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MichiGator Doubletree Resident (75.114.183.35) on 3/24/2013 - 2:32 p.m. says: ( 348 views , 5 likes )

"Nobody had to be "told" ...... anybody with an ounce of common sense could "

Message Replied To ==========

3 years on--Disturbing Things about Obamacare--you weren't told--u r now

http://news.investors.com/032113-648891-obamacare-turns-3-10-disturbing-facts-about-health-law.aspx?p=full

http://www.breitbart.com/Big-Journalism/2013/03/22/Media-Reports-On-ObamaCare-Problems-Three-Years-Late

Boost insurance costs. Officially the "Affordable Care Act," ObamaCare promised to lower premiums for families. But regulators decided to impose a 3.5% surcharge on insurance plans sold through federally run exchanges. There's also a $63 fee for every person covered by employers. And the law adds a "premium tax" that will require insurers to pay more than $100 billion over the next decade. The congressional Joint Committee on Taxation expects insurers to simply pass this tax onto individuals and small businesses, boosting premiums another 2.5%.

Push millions off employer coverage. In February, the Congressional Budget Office said that 7 million will likely lose their employer coverage thanks to ObamaCare - nearly twice its previous estimate. That number could be as high as 20 million, the CBO says.

Cause premiums to skyrocket. In December, state insurance commissioners warned Obama administration officials that the law's market regulations would likely cause "rate shocks," particularly for younger, healthier people forced by ObamaCare to subsidize premiums for those who are older and sicker.

"We are very concerned about what will happen if essentially there is so much rate shock for young people that they're bound not to purchase (health insurance) at all," said California Insurance Commissioner Dave Jones.

That same month, Aetna CEO Mark Bertolini said ObamaCare will likely cause premiums to double for some small businesses and individuals.

And a more recent survey of insurers in five major cities by the American Action Forum found they expect premiums to climb an average 169%.

Cost people their jobs. The Federal Reserve's March beige book on economic activity noted that businesses "cited the unknown effects of the Affordable Care Act as reasons for planned layoffs and reluctance to hire more staff."

Around the same time, Gallup reported a surge in part-time work in advance of ObamaCare's employer mandate. It found that part-timers accounted for almost 21% of the labor force, up from 19% three years ago.

Meanwhile, human resources consulting firm Adecco found that half of the small businesses it surveyed in January either plan to cut their workforce, not hire new workers, or shift to part-time or temporary help because of ObamaCare.

Tax the middle class. IBD reported in February that much of the $800 billion in tax hikes imposed by ObamaCare will end up hitting the middle class, including $45 billion in mandate penalties, $19 billion raised by limiting medical expense deductions, $24 billion through strict limits on flexible spending accounts, plus another $5 billion because ObamaCare bans using FSAs to buy over-the-counter drugs.

Add to the deficit. The Government Accountability Office reported in January that Obama-Care will likely add $6.2 trillion in red ink over 75 years if independent experts are right and several of its cost control measures don't work as advertised.

Cost more than promised. The Congressional Budget Office now says ObamaCare's insurance subsidies will cost $233 billion more over the next decade than it thought last year.

Be a bureaucratic nightmare. Consumers got their first glimpse of life under ObamaCare when the Health and Human Services Department released a draft insurance application form. It runs 21 pages. "Applying for benefits under President Barack Obama's health care overhaul could be as daunting as doing your taxes," the AP concluded after reviewing the form.

Exacerbate doctor shortages. Last summer, a study by the Association of American Medical Colleges found that the country will have 62,900 fewer doctors than its needs by 2015, thanks in large part to ObamaCare. At the same time, a survey of 13,000 doctors by the Physicians Foundation found that almost 60% of doctors say ObamaCare has made them less optimistic about the future of health care and they would retire today if they could.

Leave millions uninsured. After 10 years, ObamaCare will still leave 30 million without coverage, according to the CBO. As IBD reported, that figure could be much higher if the law causes premiums to spike and encourages people to drop coverage despite the law's mandate.



Read More At Investor's Business Daily: http://news.investors.com/032113-648891-obamacare-turns-3-10-disturbing-facts-about-health-law.aspx#ixzz2OQtDspQC
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

http://www.hannity.com/article/obamacare-3-years-later/16971

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see that the result of this act would be a shortage of doctors and primary-care providers (so much for everybody keeping their own doctor) which would, effectively, lead to a form of rationing. 

Also, anybody not blinded by ideology could see that there would be millions who would lose jobs, not be hired, or only be able to work part-time.  Same with the fact that many businesses would choose to drop spouses from coverage, or even drop coverage for employees altogether, since the penalty is much, much less than most of them are paying for their portion of health insurance for their employees.

That overall costs might rise should not surprise too many, especially given that the law allows insurers to recoup their costs, costs WILL rise since certain increased levels of coverage will be mandated, and understanding that SOMEBODY has to pay for the additional 30+ million added to the rolls of the newly-insured.

Further, since the law only penalizes taxes the younger adults at a rate which is likely to be less than the cost of insurance premiums (which are rising for them in order to help cover the expense of older insured, now capped by the new healthcare law), the financial solution for many younger folks will be simply to wait until a health problem arises and THEN buy insurance.  The new law will not allow them to be denied coverage due to pre-existing conditions, so they can do this.  Unfortunately, if they are not paying premiums all along, it sort of undermines the premise on which insurance works, which is to spread the risk.  Ergo, the result is as predictable as night following day ....... costs will rise for everybody.

Higher costs, less medical providers, fewer choices.   

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