Costs for ObamaCare Skyrocket

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Yet it is the latter estimate that reveals both the facility this president has for saying things that have no basis in fact, as well as the real long-term aim of the American left. First, the president. It was Mr. Obama who claimed the new healthcare law would cost “around $900 billion over 10 years–less than we have spent on the Iraq and Afghanistan wars, and less than the tax cuts for the wealthiest few Americans that Congress passed at the beginning of the previous administration.” He also claimed “if you’ve got health insurance, you like your doctors, you like your plan, you can keep your doctor, you can keep your plan. Nobody is talking about taking that away from you.”

We now know the first quote is utterly bogus. As for the second quote, the same day the president made it he also backed away from it, telling Diane Sawyer that “I can’t pass a law that says, ‘I’m sorry, employers, you can never make changes to the health care plans that you provide your employees.’ What I can say is that the government is not going to force you to, your employer or you to join a government plan, for example. If you’re happy with it, and your employer’s happy with it, keep it.”

Not exactly. A survey taken last year by Towers Watson revealed that nearly ten percent of mid-sized or large employers expect to drop employee health coverage when the ACA is fully operational in 2014. And that was the optimistic survey. One taken by McKinsey & Company estimates that “[O]verall, 30 percent of employers will definitely or probably stop offering ESI in the years after 2014″ and that among employers far more familiar with the ACA, “this proportion increases to more than 50 percent.”

Which brings us to the second part of the equation, namely the America left’s long-term aim of eliminating private healthcare completely. This plan was designed with the aim of making employers unhappy and getting more and more people on government-provided healthcare. This is precisely why the CBO also projected that “in 2016, for example, the ACA is now estimated to reduce the number of people receiving health insurance coverage through an employer by an additional 4 million enrollees relative to the March 2011 projections,” even as it noted that from 2016 on, between 20 million and 23 million people will receive coverage through the new insurance exchanges, and 16 million to 17 million people will be enrolled in Medicaid and CHIP.”

The left’s fallback position? No one is forcing companies to drop coverage or people to enroll in government-run healthcare plans. Technically that is correct. But such disingenuousness reveals that the left is thoroughly capable of understanding economics–when it suits their purposes. The heart and soul of free-market capitalism is incentive. The ACA perversely exploits such incentive by making it cheaper for employers to pay fines than keep their workers on company healthcare plans. It also forces insurance companies to accept high-risk patients even as it forbids them to charge higher rates to those people for assuming that greater risk. Moreover, the bill gives the Secretary of Health virtually unlimited power to set policy.

This last bit is key. When the ACA was passed, the details of its implementation were left up the the Secretary of Health. As a result, there are 700 instances where the language in the bill says that she “shall” do something, more than 200 instances where she “may” do something, and 139 occasions where the “Secretary determines” something as well. As the latest fight over contraception coverage demonstrates (leaving freedom of religion aside for the moment), the American left believes it can force insurance companies to cover something they deem a “right”–  simply by issuance of a command that they do so.

Dr. Hal Scherz, a pediatric urological surgeon on the faculty of Emory University Medical School illuminates where such “incentive” inevitably leads. “Private insurance companies are already exiting from the stage because they’ve seen the writing on the wall and determined that there is no future for them against the federal plans and regulations,” he explains. “Only a few, very large private companies may survive.”

The key word in that statement? “May,” meaning that even the largest, most profitable insurance companies might be incapable of surviving this socialist onslaught. And only the terminally naive could possibly believe that destroying the private insurance market this hasn’t been one of the chief planks of the left’s strategy to impose government control over one-sixth of the American economy, even as they and their media cheerleaders will maintain a facade of “plausible deniability” for doing so. And if healthcare costs skyrocket exactly as projected? The American left considers that a small price to pay in return for a monumental expansion of the state.

It’s up to the Supreme Court to derail what amounts to one of the greatest power grabs in our nation’s history.

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  • Marianne_Lee

    Many people would like to know the truth about this. But whatever the truth is, it is still essential that honesty in prioritized. Baby Eagle

  • StephenD

    He foists such a debacle upon us and yet is still virtually even in every poll and may actually get re-elected. I just don't understand the American Electorate. How stupid can we get?!?

    • guest

      Its not how many votes you get, but who counts the votes –Joseph Stalin

      • Cuban Refugee

        "Say one thing, and do another." — Saul Alinsky

        • Chassity

          Shut Up

      • http://www.youtube.com/watch?v=QpgiYe6LToc Roger

        They are consistent.
        http://www.youtube.com/watch?v=9A5dsrHBfyc

        Remember the voting that kept Reid in office? The reports of glitches that the press kept ignoring?

    • Rifleman

      I take polls with a block of salt, they depend on wording, sample, and methodology, and the msm uses them to alter perception and generate momentum.

    • jenifer

      Why? Because government expects to collect the $99 billion necessary to reach those savings via a one-two combination of fines and tax hikes. The fines will be imposed on both people who refuse to abide by the individual mandate forcing them to buy coverage, and the aforementioned employers who will drop coverage for their employees. The tax hikes will be imposed on all Americans who pay taxes.
      good to see such an informative stuff… thanks for posting..
      8 inch tablet

  • davarino

    We must demand that all our mini kings and queens abide by the same laws and decrees foisted on us. Every man woman and child of America must live by the same rules or those rules apply to no one. There is no such thing as exemptions. If you have to allow exemptions from a law then that alone shows the law is flawed, inappropriate, unenforcable, not lawful. This is the most corrupt administration in American history. Relax Mr. Carter, your off the hook. You dont even come close to this bunch of crooks, you were just inept, these guys are criminal.

    • http://www.youtube.com/watch?v=QpgiYe6LToc Roger

      As if they would allow us to say such things….
      (sarcasm)

  • StephenD

    Like the old saying about education; If you think it's expensive now…wait until it's free!

  • Rifleman

    Dp plausible deniability is only plausible if one discounts the video of barney frank saying their law would result in a single payer system, or all the dp politicians and other leftists saying a single payer government-run health care system was their objective, and it would require a transition phase to bring it about.

  • Tanstaafl

    Remember when Miss Nancy said we're going to have to pass Obamacare to "see how good it is"?

  • maria

    Davarino is absolutely right. How could it be that in democratic state the law is not applied to all citizens? Why Goverment and Congress were exempted from "Obamacare"? Then Unions were exempted from the same law. It is obvious corruption. Obama goverment alike dictators regime. He is not a President but more rule as a King. As the first lady said "We are lucky that Media is on our side". B Hussein promissed change and he did it. He destroyed and transformed our country. I came accross at some muslims cite where some of them commented"Thank you Obama for making a good job for us". If he will be reelected, we are done.

  • jojo

    Ummm, the CBO estimate actually says that – when you figure in the new revenue (things like penalties paid) – the health care act actually reduces the deficit. The above figures refer only to the amount of money the government has to outlay, not the revenues it will accrue.

    maybe the law is ultimately bad (though i don't think so), but this article is very dishonest

    • reader

      "Ummm, the CBO estimate actually says that – when you figure in the new revenue (things like penalties paid) – the health care act actually reduces the deficit."

      We've already heard that and Pelosi's line about needing to pass the bill before finding out what's in it. It may be news to jojo, but the majority of the public was against this atrocious legislation when it was shoved down our throat, and even bigger majority is against it now.

  • George Lasker

    //This report also presents estimates through fiscal year 2022, because the baseline projection period now extends through that additional year. The ACA’s provisions related to insurance coverage are now projected to have a net cost of $1,252 billion over the 2012-2022 period; that amount represents a gross cost to the federal government of $1,762 billion, offset in part by $510 billion in receipts and other budgetary effects (primarily revenues from penalties and other sources).//

    In any event, we are still out upward of $1,000,000,000,000 dollars. How anybody can believe that adding a trillion dollars to the deficit is going to decrease the deficit is beyond comprehension. Moreover, we would have to believe that the revenues collected would actually be used to offset the costs, rather than being wasted on profligate spending and dubious foreign wars.

    If they were just honest and said "Yes, this is a heavy investment with a lot of undetermined factors in play, but we should make this investment anyway", perhaps there would have been a sensible political debate on the merits. Instead, Democrats relied on fudging the numbers, misrepresenting the economic incentives, and pretending that the deficit was going to lowered by adding a trillion dollars of debt.

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  • kentatwater

    And here we have this morning's fourth example of "justquitnow's" hero worship of the 0ne. Working your way down in reverse-chronological order, are we?

  • kentatwater

    So, the fact that your sequential choices of reports to pollute all deal with the Anointed One or his family is merely a coincidence?

    Please.

  • kentatwater

    Your responses, filled with left wing talking points and invective, give lie to your claims on research (which no doubt consists of referring to various advocacy sites and the likes of media mutters) and reason (the lack of which is illustrated by your misuse of the word "trolling.")

    But by all means, keep with the Hussein fan club postings. They're funny!

    Last post in response to one of mine? Really? We'll see.

  • kentatwater

    Last post in response to one of mine? Really? We'll see.

    http://frontpagemag.com/2012/03/16/the-problem-wi

    Well, that didn't take long at all. One day.

    Somebody's goat has been gotten.