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Obama Promised Healthcare Premiums Would Fall $2,500 Per Family; They Have Climbed $4,865

Submitted by Tyler Durden on 09/25/2015 21:10 -0400

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

How’s that Obamacare working out for you? That’s what I thought.

Considering that pretty much every single thing Obama promised when he was running for President turned out to be an outright lie, we shouldn’t be surprised this is also the case when it comes to his so-called “signature achievement.” Before getting into the meat of this post, let’s take a trip down memory lane and watch a video clip of Obama on the 2008 campaign trail.

As you can see, he didn’t just say it once or twice. He said it over, and over and over again. Now here’s what actually happened.

From Investors Business Daily:

Employer-based health insurance premiums climbed 4.2% this year for family plans, according to an annual Kaiser Family Foundation report. That’s up from 3% the year before.

Since 2008, average family premiums have climbed a total of $4,865.

The White House cheered the news, saying it was a sign of continued slow growth in premium costs.

“We will start,” Obama said back in 2008, “by reducing premiums by as much as $2,500 per family.”

And Obama wasn’t talking about government subsidized insurance or expanding Medicaid or anything like that. He specifically focused on employer provided health care.

For “people who already have insurance, and the employers who are providing it,” he said at one campaign event, “we will work to lower your premiums by up to $2,500 per family.”

“We screwed some folks.”

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For related articles, see:

Yep, You Guessed It – Obamacare Website Funneling Private Consumer Info to Private Companies

Video of the Day – Obamacare Architect Credits “Lack of Transparency” and “Stupidity of the American People” for Passage of Healthcare Law

ObamaFraud: GAO Study Finds Almost All Fake Applicants are Approved for Subsidized ObamaCare

Serfs Up – Average Healthcare Premiums Have Soared 39%-56% Post Obamacare

Computer Security Expert Claims he Hacked the ObamaCare Website in 4 Minutes

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Fri, 09/25/2015 - 19:30 | 6595026 Sturm und Drang

I'm shocked, shocked to find that a politician would lie through his m'fing teeth to get elected.

Fri, 09/25/2015 - 20:24 | 6595175 Amy G. Dala

Now that most doctors are employees of hospitals and groups, LMFAO when they decide to unionize and strike like the fucking nurses, schoolteachers and stewardesses.

Government loves price fixing and collusion as long as they are doing the fixing and colluding. My prediction is docs will move to unionize when Medicare/caid reimbursements are cut (look for this in 2017). Most of the Obamacare expansion of "uninsured" is through medicaid. States start picking up the tab in 2017, that's when the fun begins.

Guarandamnfuckingteeya when docs stop serving Medicare/caid patients, states will require them to accept it in order to receive a license to practice.

Fri, 09/25/2015 - 21:15 | 6595321 Irving Phelps

And whites are admonished to not be racist? WTF?

Sat, 09/26/2015 - 11:53 | 6596530 MedicalQuack

Wake up time again, who's hired armies of Quants? Health Insurance companies and people so afraid to see that but I said 3 years ago, look at the want ads folks, it's all right there. Duh!! So you have financial models that are tweaked for use in healthcare..duh? You take an insurance policy that was built with actuary models, and pop a Quant model on top and thus now they can see the direct impact of each policy they offer on the value of the stock..duh!

So when this occurs, with certain policies showing an adverse affect on stock value, well it's time to score some more patients with another set of algorithms and squeeze those narrow networks even tighter. Have you not noticed that the insurance policy algos don't pay much attention to doctors and hospitals being in the same network? Well insurers have noticed that for sure as it's becoming a major problem, finding a policy that covers both your doctor and the hospital so folks have to again go into some health insurers web site and figure out, do I change the hospital or do I change doctors? The is the beauty of quant models with health insurance...ugly as hell.

http://ducknetweb.blogspot.com/2014/08/the-secret-scoring-of-americas.html

This week, getting a bit of play on the Scoring for Profit routine in the US, McAfee tipped in to it as we all the American Association of Physicians and Surgeons..they get it as many of their members have been scored out. You as a consumer get scored to the hilt as well so why even get out of bed in the morning when you have a tool chest of "scored risks" that a bunch of flawed software quant models have assessed you with..it's too risk to get up the morning. Might as well stay in bed. I'm all over Silicon Valley to stop creating more apps and software that just scores people and allows companies to sell those scores to each other.

So when you look at the increases, look no further than the armies of quants working it with insurance companies. Of course government is either too stupid to see this or is in on it for a cut of the money it seems. So when you complain and see higher insurance premiums, it's the world of the quants that have moved over into the health care area, leaving some of the banks and hedge funds to model over here. If you don't understand exactly what a quant does, watch the Quant video in the footer of my blog, it's financial but all this is getting applied to healthcare.

http://ducknetweb.blogspot.com/2015/09/excess-scoring-of-us-consumers-us.html

Insurance companies are not dumb with math. United Healthcare owns a bank in Utah, the Optum bank where they supply master cards so people can use those to empty out their health savings accounts they encourage folks to use to sock money away so they have it when needed. Don't forget the $10 billion dollar United Bond Sale and the other $33M in debt they recently raised. In Brazil they own 90% of the larges HMO and members now are dropping like flies as they can't afford it and we all have read what's going onin Brazil.

Insurers cheat with algos...you bet. Here's another recent settlement with Ingenix, a United Healthcare subsidiary now renamed to Optum Insights that used formulas to cheat doctors out of pay. By the way tell you Senator to vote no on confirming Andy Slavitt to run CMS/Medicare, he's a one time Goldman banker and pretty much just a big quant that will kill you with numbers. We already have Bob Rubinite Secretary Burwell running HHs and that's bad enough.

http://ducknetweb.blogspot.com/2015/09/excess-scoring-of-us-consumers-us.html

Forget Loretta Lynch, US head of DOJ prosecuting any United Healthcare whistle blower and fraud cases too as she used to represent them with anti trust suits and made sure they won.

Sat, 09/26/2015 - 14:01 | 6596855 I AM SULLY