on 08/09/2013 6:35:37 PM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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To: Biggirl

———President Obama said that health insurance plans offered under Obamacare will be “significantly cheaper” than plans currently on the market, but a string of recent reports say that isn’t true.-——

This is an example of “socialist Realism” .....dictated by Stalin in the 1930 that all writers will write about the glorious future of the Soviet Union as if it already was a reality, regardless of the actual current reality...


25 posted on 08/09/2013 6:49:34 PM PDT by JZoback
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To: Biggirl

Of course it won’t be cheaper! Here in Minnesota, Democrat Governor Dayton is trying to get a waiver for Minnesotacare, because “Obamacare is too expensive for the poor.”

Unh-hunh.


26 posted on 08/09/2013 7:08:24 PM PDT by Thorliveshere (I wish I lived in Texas.)
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