This one hits a little too close to home. You see, beginning on January 1, 2016, the healthcare premium for my family on our healthexchange.gov policy will increase by $89 per month. That is $1,068 per year. I was feeling pretty mad about this increase when I received the letter revealing the news to me last week. Then I read this article at zerohedge.com, and I felt like I had fared pretty well compared to the example shared there about Mr. Tetrault. He received news that his premium would increase by $498.06 per month, that’s $5,976.72 per year. Neither I, nor Mr. Tetrault, have any guarantees of an increase in personal income to cover the increase in expense that will be imposed upon us by the health exchange.
One suggested way that we are supposed to cover this expense is through our savings at the gas tank with the lower fuel costs. I suppose I might be saving $89 a month on gasoline. Let’s think about it a minute with a basic word problem from our arithmetic days. The highest per-gallon price where I live was $3.98 a gallon, and it now hovers at about $2.00 per gallon. I buy about four 26-gallon tanks of gas per month. At $3.98 per gallon, that was $413.92 per month. Now, at $2.00 a gallon, my fuel bill is $208, so I suppose I really can “afford” to pay the additional $89 a month. But I am afraid Mr. Tetrault won’t fare so well with his nearly $6,000 more a year he will be required to cough up.
The bottom line: It is ridiculous for the government to tell me that since I am saving money at the gas tank, I can afford to pay more for insurance. Who do they think they are?
But there are more problems with Obamacare than just the increase in premiums (as if that weren’t enough). The same article in zerohedge.com reports that several of the states’ insurance companies are struggling to keep their programs going, and there is even fraud in some:
Colorado’s largest nonprofit health insurer (aka co-op), Colorado HealthOP is abruptly shutting down, forcing 80,000 Coloradans to find a new insurer for 2016.
At the time, we said that the health insurer had been decertified by the Division of Insurance as an eligible insurance company because the cooperative relied on federal support, and federal authorities announced last month they wouldn’t be able to pay most of what they owed in a program designed to help health insurance co-ops get established.
In other words, one of the 24 co-ops funded with Federal dollars and created to give more policyholders control over their insurers – especially those who wished to stay away from various corporate offerings, had failed simply because the government was unable to subsidize it: the same government that spends $35 billion in global economic “aid” but can’t support its most important welfare program.
Fast forward to today, when we learn that another co-op, this time New York’s Health Republic Insurance – the largest of the nonprofit cooperatives created under the Affordable Care Act – is not only shuttering, but was engaging in fraud.
The fate of Health Republic Insurance was first revealed a month ago when the WSJ reported it would shut down after suffering massive losses “in the latest sign of the financial pressures facing many insurers that participated in the law’s new marketplaces.”
All our fears and doubts about Obamacare are coming true. The country is going even further into debt because of this attempt to become like socialist countries to cover the healthcare expenses of everyone, and we citizens are losing money and becoming even more financially unstable as we are pulled down with this ridiculously expensive and now fraudulent social experiment. One thing is certain: Obamacare is not affordable healthcare, no matter how its supporters try to spin it.