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.
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.