WASHINGTON (AP) — A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims under President Barack Obama's health care overhaul.
What does that mean for you?
It could increase premiums for at least some Americans. If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention. But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.So, in a nutshell, this study is proposing that sick folks who attempt to buy insurance will be paying more - a lot more - when they are forced to have coverage. And those premiums will continue to rise. Since insurance companies will be forced to cover pre-existing conditions, they will be charging more for new premiums. Basic math. Basic economics. If insurers have to pay out more, they're either going to have to take in more or go out of business. So, get ready to pay more for your health insurance - that the government just mandated you have.
So much for "Affordable" health care...
All part of the design, folks - because the design is "universal health care" like Hillary! tried to foist on us in the early 1990s. Even as the news out of the European Union is anything other than good - see the recent fun in Cyprus - the tired old Progressive left still gazes lovingly on their single-payer system, wondering why ours can't be more like theirs. And plotting to make it so. Make private health care unaffordable, especially when it's a "basic human right", and what possible choice could there be other than to have government step in and save us all?
You know, because the USPS has done such a stellar job of managing the mail, right?
That is all.