Monday, September 13, 2010

Get set for big premium hikes

Now that the ObamaCare law is passed, people are reading it, and that includes insurance companies. You cannot blame insurance companies for wanting to stay in business, protect their employees' jobs and give their investors a decent return on their investment. That is the American way.

Along comes the government and says the insurance companies have to pay for additional costs that were not covered under previous policies. What happens when you go to the toy store and decide to get the 200 piece set of Legos instead of the 150 piece set? You guessed it, the price is higher. The only way insurance companies can recover the cost of these government dictated services is to substantially increase the cost of the private insurance policies.

This is your socialist government at work. In November, make sure the liberal Congress works no more.

Millions of Americans are getting notices that their premiums are going up to pay for changes required under the ObamaCare law. Section 2713 of the law requires that those premiums include the full cost for such preventive services as Pap smears, mammograms and smoking-cessation programs. Obama's "free" really just means you won't have a co-pay if you decide to get that service. But it's not free -- merely prepaid. When a restaurant charges you $25 for the all-you-can-eat buffet, it can't claim dessert is "free."

Another reason premiums are soaring this fall is the rapid rise in Medicaid enrollment, now up to a record 50 million people nationwide. When Medicaid rolls expand, it's a double whammy for the rest of us; our taxes go up and so do our premiums.

Obama pledged to "bend the cost curve" on health insurance. But he's bending the truth instead. When you open your mail, you can thank ObamaCare for the premium hike.
Read NY Post articlehere.

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