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Monday, October 12, 2009

More Hidden Costs of health Care Reform

The Democrats think their health care "reform" will end up costing taxpayers less. In an alternate reality that is probably true.

What the Democrats are trying to do is what liberals always try to do: Impose their myopic morality on everyone while getting someone else to pay.

Actuaries for the health insurance companies are now weighing in: while taxes may not go up, insurance costs are going WAY up. A tax by another name.

So, my word to the youth vote who put Obama in office: Now that you will be required to spend several thousand dollars a year on healthcare you now don't have and don't want, are you satisfied with your vote? I thought not.

Consider it a teaching moment - at everyone's expense.

Insurers Mount Attack Against Health Reform - Political News - FOXNews.com: "Late Sunday, the industry trade group America's Health Insurance Plans sent its member companies a new accounting firm study that projects the legislation would add $1,700 a year to the cost of family coverage in 2013, when most of the major provisions in the bill would be in effect.

Premiums for a single person would go up by $600 more than would be the case without the legislation, the PricewaterhouseCoopers analysis concluded in the study commissioned by the insurance group.

'Several major provisions in the current legislative proposal will cause health care costs to increase far faster and higher than they would under the current system,' Karen Ignagni, the top industry lobbyist in Washington, wrote in a memo to insurance company CEOs.

The study projected that in 2019, family premiums could be $4,000 higher and individual premiums could be $1,500 higher."

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