« Item #2: Lefties Furious as Their Human Health Care Props Are Debunked | Main | 1 Year of Obama, $2 Trillion in Debt »
March 17, 2010
Item #3: Even AP Admits Health Insurance Will Cost More Under ObamaCare
Posted by Gregory of Yardale at March 17, 2010 5:32 AM
Economically Illiterate Fascist Barack Obama claimed yesterday that insurance premiums would go down 3,000% under his Health Care Takeover Reform. (In other words, insurance companies would be paying us to let them provide us insurance.)
Not even the Obama Positive Associated Press would buy that whopper.
Premiums are likely to keep going up even if the health care bill passes, experts say. If cost controls work as advertised, annual increases would level off with time. But don't look for a rollback. Instead, the main reason premiums would be more affordable is that new government tax credits would help cover the cost for millions of people.
Yeah, just like Government Financial Aid subsidies have kept universities and colleges (Big Education) from raising tuition at several times the annual inflation rate.
But that's okay, because the proposed HCR reconciliation also includes a nationalization of all student loans (for some reason), which is just bound to make higher education more affordable for all.
(That last line was meant to be sarcastic.)
