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AP: Two Studies Show Premiums Won’t Skyrocket

From the relentless propagandists at the Associated Press:

Studies take early look at health law’s premiums

By RICARDO ALONSO-ZALDIVAR | September 4, 2013

WASHINGTON (AP) — Coverage under President Barack Obama’s health care law won’t be cheap, but cost-conscious consumers hunting for lower premiums will have plenty of options, according to two independent private studies.

A study released Thursday by the nonprofit Kaiser Family Foundation found that government tax credits would lower the sticker price on a benchmark "silver" policy to a little over $190 a month for single people making about $29,000, regardless of their age…

The AP and the rest of the MSM continue to push the big lie that Obama-Care won’t make healthcare premiums skyrocket because of subsidies. Which is simply untrue. In fact, it’s journalistic malpractice.

The cost of premiums will skyrocket. But some people, mostly Obama’s constituents, won’t see much of an increase because taxpayers will pay for the increase via subsidies. But premiums are going to skyrocket and somebody will have to pay them.

But all this just shows once again that Obama-Care was never about lowering healthcare costs or improving anyone’s health. It’s always just been about redistributing income via the tax system — and now the healthcare system.

A separate study released Wednesday from Avalere Health, a private data analysis firm, took a wide-angle view, averaging the sticker prices of policies at different coverage levels.

Before tax credits that act like a discount, premiums for a 21-year-old buying a mid-range "silver" policy would be about $270 a month, the Avalere study found. List-price premiums for a 40-year-old buying a mid-range plan will average close to $330. For a 60-year-old, they were nearly double that at $615 a month…

That’s a little closer to reality. But even these numbers are the rosiest of rosy scenarios.

The bottom line is mixed: Many consumers will like their new options, particularly if they qualify for a tax credit. But others may have to stretch to afford coverage…

Plus pay more in taxes somewhere down the line.

The Kaiser study found that while premiums will vary significantly across the country, they are generally coming in lower than forecast by the government’s own experts…

And if they don’t, the states get threatened.

More from the Obama-Care evangelists at the Associated Press:

Insurance rates released by Wis. gov questioned

By Scott Bauer | September 3, 2013

MADISON, Wis. (AP) — Health care advocates called into question information released Tuesday by Wis. Gov. Scott Walker’s administration showing dramatic rate increases for insurance plans to be sold through the new marketplace created under the federal health care law…

On Tuesday, the [Wisconsin] insurance commissioner released an analysis showing what it said was the difference between what individual coverage will cost for a plan with a $2,000 deductible and prescription drug coverage currently and through the exchange. It did not examine costs in the group market.

The analysis looked at rates for individuals aged 21, 40 and 63 in nine Wisconsin cities. Rates would increase in all 24 of its scenarios, ranging from 9.7 percent for a 63-year-old in Kenosha to nearly 125 percent for a 21-year-old in Madison.

However, the analysis didn’t take into account federal subsidies, which are expected to lower costs as much as 77 percent, or show the difference in benefits or co-pays.

But the premiums are still going up, aren’t they? And not everyone is going to qualify for subsidies, are they? And someone (the taxpayers) will still have to pay for these much higher rates, won’t they?

"I think they’ve done nothing but confuse and mislead the public rather than give them serious information," said Robert Kraig, director of the health care advocacy group Citizen Action Wisconsin. "These look cooked and they’re even hard to analyze because of the way they were released."

Jon Peacock, research director of the Wisconsin Council on Children and Families, said not enough information was released to be of use to people who may be shopping for coverage through the exchange.

"Given how sketchy this information is, I can’t help but wonder if they were even striving to make even-handed comparisons," Peacock said. "I’m not going to accuse them of stacking the deck because I don’t know enough."

Wow, those criticisms really put Wisconsin in their place, didn’t they? And what experts the AP found.

Ohio also did not take into account federal subsidies when it released an analysis showing that premium for individuals would go up an average of 41 percent in that state. Like in Ohio, insurance regulators who released the data in Wisconsin are a part of a Republican administration that opposes the federal law…

What evil people Republicans are. They even won’t go along with the Big Lie that premiums aren’t going up because some people will get a taxpayer subsidy. They should be behind bars.

By the way, doesn’t all this mean that, thanks to Obama, the evil Big Insurance companies are going to get a lot more money? Which, of course, is the only reason they signed on. Still, isn’t this exactly the opposite of what we were told Obama-Care was all about?

This article was posted by Steve on Thursday, September 5th, 2013. Comments are currently closed.

One Response to “AP: Two Studies Show Premiums Won’t Skyrocket”

  1. GetBackJack says:

    Lies, Damn Lies and then there’s the Associated Press

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