- It never had a chance to be successful since it really never addressed the underlying root causes of our ever increasing health costs in the country:Americans eat too much of the wrong kind of food, resulting in obscenely high obesity rates for the country.
- Our food chain is infested with overdoses of high fructose corn syrup, salt, and other unhealthy additives.
- Americans smoke too much.
- Americans do not exercise enough.
- The country is in serious need of health care tort reform.
- Barriers to insurance company competition across state lines need to come down.
- Obama Care never “followed the money” to find out who is actually profiting from the ever escalating healthcare costs in this country and how to get those factors under control.
- Obama Care never got the immense amount of fraud and abuse in current government healthcare programs, Medicare and Medicaid, under control in order to save money to efficiently fund other government health care initiatives.
- Obama Care never put serious research money towards curing the major diseases that drive high healthcare costs such as high frequency cancers and dementia type diseases.
- The insurance premiums for Obama Care policies purchased through the exchanges increased by 25.1% in Kentucky over the past year.
- The cost rise was also significant in Ohio, 14%, and in Michigan, 11%.
- The largest Obama Care insurer in Idaho, Blue Cross of Idaho, raised its premium rates by 23%.
- In New Mexico, some plans were pulled out of the Obama Care options since the premium costs had gotten too high.
- Overall, the Heritage Foundation estimates that overall the Obama Care premium increase in 2016 will be about 15%, a far cry from Obama’s $2,500 reduction.
- Their analysis is congruent with others’ analysis of the data.
- The Heritage analysis also came to the same conclusion as others in that sicker and older people signed up for Obama Care policies than expected.
- In Tennessee, monthly health insurance premiums in 2014 for a 27 year old cost 70% more than what the same policy would have cost prior to Obama Care taking effect, possibly explaining why younger and healthier Americans are not signing up for Obama Care as expected.
- In 2015, that same average 27 year old from Tennessee would have seen another 18% increase in Their Obama Care premium costs.
- A 50 year old person in Tennessee would have seen his premiums increase 31.6% in 2014 and another 9.8% in 2015.
- According to the non-profit organization Freedom Partners, the cost of employer provided health insurance has continued to rise unabated despite Obama Care.
- Between 2005 and 2010, prior to the enactment of Obama Care, the annualized employer provided health insurance premium increase was 4.8%.
- Following the enactment of the law, those annualized employer provided health insurance premium increases were 5%, unaffected by the law and Obama’s promise to reduce premium costs.
- In the first year after Obama Care was enacted, the annualized employer provided health insurance premium increase was a whopping 9.4% from 2010 to 2011.
- That upward trend in premium cost increases for employer provided health insurance continued with the increase in 2015 vs. 2014 being 4.2%.
- Health insurance premiums for employer provided policies have gone up up much faster than wages with premiums increasing by an average of 27.9% while wages increased by just 7.8% between 2009 and 2014.
3) Last bit of disaster for today. The Washington Free Beacon, in an article by Ali Mayer on March 29, 2016, recently reported on the latest Congressional Budget Office (CBO) analyses relative to Obama Care enrollment:
- The estimated number of Americans covered by Obama Care insurance policies has been reduced by one million enrollees relative previous CBO estimates.
- In January, the CBO said that 13 million Americans had Obama Care policy coverage but has since downgraded that estimate to 12 million.
- Recall from previous posts that Obama and his Obama Care advocates told us, falsely, that over 20 million Americans would have Obama Care health insurance coverage by now, a 40% shortfall.
- The latest CBO estimates say that by 2026, 28 million Americans will have Obama Care health insurance coverage, tens of millions of people short of providing affordable health insurance to all uninsured Americans, as promised by Obama.
- This 28 million estimate is 2 million higher than previously estimated.
- But this seemingly bit of good news is really not good news since that additional 2 million covered by Obama Care policies is because the number of people covered by employer provided health insurance is estimated to go down by 3 million, i.e. the additional 2 million expected to be covered by 2027 is churn from existing insurance coverage options, not newly insured people that were previously uninsured, the whole purpose of Obama Care.
- More bad news from the latest CBO analysis is that the annual cost increase to the Federal government is expected to be 5.4%, hardly the reduction in national health care costs that Obama promised, not even a “bending of the cost curve” that Obama promised.
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