The White House just announced, through their budget recently released, that the cost of giving money to, “middle class,” Americans to buy health insurance went up 30%! Instead of $367,000,000,000 it will now cost $478,000,000,000. Worse yet, the program hasn’t even started yet. Come 2014 when the health insurance exchanges open for business, no one should be surprised to see these figures continue their upward climb. Even before the law was passed many Republicans pointed out studies that showed the true cost of this free money, doubling the administration’s figures.
So why such a huge increase in cost, which of course will raise future health insurance premiums that much higher? According to the Obama administration the majority of the increase is due to, “newly signed legislation,” and, “technical changes in Treasury assumptions.” What? Huh? Really? These assumption changes are going to raise everyone’s collective health insurance premium by $111,000,000,000, the least they could do is speak English when telling such lies about the real cost of medical insurance.
We are not to worry though, President Obama states that we will still save money overall once everything is in place. Miraculously we are going to save money on health insurance by spending a lot more money. Where have I heard this before? Oh yea, unemployment insurance payments are good for the economy, abortion pills save health insurance companies money, billion dollar stimulus spending sprees create lot’s of jobs, and the list goes on.