Independent's Women's Voice: Obamacare Has Increased Health Insurance Premiums
Thursday, May 03, 2012
Among the myriad promises made by ObamaCare's proponents was that it would reduce how much we all have to spend on health care.
In fact, here's a direct quote from President Obama claiming as much:
It probably won't surprise you at all to hear that this is just flat-out wrong.
The Kaiser Family Foundation has found that health insurance premiums have risen $2,213 since President Obama took office. And that's just the beginning. A recent study showed that, with ObamaCare, health care premiums are expected to surpass the median household by 2033.
So much for bending the cost-curve down.
Recently, Forbes health care contributor Avik Roy explained how ObamaCare will make popular health savings accounts more costly:
The problem is that health savings accounts aren’t really compatible with conventional “actuarial value” calculations. If you have a consumer-driven health plan consisting of high-deductible insurance and a health savings account, and you don’t count the HSA as a “health expenditure,” the actuarial value of your plan could be extremely low. On the other hand, if HSA savings are counted as a form of health spending, the actuarial value of your plan could be quite high.
As usual, under our new health law, the government gets to decide these things on our behalf.
Be sure to read Avik's entire column.
When people pay for their own health insurance, it helps bring costs down because people shop for value. By making it harder for people to pay for their own health care, ObamaCare drives us in the opposite direction, and inevitably drives costs up.
The only answer is repeal.
Will you help us advance the cause of repealing ObamaCare?
Share this message on Facebook and Twitter, and ask your family and friends to sign the ObamaCare Repeal Pledge.
Just that simple action helps build the mandate that will be needed for Congress to fully and completely repeal this government take-over of our private health care decisions.
Thank you for all you are doing to make repeal of ObamaCare a reality.
VP for Policy & Economics
Independent Women's Voice