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WyBlog, the best thing about New Jersey since the invention of the 24 hour diner.
Chris Wysocki
Caldwell, NJ
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Hey! I've moved to He's Pretty Fly For A Jersey Guy.
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Wednesday, 26 September 2012
Obamacare, now with a 23% increase in Medicare prescription drug premiums!
Remember when President Obama assured us that his health care reform legislation would reduce costs? Me neither.
Millions of senior citizens enrolled in some of the most popular Medicare prescription drug plans face double-digit premium hikes next year according to a private firm that analyzes the highly competitive market.
Seven of the top 10 prescription plans are raising their premiums by 11 percent to 23 percent, according to a report this week by Avalere Health.
Just last month Barry said premiums would remain flat!
In August, officials had announced that the average premium for basic prescription drug coverage will stay the same in 2013, at $30 a month.
So why are the premiums going up? Expanded coverages! Close that "doughnut hole" and somebody's gotta pay. Turns out it's us.
But what did you expect from the guy who promised us a $2500 annual premium reduction only to deliver a $3000 average increase? He lied through his teeth and gullible Americans ate it up.
That had better not happen again, because you simply cannot trust a word Barack Obama says, including "and" and "the".
UPDATE 26 Sep 2012 10:55:
But wait, there's more!
Students at Portland State University will see their premiums jump from $444 to $1,680 thanks to Obamacare-mandated increases in coverage. How's that Hope and Change working out for you now kids?
Posted at 10:34 by Chris Wysocki
[/obamacare]
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