Tuesday, October 25, 2016

Affordable Care Act on Life Support

When the enrollment period for the Affordable Care Act starts next week, customers to the exchanges will be shocked to find that they have fewer choices and higher prices.

In Pennsylvania, the number of insurer has dwindled down from 13 to 8 and premiums are expected to rise 53%.

According to Aetna Inc. Chief Executive Officer Mark Bertolini, "As the rates rise, the healthier people pull out because the out-of-pocket costs aren’t worth it."

Given that, premiums are going up an average of 25% for next year. In Arizona alone, premiums are skyrocketing by a whopping 116%.

The American voter seems to have a very short memory. Here are a couple of items you should consider when you vote.

1. MIT economist Jonathan Gruber, the architect of Obamacare, mocking "the stupidity of the American voter" for not understanding the "true cost" of the Affordable Care Act.

2. President Obama PROMISING to lower health insurance premiums by $2,500 per year. Instead health insurance premiums climbed by 4.2% on average. Virginia, for example, will see its premiums jump between 3% and 67%. Listen to his own words. Think about it.

3. President Obama: 'If you like your health care plan, you'll be able to keep your health care plan." Also, do you remember the other promise of being able to keep your doctor? Just to refresh your memory. "First of all, if you've got health insurance, you like your doctor, you like your plan - you can keep your doctor, you can keep your plan. Nobody is talking about taking that away from you."
President Barack Obama - 7/16/2009

Saturday, October 15, 2016

More Red as the Budget Balloons

As the government completes fiscal 2016, the budget deficit was $587 billion dollars. This is a 34% spike over last year's budget deficit. That means that the government borrowed 15 cents for every dollar spent. Government spending went up almost 5% to $3.9 trillion with revenues staying flat at $3.3 trillion.

According to the Congressional Budget Office, the deficits for the next several years will be $600 billion. This represents 3% of the economy. Although economists say this is bearable, these deficits will slow down growth.

Each year we hear the same thing over and over. The wealthy need to pay more in taxes. Why? So, the government can provide funding for college tuition subsidies, infrastructure and expansion of the Affordable Care Act.

We cannot afford reckless spending by our government. Fiscal responsibility is something that is lacking in our government and it is time that the American voter act. Enough with all of this spending.

Friday, October 14, 2016

"UN" Affordable Care Act

Remember when President Obama made a joke about the Stimulus package. He said that the shovel-ready jobs weren't as shovel-ready as everyone thought.

Well, guess what. The Affordable Care Act is not as affordable as everyone was led to believe. The entire act was predicated on having young, healthy people join to keep premiums low. It did not happen.

According to a recent Bloomberg article, 1.4 million people in 32 states will lose their healthcare coverage. This is largely caused by Aetna Inc., UnitedHealth Group and other insurers quitting the healthcare exchanges.

Do you remember the promises that were made on how the Affordable Care Act would save families $2,500 per year and that you could keep your doctor?