Monday, May 10, 2010

ObamaCare consequences: Higher premiums

Barack Obama's Health and Human Services Department let out what we many have known all along--ObamaCare means higher health insurance premiums.

From the Senate Republican Communications Center:

PRESIDENT OBAMA: “We [Senate Democrats And The Administration] Agree On Reforms That Will Finally Reduce The Costs Of Health Care. Families Will Save On Their Premiums.” (President Obama, Remarks After Meeting With Senate Democrats, 12/15/09)

DESPITE PRESIDENT’S PLEDGE, HEALTH BILL WILL INCREASE FAMILIES’ PREMIUMS

“Letting Young Adults Stay On Their Parents' Health Insurance Until They Turn 26 Will Nudge Premiums Nearly 1 Percent Higher For Employer Plans, The Government Said In An Estimate Released Monday.” (“New Coverage For Young Adults Will Raise Premiums,” The Associated Press, 5/10/10)

· “The Health And Human Services Department Released Estimates Of The Costs And Benefits Of The Requirement As Part Of A Regulation Directing Employers And Insurers How To Carry It Out.” (“New Coverage For Young Adults Will Raise Premiums,” The Associated Press, 5/10/10)

· “The New Benefit Will Cost $3,380 For Each Dependent, Raising Premiums By 0.7 Percent In 2011 For Employer Plans, according to the department's mid-range estimate. Some 1.2 million young adults are expected to sign up, more than half of whom would have been uninsured.” (“New Coverage For Young Adults Will Raise Premiums,” The Associated Press, 5/10/10)

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1 comment:

Inspector Clouseau said...

Of course ObamaCare will prove to be problematic and create (most likely, like technological advances also) just as many problems as it may intend to address. It's the nature of problems for which we have no pragmatic solutions, and in the eyes of many means that we really do not have a health care issue / problem.

However, to the extent that either side of the aisle has an interest in improving the health of its citizens and the health care provide, it is necessary to recognize two very fundamental issues:

1) The politicalization of the issue, or utilization of an ideological approach, will not result in an effective solution, because most human beings are not sufficiently self-motivated to pursue optimal health. It's just not going to happen, and an ideological approach does not advance the health agenda.

2) Because of our (minimum of) two party governmental system, ANY approach formulated will be ineffective because it is a moderate, piecemeal, compromised approach to solving the problem. Imagine giving kids a vaccine which has been diluted, watered down, or adulterated with all sorts of ingredients not essential to attacking the disease.

Why do ANYTHING if it is not going to be effective? Why waste the time and the money pursuing goals through ineffective means?

This issue will NEVER be resolved by either side as long as people have freedom of choice. It's the nature of human beings.

As Dirty Harry once said, "A man (or humankind) has to know his (or its) limitations.