IBD wrote last week that the, “Illinois’ insurance regulator said ObamaCare premiums in the state will jump as high as 55%. The Obama administration’s response to this and other news of massive rate hikes: Don’t worry. Be happy.”
Yes, be happy that this fall Illinois Obamacare premiums will increase by an average of 48% – the Bronze by 44%, the Silver by 45% and the Gold by 55%.
What ever happened to that $2500 savings we were promised? Well, some will save – in fact, make out like bandits. Those being subsidized will see their subsidies increase, allowing plans to be offered for less than $100 per month – for every increase in our premium means an increase in the subsidy.
And if you think Illinois is an outlier, think again. As one state’s losses pile up, other states will follow. Nationwide, insurers and exchanges are recording massive losses, which means the rest of us will be stuck holding the bag with 40-50 percent increases every year to pay for those losses and the subsidized.
Well, what about seniors? They are the ones in need of medical care most and more often. Surely they will taken care of. No – no they won’t. “The latest Medicare Trustees report, warns that by 2040 half of all hospitals, 70% of all skilled nursing homes and 90% of home health care services will not be able to survive under Medicare’s increasingly skimpy fees.”
Translation: Because facilities can’t remain in business merely accepting payment from Medicare, seniors will either have to make up the difference, which many cannot afford, or be refused service and care.
But fear not for all is not lost. Obama has been hard at work in the waning months of his reign as the first American Monarch. Thankfully for us he and his healthcare brain-trust have kept their noses to the grind-stone developing a “new” plan. He is calling “for a ‘public option’ – that is, an insurance plan wholly run by the government – after he leaves office. ‘Congress should revisit a public plan to compete alongside private insurers in areas of the country where competition is limited,’ he wrote in the Journal of the American Medical Association.”
What a great “new” idea – only it’s not. If you have been following this, you’ll recognize that this has been the devious scheme all along and things are progressing by the book, possibly even ahead of schedule. The progressives could not have planned it better, which is exactly what they did – planned it. Obama originally said it may 10 or 15 years to get a single-payer system.
Recall, all the way back in 2003, Obama, speaking to a group of Illinois AFL-CIO thugs said: “I happen to be a proponent of a single payer universal health care program.” (applause) “I see no reason why the United States of America, the wealthiest country in the history of the world, spending 14 percent of its Gross National Product on health care cannot provide basic health insurance to everybody. And that’s what Jim is talking about when he says everybody in, nobody out. A single payer health care plan, a universal health care plan. And that’s what I’d like to see.”
His vision has never changed. In 2008 he reiterated his collectivist dream by saying: “If I were designing a system from scratch, I would probably go ahead with a single-payer system.”
This is what we conservative “chicken littles” have been warning of all this time. This was the plan all along. Obama, like Hillary (remember Hillarycare of the early `90s), designed the current system to fail, so eventually things would get so bad that people would beg the government to step in and “fix it.”
Of course, the only way to do so would not be to re-privatize healthcare, but for the government to take it over – lock, stock and barrel. And here we are already.Tags: insurance premiums Obamacare Obamacare failing Obamacare subsidies premium increases single payer