Health Premiums Up $3,000; Obama Vowed $2,500 Cut

Discussion in 'Politics' started by beretta304, Sep 25, 2012.

  1. beretta304
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    During his first run for president, Barack Obama made one very specific promise to voters: He would cut health insurance premiums for families by $2,500, and do so in his first term.

    But it turns out that family premiums have increased by more than $3,000 since Obama's vow, according to the latest annual Kaiser Family Foundation employee health benefits survey.

    Premiums for employer-provided family coverage rose $3,065 — 24% — from 2008 to 2012, the Kaiser survey found. Even if you start counting in 2009, premiums have climbed $2,370.

    What's more, premiums climbed faster in Obama's four years than they did in the previous four under President Bush, the survey data show.

    There's no question about what Obama was promising the country, since he repeated it constantly during his 2008 campaign.

    In a debate with Sen. John McCain, for example, Obama said "the only thing we're going to try to do is lower costs so that those cost savings are passed onto you. And we estimate we can cut the average family's premium by about $2,500 per year."

    At a campaign stop in Columbus, Ohio, in February 2008, Obama promised that "We are going to work with you to lower your premiums by $2,500. We will not wait 20 years from now to do it, or 10 years from now to do it. We will do it by the end of my first term as president."

    2008 Promises, 2012 Reality

    To back that up, Obama pointed to a memo drafted by Harvard professors (and unpaid campaign advisers), which claimed that investing in health care IT, cutting administrative bloat, and improving management of chronic diseases would cut health costs by $140 billion a year. That would translate into $2,500 in premium savings for families.

    But those projections were wildly optimistic, overestimating potential savings from IT, making big assumptions about disease management, and ignoring the fact that past government interventions have always increased health care administrative costs.

    Meanwhile, the health reform law Obama signed in March 2010 has pushed up insurance costs.

    In 2011, premiums spiked 9.5%, and many in the industry blame ObamaCare for at least part of it. Premiums climbed another 4.5% in 2012, Kaiser found.

    And ObamaCare will continue to fuel health premium inflation.

    First, the law piles on new coverage mandates. It requires insurance companies to provide 100% coverage for various types of preventive care, bans lifetime coverage limits, extends parents' coverage to offspring up to 26 years old, and requires plans to meet certain "medical loss ratios." Coming up are rules on "essential standard benefits," limits on deductibles, bans on annual spending caps, and much more.
    http://news.investors.com/092412-626848-health-premiums-up-3065-obama-vowed-2500-cut.aspx
     
    Last edited: Sep 25, 2012
  2. beretta304
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    beretta304 BANNED

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    The Henry J. Kaiser Family Foundation (KFF), or just Kaiser Family Foundation, is a U.S.-based non-profit, non-partisan, private operating foundation headquartered in Menlo Park, California. It focuses on the major health care issues facing the nation, as well as the U.S. role in global health policy. The Foundation states that it is a "non-partisan source of facts and analysis for policymakers, the media, the health care community, and the general public." The Foundation is no longer affiliated with Kaiser Permanente or Kaiser Industries.
     
  3. Conservative
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    you mean.. he lied?

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  4. Mac1958
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    Mac1958 Platinum Member

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    No, no, he didn't lie, he just made shit up.

    :redface:

    .
     
  5. ScreamingEagle
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    ScreamingEagle Gold Member

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    just wait until more and more companies start dropping costly health coverage and paying the penalty instead......workers will then be forced by law to pay for it by themselves.....and the average cost per family is about $15,000 per year and climbing....
     
  6. Conservative
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    oh... well that's very different...


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  7. Mr. Shaman
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    Mr. Shaman Senior Member

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    Yeah....it's time to go single-payer.

    For-profit insurance companies PROMISED Obama prices would go down. At least we found-out, before Obama's 2nd Term....that for-profit companies CAN'T be trusted!!!


    :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo:
     
  8. beretta304
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    beretta304 BANNED

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    That's exactly what's going to happen.
     
  9. buckeye45_73
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    buckeye45_73 Lakhota's my *****

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    You are a dumbass, he knew it would go up.....that's his plan....move to Cuba or Canada if you want single payer....there are plenty of options fo you, fucktard
     
  10. Nova78
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    Obamacare is one big cluster fuck ,we need to pass the bill to know what is in it. $3562723908.gif

    $obamacarelines.jpg
     

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