Remember the POS promising that Obamacare would cut your health insurance premiums by $2,500?
That’s a lie.
Joel Pollak reports for Breitbart, Sept. 25, 2012, that a new Kaiser Family Foundation study cited by Investor’s Business Daily. found that, instead of decreasing, the cost of health insurance has risen by $3,000 — more than 50% higher than the POS promised it would be–and the costs are expected to continue to rise as Obamacare is impemented.
Furthermore, the data show that the rise in family premium costs, largely attributable to the costs of complying with Obamacare, has outpaced the rise in costs in the previous four years of George W. Bush.
Health insurance companies are required to provide additional coverage for so-called “children” up to age 26, among other changes. That coverage is described by Obama as “free,” but in fact the costs are borne by other patients.
Obamacare also does nothing to change the underlying incentives driving the rising costs of health care, and in fact makes them worse by adding mandates and reducing patients’ choices.
Over the next four years, if Obama is re-elected and Obamacare is not repealed, the federal government will have to apply cost controls, resulting in the rationing of health care by bureaucrats and/or hospitals.
That is why the Obama administration placed such a heavy emphasis on the Independent Payment Advisory Board –and why vice presidential candidate Rep. Paul Ryan (R-WI) has spent so much time attacking it.
The Orwellian-named Independent Payment Advisory Board (IPAB) is a 15-member federal agency created in 2010 by sections 3403 and 10320 of the Patient Protection and Affordable Care Act (Obamacare) which has the explicit task of achieving specified savings in Medicare “without affecting coverage or quality.” (LOL)
The members of the
IPAB Death Panel are appointed by the President POS, theoretically “subject to Senate confirmation.” They get paid $165,300 per year.
The video below is a good reminder of all that is wrong with Obamacare (h/t FOTM’s Ken):
The pdf of HR 3200 noted at the end of the video is no longer valid. Here’s the updated link to the pdf: http://candicemiller.house.gov/pdf/hr3200.pdf