The Senate ObamaCare Bill: More Gouging of Taxpayers, Higher Premiums

This is the piece of crap Queen Nancy thinks should be passed so that we can “see what’s in it”. Never mind reading it before hand.

From the Congressional Buudget Office:

Well, the CBO analysis does say, flatly, that “the average premium per person covered (including dependents) for new nongroup policies would be about 10 percent to 13 percent higher in 2016 than the average premium for nongroup coverage in that same year under current law.” This affects the roughly 17 percent of Americans below age 65 who do not get their insurance from their employers.

Why are premiums going up? CBO cites the combination of three factors:

•Premiums would be 27-30% higher because coverage would be better. The law, for example, requires that all policies cover maternity care, prescription drugs, mental health & substance abuse and no denial of coverage for pre-existing conditions.
•Premiums would be 7 to 10 percent lower b/c of changes to the way the individual market is structured.
•Premiums would be 7 to 10 percent lower b/c of an influx of more people, many of them healthy, into the insurance market.
The net effect of those three factors: Premiums would be 10 to 13 percent higher for the average policyholders.

……The bill also includes generous subsidies for families with incomes under $88,000. Those who get taxpayer subsidies would see their out-of-pocket premium cost reduced by “roughly 56 to 59 percent.” And 57 percent of those in the individual market would be eligible for subsidies.

Three final, important points:

•For the much larger group of Americans who get their insurance from their employers, CBO says premiums would be “zero to three percent” lower than under current law.
•None of this takes into account the new tax on so-called “Cadillac” plans. CBO says the tax would be passed on to policyholders in the form of higher premiums.
•CBO says its estimates include “a substantial degree of uncertainly.” Not even the wizards at CBO can say for certain what will happen to your premiums.

That 10% to 13 % equals a RISE of $2,300 in premiums. Again, taxpayers would foot the bill for the perpetually non-working, able-bodied poor. If a breadwinner makes $88,000, a year, there’s no reason why they can’t pay their own premiums.

If anyone believes that the regulations and penalites in ObamaCare will apply to politicians, I’ve got a huge piece of ocean-front property to sell you….in Arizona.
Related articles:
http://boortz.com/nealz_nuze/2010/03/the-truth-about-the-senate-bil.html
http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Obama-promised-2500-health-care-savings-CBO-says-plan-is-2300-increase-87250202.html
http://cbo.gov/ftpdocs/107xx/doc10781/11-30-Premiums.pdf

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