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Mr. Big Dog

Smaller premium hikes forecast in 2015 for Obamacare

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Haven't you learned yet? You can't get an Obama thread going unless you're bashing him.

My Obama care experience has not been so grand so far. They are denying everything

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Wait a minute we went from a promise of thousands of dollars cheaper to this?

I've always thought honesty should be the benchmark of a politician; the results are less important than that he/she can be counted on to tell the truth on a regular basis. This preznit though has been particularly brazen in the lies he's told and the promises he made with absolutely no intention of making them 'real'.

In fact, a recent survey shows that 61% of Americans think Obama lies to the country about important issues. Hopefully even our ultra-partisan 'friends' can agree this is not a good thing:

About six in ten American voters think Barack Obama lies to the country on important matters some or most of the time, according to a Fox News poll released Wednesday.

Thirty-seven percent think Obama lies “most of the time,” while another 24 percent say he lies “some of the time.” Twenty percent of voters say “only now and then” and 15 percent “never.”

President Obama has been accused by political opponents and media fact-checkers alike of telling falsehoods. Frequently cited: His repeated claim that under Obamacare “If you like your plan, you can keep it” and his insistence that “the day after Benghazi happened, I acknowledged that this was an act of terrorism.”

The number of voters saying Obama lies “most of the time” includes 13 percent of Democrats. It also includes 12 percent of blacks, 16 percent of liberals, 31 percent of unmarried women and 34 percent of those under age 30 — all key Obama constituencies.

Edited by UncleBeer
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Filed: Country: Philippines
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It's hard to sustain extravagant increases in premiums for more than a year, or so.

Up 100% in Delaware? 53% in California? http://www.forbes.com/sites/scottgottlieb/2014/04/07/health-plan-premiums-are-skyrocketing-according-to-new-survey-of-148-insurance-brokers-analysts-blame-obamacare/

The insurance companies right now are making out like bandits, whatever they might say publicly. And it didn't have to be this way. :no:

Actually, there's a provision in the ACA that puts limits on insurance profits. Those opposed to the ACA habitually ignore this significant part of the legislation:

That would be the provision of the law, called the medical loss ratio, that requires health insurance companies to spend 80% of the consumers’ premium dollars they collect—85% for large group insurers—on actual medical care rather than overhead, marketing expenses and profit. Failure on the part of insurers to meet this requirement will result in the insurers having to send their customers a rebate check representing the amount in which they underspend on actual medical care.

This is the true ‘bomb’ contained in Obamacare and the one item that will have more impact on the future of how medical care is paid for in this country than anything we’ve seen in quite some time. Indeed, it is this aspect of the law that represents the true ‘death panel’ found in Obamacare—but not one that is going to lead to the death of American consumers. Rather, the medical loss ratio will, ultimately, lead to the death of large parts of the private, for-profit health insurance industry.

Why? Because there is absolutely no way for-profit health insurers are going to be able to learn how to get by and still make a profit while being forced to spend at least 80 percent of their receipts providing their customers with the coverage for which they paid. If they could, we likely would never have seen the extraordinary efforts made by these companies to avoid paying benefits to their customers at the very moment they need it the most.

http://www.forbes.com/sites/rickungar/2011/12/02/the-bomb-buried-in-obamacare-explodes-today-halleluja/

Edited by Porterhouse
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