Posted on 08/03/2013 3:15:18 AM PDT by IBD editorial writer
The average price for the lowest-cost ObamaCare "bronze" plan in eight states is 122% higher than the cheapest plan currently available in those states, according to an IBD analysis of rate filings and a recent Government Accountability Office report.
The late July report, largely overlooked by the press, provides detailed information on insurance plans today in all 50 states, from the cheapest plans offered to a 30-year-old nonsmoker to the most expensive plans 55-year-old couples can buy.
A separate report from the Maryland insurance department lists the lowest-cost "bronze" plans proposed for ObamaCare exchanges in eight states.
Comparing the two reveals a wide gulf between the cheapest plans available now and those that will be sold next year under ObamaCare.
(Excerpt) Read more at news.investors.com ...
Not to thinking folks. We knew all along. . . .
Can we just blame the big insurance cos?
If there was only (Single payer?) the govmnt it would be way cheaper.
Yeah but they’re subsidized and I’ve read articles that say there is no real way under the current guidelines to check the income you report. Just sayin’.
Who would have guessed that adding coverage most people don’t want, requiring coverage for those with preexisting conditions or who only apply once they need expensive care, and adding massive amounts of new government paperwork would raise prices? That’s unexpected.
But Congress and Obama had no problem throwing their hands up into the air, saying they had no choice to levy 50% of all Sequestration "payment" onto the US military, despite it being only 17% of the budget.
According to Rep "Buck" McKeon, the Chairman of the House Armed Services Committee, the military was cut deeply twice before Sequestration (all over ten years): $330 Billion in 2009, $487 Billion in 2011, and now $650 Billion in 2013. All of those deep cuts have overlapped into the fiscal murder of the US military.
So while pantywaist Congressional staffers get their pigheaded bosses to move at light speed to make sure that their own paychecks are not adversely affected by ObamaCare, this is what they have done to DoD civilians who have been furloughed and have had 20% of their paychecks stolen from them:
Nice, huh? Where is the outrage? There isn't any.
Even our nurses at Walter Reed caring for combat wounded are furloughed.
Such a simple plan - raise the prices dramatically, provide a subsidy to make the people dependent on the government, sign up new voters along with Obamacare enrollment - it was always about power and control, not health care.
A report for Maryland, that Maryland’s butt kissing Governor will ignore.
Then he wants is to elect his Mini me-—Brown for another 4 years.
Hopefully Maryland has had enough of Democrat Governors for a while. I only wish we could retire Steny Hoyer and Cardin, and Mikulski, the bridge troll.
So, what difference dies it make now, as long as Congress, their staffs and the unions are all exempt? The plan was to stick it to everyone else all along and the plan WILL work!
“... it was always about power and control, not health care.”
***
Of course. Which is why the Republicans won’t do anything beyond a meaningless vote in the House to get rid of it. Doesn’t matter if the Republicans win the Senate next year or the White House in 2016 — they want the power just as much as the Democrats. Such power is intoxicating and not easy to give up.
Don’t ever allow someone else, especially the government, decide what you can afford and what you cannot.
The only good thing about Obamacare is it will crash the economy....and the dems will pay the price...
Realistic assessment:
To live, we must die. To eliminate Obamacare there must be tragic disruption and destruction.
It has been described as a train wreck. Excessive speed, down hill grade, poor or no brakes, a series of curves...... wreck
“He was going down the grade making ninety miles an hour
When his whistle broke into a scream
He was found in the wreck with his hand on the throttle
Scalded to death by the steam”
“The Wreck of Old 97”
“$1,956 a year.”
In Canada - the current plan is (depending on the province), runs about 50 a month. So not only is this a bad deal in general, it’s a bad deal costing 3x what they do in Canada.
And this is the best deal that Obamacare can do? What a turd.
I don’t think anyone should get too worked up about what Obamacare insurance costs. You don’t need to actually buy the insurance until AFTER you get really sick anyway, at which point it will be a bargain no matter what the costs. And during the first few years, the “fines” for not buying insurance are trivial, and even later, you can avoid actually paying any fine if you always under withhold your tax payments because there is no means to collect the fine except from any excess withholdings.
And I think this is pretty much how it’s going to play out. It’s how socialism works: take as much as you can from the system and give as little back as possible. That’s what “to each according to their needs and from each according to their ability” really boils down to, namely everyone has infinite needs and very few have any real ability.
Obamacare is designed to fail. It’s designed to collapse the system, being a classic Cloward–Piven strategy. And I don’t even think single-payer is the real goal. The real goal is simply one more step towards total destruction of the U.S. as a prosperous nation.
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