Are you ready for some “ObamaCare”!?
It is your wallet which is going to need “conditioning” for this “improved” health care system:
Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and for younger women by an average of 55 to 62 percent. Worst off is North Carolina, which will see individual-market rates triple for women, and quadruple for men.
Of course you’ve seen the lies smoke that HHS has been putting out about how cost will be down, right? By 16%. But they never really tell you down from what, do they?
“Premiums nationwide will also be around 16 percent lower than originally expected,” HHS cheerfully announces in its press release. But that’s a ruse. HHS compared what the Congressional Budget Office projected rates might look like—in 2016—to its own findings. Neither of those numbers tells you the stat that really matters: how much rates will go up next year, under Obamacare, relative to this year, prior to the law taking effect.
That’s right, they’ve apparently learned from Congress about “spending cuts”. You know, when they spend less than they projected they’d spend but more than they did last year? Yeah, “spending cuts”.
Instead, the travesty that is called ObamaCare will be adding on to everyone’s bill (to include those getting a subsidy). Those below 40 get hammered. And those at 40? Not so good either:
The cheapest exchange plan for the average enrollee, compared to what a 40-year-old would pay today, will cost an average of 99 percent more for men, and 62 percent for women.
For this cohort, men fared worst in North Carolina, with rate increases of 305 percent. Women got hammered in Nebraska, where rates will increase by a national high of 237 percent. Again, Colorado and New Hampshire fared best, with 17 percent and 5-8 percent declines, respectively.
Remember that here, we aren’t conducting an exact comparison. Instead we’re comparing the lowest-cost bronze plan offered to the average participant in the exchanges, to the cheapest plan offered to 40-year-olds today. This approach artificially flatters Obamacare, because the median age of an exchange participant is, in most states, below the age of 40.
I’ve always wondered how making everyone get insurance, subsidizing those who can’t “afford” it, and adding layer upon layer of bureaucracy could make health care “more affordable”. Common sense tells you it won’t.
Common sense is right.