As the Obama Administration juggles multiple scandals – Benghazi, IRS, and now the AP – the pack of lies that the President told to sell ObamaCare will likely go virtually unnoticed. Nonetheless, Obama's often repeated claim that, "This legislation will also lower costs for families and businesses," was a phony as any of his spin on all his other scandals. His standard talking point promised "your costs will go down by as much as $2,500 per year."
The Chairman of the House Energy and Commerce Committee has released results of a survey of 17 of the nation's largest health insurance companies requesting analyses of the effect of the PPACA's (ObamaCare) policies, mandates, taxes, and fees on premium insurance rates.
The survey found that "massive premium increases" await the vast majority of Americans because of ObamaCare. In summary, "consumers purchasing health insurance on the individual market may face premium increases of nearly 100 percent on average, with potential highs eclipsing 400 percent. Meanwhile, small businesses can expect average premium increases in the small group market of 50 percent, with highs over 100 percent."
The full report is available here.
When Senator Max Baucus, one of the leading Democrat sponsors of the PPACA, recently predicted the roll out of ObamaCare would be a "huge train wreck," he was far more honest that anyone else closely connected to the legislation. Baucus is retiring after 34 years in the Senate. According to Senator Chuck Grassley who has served with Baucus virtually his entire career and preceded him as Chairman of the powerful Senate Finance Committee, Baucus is retiring because he is "fed up" with the roll out of the health care monstrosity.
Lies, cover-ups, and trampling of the Constitution and Rule of Law have become standard operating procedure for the Obama White House. The volume is so great that no one even expects the truth anymore. So, the phony premium decrease assertions about ObamaCare will likely not receive much attention in the press. That is until millions of Americans actually get hit with the bill just months from now.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 24th, 2014 | John Ransom