March 17, 2010
In Obama’s bizarro world, health care at gunpoint will reduce premiums. Obama went to Cleveland recently and peddled his fantasy world. “You’ll be able to buy in, or a small business will be able to buy into this pool,” Obama said. “And that will lower rates, it’s estimated, by up to 14 to 20 percent over what you’re currently getting. That’s money out of pocket,” reports the Associated Press. “Your employer, it’s estimated, would see premiums fall by as much as 3,000 percent, which means they could give you a raise.”
|Obama had summoned Kucinich to Air Force One and Dennis kissed the ring.|
Or rather money taken out of your pocket by a predatory state.
In fact, according to reality-based experts, Obamacare enforced by cops and SWAT teams will crank up your premiums.
Premiums are likely to keep going up even if the health care bill passes, experts say. “There’s no question premiums are still going to keep going up,” said Larry Levitt of the Kaiser Family Foundation, a research clearinghouse on the health care system.
If cost controls work as advertised, annual increases would level off with time. But don’t look for a rollback. Instead, the main reason premiums would be more affordable is that new government tax credits would help cover the cost for millions of people, according to the Associated Press.
Of course, any “tax credit” realized under the scheme will be annihilated in the coming months and years as the federal and state governments raise taxes to cover the losses to their shakedown due to the engineered collapse of the economy.
Obama’s voodoo math was a mistake, according to a White House spokesman. If health care costs dropped by 3,000 percent, as Obama said, government health care would be free many times over. In fact, Obama meant to say $3,000 not 3,000 percent.
- A d v e r t i s e m e n t
Where did Obama get the $3,000 figure? From a report produced for the Business Roundtable, an association of big company CEOs. The report was issued in November and did not consider the final legislation Democrats in the Congress plan to ram through without actually voting on it.
Obama’s claim that an individual will save 14 percent to 20 percent comes from a Congressional Budget Office report based on earlier Senate legislation. The premium reduction of 14 percent to 20 percent that Obama cited would apply only to a portion of the people buying coverage on their own.
In December, the Congressional Budget Office and the Joint Committee on Taxation said people who pay for their own insurance would see a higher bill.
Meanwhile, Obama managed to arm-twist one-time totalitarian care opponent Dennis Kucinich into backing the plan Democrats say they will enact without votes in Congress. Obama had summoned Kucinich to Air Force One and Dennis kissed the ring. “Even though I don’t like the bill, I’ve made a decision to support it in the hope that we can move to a more comprehensive approach once this legislation is done,” he told reporters.
Apparently Kucinich no longer consider Obama’s totalitarian care plan a sham. In October, he said the entire legislative package was “a bailout for insurance companies.” The American people are “being mandated to buy private insurance. If you read the bill, the people are going to end up paying — the insurance companies can raise rates 25 percent right off the bat, if you read the bill,” said Kucinich.
Dennis Kucinich, one of a very small number of Democrats who originally opposed Obamacare, now apparently believes it is fine and dandy for the government to force the commoners to buy health care insurance at gunpoint. He also believes large insurance corporations deserve a monopoly in partnership with the government.
Should we ever trust Dennis Kucinich again? I think not.
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