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Do you remember Obama saying that ObamaHealthDeathCare will lower our medical insurance premiums by THREE THOUSAND PERCENT? The Punk said that on March 15, in Strongville, Ohio:
“How many people are getting’ insurance through their jobs right now? Raise your hands? A’right. Well, a lot of those folks, your employer, it’s estimated, would see premiums fall by as much as 3,000%, which means they could give you a RAISE!”
Surprise, surprise. It’s not gonna happen!
Even worse, we are now told that our premiums actually will be going up.
Noam Levey of the Los Angeles Times reports that:
Public outrage over double-digit rate hikes for health insurance may have helped push President Obama’s healthcare overhaul across the finish line, but the new law does not give regulators the power to block similar increases in the future.
And now, with some major companies already moving to boost premiums and others poised to follow suit, millions of Americans may feel an unexpected jolt in the pocketbook.
Although Democrats promised greater consumer protection, the overhaul does not give the federal government broad regulatory power to prevent increases. Many state governments — which traditionally had responsibility for regulating insurance companies — also do not have such authority. And several that do are now being sued by insurance companies.
“It is a very big loophole in health reform,” Sen. Dianne Feinstein (D-Calif.) said….
“The irony here is that it was the Anthem rate increase that breathed new life into the healthcare bill,” said Jerry Flanagan, medical policy director of Consumer Watchdog, a longtime supporter of tougher premium regulation. “But there is nothing in this bill to guarantee that it doesn’t happen again.”
….Insurance industry officials say that talk of more regulation is misguided and have urged federal officials to focus instead on containing rising medical costs, which help drive up premiums. …policymakers should look at ways to control what hospitals and other providers charge, although few elected officials have shown much appetite for doing so.
There’s no polite way to say it. Anyone who actually believed Obama’s lie about a 3,000% reduction in insurance premium is a fool. These fools must also believe in chocolate unicorns, licorice sunsets, and fuzzy gum drops.
~Eowyn & Steve