Obamacare just raised your health care premium by $63

posted at 12:41 pm on December 11, 2012 by Mary Katharine Ham

If you’re a member of the mainstream media, you’re “surprised” by this in the same way that every bad jobs report is “unexpected.”

Among the regulations being rushed out the door by the Department of Health and Human Services 32 months after Obamacare passed is a requirement that every plan in America be subject to a $63 fee. That $63 is part of a fund to subsidize people with pre-existing conditions, who are more expensive to cover but whose costs must be transferred to healthier individuals in the new system.

Reporting suggests the costs could hit 190 million health care plans held by individuals or provided by employers. The AP:

The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed on to workers.

Do tell. Who could have predicted this? More on the fund we’re creating:

Most of the money will go into a fund administered by the Health and Human Services Department. It will be used to cushion health insurance companies from the initial hard-to-predict costs of covering uninsured people with medical problems. Under the law, insurers will be forbidden from turning away the sick as of Jan. 1, 2014.

The program “is intended to help millions of Americans purchase affordable health insurance, reduce unreimbursed usage of hospital and other medical facilities by the uninsured and thereby lower medical expenses and premiums for all,” the Obama administration says in the regulation. An accompanying media fact sheet issued Nov. 30 referred to “contributions” without detailing the total cost and scope of the program.

Of the total pot, $5 billion will go directly to the U.S. Treasury, apparently to offset the cost of shoring up employer-sponsored coverage for early retirees.

The $25 billion fee is part of a bigger package of taxes and fees to finance Mr. Obama’s expansion of coverage to the uninsured.

You see, we’re “lowering medical expenses and premiums for all” by…raising them for pretty much everyone. This is such a sweet deal.

But don’t worry. It’s temporary. The fee starts at $63 in 2014 and it gets lower every year until it’s phased out in 2017 because, obviously, people with pre-existing conditions will stop costing more money after that. Right, and “The Bachelor” never used the Fantasy Suite for anything more than a soda pop and a game of Scattergories with all those other women before he proposed to you, girl. You know he loves you!

But there’s more!

In the debate over the looming fiscal cliff, U.S. President Barack Obama often plays down any adverse economic impact from letting the 2001 and 2003 tax cuts expire for high-income Americans, claiming that the top tax rates would merely return to where they were during the Clinton years.

Unfortunately, the president’s claim is incorrect because he ignores the impending arrival of the unearned income Medicare contribution tax, which will further raise tax rates on income from saving.

Scheduled to take effect on Jan. 1, the tax, which was adopted as part of the 2010 health-care law, is a 3.8 percent levy on interest, dividends, capital gains and passive business income received by taxpayers with incomes exceeding $200,000 (or $250,000 for couples).

Because the new tax was added to the health-care law late in the process without congressional hearings, it received little attention at the time. With only a few weeks left before it takes effect, it remains largely unknown…

One problem with the unearned income Medicare contribution tax is the name Congress chose for it, which is a triple misnomer. The income that will be subject to the tax isn’t unearned — it is earned by savers who receive market rewards for delaying consumption and providing funds to finance business investment.

Also, because the proceeds will be paid into the general treasury, the tax will have no financial link to Medicare. And, of course, the tax will be a compulsory payment, not a voluntary contribution.

As you’ll remember, the president promised throughout his first campaign for president and the contentious health care debate that his plan would lower premiums for Americans by as much as $2,500 annually.

“I will sign a universal health care bill into law by the end of my first term as president that will cover every American and cut the cost of a typical family’s premium by up to $2,500 a year.”

Even Politifact deems that promise totally broken.

As with most Obama promises, this one has been modified and hemmed and hawed and denied into near non-existence, but here he is offering a super-qualified variation in 2012. Let’s see how that one holds up:

“The other thing we’ve done is to say, what are the critical needs of small business? A lot of time, one of the biggest challenges is to make sure that you, as a sole proprietor, that you can get health insurance for you and your family. So when you hear about the Affordable Care Act — Obamacare — and I don’t mind the name because I really do care. That’s why we passed it. You should know that once we have fully implemented, you’re going to be able to buy insurance through a pool so that you can get the same good rates as a group that if you’re an employee at a big company you can get right now — which means your premiums will go down.”
— President Obama, campaign speech in Cincinnati, July 16, 2012

The Washington Post assesses this much more modest, qualified version of the original promise at “Three Pinocchios,” conceding what the rest of us have known for quite some time— requiring 10 Essential Health Benefit categories for every qualified plan, adding those with pre-existing conditions to the rolls, getting rid of simpler, cheaper catastrophic plans and mini-meds for the young and healthy, changing age band requirements to limit how much more companies can charge for relatively high-risk older customers, and factoring in all the taxes and fees in the law will actually make coverage for the average person more expensive, not cheaper. But the Post is pretty sure you’ll like what you’re getting even if it’s really expensive and nothing like what you were sold:

The good news is that there would be a significant expansion of people with health insurance. And, after tax subsidies, many people may experience premium decreases. One could argue that overall there are more winners than losers.

But the bad news is that, on average, premiums almost certainly will go up — with some people really getting hit with increases. “Based on the analysis of the individual market, there is a concern for rate shock to a material portion of the population,” a report for Rhode Island said. “The individuals who currently are qualified for preferred rates will be seeing large increases in their healthcare premiums if they do not qualify for premium subsidies.”

And, guess who’s likely to be hardest hit? Young people, take your medicine:

The newly announced rules limit insurers to charge their oldest customers no more than three times as much as younger ones. As shown in the following chart based on estimates by international management consulting firm Oliver Wyman, the rule will force insurers to hike rates for 18- to 24-year-olds by 45 percent even as rates for those 60 and older drop by 13 percent in most states.[2] That means a 22-year-old waitress paying $2,068 for her health insurance will have to fork over $3,000 when Obamacare takes effect.[3] And these figures even underestimate the actual impact.

Up until now, in many states, the maximum age band ratio, which is the wretched term for this, was 5:1. Insurance carriers are right now frantically preparing for the deadlines to request rate hikes from each state’s insurance commission as these regulations get sent to actuaries. The news is not going to get brighter.


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Obamacare just raised your health care premium by $63

If a story goes unreported…….is it really a story?

PappyD61 on December 11, 2012 at 12:43 PM

Obamacare just raised your health care premium by $63

If a story goes unreported…….is it really a story?

PappyD61 on December 11, 2012 at 12:43 PM

If the Socialist Worker’s party reams a taxpayer in the BSM forest and no intelligent people are around, does it still make a sound?

Galt2009 on December 11, 2012 at 12:48 PM

Well that was in expectedly unexpected.

RAGIN CAJUN on December 11, 2012 at 12:48 PM

Speaking of people getting screwed:

California’s Population is Moving Out, Census Report Shows
More people are moving out of the state than into the state, a new Census report shows.
http://www.nbclosangeles.com/news/local/Californias-Population-Moving-Out-182914961.html

The trend can be explained, in part, in monetary terms. Even in an economic boom, the cost of living in California has increased, prompting people to move out, and, in recent years, unemployment in the state has skyrocketed.

Who didn’t see that happening?

Galt2009 on December 11, 2012 at 12:49 PM

The newly announced rules limit insurers to charge their oldest customers no more than three times as much as younger ones. As shown in the following chart based on estimates by international management consulting firm Oliver Wyman, the rule will force insurers to hike rates for 18- to 24-year-olds by 45 percent even as rates for those 60 and older drop by 13 percent in most states.[2] That means a 22-year-old waitress paying $2,068 for her health insurance will have to fork over $3,000 when Obamacare takes effect.[3] And these figures even underestimate the actual impact.

That’s why “kids” can stay on their parents plan until they’re 25.

ButterflyDragon on December 11, 2012 at 12:50 PM

Ah, fire’s getting hotter already. Man, going to be bittersweet rubbing libs faces in this when the conflagration really gets going.

Midas on December 11, 2012 at 12:51 PM

Pipe Dreams.

So much of the Obama care cost estimates were based on assumptions that I stopped reading about it.

Friends who spent more time on it eventually came back to the sad conclusion that you can’t give care to more people without increasing the expense and the idea that there is corruption to be removed or volume discounts to be had were leaps of faith.

Maybe we can pay for it with the miracle clean energy inventions that the DOE is going to announce any day now.

IlikedAUH2O on December 11, 2012 at 12:53 PM

It seems this is just one of thousands of reasons for states to reject bhocare in their states? If I am reading this correct?
L

letget on December 11, 2012 at 12:53 PM

The retired French actors guild approves, oh wait….

RAGIN CAJUN on December 11, 2012 at 12:54 PM

Hoocoodanode?

Robert_Paulson on December 11, 2012 at 12:54 PM

This is just the tip. Don’t worry, just the tip.

Curtiss on December 11, 2012 at 12:56 PM

Stick those who voted for the tool with the bill. You wanted it, you pay for it. Let’s see how many of them really care about the sick and downtrodden then.

changer1701 on December 11, 2012 at 12:57 PM

There’s more coming. Like, Scooter trying to figure out some way to make the states form Exchanges, so all his local Cronies can have jobs.

kingsjester on December 11, 2012 at 12:58 PM

Also: several insurance companies have closed shop or switched to other lines of insurance. Especially in lower-population states. Last I heard you CANNOT get a child-only health insurance policy in Oklahoma now. The risk pools just aren’t big enough in smaller states for insurance companies to remain profitable while having to justify any rate increases to HHS and more and more requirements for basic coverage.

There will either be mass consolidation of insurance companies, or they’ll leave the market entirely. Single-payer, here we come.

Meric1837 on December 11, 2012 at 12:59 PM

Obamacare just raised your health care premium by $63

If a story goes unreported…….is it really a story?

PappyD61 on December 11, 2012 at 12:43 PM

My ultra liberal touchy feely local news station reported it. I almost fell off the couch.

gophergirl on December 11, 2012 at 12:59 PM

Ours went up by more than that!

esr1951 on December 11, 2012 at 1:00 PM

Great news. I was already told by my employer that my insurance is going up 60% by next summer.

Thank you, Obama dupes. Way to stick it to the evil rich people.

Moesart on December 11, 2012 at 1:01 PM

What a country!

Military vets and other legal Americans are dying without medical care.

Then we have this:

http://www.chicagotribune.com/news/local/ct-met-illegal-immigrant-kidney-transplant-20121209,0,3537821.story

IlikedAUH2O on December 11, 2012 at 1:01 PM

Good article, but I could have done without all the cheap shots at “The Bachelor”. It’s a fine show.

Chuck Schick on December 11, 2012 at 1:02 PM

A 3.5% charge will be added to the exchanges; the insurance companies will also pass those on as well. Government definition of ‘lower cost health care’.

michaelo on December 11, 2012 at 1:05 PM

As you’ll remember, the president promised throughout his first campaign for president and the contentious health care debate that his plan would lower premiums for Americans by as much as $2,500 annually.

Actually, the idiot promised that it would “reduce premiums by 3000%!”

“Stupid” does not even begin to describe the Indonesian. How anyone can bother to listen to anything he says that involves numbers greater than 20 boggles my mind.

ThePrimordialOrderedPair on December 11, 2012 at 1:09 PM

Ohhhh!

I almost forgot – Where are all the trolls acknowledging Obama’s ownership of this debacle?

Galt2009 on December 11, 2012 at 1:09 PM

My first two WTF’s are, how in the world do you pass a bill that is still being written two years after the fact? And this $63 going into an account, is that anything like the Social Security lock box? Just wondering.

Cindy Munford on December 11, 2012 at 1:11 PM

In 2008 Small Group rate plans (2 to 50 employees)came in at ~$250/person per month.

Today the same policy comes in at $700/person per month.

The Health Control bill is costing far more than $63.

Afterseven on December 11, 2012 at 1:13 PM

This like effin’ 1984.

Blake on December 11, 2012 at 1:14 PM

Does this look infected to you?

RAGIN CAJUN on December 11, 2012 at 1:15 PM

Cindy Munford on December 11, 2012 at 1:11 PM

I have a feeling this is just one of many many more to come we will find out bhocare has in it? It probably will take years to finally get to the bottom of this gosh horrible bill!
L

letget on December 11, 2012 at 1:15 PM

Boo hoo. $63 to cover people with pre-existing conditions. Cheap. Maybe you’ll have to cut back on shot gun shell purchases or chewing tobacco or something. Heartache.

lostmotherland on December 11, 2012 at 1:17 PM

OT

This is creepy.

Obama and losmotherland are for tyrannies around the world.

Schadenfreude on December 11, 2012 at 1:19 PM

I hope Morsi will destroy Omama’s Arab ‘Spring’.

Schadenfreude on December 11, 2012 at 1:21 PM

Boo hoo. $63 to cover people with pre-existing conditions. Cheap. Maybe you’ll have to cut back on shot gun shell purchases or chewing tobacco or something. Heartache.

lostmotherland on December 11, 2012 at 1:17 PM

Libs…always generous with other people’s money. I’m gonna take a wild guess and assume you’re not cutting checks to the gov’t beyond your tax liability…you know, to take care of the folks.

changer1701 on December 11, 2012 at 1:21 PM

Maybe you’ll have to cut back on shot gun shell purchases or chewing tobacco or something. Heartache.

lostmotherland on December 11, 2012 at 1:17 PM

Always starve the Looters. Make them starve, in the cold/dark. They are all exploiting clueless moochers like lostmotherland.

Schadenfreude on December 11, 2012 at 1:23 PM

Boo hoo. $63 to cover people with pre-existing conditions. Cheap. Maybe you’ll have to cut back on shot gun shell purchases or chewing tobacco or something. Heartache.
lostmotherland on December 11, 2012 at 1:17 PM.

Hank Johnson called, he wants Guam back….

RAGIN CAJUN on December 11, 2012 at 1:23 PM

That Nancy sure was right.This is the biggest lie and fraud on the American people in my lifetime.At least we know who owns it.

docflash on December 11, 2012 at 1:23 PM

The Motherland is Lost.

May she sail into oblivion. It’s schadenfreudig to watch so much self-inflicted stupidity.

Schadenfreude on December 11, 2012 at 1:24 PM

The insurance premiums my wife and I have went up 29% from 2012 to 2013. I really don’t understand how this president can have that grin from ear to ear.

fistbump on December 11, 2012 at 1:24 PM

Boo hoo. $63 to cover people with pre-existing conditions. Cheap. Maybe you’ll have to cut back on shot gun shell purchases or chewing tobacco or something. Heartache.

lostmotherland on December 11, 2012 at 1:17 PM

Everyone has to pay it, not just the people you personally hate.

Chuck Schick on December 11, 2012 at 1:24 PM

lostmotherland on December 11, 2012 at 1:17 PM

Gee, if this was the only thing being added, we would have all been on board but it’s not now is it?

Cindy Munford on December 11, 2012 at 1:25 PM

This is like effin’ 1984.

Blake on December 11, 2012 at 1:14 PM

Dude, we passed 1984 in November 2008. We’re living the sequel now and it won’t end well. I don’t need to read the last page to find out.

TxAnn56 on December 11, 2012 at 1:28 PM

Cindy Munford on December 11, 2012 at 1:25 PM

I had someone like that on my Blog today. Can’t see the log in his own eye.

kingsjester on December 11, 2012 at 1:30 PM

My first two WTF’s are, how in the world do you pass a bill that is still being written two years after the fact? And this $63 going into an account, is that anything like the Social Security lock box? Just wondering.

Cindy Munford on December 11, 2012 at 1:11 PM

Yep. This was, for me, as bad as passing this boondoggle with zero GOP votes, in a backroom, “pass it to see what’s in it”, etc.

This idiot president’s law is filled with language like, “The Secretary [HHS--Sebellius, another idiot] shall…” And, “…to be determined by the Secretary.”

For the life of me, I can’t understand how this is legal. (What stops them from passing a law like, “Odumbo will tell you…Odumbo will figure it out…”?)

RedCrow on December 11, 2012 at 1:31 PM

lostmotherland on December 11, 2012 at 1:17 PM

Wow. You’re still a dullard. Scary times that jagoffs like you are in the majority. Enjoy your mediocrity.

22044 on December 11, 2012 at 1:33 PM

Tempers are flaring in Michigan as Marxist Unions loose their Stalin like Iron Grip on the state. Funny how their violent actions just are not achieving their desired results.

SWalker on December 11, 2012 at 1:34 PM

The insurance premiums my wife and I have went up 29% from 2012 to 2013. I really don’t understand how this president can have that grin from ear to ear.

fistbump on December 11, 2012 at 1:24 PM

So did ours, and so did the co-pays for the services we receive. It’s costing us a bundle, and it’s going to get worse.

On top of that, our family physician is talking about retiring, rather than deal with all the crap, and he’s not the only one. When doctors start leaving the profession, we’ll have Canadian healthcare minus the total government control….then there will be an even bigger “CRISIS” and that will give the feds an excuse to eliminate the insurance companies altogether.

Then they’ll be importing doctors from foreign countries and we’ll have what they’ve wanted all along, socialized medicine with rationing and long waits. Sub-standard care will be the norm, and we’ll all be “equal” except for the rich elites who will go elsewhere and pay cash for their care.

JannyMae on December 11, 2012 at 1:36 PM

Don’t worry! Obama promised you get to keep your old insurance if you liked it. And he always keeps his promises, unless he doesn’t.

Wino on December 11, 2012 at 1:37 PM

If the $63 charge isn’t a big surprise …

How about the 16 current Senators and 2 Senators-elect who signed a letter asking Harry Reidiculous to delay collection of the ObamaScare/RobertsTax medical device tax until they–THEY–can repeal it. Imagine that–Dembeciles to the rescue!!

Especially MN’s two Dumb senators, Amy Klobuchar, who co-wrote the letter, and clown Al Franken, who signed it after all the heavy lifting was done–both of whom voted for the behemoth unaffordable healthcare act but didn’t bother to read it beforehand or they would have known ahead of time how it would kill too many jobs in their home state due to the large medical device manufacturers doing business in MN. Way to go, incompetent clowns! That was doing your job and representing the constituents and interests of your home state! And they got heavyweight US Senate incompetents Schmuck Schumer of NY and Dick lyin’ sack’o’Durbin of IL to sign the letter so that dumbmass Harry will take it seriously–as if.

stukinIL4now on December 11, 2012 at 1:37 PM

Cindy Munford on December 11, 2012 at 1:25 PM

I had someone like that on my Blog today. Can’t see the log in his own eye.

kingsjester on December 11, 2012 at 1:30 PM

BWAHAHAHAHAH… Just wait until it finally sinks into that looser Lostmotherlands thick noggin that he/she is paying for my health insurance…

SWalker on December 11, 2012 at 1:37 PM

Boo hoo. $63 to cover people with pre-existing conditions. Cheap. Maybe you’ll have to cut back on shot gun shell purchases or chewing tobacco or something. Heartache.

lostmotherland on December 11, 2012 at 1:17 PM

Don’t own a shotgun or use tobacco in any form. So I don’t have to pay, right?

Mitoch55 on December 11, 2012 at 1:39 PM

kingsjester on December 11, 2012 at 1:30 PM

Well it’s good to have the nuts come around every once in a while.

Cindy Munford on December 11, 2012 at 1:41 PM

SWalker on December 11, 2012 at 1:37 PM

Oh please, as if that loser pays for anything. Probably someone we should be able to claim on our taxes.

Cindy Munford on December 11, 2012 at 1:41 PM

Cindy Munford on December 11, 2012 at 1:41 PM

Yep. I’ll be posting my 1,000th Blog Sunday.

kingsjester on December 11, 2012 at 1:43 PM

How about the 16 current Senators and 2 Senators-elect who signed a letter asking Harry Reidiculous to delay collection of the ObamaScare/RobertsTax medical device tax until they–THEY–can repeal it. Imagine that–Dembeciles to the rescue!!

stukinIL4now on December 11, 2012 at 1:37 PM

I had originally thought, at least the vets escaped Obamacare until I read that medical devices include latex gloves, examining tables, and a whole lot of simple medical gear that doctors and vets both use. At least my geriatric cat with a heart murmur won’t have to face the death panels, unlike me.

TxAnn56 on December 11, 2012 at 1:44 PM

kingsjester on December 11, 2012 at 1:43 PM

Wow, sounds like a reason to have a party. That is great.

Cindy Munford on December 11, 2012 at 1:50 PM

Cindy Munford on December 11, 2012 at 1:50 PM

Thank you.

kingsjester on December 11, 2012 at 1:51 PM

NJ has already lived this nightmare coming soon called the death spiral. the young and healthy who are getting screwed by community rating will drop the coverage and pay the minor fine. So the pool shrinks and becomes more concentrated with old and infirm, who submit way more claims, and there are less and less young/healthy to absorb the cost…so rates skyrocket. Which causes more healthy people to drop it so the pool shrinks more and becomes more concentrated with bad risk and rates soar more etc etc.

How did capitalism lose the argument with socialism when all over the world it has been a miserable failure for decades? answer: because no one since Reagan can explain it to the ignorant masses. only massive pain will make the fools realize what they voted for.

phillysfinest on December 11, 2012 at 2:04 PM

People need to know what’s going on in the real world…My health ins premiums have more than doubled in the last two years, mostly due to Obamacare. I’m 62 and now have to decide whether I eat, pay my mortgage, or pay for health insurance, which is now higher than my mortgage. I guess I will drop health insurance and hope I make it to 65 without any major illness.

rich8450 on December 11, 2012 at 2:06 PM

Cindy Munford on December 11, 2012 at 1:41 PM

Yep. I’ll be posting my 1,000th Blog Sunday.

kingsjester on December 11, 2012 at 1:43 PM

Cool, congratulations… How long did it take you to get there?

SWalker on December 11, 2012 at 2:07 PM

$63?

Premiums went up a heck of a lot more than that for 2013.

The insurance companies and doctors organizations, unlike the politicians, have read OCare in its entirety. And they’re not only pricing it in next year, they’re pricing in the rest of this train-wreck in the following years.

You’ll have to pay for it to find out what’s in it.

CorporatePiggy on December 11, 2012 at 2:09 PM

SWalker on December 11, 2012 at 2:07 PM

Since April of 2010.

kingsjester on December 11, 2012 at 2:13 PM

SWalker on December 11, 2012 at 2:07 PM

Since April of 2010.

kingsjester on December 11, 2012 at 2:13 PM

Wow, you are quite the prolific blogger. My little blog has been up since 2008 and I have managed to write a grand total of 137 articles… Man, I really am a slacker aint I… o_O

SWalker on December 11, 2012 at 2:18 PM

SWalker on December 11, 2012 at 2:18 PM

Thank . Just something I enjoy doing…:)

kingsjester on December 11, 2012 at 2:20 PM

This is probably why the Democrats are fighting so hard to keep the “Bush tax cuts for the rich, for people below $250,000″ one because they don’t want them to know those tax cuts actually saved them money and two, they don’t want any competition for what they already have planned.

I hope the Republicans don’t cave and this stuff hits everyone all at once. Hey, they voted for it, they got it.

bflat879 on December 11, 2012 at 2:20 PM

But you can keep your doctor!!

Khun Joe on December 11, 2012 at 2:25 PM

For 2013, the IRS reduced the allowable pretax contributions to a health flex savings account from $5,000 to $2,500. That $2,500 difference now represents an increase in healthcare costs of $625 (if you’re in the 25% tax bracket).

This is a hidden tax increase if ever I saw one. You may argue this is aimed at the wealthy participants, but if you think about it, it hits the ones that need heathcare the most and anticipate larger annual costs beyond what insurance plans cover.

In a sane world, this pretax contribution limit should actually be increased to allow for loss of benefits covered by health plans.

freedomfirst on December 11, 2012 at 2:28 PM

I just switched out of my wife’s health plan, which was previously 100% covered at her office for employees and their families (trade off being no 401k), to go on my own through work since she now has to contribute for her own and is cheaper for me to have my own. So, now she gets no 401k and both of us have to contribute to our own health plans through our own offices. Thanks, Barack.

The Count on December 11, 2012 at 2:43 PM

more proof that progressive liberalism is a cancer, and progressive liberals are incredibly stupid, mindless, obamabots.

ultracon on December 11, 2012 at 2:44 PM

Oh, it’s more than that. My deductible has gone up, my prescriptions copay have gone up, my doctor’s copay has gone up.

This free health care is certainly expensive!

Nethicus on December 11, 2012 at 2:59 PM

I’d really have liked it if my health care premiums had only gone up $63 or even 29%. My retiree medical premium went up over 300% just after the demonrats “gave” us obamascare.
And I’m so looking forward to it, since I grew up in Canada while that commie bastich Trudeau was “giving” us free health care. Lost my first wife to that “care” …

small_c_con on December 11, 2012 at 3:00 PM

What’s more frightening, ultracon, is that progressives now exactly what they’re doing. Search & destroy.

Belle on December 11, 2012 at 3:03 PM

Don’t know why folks are comlaining about a measly $63… Obamacare has already caused my premiums to skyrocket due to mandated coverage that I don’t want or need. Worse, when the so-called “affordable healthcare act” comes fully into effect, the policy I currently have (and like, in spite of close to a 45% increase in premiums over the past 3 years) will disappear. Then, my premium for the “basic coverage” mandated by Obamacare is estimated double or triple.

The only saving grace in all this is that I will then be able to abandon healthcare insurance until I get sick. The “taxes” for not having insurance are far less than the cost of a policy, and if I wait until I really need coverage, I can’t be denied a policy. I predict that a huge number of folks will be taking great advantage of this feature of the law, much to the detrement of the entire program.

The legal fix for the problem of folks not having insurance is to raise the penalties to the point that you are better off buying the policy. However… at that point the taxes are what you would call coercive. A little-remembered point of Chief Justice Roberts’ opinion was (IIRC) that coercive taxes are unconstitutional. So, it will always be cheaper to pay the tax than to buy the policy before you need it.

Bottom line… healthcare and health insurance as we know them are doomed.

DaveK on December 11, 2012 at 3:10 PM

…the rule will force insurers to hike rates for 18- to 24-year-olds by 45 percent even as rates for those 60 and older drop by 13 percent in most states.

So the youth vote went overwhelmingly to Barry and the dimwits. Sounds like the “progressive youth” are going to find out the “hard way” that elections have consequences.

“What, I have to pay for someone else’s “free cheese”?

Where is the fairness in that? Wah Wah.

Couldn’t happen to a nicer generation. Long after I am dead and gone, these “youths” will be living in misery in their socialist utopia.

djtnt on December 11, 2012 at 3:15 PM

But…but…but Nancy-poo said that Comprehensive Health Care REFORM would LOWER costs!

GarandFan on December 11, 2012 at 3:30 PM

Heartache.

lostmotherland on December 11, 2012 at 1:17 PM

You’re an idiot.

Solaratov on December 11, 2012 at 3:33 PM

This one is pretty minor compared to some of the others that haven’t come out of the woodwork yet. It is totally obvious that this was a completely flawed piece of legislation and should be repealed. You can’t patchwork fix totally stupid.

duff65 on December 11, 2012 at 3:34 PM

kingsjester on December 11, 2012 at 1:43 PM

Congratulations! Keep up the good work.

Solaratov on December 11, 2012 at 3:40 PM

But you can keep your doctor!!

Khun Joe on December 11, 2012 at 2:25 PM

Right. But will your doctor keep you?

Solaratov on December 11, 2012 at 3:46 PM

This nightmare might not be happening if all 4 legislative houses that are supported by us taxpayers weren’t exempt from Obamacare. Think liberal Roberts would have upheld this horrific law if he was part of it? I don’t think so. Think Pelosi would be flashing her botox smile if she had to join taxpayer run healthcare? The elite oligarch will be much better off. Life’s not fair, is it. We’re governed by royalty driven by power & greed, not legislators representing us.

Belle on December 11, 2012 at 3:48 PM

This one is pretty minor compared to some of the others that haven’t come out of the woodwork yet. It is totally obvious that this was a completely flawed piece of legislation and should be repealed. You can’t patchwork fix totally stupid.

duff65 on December 11, 2012 at 3:34 PM

.
What about the provision to allow the IRS to access any or all bank accounts and withdraw the amounts due? Is that still in the woodwork?

News2Use on December 11, 2012 at 4:06 PM

Boo hoo. $63 to cover people with pre-existing conditions. Cheap. Maybe you’ll have to cut back on shot gun shell purchases or chewing tobacco or something. Heartache.

lostmotherland

I know, right? Who are these silly people who actually believe their money belongs to them?

xblade on December 11, 2012 at 4:29 PM

Lostmotherland, are you an Obama supporter? Just wondering.
$63 is the tip of the iceberg. The other costs associated with Obamacare are staggering. No worry, our legislators will have VIP medical care, while we’ll be waiting a long time for treatment or possibly be denied by the 15 panel bureaucratic independent payment advisory board, just like UK, Canada & Europe.

Belle on December 11, 2012 at 4:58 PM

We get this information AFTER the election?

How freaking convenient for Democrats.

franksalterego on December 11, 2012 at 5:15 PM

We get this information AFTER the election?

How freaking convenient for Democrats.

franksalterego on December 11, 2012 at 5:15 PM

By design, obviously.

cptacek on December 11, 2012 at 6:12 PM

How appropriate this came out at this time. The great god obama just raised our social security benefit by 1.7%, which accounts for wholesale inflation if we bought a new car, appliance ora house everyday. Not so much if we waste our money on food, medicine, or heating. While doing so, our medicare bill went from $96.5 to$104 a month. Yes, libfreeordie (our resident librul AO and troll), you pay for medicare when you work and you pay for it when you are forced to after retirement or lose your social security, which you paid for by putting money in a lock box for 50 years.

It would be cheaper for us to NOT be on Medicare and just get our own private insurance, but NOOOO our great gods in Washington don’t allow that without losing a half million (PV) donation to SS, which we lose when we croak anyway. Just remember, the Washington jokers give, and the washington jokers taketh away. I am soooo looking forward to the day when Gods of the Copybook Headings with terror and slaughter return

Old Country Boy on December 11, 2012 at 6:16 PM

This story simply cannot be true. Obama and the libs stated CLEARLY that the purpose of Obamacare was to prevent individuals from shifting the burden of their healthcare to another individual; that each person would be responsible to own insurance so that could not happen, and the mandate is to prevent that. But of course the story IS true, because liberalism is A LIE.

conservative4freedom on December 11, 2012 at 6:28 PM

I work for a university, and our premiums will go up 20% in 2013. And, we’ll have to pay a $250 deductible, where we never had one before. Plus, co-pay for meds will go from $40 for a 90 day supply to $75. All thanks to our president!

Democrats will blame the greedy insurance company….but, like most universities, mine pays employee health care costs and there is no insurance co involved.

sydneyjane on December 11, 2012 at 6:40 PM

As long as they itemize it as
Obamacare Pre-Existing Condition Fee: $63
I am all for it. Let people know what they are voting for.

Wigglesworth on December 11, 2012 at 6:59 PM

And, guess who’s likely to be hardest hit? Young people, take your medicine:

Why thank you, you bunch of socialist, Obama-loving morons…I’ll just be putting it on your tab. I dig that.

AUINSC on December 11, 2012 at 7:07 PM

Feds missed a bet on that one… could have started at $363, to be phased out by 3017. That woulda raised a bunch!

Marcola on December 11, 2012 at 7:51 PM

which you paid for by putting money in a lock box for 50 years.

Old Country Boy on December 11, 2012 at 6:16 PM

Wrong. There is no lock box. They lied to you.

cptacek on December 11, 2012 at 10:06 PM

One thing all you smarty pants on here forget. President Obama doesn’t lie. Health care costs will go down. Why do you think Bernake is cranking out all that money for? To pay for Health Care! There will be plenty of money for everybody…..DUH!

Herb on December 11, 2012 at 10:10 PM

I hope the young people of this country get royally shafted by 0bamacare. I hope their rates triple. I hope that they go so hungry that they have to go to the hospital to get treated for malnutrition on their shiny new 0bamacare plans.

Yes, the young ‘uns who voted for Romney will be getting hosed…. but then their job is to smash faces and break noses and overall kick the crap out of their peers for what’s been done to them in the name of voting for the cool black guy.

I want the youth of this country, who voted overwhelmingly for 0bama, to pay dearly. Experience is the best teacher.

I hope they get lots of learning.

cane_loader on December 12, 2012 at 2:03 AM

I’m sure glad there’s going to be free condoms; No one knows when or where you’re gonna get screwed by this regime.

Cybergeezer on December 12, 2012 at 8:20 AM

The mainstream media sure pulled one over on the youth of America. ABC, CBS, NBC, pMSNBC, CNN, Wapo, LAT, Boston Globe, Huffpo, Media Matters. For they so loved the “Messiah,” they suckered America into believing Obama was doing something good.

Eat your peas, America. You voted for “your” best interests, instead of the best interest of your “country.”

BruthaMan on December 12, 2012 at 11:43 AM

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