HHS 2012 report on Obamacare savings, Market Watch Orwellian spin Obamacare saved consumers $1.2 billion in 2012 premiums, HHS Obama Ministry of Obamacare Truth
“If you’ve got health insurance we’re going to work with you to lower your premiums by $2,500 per family per year.”…Barack Obama
“In the individual market, the average rate request increase dropped by 12 percent (from 8.1 percent to 7.1 percent) after rate review, saving consumers an estimated $311 million.”…HHS Rate Review Annual Report September 2013
“He was alone. The past was dead, the future was unimaginable. What certainty had he that a single human creature now living was on his side? And what way of knowing that the dominion of the Party would not endure for ever? Like an answer, the three slogans on the white face of the Ministry of Truth came back to him:
WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH”…George Orwell, “1984”
Obamacare has been nothing but bad news for Obama and Americans. That is why many of us believe that he wants attention focused on Syria.
Report after report from credible sources such as major corporations as well as state and local governments tells of rising health care costs, layoffs, increased part time hours and delayed hiring plans.
Here are some of the news headlines and facts regarding Obamacare’s impact on Americans and health care costs.
“The Patient Protection and Affordable Care Act (PPACA)[1] imposes numerous tax hikes that transfer more than $500 billion over 10 years—and more in the future—from hardworking American families and businesses to Congress for spending on new entitlements and subsidies. In addition, higher tax rates on working and investing will discourage economic growth both now and in the future, further lowering the standard of living.”…Heritage Foundation
“Rising medical costs, “combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level of health care benefits to our employees at an affordable cost,” UPS said in a memo to employees.”
“While acknowledging that overall health spending continues to rise, the company also blamed cost increases on the Affordable Care Act’s research fee (initially $1 per health plan member, then rising to $2) and an a temporary fee of $63 per member to stabilize new online marketplaces for consumers buying directly from insurers.”…Kaiser Health News August 21, 2013
“However … health insurance rates and benefit coverage plan costs have continued to increase. As a result of those increases, county employees have experienced a pay decrease that has grown larger each year.”…Guilford County Interim Manager Sharisse Fuller
“Rate Shock: In California, Obamacare To Increase Individual Health Insurance Premiums By 64-146%”…Forbes May 30, 2013
“The State University of New York in Plattsburgh raised their premium from $440 per student to between $1,300 and $1,600;
Lenoir-Rhyne University (Hickory, NC) raised theirs from $245 to $2,507; and
· The University of Puget Sound (Tacoma, WA) raised theirs from $165 to between $1,500 and $2,000” …CNS News August 27, 2012
Naturally, HHS, AKA Obama’s Ministry of Obamacare Truth and Obama’s minions at Market Watch had to rectify all of these negative news stories and facts.
From Market Watch September 12, 2013.
“Obamacare saved consumers $1.2 billion in 2012 premiums, HHS says”
“With all the Obamacare broadsides being traded back and forth, here’s another salvo the Department of Health and Human Services launched Thursday: the controversial health-care overhaul saved consumers at least $1.2 billion in premiums last year.
The savings came via the “rate review” portion of President Obama’s signature legislative achievement and affected 6.8 million policyholders, or roughly $176 per consumer. Obamacare’s “rate review” calls for no more than a 10% increase in premiums during a fiscal year.
In a 16-page report, HHS says that the average rate went up 7.1% for individual market policyholders in 39 states during 2012, saving them $311 million from the requested 8.1% hikes. For the small-group market last year, rate increases averaged 4.7%, down from the 5.8% requested in 35 states. That resulted in a savings of $866 million.”
The astute commenters at Market Watch saw through the Orwellian spin.
“PATRICK MCMANUS2 minutes ago
Are Americans this dumb? Really? An increase of less than what it theoretically could have been IS NOT SAVING! Your costs still went up, didn’t they? You paid more, didn’t you? So tell me again, HOW MUCH did you SAVE?
Here come all the critics!!!!! Excuse after excuse after excuse….
Offset by hundreds of billions in tax increases. WTF?!?!?!!?!?!?!
Since the insurance premiums could have gone up 10% and they only went up 7.1% this is a savings? Talk about government accounting. Foney. I saved $100 today by not buying that new golf club. SAY WHAT!!!!??
Bull Common sense telsl you that when you add requirements to a policy, the money has to come from somewhere. That somewhere is the Premium. This Rodeo Clown has cost our company thousand more per year! We have less than 20 and we provide insurance because we want good people.
Thanks to Sen. Joe Donnelly (IN) who as a congressman blindly voted in Obamacare and now is “surprised” by what was actually in that bill. What a moron!. I told him he needs to have a better Attention Span when they start talking about Syria. But he’s a Democrat, so that attention span will last for these few words “Good morning Senators, free coffee and donuts are in the corner” he will then spend the rest of the day trying to find the corner in a round room!
When you appraise your own performance anything is possible…..yet, it is just rhetorical rhetoric that Obamacare has anything to do with health.
It is all about Leftist centralized control of $5.1 trillion in Gross Domestic Product from the Insurance and Health industries, formerly under the control of the private sector, and control of the citizens. When Leftist centralized government controls your health it controls you.
Defund it now!
With a population of 300 million in the US, $1.2 billion is equal to $4 per American. And in July, it was announced that the government was going to spend more than half of these “savings”, $684 million, to hire celebrities to promote Obamacare…even bad non-profits don’t spend half of what they raise for marketing!
im still paying the same amount for coverage , didn’t Obama say the rates would come down ?
Citizen WElls 