It’s starting. Economic forecasters with the federal government released a report yesterday stating that Obamacare will cause health insurance premiums to rise and seniors to lose coverage and benefits. Shocking. More surprising is the fact that the forecasters doubt that the billions of dollars in Medicare cuts included in the health care overhaul bill will actually transpire. Why you may ask? Because if the government were to actually cut half a trillion dollars from Medicare it would put at least 15% of hospitals out of business. This would guarantee long lines of seniors looking for care, a politicians worst nightmare. https://higginscompanies.com/about-broker/testimonials/
A trillion dollars to solve our health insurance woes, and the bottom line from the federal government’s Office of the Actuary is that premiums are going to rise and older folks are going to feel it in other places other than their pocketbook.
The report mentions a couple of other gems, the fact that four million households will be hit with the penalties for not buying health insurance until they have a claim, and the new long term care insurance plan included in the new law will be insolvent within a few years of it’s start. Again, shocking.
Hope and Change.
Vote.
Michael Higgins
602.405.8769
An Arizona health insurance broker.