More reality of the cost of the health care takeover:
http://www.forbes.com/sites/sallypi...surance-premiums-this-year-blame-obamacare/2/
ObamaCare is to blame for much of these impending increases. Richard Foster, the Chief Actuary for the Centers for Medicare and Medicaid Services (CMS), reports that America will spend an additional $311 billion on health care in the next decade because of the law.
CMS estimates the growth in health insurance costs will increase 10 extra percentage points in 2014 because of ObamaCare — a 14% increase, versus 3.5% without the law.
In 2020, the net cost of health insurance is estimated to be $271 billion. Without ObamaCare, that number would have been $248.7 billion — a difference of more than $22 billion.
Consider the so-called “slacker mandate,” which requires all family policies to cover adult children until they turn 26. According to a recent federal report, nearly 1 million young adults gained health coverage this year thanks to the mandate.Of course, adding them to their parents’ policies isn’t free. Towers Watson found that the rise in young-adult enrollment was responsible for premium increases of as much as 3% at many firms. Even the feds admit that the mandate means that families will pay more. According to HHS, each new dependent will tack on an additional $3,380 to their parents’ insurance costs this year. By 2013, extra dependents will add $3,690 to families’ annual insurance bills.
Compared to about $100 a year if you bought the coverage yourself for a college student!
Oh, and you think this is great anyway because more are covered? Go to any medical conference discussing health care reform and they will tell you, yes, people will have coverage but it is not good coverage. And what obama doesn't want you to know is that you are likely to be forced into this poor coverage group too.
Slathering federal mandates on top of existing state mandates will drive costs even higher — and thereby make coverage unaffordable for more people. Massachusetts Institute of Technology economist Jonathan Gruber — a supporter and architect of ObamaCare — estimates that a 10% hike in the cost of the essential benefits package could increase the number of uninsured by 1.5 million.
Anyone with common sense knows you cannot spend like this, force insurance companies, and cover more people without a very high cost and cuts to the quality of care the majority of Americans receive. We also know these extra costs, regulations, and burdens on businesses do not create jobs.