Morgan Stanley does a quarterly survey of health insurance costs across America. The financial house questions over 150 insurance brokers across America including the huge ones who sell insurance for literally hundreds of thousands or millions of people. The latest results for the survey just taken this month were released today. The survey shows costs for individual and small business policies rising faster now than at any time in the history of the survey. To be clear, the survey reports the cost of the insurance policies, not who pays for them. This means that rising costs for individual insurance do not take into account the subsidies paid by the federal government for some people. There are no subsidies, however, for the small insurance plans.
Here is one bit of information that hit me particularly hard. The average cost of individual health insurance in Connecticut is up in 2014 by 45% over 2013. Remember, this is average cost for all plans, so the bigger deductibles for most plans in 2014 is not included in the calculation of the 45%. The higher deductibles and co-pays just add to the total cost of insurance. On top of this, the fact that in 2014, the networks covered by individual insurance policies include many fewer doctors and hospitals than was the case last year is also not considered. People in Connecticut are paying 45% more in premiums plus additional deductibles and co-pays to get coverage that can be used at fewer doctors and hospitals.
Morgan Stanley found that the principal reason for the meteoric rise in health care premiums is Obamacare. It also found that the average rise for individual policies in certain other states included 100% in Delaware, 90% in New Hampshire, 53% in California, 54% in Indiana and 37% in Florida. For small business plans, the increases by state included Pennsylvania 66%, California 37%, Kentucky 37% and Colorado 29%. One has to wonder how many small businesses in Pennsylvania could not stay in business after paying a cost increase like that.
President Obama promised that Obamacare would cut, CUT insurance costs across America with the average family saving $2500 each year. That was a wrong. Worse still, Obama knew it was false when he made the promise. It was a lie, a whopper of a lie. Higher insurance costs will suck dollars out of the economy. Higher insurance costs will force some people to do without any coverage because they will not be able to afford the premiums. Higher insurance costs will drive many small businesses to close since the cost of health insurance will be too great for some to support. Higher insurance costs mean higher unemployment. Higher insurance costs mean that the government will have to spend more to provide assistance to the unemployed and the uninsured. In other words, Obama's promise was not just a whopper of a lie. No, Obama's blatant lie to America was one that cause enormous damage to us all. Obama and the Obamacrats should be held accountable for that lie.
Here is one bit of information that hit me particularly hard. The average cost of individual health insurance in Connecticut is up in 2014 by 45% over 2013. Remember, this is average cost for all plans, so the bigger deductibles for most plans in 2014 is not included in the calculation of the 45%. The higher deductibles and co-pays just add to the total cost of insurance. On top of this, the fact that in 2014, the networks covered by individual insurance policies include many fewer doctors and hospitals than was the case last year is also not considered. People in Connecticut are paying 45% more in premiums plus additional deductibles and co-pays to get coverage that can be used at fewer doctors and hospitals.
Morgan Stanley found that the principal reason for the meteoric rise in health care premiums is Obamacare. It also found that the average rise for individual policies in certain other states included 100% in Delaware, 90% in New Hampshire, 53% in California, 54% in Indiana and 37% in Florida. For small business plans, the increases by state included Pennsylvania 66%, California 37%, Kentucky 37% and Colorado 29%. One has to wonder how many small businesses in Pennsylvania could not stay in business after paying a cost increase like that.
President Obama promised that Obamacare would cut, CUT insurance costs across America with the average family saving $2500 each year. That was a wrong. Worse still, Obama knew it was false when he made the promise. It was a lie, a whopper of a lie. Higher insurance costs will suck dollars out of the economy. Higher insurance costs will force some people to do without any coverage because they will not be able to afford the premiums. Higher insurance costs will drive many small businesses to close since the cost of health insurance will be too great for some to support. Higher insurance costs mean higher unemployment. Higher insurance costs mean that the government will have to spend more to provide assistance to the unemployed and the uninsured. In other words, Obama's promise was not just a whopper of a lie. No, Obama's blatant lie to America was one that cause enormous damage to us all. Obama and the Obamacrats should be held accountable for that lie.
1 comment:
We will see if the citizens hold them accountable in the Nov. mid term. More than 50% of the voters in 2012 must have been on drugs, they voted DEM, stupidity has become the largest disease in our culture!!!
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