Obamacare Will Raise Claim Costs By 32 Percent Says One Study

March 27, 2013 2:26 pmViews: 1122

Obamacare costs likely to be 32 percent more


President Obama worked his tail off and spent millions of taxpayer dollars flying around the country convincing us his Obamacare healthcare package would be the answer to medical care for all of us and it would reduce the costs in the current healthcare system. Well, now the not so conservative AP is out with a story stating that medical claims may go up as much as 32%. That's a far cry from all the savings promised by the Obama propaganda machine, isn't it?

The problem with Obama jet setting around the nation selling Obamacare was that he never really knew what was in his own package. He just had an idea in his Socialist brain that he wanted implemented to gain more control of the healthcare industry and he didn't really care how it got implemented. Obama could promise his signature legislation would bring down medical costs, but how would he really know since we can be reasonably certain he did not have time to sit down and read all 2,300 pages of his own Obamacare program. All the President cared about was that something, anything got passed and the details would be worked out later. Even Nancy Pelosi claimed Obamacare needed to be passed so we could figure out what we actually in it.

But now the AP is reporting on a study done by the Society of Actuaries that says medical claim costs, the main drivers of the cost of insuring people, could go up by as much as 32% for some. Social Security, Medicare, Medicaid, food stamps, welfare and just about any other government program you can name is seriously over budget and ended up costing more over time than anyone ever predicted. What makes anyone seriously believe Obamacare will be any different?

Get the scoop from AP.org below:

A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims on individual health policies under President Barack Obama's health care overhaul.

What does that mean for you?

It could increase premiums for at least some Americans.

If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention.

But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

The estimates from the Society of Actuaries could turn into a political headache for the Obama administration at a time when much of the country remains skeptical of the Affordable Care Act.

The administration is questioning the study, saying it doesn't give a full picture - and costs will go down.

Actuaries are financial risk professionals who conduct long-range cost estimates for pension plans, insurance companies and government programs.

The study says claims costs will go up largely because sicker people will join the insurance pool. That's because the law forbids insurers from turning down those with pre-existing medical problems, effective Jan. 1. Everyone gets sick sooner or later, but sicker people also use more health care services.

A new study finds that insurance companies will have to pay out an average of 32 percent more for medical claims on individual health policies under President Barack Obama's health care overhaul.

What does that mean for you?

It could increase premiums for at least some Americans.

If you are uninsured, or you buy your policy directly from an insurance company, you should pay attention.

But if you have an employer plan, like most workers and their families, odds are you don't have much to worry about.

The estimates from the Society of Actuaries could turn into a political headache for the Obama administration at a time when much of the country remains skeptical of the Affordable Care Act.

The administration is questioning the study, saying it doesn't give a full picture - and costs will go down.

Actuaries are financial risk professionals who conduct long-range cost estimates for pension plans, insurance companies and government programs.

The study says claims costs will go up largely because sicker people will join the insurance pool. That's because the law forbids insurers from turning down those with pre-existing medical problems, effective Jan. 1. Everyone gets sick sooner or later, but sicker people also use more health care services.

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