Health Care Expenses | WINTERY KNIGHT

Consider this article from Forbes about Obamacare and how it was presented by Ezra Klein, a well-known journalist from the left-leaning Washington Post. (H/T Bernie M.)

Excerpt:

The key thing to remember is that back when Obamacare was being debated in Congress, Democrats claimed that it was right-wing nonsense that premiums would go up under Obamacare. “What we know for sure,” Obamacare architect Jonathan Gruber told Ezra Klein in 2009, “is that [the bill] will lower the cost of buying non-group health insurance.” For sure.

In 2009, was Ezra saying that it’s ok that premiums will double for the average person, because a minority of people will pre-existing conditions will benefit? No.

Earlier that year, AHIP, the private insurer trade group, commissioned a report from Price Waterhouse Coopers to analyze the impact of Obamacare on health insurance premiums in the individual market. That report, which I reviewed here and elsewhere, found that the version of Obamacare then being considered by the Senate Finance Committee would increase premiums by 14 to 32 percent, depending on the year you looked at. In retrospect, the PwC report was a bit optimistic.

But Ezra described the PwC analysis as “the insurance industry’s deceptive report,” comparing it to sham research put out by the tobacco industry and Big Oil. Ezra did concede at the time that “buying better insurance will cost somewhat more,” because insurers would no longer be able “to sell a deceptive and insufficient product.”

But high-deductible, catastrophic insurance isn’t cheaper because it’s dishonest. It’s cheaper because it’s more efficiently designed. And it’s precisely that sort of efficiently-designed insurance that Obamacare abolishes.

I blogged about that study from Price Waterhouse Coopers before, too. In fact, I fully explained why specific provisions of Obamacare would necessarily raise health insurance premiums.

Before the 2012 election, I linked to an article from Investors Business Daily, which confirmed that premiums had indeed risen since the passage of Obamacare.

Excerpt:

During his first run for president, Barack Obama made one very specific promise to voters: He would cut health insurance premiums for families by $2,500, and do so in his first term.

But it turns out that family premiums have increased by more than $3,000 since Obama’s vow, according to the latest annual Kaiser Family Foundation employee health benefits survey.

Premiums for employer-provided family coverage rose $3,065 — 24% — from 2008 to 2012, the Kaiser survey found. Even if you start counting in 2009, premiums have climbed $2,370.

What’s more, premiums climbed faster in Obama’s four years than they did in the previous four under President Bush, the survey data show.

Despite these facts, the American people went along with the mainstream media and re-elected Obama for a second term in 2012, blocking any repeal of Obamacare.

I think that the American people need to realize that most journalists cannot be counted on to handle research and evidence accurately. Most of them probably never even completed a high school math or science course. They studied journalism. Journalism is not computer science. Journalism is not petroleum engineering. Journalism is not nursing. Journalism is an area where students are graded based on their ability to parrot what their leftist professors tell them to believe. At best, left-wing journalists are not competent. At worst, they are outright liars. Study after study on media bias has confirmed that left-wing journalists cannot be trusted to report the news fairly. That is not my opinion, that’s a fact.

Unfortunately for us, our failure to fix our little Obama mistake in the 2012 election is going to cost us all dearly – especially young people.

Excerpt:

The health insurance industry has been working until recently to help draft legislation, while publicly endorsing President Barack Obama’s goal of affordable coverage for all Americans. The alliance has grown strained as legislation advances toward votes in Congress.

Late Sunday, the industry trade group America’s Health Insurance Plans sent its member companies a new accounting firm study that projects the legislation would add $1,700 a year to the cost of family coverage in 2013, when most of the major provisions in the bill would be in effect.

Premiums for a single person would go up by $600 more than would be the case without the legislation, the PricewaterhouseCoopers analysis concluded in the study commissioned by the insurance group.

“Several major provisions in the current legislative proposal will cause health care costs to increase far faster and higher than they would under the current system,” Karen Ignagni, the top industry lobbyist in Washington, wrote in a memo to insurance company CEOs.

The study projected that in 2019, family premiums could be $4,000 higher and individual premiums could be $1,500 higher.

Keith Hennessey explains the study.

WINTERY KNIGHT

Tag Archives: Health Care Expenses

Ezra Klein on the costs of Obamacare: then and now

Democrat health care bill will cost families over $1700 per year

…integrating Christian faith and knowledge in the public square

Be effective and influential:

Be effective and influential:

…integrating Christian faith and knowledge in the public square