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The Big Hurt – ObamaCare About to Kill Our Piggy banks as 2014 Nears

One of the largest frauds ever to hit our lives will be upon us soon, and it is going to hit us harder than a watermelon fired out of hillbilly air cannon. This damn thing will hit us whether we want it or not, sticking us with a huge fine for not getting it, or getting it and being saddled with something akin to a monthly payment on a just purchased private jet. Whether your healthy or not, your going to be shelling out the bucks, big time. All this is really, is a tax grab, pure and simple, only problem is this one is 16,000 pages long and growing.

Not ever has American nationals’ freedoms been stolen in such a wide ranging manner, in that much of this bill has nothing to do with health care at all. Only more ways in which to separate us from our hard earned money. Many are already at the end of their rope financially, this will only bring in the suicides and divorces at a much faster pace. It is just too comprehensive and does nothing for 95% of the American public. The doctors hate it, the people hate it, and it wouldn’t surprise me if many around the world hate it as well because it will be also taking money out of their pockets.  

More below

With some measures of Obamacare set to kick in next year, the health-care policy wars have taken on a schizophrenic quality. Large health insurance companies are warning individuals and small businesses to brace for significantly higher premiums. Aetna (AET) Chairman and Chief Executive Officer Mark Bertolini told CNBC (CMCSA) on March 19 that there would be an average 32 percent premium increase for people buying their own policies starting in 2014. Fans of the Affordable Care Act (ACA) dismiss such talk as scare tactics. Ron Pollack, executive director at Families USA, a Washington-based consumer advocacy group, concedes that premiums may rise initially. But he cites an analysis by the Congressional Budget Office, which predicts that once the law’s hundreds of billions of dollars in subsidies and cost savings go into effect in 2014, total out-of-pocket insurance costs will fall by an average of 60 percent.

Who’s right? The answer likely hinges on two variables: how many people end up buying insurance and whether overall health-care costs continue their steep upward trajectory. No matter what happens, the health-care overhaul is expected to have little effect on premiums for the 150 million Americans covered through employers. The big changes will be felt by many of the 15 million people who buy their own coverage. Starting next year, they’ll be able to do so on the insurance exchanges created under the ACA. By 2020, the number of people buying insurance on these exchanges is expected to hit 26 million; it’s estimated that an additional 12 million will buy policies off-exchange. That should generate an extra $205 billion in annual premiums for insurers by 2021, according to an October report by PricewaterhouseCoopers.

In theory, a bigger insurance pool would lower premiums by spreading risk over a larger base of patients. Insurers argue, though, that new revenue won’t offset the higher costs they’ll have to pay under the law’s new mandates. Beginning in 2014 the industry will start paying $8 billion in new annual taxes intended to subsidize coverage for the uninsured. Those taxes, increasing every year, will add up to $100 billion over 10 years. Insurers will also have to stop denying coverage to people with preexisting medical conditions, such as cancer or diabetes, and begin covering “essential benefits,” such as maternity care and prescription drugs. By next year average premiums for older enrollees can no longer exceed three times the cost of those for younger customers. Most states today allow a 5-to-1 ratio.

To compensate, insurers say they’ll have no choice but to raise rates, particularly on young, healthy people. Considering it costs as little as $95 a year in penalties to opt out of the law’s requirement to buy insurance, carriers say there’s a risk that higher premiums will drive young people out of the market altogether, leaving it tilted toward the sickest, costliest patients. That would force carriers to raise prices even more, says Karen Ignagni, CEO of America’s Health Insurance Plans, the industry’s Washington lobbying group. “It’s the people from 26 to 45 that you want to make sure are in the pool to balance it out,” she says. “It’s in everybody’s interest to get the young and the healthy into the system.”

Nick Ogden, a 29-year-old from Nashville, says he may pay the penalty rather than higher premiums. Ogden, who runs his own private equity firm, spends $173 a month for an insurance plan that carries a deductible as high as $5,000. He worries similar coverage may cost two or three times as much next year, especially because he won’t qualify for the subsidies, which offer reduced prices to people making up to four times the federal poverty level (singles making up to $46,000 a year or a family of four earning up to $94,000). “I don’t see how there’s any way that my rate doesn’t go up,” he says. “Candidly, if I start paying $5,000 a year in insurance payments, it stops making sense.”

The other wild card is the overall cost of medical services. If the law’s incentives to curb Medicaid fraud and encourage more preventative care end up lowering health-care inflation, insurers will have a harder time justifying premium hikes. Also, after years of increasing, the number of uninsured Americans has begun ticking down, in part because the law allows people to stay on their parents’ health plan through age 26. However, if young people such as Ogden choose not to buy insurance next year because of higher premiums, the ranks of the uninsured could rise again.

As things stand, premiums for some policyholders are bound to go up. Chris Carlson, an actuary with consulting firm Oliver Wyman, estimates that a 25-year-old making $34,000 will go from paying about $2,400 a year to $3,200 for the same policy next year, even with subsidies. Others don’t expect such large increases, but it’s clear that some young, healthy people will see higher rates. Whether that eventually moderates will be a crucial benchmark of Obamacare’s success or failure.

Source: http://www.businessweek.com/articles/2013-03-28/obamacare-scare-double-digit-premium-hikes

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9 Responses to The Big Hurt – ObamaCare About to Kill Our Piggy banks as 2014 Nears

  1. Enbe says:

    Conventional medicine, so called health care, including Obamacare, health insurance, and hospitals and clinics are all part of one of the largest organized crime rackets in this nation.

    Those outrageously expensive hospital prices are fixed. There is one company that monopolizes all the hospital supply market in the US. There is one company that monopolizes price setting for all hospitals in the US. Hospitals legally cook their books, because if they can show losses they receive additional reimbursements from the government.

    So called nonprofit hospitals are some of the most profitable businesses in this nation. And if you can’t pay their patently fraudulent bills, they will sic their BAR (British Accreditation Registry) attorneys on you to abscond with the meager and fast disappearing wealth you’ve amassed with your hard slave labor.

    The going rate to see an allopathic physician is $150, even if just for 5 minutes, never mind that you had to wait 2 to 3 hours parked on your butt breathing the same air as some very sick and contagious people sitting in the office next to you.

    Treatment algorithms are designed to treat symptomatology, not the core of the illness. Drugs included in treatment algorithms omit the older, unprofitable, proven, safer drugs in favor of newer, still under patent drugs that are very expensive, which also have a slew of serious to fatal adverse effects. Drug treatment algorithms also recommend polypharmacy, that is, rather than discontinuing a drug that causes an adverse effect, the policy is to prescribe another drug to treat the first drug’s adverse effects.

    And on and on the downward spiral goes for the person labeled as the patient. The specialty called oncology is particularly adept at robbing a dying person’s family of all savings, and making the dying person so physically miserable with chemotherapy and radiation that they’re more than ready to call it lights out.

    I strongly believe it’s time to turn to alternative medicine and to opt out and say no to the medical fascism of conventional allopathic medicine, big pharma, and the insurance industry. It’s time to make alternative medicine understandable and easily accessible to the public and cut the shysters out of the equation for the benefit of our health and well being.

    Okay, I’m done with my rant.

  2. Patriot Joe says:

    Obamacare promises to be an even bigger jewish bankster fraud than the ‘holocaust’ financial scheme.

  3. S Wirth says:

    Only a fool would believe that prices will go down. Auto insurance became mandatory in 1986 with all the promises of lowered cost, better service, and the idea of no one goes uninsured. Well 27 years has shown us that the price goes up every year, the service got worse, and we have to buy ” Uninsured Motorist ” insurance because there are so many uninsured motorist. Fool me once, shame on you. Fool me twice, shame on me.

  4. I dont know how anyone could be fooled the first time.

    Dont you remember paid TV commercials on once paid TV comes no more commercials, Yeah that worked.

    Remember the lottery how great that was going to be for education? Yeah right the states stopped funding education and let the lottery do it and how did that work out?

    Anyone that BELIEVES anything is too good to be true usually is and one can not be fooled ever again.

  5. # 1 NWO Hatr says:

    Well, after all, people DID ‘vote’ for CHANGE, did they not?

    I still see plenty of morons driving around this city with Obummer/Biden bumper stickers on their cars.

    Idiots.

  6. greyseal says:

    The reason no one is required to participate in the Health Care Act, as stated in section 1555, is simply the Act amends Public Law, | [Public Law 410] 58 Stat. 682, the Public Health Service Act,section 10001 (pertinent part reproduced below), an International Agreement for Foreigners, and government owned corporation employers.
    google; Title 5 U.S.C. chapter 89 group health care

    One Hundred Eleventh Congress
    of the
    United States of America
    AT THE SECOND SESSION
    Begun and held at the City of Washington on Tuesday,
    the fifth day of January, two thousand and ten
    An Act
    Entitled The Patient Protection and Affordable Care Act.
    Public Law 111-148 ( available on line)

    TITLE I—QUALITY, AFFORDABLE HEALTH CARE FOR ALL AMERICANS
    Subtitle A—Immediate Improvements in Health Care Coverage for All Americans

    *Sec. 1001. Amendments to the Public Health Service Act.

    Sec. 1555. Freedom not to participate in Federal health insurance programs.

    SEC. 1555 @42 U.S.C. 18115. FREEDOM NOT TO PARTICIPATE IN FEDERAL
    HEALTH INSURANCE PROGRAMS.
    No individual, company, business, nonprofit entity, or health
    insurance issuer offering group or individual health insurance coverage
    shall be required to participate in any Federal health insurance
    program created under this Act (or any amendments made
    by this Act), or in any Federal health insurance program expanded
    by this Act (or any such amendments), and there shall be no
    penalty or fine imposed upon any such issuer for choosing not
    to participate in such programs.

    Public Health Service Act (maritime juridiction)

    July 1, 1944 [H.R. 4
    624] | [Public Law 410] 58 Stat. 682
    TITLE I—SHORT TITLE AND DEFINITIONS
    SHORT TITLE
    SEC. 1.
    Titles I to V, inclusive, of the Act may be cited as the “Public Health Service Act”.
    SEC. 605. (a) Section 7 of the Act of September 7, 1916, entitled “An Act to provide compensation for employees of the United States suffering injuries while in the performance of their duties, and for other purposes”, as amended (U.S.C., 1940 edition, title 5, sec. 757), is amended by changing the period at the end thereof to a colon and adding the following: “Provided, That whenever any person is entitled to receive any benefits under this Act by reason of his injury, or by reason of the death of an employee, as defined in section 40, and is also entitled to receive from the United States any payments or benefits (other than the proceeds of any insurance policy), by reason of such injury or death under any other Act of Congress, because of service by him (or in the case of death, by the deceased) as an employee, as so defined, such person shall elect which benefits he shall receive. Such election shall be made within one year after the injury or death, or such further time as the Commission may for good cause allow, and when made shall be irrevocable unless otherwise provided by law.”

  7. DL. says:

    Much rather pay the tax (which is going to be a lot less than cost of insurance!), and then in a few years go on Medicare WHICH I HAVE PUT INTO SINCE AGE 18 ABOUT 45 YEARS AGO SO DON’T HAND ME THIS ENTITLEMENT CRAPPOLA! Let’s hope the young folks can stop being ripped off by this criminal psychopathic BS and get rid of ObummerCare!

  8. uninformedLuddite says:

    What I don’t get is how people are saying it is socialised medicine. I know what a socialised health system looks like in AU and the US version is anything but. The US version is just a gift to big business and a kick in the teeth for everyone else.

  9. greyseal says:

    What follows, is a concise history of the Public Health Service :
    …..”they thought they were getting free health care”…….
    History of the Public Health Service
    Tuskegee syphilis experiment
    (full version on line)
    From Wikipedia, the free encyclopedia
    The Tuskegee syphilis experiment[1] (also known as the Tuskegee syphilis study or Public Health Service syphilis study) was an infamous clinical study conducted between 1932 and 1972 in Tuskegee, Alabama by the U.S. Public Health Service to study the natural progression of untreated syphilis in poor, rural black men who thought they were receiving free health care from the U.S. government

    By 1947, penicillin had become the standard treatment for syphilis. Choices available to the doctors involved in the study might have included treating all syphilitic subjects and closing the study, or splitting off a control group for testing with penicillin. Instead, the Tuskegee scientists continued the study without treating any participants and withholding penicillin and information about it from the patients. In addition, scientists prevented participants from accessing syphilis treatment programs available to others in the area.[4] The study continued, under numerous US Public Health Service supervisors, until 1972, when a leak to the press eventually resulted in its termination. The victims of the study included numerous men who died of syphilis, wives who contracted the disease, and children born with congenital syphilis.[5]
    In 1972 the Tuskegee Study was brought to public and national attention by a whistleblower, who gave information to the Washington Star and the New York Times. Heller of PHS still defended the ethics of the study, stating: “The men’s status did not warrant ethical debate. They were subjects, not patients; clinical material, not sick people.”[11]
    Medical ethics considerations were limited from the start and rapidly deteriorated. To ensure that the men would show up for the possibly dangerous, painful, diagnostic, and non-therapeutic spinal taps, the doctors sent the 400 patients a misleading letter titled “Last Chance for Special Free Treatment”. The study also required all participants to undergo an autopsy after death in order to receive funeral benefits. After penicillin was discovered as a cure, researchers continued to deny such treatment to many study participants. Many patients were lied to and given placebo treatments so researchers could observe the full, long term progression of the fatal disease.[12]
    After penicillin was found to be an effective treatment for syphilis, the study continued for another 25 years without treating those suffering from the disease.
    In 1968 William Carter Jenkins, an African-American statistician in the PHS, part of the Department of Health, Education, and Welfare (HEW), founded and edited The Drum, a newsletter devoted to ending racial discrimination in HEW. The cabinet-level department included the CDC. In The Drum, Jenkins called for an end to the Tuskegee Study. He did not succeed; it is not clear who read his work.[18]^ Bill Jenkins left the PHS in the mid-1970s for doctoral studies. In 1980, he joined the CDC Division of Sexually Transmitted Diseases, where he managed the Participants Health Benefits Program that ensured health services for survivors of the Tuskegee Study.
    • Document from Tuskegee Syphilis Study, requesting that after test subjects die, an autopsy be performed, and the results sent to the National Institutes of Health

    Non-consensual experiments in Guatemala
    Main article: Syphilis experiments in Guatemala
    In October 2010 it was revealed that in Guatemala, Public Health Service doctors went even further. It was reported that from 1946 to 1948, American doctors deliberately infected prisoners, soldiers, and patients in a mental hospital with syphilis and, in some cases, gonorrhea, with the cooperation of some Guatemalan health ministries and officials. A total of 696 men and women were exposed to syphilis without the informed consent of the subjects. When the subjects contracted the disease they were given antibiotics though it is unclear if all infected parties were cured.[15]

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