"We agree on reforms that will finally reduce the costs of health care," -President Barack Obama's remake on Health Care Reform leading to Obamacare - December 15th, 2009
"Lower your premium by up to $2,500 per family per year," Senator Barack Obama on August 8th, 2008
"We are going to work with you to lower your premiums by $2,500. We will not wait 20 years from now to do it, or 10 years from now to do it. We will do it by the end of my first term as president." -Senator Barack Obama in Columbus, Ohio on Feb 27th, 2008
Yet, the latest annual Kaiser Family Foundation employee health
benefits survey revealed Premiums for employer-provided family
coverage increased 24% ($3,065) from 2008 to 2012 since Obama began
to promise a premium cut of $2,500 per year.
Premiums have skyrocketed to $2,370 since 2009 when Obama took office.Source: Exhibit 1.11
"If you like your current insurance, you will keep your current insurance." -Obama's Promise that he made repeatedly while campaigning for his health care law
Yet, the New York Times reports that employers have started to scale down their health care plans in order to avoid the Cadillac tax, a 40 percent excise tax on the amount exceeding the government mandated level.
"Competition and choice are pushing down costs in the individual market, just like the law was designed to do. The 13 insurance companies that were chosen by Covered California have unveiled premiums that were lower than anybody expected." -President Barack Obama's statement on Obamcare at the Fairmont Hotel, San Jose, California on June 7th, 2013
Yet, Peter Lee, the Director of California's Exchange, said "some consumers will have prices that go up. There may be some sticker shock." Blue Shield of California said health premiums will go up an average of 13 percent for their policyholders next year due to the growth in health care spending.
According to Avik Roy of Forbes, Californians will experience a Rate Shock as Obamacare will increase premiums from 64 to 146 percent in 2014.
According to The Looming Premium Rate Shock published by the House Energy and Commerce Committee, premiums for new customers in the individual market could increase to 413 percent, an average yearly $1,812 cost increase from $1,896 to $3,708.
Regardless of what the real premium increases will be in 2014, Obamacare will always redistribute wealth since Obamacare requires those not eligible for subsidies to pay higher insurance premiums* and higher taxes to pay for those subsidies to low-income individuals.
*Insurers can make premium adjustments based on age, geographical
location, and tobacco use under “modified community rating,”
“I don’t remember saying that everybody would have a lower premium.” -Pelosi - afflicted with Botox Amnesia?
Due to Obamacare, "Everybody will have lower rates, better
quality care, and better access.." -Pelosi on Meet the Press - July 1, 2012
After four years of being treated with the Botox of Barack $h!+, Porkulus Pelosi was Botoxed In by Her Obamacare Lie.
We can expect the Barack $h!+ to keep rolling from the King and Queen of Obamacare to offset the $36.3 billion tax increase in 2013 and the dismal public support of Obamacare revealed in the Kaiser Health Tracking Poll - only 35 percent of Americans support Obamacare as of April, 2013.
Ironically, Senator Max Baucus, a key architect and proponent of Obama's healthcare reform law, told Health and Human Services Secretary Kathleen Sebelius that he sees, "a huge train wreck coming down" in implementing the provisions of Obamacare, Perhaps, the Onion, a satirical fake-news source, lampoon of Senator Baucus in their "I'm Such A Shitty Senator" foreshadowed his healthcare reform law.