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Snake Oil

September 24, 2013

 

 

Via Flopping Aces

 

“We told you so, you frickin’ idiots” just doesn’t seem strong enough

September 23rd, 2013 by DrJohn

It seems like yesterday when the gullible left fell under the spell of the snake oil salesman….

 

“If you’re one of the more than 250 million Americans who already have health insurance, you will keep your health insurance. This law will only make it more secure and more affordable.”

— President Barack Obama, June 28, 2009

“If you like your health care plan, you can keep your health care plan.”

— President Barack Obama, Aug. 11, 2009

“If you are among the hundreds of millions of Americans who already have health insurance through your job, or Medicare, or Medicaid, or the VA, nothing in this plan will require you or your employer to change the coverage or the doctor you have.”

— President Barack Obama, Sept. 9, 2009

Did I mention that the check is in the mail? One thing for sure is that Obama won’t respect you in the morning any more than he does now. Health care costs are going up, and by aLOT

 

It was one of candidate Obama’s most vivid and concrete campaign promises. Forget about high minded (some might say high sounding) but gauzy promises of hope and change. This candidate solemnly pledged on June 5, 2008: “In an Obama administration, we’ll lower premiums by up to $2,500 for a typical family per year….. We’ll do it by the end of my first term as President of the United States.” Unfortunately, the experts working for Medicare’s actuary have (yet again[1]) reported that in its first 10 years, Obamacare will boost health spending by “roughly $621 billion” above the amounts Americans would have spent without this misguided law.

What this means for a typical family of four

$621 billion is a pretty eye-glazing number. Most readers will find it easier to think about how this number translates to a typical American family—the very family candidate Obama promised would see $2,500 in annual savings as far as the eye could see. So I have taken the latest year-by-year projections, divided by the projected population and multiplied the result by 4. Simplistic? Maybe, but so too was the President’s campaign promise. And this approach allows us to see just how badly that promise fell short of the mark. Between 2014 and 2022, the increase in national health spending (which the Medicare actuaries specifically attribute to the law) amounts to $7,450 per family of 4.

The NY Times apparently is unable to fend off reality any longer either:

 

WASHINGTON — Federal officials often say that health insurance will cost consumers less than expected under President Obama’s health care law. But they rarely mention one big reason: many insurers are significantly limiting the choices of doctors and hospitals available to consumers.

From California to Illinois to New Hampshire, and in many states in between, insurers are driving down premiums by restricting the number of providers who will treat patients in their new health plans.

But I thought you could keep your doctor! And doctors are taking a hit

 

When insurance marketplaces open on Oct. 1, most of those shopping for coverage will be low- and moderate-income people for whom price is paramount. To hold down costs, insurers say, they have created smaller networks of doctors and hospitals than are typically found in commercial insurance. And those health care providers will, in many cases, be paid less than what they have been receiving from commercial insurers.

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Source: http://m.floppingaces.net/2013/09/23/we-told-you-so-you-frickin-idiots-just-doesnt-seem-strong-enough/?wpmp_switcher=mobile

 

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