Tag Archives: Congressional Budget Office

Blue Cross Blue Shield rate increase, Obama lies, Blue Cross Blue Patients, ObamaCare study, Premiums rise 54%, Congressional Budget Office, Pelosi and Reid lies

Posted on December 7, 2009 | 132 comments

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****  Update  Below 12/7/09, 1:05 PM ET  **** 

Weeks before I read the Wall Street Journal article below, I knew that ObamaCare would raise rates for existing health care policy holders and that the impact would happen sooner than later. Several weeks ago, a close personal friend informed me that their Blue Cross Blue Shield health insurance premium had been significantly raised. When this person called the insurance office, they were told it was happening across the board. I then ran into a friend of mine who works for Blue Cross Blue Shield. The friend confirmed the story and stated that their rates had also been increased.

From the Wall Street Journal, December 5, 2009.

“Blue Cross Blue Patients”

“Another day, another study confirming that ObamaCare will increase the price of health insurance. The Blue Cross Blue Shield Association has found that premiums in the individual market will rise on average by 54% over the status quo, which translates into an extra $3,341 a year for families and $1,576 for singles. The White House denounced the report as a “sham” before it was even released, which shows how seriously it takes such concerns.

The Congressional Budget Office also found this week that ObamaCare will boost premiums in the individual market by as much as 13%. But the White House called that a triumph because the higher costs will be offset by taxpayer subsidies that will be transferred to the federal balance sheet.

The Blue Cross study is in fact more precise than CBO’s because it is based on real market data, rather than modeling assumptions. The association mined the actuarial data from its six million individual or small-business policies, nearly one-eighth of those sold in the U.S.”

“”And you can bet as we continue to make progress,” communications director Dan Pfeiffer wrote on the White House blog, “the insurance industry will continue to try and distract and misinform because they know their very profitable status quo is in grave danger.” He must be referring to the industry’s overall profit margin of 2.2% in 2008.”

Read more:

http://online.wsj.com/article/SB10001424052748704007804574574170859847850.html

****  Update  ****

I obtained the actual premium increase from my close friend:

49 % increase!
 

Thanks to commenter Patriot Dreamer

132 Comments

Posted in Abortion, Announcements, Barack Obama, Citizens for the truth about Obama, Congress, Congress Watch, DC, Deficit, Democratic Disaster, Democrats, drugs, Family, Financial crisis, Government, Harry Reid, Health Insurance, Healthcare bill, Hospitals, indictment, Liberalism, Lies, Medicare, Money, Nancy Pelosi, News, Obama, Obama administration, Obama indictment, Obama lies, Obama Nation, Obama records, Obama taxes, Politics, Reform, Socialists, Taxes, The Case Against Barack Obama, United States, US economy, US House of Representatives, US Senate, Washington DC, white house

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Reid and Pelosi push socialist Health Care Bill, Reid said next week, Congressional Budget Office, Pelosi defends jail time, Fines

Posted on November 12, 2009 | 23 comments

Two jackasses must be removed from Congress. Harry Reid and Nancy Pelosi. They are pushing hard to ram an unpopular, socialist Health Care Bill down the throat of the American public. And the mentally unstable Pelosi defends the penalties included in the bill for not signing up for health care, including jail time.

From the NY Times, November 10, 2009.

“Reid Says Health Bill Will Be Done by Christmas”
“The Senate majority leader, Harry Reid of Nevada, said Tuesday that he expected to bring major health care legislation to the floor next week and to complete work on the bill before Christmas. But other Democratic leaders said it was unlikely that a bill could reach President Obama’s desk by year’s end.

The House approved its version of the health care legislation late Saturday by a vote of 220 to 215. In a first procedural step toward Senate debate, Mr. Reid on Tuesday night moved to put the House bill on the Senator calendar, from which he could call it up any time after Tuesday.”

“Senate Republicans seized on new polling data showing that Americans are increasingly uncomfortable with the sweeping health care legislation. The Republican leader, Mitch McConnell of Kentucky, said Democrats were ignoring public opinion in pressing forward with the bill.

“As we go forward here in the Senate,” Mr. McConnell said, “I hope it will not be lost on our Democratic friends where the public is, how the public feels about this measure. They’re speaking increasingly loudly that they do not think it ought to pass.””

Read more:

http://www.nytimes.com/2009/11/11/health/policy/11health.html

From a Youtube video

“Does House Speaker Nanci Pelosi Dodge Tough Question on Health Care??? You decide.
Komo 4 News (ABC Seattle) Reporter Shomari Stone Asks House Speaker Nanci Pelosi about the following:

According to Committee On Ways & Means Republicans Ranking Member, Dave Camp, “the non-partisan Joint Committee on Taxation (JCT) confirming that the failure to comply with the individual mandate to buy health insurance contained in the Pelosi health care bill (H.R. 3962, as amended) could land people in jail. The JCT letter makes clear that Americans who do not maintain acceptable health insurance coverage and who choose not to pay the bills new individual mandate tax (generally 2.5% of income), are subject to numerous civil and criminal penalties, including criminal fines of up to $250,000 and imprisonment of up to five years.”

But in all fairness, the Office of Speaker Nancy Pelosi released this information in an email to Shomari Stone about an hour AFTER THE NEWS CONFERNENCE:

“Reform includes a shared responsibility requirement, for those who dont already have insurance to either purchase affordable health insurance or pay a fee of 2.5 percent of their income so they are not driving up everyone elses health costs.

Under the bill, the only people who would face the fee for not purchasing insurance are those who can truly afford to purchase such insurance.

For those who can afford insurance but for some reason do not purchase it, they simply pay the fee a fee designed to cover their costs when they use the health care system. For a small number of people who might refuse to pay the fee, it is important to remember that, in the majority of cases, the IRS which will enforce the insurance requirement uses the CIVIL process to settle delinquent penalties and taxes.
It would only be in extremely rare circumstances that criminal prosecutions of any kind would be pursued. Indeed, in 2008, there were 156 million individual tax returns filed in the United States. Out of all of those 156 million returns, there were only 100 criminal prosecutions for willful failure to pay taxes and only for the most egregious examples of those who willfully defraud the system.””

Nancy Pelosi will stop at nothing to push her socialist agenda. Her involvement in attempts to steal the NY congressional seat recently bears this out. This blog will be reporting more on Nancy Pelosi’s past, and like her persona, it is not a pretty picture.

23 Comments

Posted in Announcements, Barack Obama, Budget, Capitol Building, Congress, Congress Watch, Congresswoman, Constitution Hall of Shame, corruption, DC, Deficit, Democratic Disaster, Democrats, Dollar, Election 2009, Election 2010, Financial crisis, Government, Harry Reid, Health Insurance, Healthcare bill, Liberalism, Lies, Medicare, Money, Nancy Pelosi, New York, News, NY Times, Obama, Obama administration, Obama indictment, Obama lies, Obama Nation, Obama records, Reform, Senator Baucus, Taxes, Tea Party, The Case Against Barack Obama, United States, US Constitution, US economy, US House of Representatives, US Senate, voters, Washington DC, white house

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Deficit projections skyrocketing, Tuesday, August 25, 2009, Obama agenda, White House budget office, Congressional Budget Office, CBO, 2 trillion jump

Posted on August 24, 2009 | 114 comments

From Reuters:

“New deficit projections pose risks to Obama’s agenda”

“WASHINGTON (Reuters) – President Barack Obama’s domestic policy proposals will face the reality of skyrocketing deficits on Tuesday when officials release two government reports projecting huge budget shortfalls over the next decade.

The White House budget office and the Congressional Budget Office (CBO), a non-partisan arm of Congress, release updated economic forecasts and deficit estimates on Tuesday, providing further fiscal fodder to opponents of Obama’s nearly $1 trillion healthcare overhaul plan.

Many of the figures are already known.

The White House has confirmed that its deficit estimate for the 2009 fiscal year, which ends September 30, will inch down to $1.58 trillion from $1.84 trillion after eliminating billions of dollars originally set aside for bank rescues.

Looking forward, an administration official told Reuters the 10-year budget deficit projection will jump by about $2 trillion to roughly $9 trillion from an original forecast of $7.1 trillion.”

“Many economists think it is unlikely that the government can curtail spending, which means taxes would have to rise to cover the increasing costs of providing retirement benefits and healthcare to older people. That could slow economic growth.

Stanford University economics professor John Taylor, an influential economist, told Reuters Television on Friday the U.S. budget deficit poses a greater risk to the financial system than the collapse in commercial real estate prices.”

Read more:

http://www.reuters.com/article/politicsNews/idUSTRE57M0WV20090823

114 Comments

Posted in 2009 Stimulus Bill, Announcements, Barack Obama, Budget, Citizens for the truth about Obama, Congress, Deficit, Democratic Disaster, Democrats, Election 2008, Financial crisis, Government, Health Insurance, Healthcare bill, indictment, Jobs, Medicare, Money, Money Markets, News, Obama, Obama administration, Obama indictment, Obama records, Obama taxes, Pharmaceuticals, Reform, Secretary of the Treasury, Socialists, Taxes, The Case Against Barack Obama, Town Hall, United States, US economy, US House of Representatives, US Senate, Usurper, voters, Washington DC, white house

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