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Chris Wysocki
Caldwell, NJ
The nine most terrifying words in the English language are "I'm from the government and I'm here to help." - Ronald Reagan
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Over the past 10 years health insurance costs have risen nearly 5 times faster than income.
The Commonwealth Fund, a privately funded, New York-based health research clearinghouse, looked at premiums across the conutry and found the average cost of a family health insurance plan is just above $15,000 — up 62 percent since 2003.
Median family income rose only 11 percent during the same time period, the report said.
In New Jersey, average premiums for a single payer have risen to $5,673 — up from $3,814 in 2003. For a family, the price has gone up to $15,589 — up from $10,168. All while incomes in the Garden State have basically stagnated in the last decade.
And it's not just premiums that increase. Because employers must pay more for healthcare, there is less money to be doled out in raises to employees.
The study's author's believe that the Affordable Care Act makes small steps toward reduce the rate with which costs increase, but predicts they will still rise far faster than median income.
Obamacare: You get less than half the value at more than twice the price!
I think Democrats call that "fairness".
Meanwhile in California, rates are going up twenty percent next year.
Blue Shield of California is calling for a 20% rate hike on some individual policyholders. The company expects higher costs from an influx of new customers under the federal healthcare law in 2014.
Remember when Obama said we'd save $2,500 per year on our health insurance?
Me neither.
Then there's all the crippling taxes buried in Obamacare's fine print. They had to pass the bill to find out what's in it dontcha know. And when they found out, they weren't happy.
Sixteen Democratic senators who voted for the Affordable Care Act are asking that one of its fundraising mechanisms, a 2.3 percent tax on medical devices scheduled to take effect January 1, be delayed. Echoing arguments made by Republicans against Obamacare, the Democratic senators say the levy will cost jobs — in a statement Monday, Sen. Al Franken called it a "job-killing tax" — and also impair American competitiveness in the medical device field.
Wait, raising taxes kills jobs? Why wasn't I informed!
Oh, I see, raising taxes on people who vote for Al Franken kills jobs. Raising taxes on Republicans? That's patriotic!
Chalk up the "Affordable" Care Act as yet another one of those government oxymorons like "military intelligence" or "bureaucratic efficiency". They're from the government and they're here to help you go broke.
UPDATE 14 Dec 2012 09:49:
Linked by Doug Ross and Conservative Hideout. Thanks!
Posted at 14:40 by Chris Wysocki
[/obamacare]
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