Obamacare and Romneycare Architect Says to Expect Steep Increase in Health Care Premiums

Massachusetts Institute of Technology (MIT) economist Jonathan Gruber is one of the chief architects behind Romneycare and Obamacare.

His not-so-independent analysis was relied upon by President Obama and the Democrats when debating the Patient Protection and Affordable Care Act (Obamacare).  In 2009, Gruber said that “[health care] reform will significantly reduce, not increase, non-group premiums.”  Based on Gruber’s analysis, President Obama sold Obamacare to the public on the premise that his reforms would bend the cost curve down.

Now, Gruber says “[a]fter the application of tax subsidies, 59 percent of the individual market will experience an average premium increase of 31 percent,” Gruber reported.  Why?  Because many residents who currently have heath insurance in the individual market do not meet Obamacare’s minimum coverage requirements as determined by federal government bureaucrats.

More on this story at The Daily Caller.

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“When you see that trading is done, not by consent, but by compulsion – when you see that in order to produce, you need to obtain permission from men who produce nothing – when you see that money is flowing to those who deal, not in goods, but in favors – when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you – when you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed.” ~Ayn Rand *************************************************** In the battle between good intentions vs. unintended consequences….UC always win. ~Sharon
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3 Responses to Obamacare and Romneycare Architect Says to Expect Steep Increase in Health Care Premiums

  1. barnslayer says:

    “If you think health care is expensive now—just wait until it’s free.” – P.J. O’Rourke

    Like

  2. Zauber says:

    No doubt ’bout it, we needs them ‘triage committees’ to determine which retired people, outside of the selected Federally Protected Classes, are too sick or non-productive (excluding selected Federally Protected Classes) to receive medical care – other than pallative – so they just die off. This would lower the cost of governmentally-meddled-with health insurance acros sthe board and we can have their (respectes to George Carlin) stuff! Get those retirees out of the way, stop paying their retirements and medicare and get our hands on their ‘stuff’ for redistribution and – poof – a big chunk of the deficit is gone. Finally, the Federal government discovers a use for entropy!

    Like

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