This week, the White House issued rules for health insurers to extend dependent coverage to “children” up to 26 years old. Beyond keeping the “Big Kids” dependent on Mommy and Daddy, it also directly undercuts the President’s famous campaign promise that American families would see a $2,500 reduction in their annual premiums.
Now, we learn that family premiums will rise about 1 percent in 2012 just from this one provision of the new law. It will cost $3,380 for each dependent in 2011, according to this Associated Press report.
Really, this is just a little thing. But in terms of the coming collapse of health care cost control, it’s just one more nick in our financial hides. More is coming; health insurance premiums will rise from Obamacare’s new taxes on drugs, medical devices and new insurance fees, plus new insurance rating rules and the yet to be determined health benefit levels that the imperial Feds say must be included an acceptable health insurance plan. That will all be revealed in the fullness of time.
Some 1.2 million young adults are expected to sign up for coverage under the 26-year-old child provision. Health and Human Services Secretary Kathleen Sebelius trumpets it as an immediate victory of ObamaCare. In reality, it’s just the first, little step in a mind-numbing bureaucratic process that will raise health care costs for all Americans.
Oh, and don’t forget that Presidential Promise: a $2500 annual reduction in your health insurance premiums.
The 1.2 million young adults were supposed to be paying premiums into the health care system on their own and increasing the pool of money available to pay the claims of others. By keeping their premiums out of the system we've set in place ever spiraling premium increases.
Can't say it enough… Defund, Repeal, Replace!
Please stop calling it Obamacare.
"Side effects of Obamacare" wouild make good election commercial. Like other drug ads, the side effects are more harmful than the condition the drug is suppose to address.
That's what it is liz,we didn't vote for it, we don't want it.It's another notch in the belt of socialistic control of our lives.
Obama's got an excuse for every broken promise. government mfg "CRISIS!"
It's a crisis of government corruption in the whole system of things. Restrictions, regulations, mandates, punishments and penalties to collapse the private sector, government obamacare will always benefit from their own corruption but add to the mix: bias, discrimination etc… Where lawsuits filed against obamacare is the suing of the tax payers and not the rightfully accountable.
Free market insurance: where accountability is held accountable to the business not the taxpayers. Let the children grow up, Mr. President. Let the free market resources fulfill their upbringing and lives there forth, in freedom.
I'm starting to feel like a Roman…reference: Capitalism
We should be taking charge of our own health care costs. Check out Whatstherealcost.org
The Fall of a Republic
When the thirteen colonies were still a part of England, Professor Alexander Tyler wrote about the fall of the Athenian republic over two thousand years previous to that time.
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasury. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship.
The average age of the world's great civilizations has been two hundred
years. These nations have progressed through the following sequence; from bondage to spiritual faith, from spiritual faith to great courage, from
courage to liberty, from liberty to abundance, from abundance to
selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependency, from dependency back to bondage.
Thats another fine mess you have gotten me into Stanley!!!