Obamacare Costs

By: Mark Hyman

“Once fully implemented, I’m convinced the Affordable Care Act will do what it was designed to do: cut costs, cover everybody, end the worst abuses in the insurance industry, and bring down our long-term deficits.” [President Barack Obama addressing the Patient Protection and Affordable Care Act aka "ObamaCare" in early 2011]

None of that’s happening.

Costs are skyrocketing at an alarming rate.  The Society of Actuaries, a non-partisan professional organization, released a detailed study.  The average rate of medical costs for one person will increase 32% during the first few years of ObamaCare.

Thirty-two percent!

[These selected states will see the following increase:
60.3% - Alabama
26.5% - Florida
50.8% - Illinois
9.7% - Iowa
4.1% - Maine
66.6% - Maryland
25.8% - Michigan
13.5% - North Carolina
80.9% - Ohio
29.3% - Oklahoma
14.3% - Oregon
28.0% - Pennsylvania
36.8% - South Carolina
46.4% - Tennessee
33.8% - Texas
28.4% - Utah
35.3% - West Virginia
80.0% - Wisconsin]

Days ago, Health and Human Services Secretary Kathleen Sebelius said Americans should expect to see a major rise in health care costs under ObamaCare.

[Read more here.]

[As an aside, the very liberal Daily Beast website mocked Sebelius for recent remarks demonstrating she doesn’t even know how insurance programs work. This is very disturbing since she’s in charge of implementing ObamaCare.]

Health insurance companies have already signaled rates for 2014 will rise dramatically.

There’s more.

Every day employees — in full compliance with ObamaCare — are losing their health care coverage.  Because covering them would bankrupt their employers.

For example.  At New York’s 5th Avenue high-end retailer Juicy Couture, the number of full-time employees was slashed from 128 to just 19.

Businesses are trying to survive ObamaCare.

And the GAO reports ObamaCare will add $6.2 trillion to the deficit.

Here’s an example of a clueless supporter of ObamaCare. Democratic strategist Donna Brazile embarrassed herself with a comment on Twitter that she couldn’t understand why her health insurance premiums increased.

Hundreds on Twitter told her the answer: ObamaCare.

About The Author Mark Hyman:
Mark Hyman hosts "Behind the Headlines," a commentary program for Sinclair Broadcast Group.

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