Obama Says You Can Keep Your Insurance Plan! Period
The Right Lane To Follow
By Mark Horne
Senate Democrats voted unanimously three years ago to support the Obamacare rule that is largely responsible for some of the health insurance cancellation letters that are going out. In September 2010, Senate Republicans brought a resolution to the floor to block implementation of the grandfather rule, warning that it would result in canceled policies and violate President Barack Obama’s promise that people could keep their insurance if they liked it.
“The District of Columbia is an island surrounded by reality. Only in the District of Columbia could you get away with telling the people if you like what you have you can keep it, and then pass regulations six months later that do just the opposite and figure that people are going to ignore it….”
The Daily Caller
Expert: At least 129 million will ‘not be able to keep’ health care plan if Obamacare fully implemented
Senior Editor 12:45 AM 11/04/2013
If Obamacare is fully implemented, 68 percent of Americans with private health insurance will not be able to keep their plan, according to health care economist Christopher Conover.
Conover is a research scholar in the Center for Health Policy & Inequalities Research at Duke University and an adjunct scholar at the American Enterprise Institute. In an interview with The Daily Caller, he laid out what he estimates the consequences of Obamacare’s implementation will ultimately be.
“Bottom line: of the 189 million Americans with private health insurance coverage, I estimate that if Obamacare is fully implemented, at least 129 million (68 percent) will not be able to keep their previous health care plan either because they already have lost or will lose that coverage by the end of 2014,” he said in an email. ”But of these, ‘only’ the 18 to 50 million will literally lose coverage, i.e., have their plans entirely taken away. This includes 9.2-15.4 million in the non-group market and 9-35 million in the employer-based market. The rest will retain their old plans but have to pay higher rates for Obamacare-mandated bells and whistles.”
Doo Doo Economics Blog
SATURDAY, NOVEMBER 2, 2013
With all the discussion, no one in the media is explaining why insurance companies supported ObamaCare. The progressive-socialist vision is of a health care system without “greedy” insurance companies. The president on many occasions called ObamaCare a “transitional step” toward government run “single payer” health care. So, why did insurance companies support a law designed to destroy their industry?
They were promised an unaccountable system ripe for massive fraud.
GAO has designated Medicare and Medicaid as high-risk programs, in part due to their susceptibility to improper payments—estimated to be about $65 billion in fiscal year 2011
ObamaCare was sold to insurance companies as a medicare-like direct payment system. A system where the IRS determines an individual’s tax credit at the end of the year…after ObamaCare subsidies have been directly payed to insurance companies. If an individual claims too large of a subsidy, the IRS goes after the individual, not the insurance company, to recoup the money.
“If you like your plan, you can keep your plan.” – Barack Obama
C. Steven Tucker