Sunday, October 02, 2011

Scary truth about Obamacare keeps seeping out
...Last week, Howard Dean, former governor of Vermont and chairman of the Democratic National Committee from 2005 to 2009, acknowledged that -- as Obamacare's critics have contended all along -- the bill will prompt many employers to drop their health plans. "Most small businesses are not going to be in the health insurance business anymore after this thing goes into effect," he said. Dean, of course, spun this as a cost reduction for business. But in fact it undercuts two key promises Obama made in order to pass his bill. First, if you like your health coverage, you probably won't be able to keep it. Second, millions of Americans will be dumped by their employers into subsidized insurance exchanges, which means that Obamacare will add significantly to the deficit.

Then again, thanks to a glaring but heretofore unnoticed flaw in the bill's language, Obamacare might not cost as much as expected because it won't serve those it was intended to help. Because supporters failed to read their bill before passing it, the letter of the law provides that low-income Americans in many states will not be eligible for the promised subsidies to purchase insurance. This simple technical mistake, reported this month by Investor's Business Daily, threatens to un-insure millions of those currently insured if they are dumped by employers into federally established insurance exchanges....

New Study Underlines Unfulfilled Promises of Health Care Bill
A new study by the Kaiser Family Foundation underlines that many of the promises surrounding President Obama’s health care legislation remain unfulfilled, though the White House argues that change is coming.

Workers at the Flora Venture flower shop in Newmarket, NH, remember when presidential candidate named Sen. Barack Obama, D-Ill., promised that their health care costs would go down if they elected him and his health care plan was enacted.
On May 3, 2008, the president told voters that he had “a health care plan that would save the average family $2,500 on their premiums.”

Last year workers at the flower shop saw their insurance premiums shoot up 41 percent.

“I basically work for the health care payments,” says manager Pat Cowhig, whose husband has medical issues.

The Kaiser Family Foundation shows family premiums topped $15,000 a year for the first time in 2011, increasing a whopping 9% this year, three times more than the increase the year before. The study says that up to 2% of that increase is because of the health care law’s provisions, such as allowing families to add grown children up to 26 years old to their policies.

So what about that $2,500 in savings the president pledged? White House deputy chief of staff Nancy-Ann DeParle insists families will see that savings — by 2019....