President Obama told everyone that he expected family premiums to be lowered by $2,500 per year. We’ve established that statement as a lie, but there is more. We said premium costs and health care would be more expensive due to this legislation and now the Centers for Medicare & Medicaid Services (CMS) agrees.
Hat tip to Hot Air who directs us over to the Daily Mail. You can download the scanned copy of the letter (PDF, 2MB). The letter is from CMS to state insurance commissioners giving them a heads up … lots of people are finding out that even with government subsidies, health care insurance is turning out to be more expensive than it was before. When referring to those who had insurance before and were being informed they were loosing their policy, Gary Cohen, a director at the Center for Consumer Information and Insurance Oversight – part of CMS – wrote…
Although affected individuals and small businesses may access quality health insurance coverage through the new Health Insurance Marketplace, in many cases with federal subsidies, some of them are finding that such coverage would be more expensive than their current coverage, and thus they may dissuaded [sic] from immediately transitioning to such coverage.
Granted, insurance policies probably would have increased since the cost of care is increasing, but Obama said families could expect a reduction in premiums of $2,500. That’s the issue here. That’s one significant way he was able to sell this to the American people. Again, he lied to implement a political agenda.
The premiums started to go up – bending the cost curve up – as soon as Obamacare became law. Did people really think you could put a significant block of the countries population – 21 to 26-year-olds – on to their parents health plan at no cost? It does not work that way.
Let’s remind you of exactly what the president said in March 2010 during a stump speech to promote Obamacare. Of course we know he was claiming a $2,500 reduction in premiums, but he promised more. Here is the full transcript if you’re interested.
Now, so let me talk about the third thing, which is my proposal would bring down the cost of health care for families, for businesses, and for the federal government. So Americans buying comparable coverage to what they have today — I already said this — would see premiums fall by 14 to 20 percent — that’s not my numbers, that’s what the nonpartisan Congressional Budget Office says — for Americans who get their insurance through the workplace.
How many people are getting insurance through their jobs right now? Raise your hands.
All right. Well, a lot of those folks, your employer it’s estimated would see premiums fall by as much as 3,000 percent [sic], which means they could give you a raise.
Not only did he say Americans would see a 14 to 20 percent reduction, they would most certainly get a raise from their employer! Our president, the used car salesman…