Aside from the well-known lie that you can keep your health plan if you want, Obamacare is going to cost BILLIONS more than originally projected.
So Obamacare is now supported by unsustainable debt spending.
e large subsidies for health insurance that helped fuel the successful drive to sign up approximately 8 million Americans for coverage under the Affordable Care Act are on track to cost billions of dollars this year, a new federal report indicates.
Nearly nine in 10 Americans who bought healthcare coverage on the federal government’s healthcare marketplaces received government assistance to offset their premiums.
June 18, 10:30 a.m.: Because of an error in calculations, a previous version of this article incorrectly stated that a new federal report indicates that the cost of insurance subsidies under President Obama’s healthcare law may be running above current projections. The figures in the report actually suggest that the cost of the subsidies is roughly in line with current projections from the Congressional Budget Office.
That assistance helped lower premiums for consumers who bought healthcare coverage on federal marketplaces by 76% on average, according to the new report from the Department of Health and Human Services.
Premiums that normally would have cost $346 a month on average instead cost consumers just $82, with the federal government picking up the balance of the bill.
The following is from research done almost two years ago but it pretty much sums up the obamacare problems.
Here’s a quick checklist of the ten worst things in the law — in addition to the individual and Medicaid mandates:
1. Employer mandate. Most companies will have to provide and pay for expensive government-determined health insurance for their employees or face federal fines.
2. Anti-conscience mandate. Religious organizations will be required to provide free sterilization, contraceptives, and abortion-inducing drugs to their employees, even if it violates their religious beliefs.
3. New and higher taxes. The law contains at least 20 new taxes totaling $500 billion that will hit medical innovators, health insurance, and even the sale of your home.
4. The Independent Payment Advisory Board. IPAB will still stand, with its rationing power over Medicare.
5. State exchanges. States will be compelled to set up vast new bureaucracies to check into our finances and families so they can hand out generous taxpayer subsidies for health insurance to families earning up to $90,000 a year.
6. Medicare payment cuts. $575 billion in payment reductions to Medicare providers and Medicare Advantage plans will cause more and more physicians to stop seeing Medicare patients, exacerbating access problems.
7. Higher health-care costs. The Kaiser Family Foundation says the average price of a family policy has risen by $2,200 during the Obama administration. The president promised premiums would be $2,500 lower by this year. Hospitals, doctors, businesses, and consumers all expect their taxes and health costs to rise under Obamacare.
8. Government control over doctor decisions.Value-based payments, quality reporting requirements, and government comparative-effectiveness boards will dictate how doctors practice medicine. Nearly half of all physicians are seriously considering leaving practice, leading to a severe doctor shortage.
9. Huge deficits. The CBO has raised its cost estimate for the law to $1.76 trillion over ten years, but that is only the opening bid as more and more people lose their job-based coverage and flood into taxpayer-subsidized insurance. At this rate, the cost will be $2 trillion, not the less than $1 trillion the president promised.
OMG ! I never even seen that comin ! 😉
SHOCKING
All part of the dumbing down of America …
What Truths? He never tell the TRUTH period.
He is trying to spend us into National bankruptcy! That’s always been his plan!
This was no secret at the same time it was not a tax.
Remember democrats voting for Hillary are voting for Obamacare
The obama’s keep lying. They are politicians.
onwego says:
“remember all democrats passed this not one republican involved they had all three congress and the exec and they gave away house power to right the bulls legally that was Pelosi and now he walks all over congress they lost the house because of it andnow we must take the senate to get rid of it we cannot sustain this growing plus the illegal aliesns costingus 547 billion dollars a year that is half a trillion just for illegals and he wants to bring on another 5 million are you all crazy we need to vote straight republican this fall or by spring we all will be muslims”
From: http://www.truthandaction.org/obamacare-cost-billions-promised/comment-page-10/#comment-571397