Did even liberals honestly think this was going to be a good thing?
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Obama said their premiums are gonna come down. The way he set this up, he promised people they can keep their doctor, promised if people they like their policy, they get to keep it. He promised people their premiums are gonna come down. When none of that happens, why would they blame him? They’re gonna blame the insurance companies for savaging the first black president.
The insurance companies are gonna be called racist or Republican, mean because they’re trying to harm Obama when all he’s doing is help people. I’m just warning you, don’t be surprised. Some people blame Obama, it’s gonna increase, but it isn’t gonna be this blanket tipping point that people think. Now, Ken’s problem, people in Ken’s situation. The Wall Street Journal has a piece about this today, about the self-insured. Thanks to Obamacare, more and more companies are going to just stop offering insurance to individuals.
So there’s gonna be even less competition, on top of the increase in premiums because of all of the Obamacare mandates. Those are what’s driving prices up. Just about every week we see some insurance company announce that it’s going to stop selling individual plans in some state or another, and there just aren’t that many health insurance companies to begin with. If they drop out, then the universe of options that people have shrinks — and competition, obviously, is lessened, which means prices rise.
Now, the skyrocketing of these premiums is going to be somewhat disguised by the taxpayer subsidies that are available over at the exchanges. Another reason Obama’s gonna get praise. The evil insurance company is gonna tell you if you’re a self-insured person, that your premiums are doubling. Then you go over to the exchange, and you find out, “Oh, wow. It’s not gonna cost that much?”
“No, Obamacare has set in!”
“Oh, really? Obamacare is saving my bacon,” is how some people are going to look at this. This is how it has been structured. Now, most self-employed people do not qualify, won’t qualify for taxpayer subsidies. It’s really is an assault. You would think that the self-employed, that the entrepreneur, they’d be the ones getting the break, but they don’t. They are not gonna be able to access subsidies like employees will be.
But it’s the taxpayers that are gonna have to pay for the higher premiums. We’re all gonna be paying through the roof here one way or the other. Everybody is.