Posted on 10/02/2013 11:13:21 AM PDT by MichCapCon
Michigan media reports are full of happy talk related to information released by the U.S. Department of Health and Human Services on individual insurance rates available on the Obamacare “exchange.”
Specifically, the law’s cheerleaders are boasting that rates here will be “less than the national average.”
Note what the reports are not saying: The exchange rates appear to be much higher than rates for individual insurance policies available before the law goes into effect.
According to preliminary analysis by Manhattan Institute scholar Avik Roy, the cost of the cheapest policy available to a 27-year-old Michigan man or woman will be 166 percent and 167 percent higher, respectively, compared to the cheapest rate available before the law goes into effect. For 40-year-old men and women, the cheapest rates will be 76 percent and 131 percent more, respectively.
Says Roy: “In both the 27-year-old and 40-year-old comparisons, we adjusted the pre-ACA rates to take into account people who would be charged more for insurance, or denied coverage altogether, due to a pre-existing condition, using the same methodology we’ve used in the past.”
Moreover, for most people the subsidies issued through the exchange will not compensate for the higher prices. In other words, most individuals will pay more even after getting a taxpayer funded subsidy, if they are eligible. Those who are not eligible will be even worse off.
Nationwide, “Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and for younger women by an average of 55 to 62 percent,” reports Roy.
Read more about rate increases in Michigan and elsewhere in Avik Roy’s article in Forbes.
NO (non-FOX) major media types want to be the first one to sing this song, because they know it means screams of RACISM!, the likely end of their careers, their kids threatened at school, etc.
Plenty of ended career examples out there for them to look at already.
This is how it was for anyone that spoke against the tide in 1930’s Germany, too.
If “OBAMACARE SUBSIDY HEALTH INSURANCE TAX,” aka OSHIT, is so popular, then why isn’t Mr. Michelle Obama enrolled?
This is enrollment day number TWO, Barry: tick-tock - - -
As I’ve ranted in related threads, clueless taxpayers are probably going to have to get burned by Obamacare taxes before they’re going to get off their couches and exercise their voting muscle to kick the socialists out of the government.
I was going to look but I don’t want to put my name on anything unless I absolutely have to.
You’re on FR.
You can’t get more “condemned” by the Fedgov than you are already.
Stay off the web-site if you have insurance. By registering to see the tiers the system assumes you do not have insurance and you’ve been flagged for the IRS to harass you.
Stay off the web-site if you have insurance. By registering to see the tiers the system assumes you do not have insurance and you’ve been flagged for the IRS to harass you.
Part of the army of new IRS employees hired (accountants and attorneys) is to match up tax returns with information provided by health insurers.
You don’t need to tell them if you have insurance or not, the fedgov is compiling a database for it.
This is why this needs to happen. Hang this disaster around their exempted necks.
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