Posted on 11/15/2013 7:33:32 AM PST by SeekAndFind
Remember the claims from our friends on the Left, when the massive raw increases in the ObamaCare-compliant insurance premiums were exposed, that the subsidies from the taxpayers would mean the out-of-pocket expenses for ObamaCare insurance premiums would more than cover said raw increases for the average person? That’s just been blown out of the water, as the Daily Mail reports (H/T – John Ekdahl):
The Obama administration has directly conceded for the first time that ‘in many cases,’ health insurance plans offered through government exchanges are more expensive than plans consumers bought before the Affordable Care Act became law – even when government subsidies are figured in.
In a letter to state insurance commissioners, Center for Consumer Information and Insurance Oversight director Gary Cohen wrote on Thursday that one reason for the new Obamacare measures the president announced Thursday is that millions of consumers receiving cancellation letters from their insurers are learning the Affordable Care Act options are in fact less affordable.
‘Although affected individuals and small businesses may access quality health insurance coverage through the new Health Insurance Marketplaces,’ Cohen wrote, ‘in many cases with federal subsidies, some of them are finding that such coverage would be more expensive than their current coverage, and thus they may [be] dissuaded from immediately transitioning to such coverage.’
That letter, which begs the states to go along with this scheme, contains the conditions of the implementation of the 1-year administrative federal delay in the forced cancellation of existing individual and small-group policies, including not only a limitation of the exemption to policies that were in effect as of October 1, but a notice mailed out to all those whose plans either were or would have been cancelled that includes mentions of:
(1) any changes in the options that are available to them; (2) which of the specified market reforms would not be reflected in any coverage that continues; (3) their potential right to enroll in a qualified health plan offered through a Health Insurance Marketplace and possible qualify for financial assistance; (4) how to access such coverage through a Marketplace; and (5) their right to enroll in health insurance coverage outside of a Marketplace that complies with the specified market reforms.
AP already noted this isn’t flying too well with either the insurance companies expected to clean up the mess the Obama administration created or the states who need to let the blame be shifted back to the insurance companies.
But, but 0blame-a himself and countless others - like Dr Death Ezekiel Emanuel - even said these new marketplace policies would be less expensive than those pesky old *free market* policies!!
So... I guess that “$2500 savings” thing was a “misstatement” too.
It has to be photoshopped, or she truly is one wicked witch.
Socialism Costs Too Much!!!
Benghazi; Never Forget.
Suckers. Period.
ObamaCare premiums more expensive than old premiums even with subsidies says… Obama administration
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The largest most regressive tax increase in the history of the country and foisted upon the youth.
Why aren’t the politicians talking about THAT!
…nevermind (sorta)Best point made since Oct 1st, 2013!!! (or even March of 2010)
I keep waiting for and expecting some economists to come out with an analysis of what the impact of this is going to have on the economy. What will be in the impact of 4-5 million American families having, let’s say, $300 per month pulled out of their budget and discretionary spending? I would think that would be a big deal! I would think it might impact this year’s Christmas holiday shopping... This is no longer just speculation but real live REALITY bearing down on this country. May God help us!
While I won’t represent myself as an economist (with only a bachelor’s degree in the dismal science), I expect the effect will be precisely the one you expect: ObamaCare’ s implementation will be equivalent to a massive tax increase. Coming as it is in a stagnant economy, we will see a significant drop in Christmas buying (this is already showing up in surveys of consumer gifting expectations), vacation, movie, restaurant purchases, new car buying, and other usually postponable expenditures. Expect any day to start hearing reports of dealer inventories in car dealerships growing uncomfortably large, hotel occupancy rates declining, etc.
These subsidies will come out of the pockets of Middle income families, so the fact is the Middle income families will be getting raped by higher insurance premiums ,while getting analised, by having to pay to subsidize someone else’s insurance. Double Penetration.
And in order to not be called racist we are supposed to say Thank You Massa Obama Suh. Can I have some more? Could you please place me farther in debt?
And...who funds those damnable subsidies?
Yep.
Time to start planning on how to fully join the 47%ers and get the goodies,, doesn’t matter anymore as the dollar is doomed... besides it’ll free up some time to work against the Kenyan and whoever follows him..
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