While writing the Obamacare bill back in 2009, Obama’s health care adviser Jonathan Gruber stated that the ACA would definitely not be affordable.
After Gruber counseled Obama personally of this fact…Obama told the American people that premiums would go down. The Liar In Chief was doing what he does best.
Adding insult to injury is the Obamacare mandate.
“The problem is it starts to go hand in hand with the mandate; you can’t mandate insurance that’s not affordable. This is going to be a major issue,” Gruber revealed in a lecture on Oct. 2, 2009.
GO TO PAGE 2 FOR MORE:
I knew it, I voted against it from the start
Plain and simple Obama put the screws to the American people again and again.
Make him pay the bill out of his pocket.
I was in the insurance business for the last fifteen years of my working life. When I sold my agency and retired I started teaching risk management and reserve funding in a graduate program in business administration. I read the health law after it passed in 2010. Admittedly, it took me two and one-half years to wade through the entire piece of legislative detritus; but I read it. I attempted to warn people about the hidden costs and the necessary wildly excessive premium increases. I grew weary of being excoriated by people who didn’t know risk management from s**t in your hat, and gave up.
Indurance is not difficult to understand. There must be a sufficiently large group of people who share similar risk characteristics, age, height, weight, health status, etc. This is called the law of large numbers. An insurance carrier must have this large pool of people from which to spread the risk of loss and to collect sufficient premium dollars to fund immediate and future claims.
The insurance industry was ready for the law. Carriers adjusted their rate making algorithms to account for having to take all applicants regardless of any preexisting medical conditions. They also took into account the hideously expensive premium taxes and reinsurance fees they and business would have to pay to fund this law. They also cancelled any policies that didn’t meet “minimum essential coverage, for example maternity benefits for single men.
What happened is that the necessary forty percent of individuals in 18 to 34 age group to make the plan viable did not enroll in a plan. The actual number was about twenty-eight percent.
Here’s what happens with a shrinking risk pool:
People drop out and opt for no coverage–>premiums necessarily rise–>more people drop out of the risk pool–>higher premiums. This is known as the “death spiral.” Eventually, the plan will crash of its own bloated weight.
well all I can say he was right that “AMERICANS ARE STUPID!” but not the stupid that he was talking about, STUPID THAT THEY VOTED A TYRANT INTO OFFICE
Obama care is all about more power and complete control of the American people!! Making Americans buy something they don’t want or fine you!! That is unconstitutional!!!! WAKE UP!!
Repeal it
That’s why I’m not doing it and I refuse to file taxes til it is resolved
SO DUMP IT ALREADY
REPEAL- DEFUND!