So let's see...they mandate coverages that half the population doesn't want or need, require insurance companies to cover expensive pre-existing conditions and prohibit them from charging more for those customers; in fact they prohibit insurers from recognizing any human realities (like old age) in their rates...and we find that our premiums rise???
Say it isn't so!!!
Obama said "
I happen to be a proponent of a single-payer universal health care program" .
Results if Obama's desire comes true, then 1,400 health insurance companies go out of business. Lay off 450,000 people. Stop paying $100 Billion a year in taxes.
Not once did Obama or our current bunch of Democrats consider the above costs.
Another cost that was never mentioned that had a direct result due to Obamacare was the above potential i.e. 1,400 companies going out of business meant these same insurance companies had to plan for future claim payments...if they were forced to stop selling insurance.
See most people are totally unaware the unfairness economically that private, for profit companies are required to met: Claim reserves.
Medicare does NOT have reserves. They pay all the claims.
But the premiums private insurance charges includes money for "reserves" REQUIRED by the states' the companies are registered in to sell insurance. If the companies don't meet the reserve requirements of the states, they aren't allowed to sell.
Consequently AFTER Obamacare and the appearance that the single payer plan was a potential, companies took those future loss of
premiums in current reserve requirements and hence raised premiums even more than they would have without Obamacare.
HENCE the states continued to allow companies to sell as long as future claim payments were assured, i.e. reserves continued.
