Obamacare Would Add an Extra $1700 a Year to Family Insured’s Premiums

 

Who couldn’t see this coming? Splitsville between Insurance carriers and the Obama Administration.

And the truth shall set you free … According to a newly released study, Obamacare and nationalized health care bill will cost American families $1,700 a year. What, a government run health care plan costs more than a private one to run, say it isn’t so.

Late Sunday, the industry trade group America’s Health Insurance Plans sent its member companies a new accounting firm study that projects the legislation would add $1,700 a year to the cost of family coverage in 2013, when most of the major provisions in the bill would be in effect.

Premiums for a single person would go up by $600 more than would be the case without the legislation, the PricewaterhouseCoopers analysis concluded in the study commissioned by the insurance group.

It appears that Insurance carriers are sick and tired of being demonized by Barack Obama and Democrats. Initially Obama worked behind the scenes to get the carriers on board with Obamacare. That was until “We the People” stated that we liked our healthcare and that there was nothing wrong with it. Obama then needed a new strategy and went after health care insurance. It looks like there is extreme trouble in paradise as Ruby Red Slippers states, “Uh oh, looks like the insurance industry is about to claim irreconcilable differences in their ill-fated union with the Democrats and Obama administration.” Check out this analysis:

For example, the analysis shows that the cost of the average family policy is approximately $12,300 today and will rise to:

  • $15,500 in 2013 under current law and to $17,200 if these provisions are implemented.
  • $18,400 in 2016 under current law and to $21,300 if these provisions are implemented.
  • $21,900 in 2019 under current law and to $25,900 if these provisions are implemented.

In fact, between 2010 and 2019 the cumulative increases in the cost of a typical family policy under this reform proposal will be approximately $20,700 more than it would be under the current system.

Obamacare will raise insurance rates according to AHIP, not lower. 

After months of collaboration on President Obama’s attempt to overhaul the nation’s health-care system, the insurance industry plans to strike out against the effort on Monday with a report warning that the typical family premium in 2019 could cost $4,000 more than projected.

UPDATE I: Dems scramble after warning from health insurers

Democrats and their allies scrambled on Monday to knock down a new industry-funded study forecasting that Senate legislation, over time, will add thousands of dollars to the cost of a typical policy. “Distorted and flawed,” said White House spokeswoman Linda Douglass. “Fundamentally dishonest,” said AARP’s senior policy strategist, John Rother. “A hatchet job,” said a spokesman for Senate Finance Committee chairman Max Baucus, D-Mont.

But the health insurance industry’s top lobbyist in Washington stood her ground. In a call with reporters, Karen Ignagni, president of America’s Health Insurance Plans, pointedly refused to rule out attack ads on TV featuring the study, though she said she believed the industry’s concerns could be amicably addressed.



If you liked this post, you may also like these:

  • Didn’t Barack Obama Promise that Obamacare would Lower Costs … Health Insurers Raise Some Rates by Double Digits
  • American Voters Against Obamacare 50% to 44% … Will the Finance Committee do the Will of the People?
  • The All Too Many Lies from Barack Obama on Obamacare … Obamacare Will Increase Underlying Insurance Rates for Younger Men by an Average of 97% to 99%
  • What Happened to that Free and Discounted Premium Obama Health Care … IRS Says Cheapest Obamacare Plan Will Be $20,000 Per Family
  • Why Are Insurance Rate So High




  • Comments

    7 Responses to “Obamacare Would Add an Extra $1700 a Year to Family Insured’s Premiums”

    1. Carpe on October 12th, 2009 7:45 am

      Free speech no longer free!

      Obama looking to tax it by 2011.

    2. Scared Monkeys on October 12th, 2009 8:09 am

      Wait until the Dems and Obama try and trash the report.

      HAHAHA … Libs, Ins’t Price WaterHouse the same people that handle the auditing of your beloved Oscars?

    3. super dave on October 12th, 2009 8:27 am

      they are already trashing the report as only a democrat can.

    4. Miklo on October 12th, 2009 8:55 am

      America wanted “Change”

      and that’s all they’re gonna be left with!

    5. katablog.com on October 12th, 2009 9:31 am

      Miklo: sorry, we are left only hoping for change because BO is after that too.

      Insurance companies are not our friends, they are in business for a profit(Holy capitalism, Batman). But then any one of us who runs a business is not in it for friendship, but for a profit so we can feed our families, purchase a home and car, etc. Insurance companies also hire real human beings that have the same needs, wants and wishes as the rest of us.

      Of course insurance premiums will go up when those who pay for their insurance have to start paying for those who don’t pay for their insurance. We are simply shifting the cost from the US Government to the US taxpayer – with one huge caveat – the US Government is already supported by the US Taxpayer and yet it wants to keep all the money it gets for the US Taxpayer while shifting a new burden to the taxpayer – insuring those who voted for BO so they could get “Obama money”!

    6. NewGirlBoston on October 12th, 2009 10:47 am

      #5–It’s true that Insurance Companies are not our friends….the costs will be shifted as you pointed out- to who else? Us!

      What gets my goat is the our President has the gall to try and push this through–and once again, promises that we won’t have to pay “one red cent more” to receive the SAME LEVEL of care we currently get. BS! To keep it simple—it’s just so aggravating that he misinforms the American Public with all his facts & figures and just keeps on lying! We’ve barely heard him talk about Tort Reform……and I’m sorry- but I am pissed off! Why do WE have to pay for all of America’s indigent so they can get the same benefits I pay and work very hard for????

      Holy Capitalism, Batman is right! President Barack Obama should dawn the purple & green suit…because he really is the JOKER!

    7. American Voters Against Obamacare 50% to 44% … Will the Finance Committee do the Will of the People? | Scared Monkeys on October 13th, 2009 6:56 am

      [...] Just yesterday, the insurance lobbyists took the gloves off and released a PricewaterhouseCoopers analysis that stated that health coverage costs for families would increase by 111 percent in the next 10 years under provisions proposed by the Senate Finance Committee. They stated that the bill would drive up premiums. [...]

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