Friday, August 30, 2013

Obamacare:Obama's Lies Just Keep Piling Up

Remember this lie: "If you like your health insurance, you'll be able to keep it"? Well this is just the latest example that puts the lie to Barry's most famous Obamacare assertion:

(Reuters) - Aetna Inc has decided not to sell insurance on New York's individual health insurance exchange, which is being created under President Barack Obama's healthcare reform law, the fifth state where it has reversed course in recent weeks.

The third-largest U.S. health insurer has said it is seeking to limit its exposure to the risks of providing health plans to America's uninsured, but did not give details about its decision to pull out of specific markets.
"We believe it is critical that our plans not only be competitive, but also financially viable, in order to meet the long-term needs of the exchanges in which we choose to participate. On New York, as a result of our analysis, we reluctantly came to the conclusion to withdraw," Aetna spokeswoman Cynthia Michener said.
 Financially viable? Wait a minute, insurance companies aren't supposed to make money are they? Note to the uninitiated or otherwise ignorant: Insurance companies have to make money in order to stay in business and provide cost-effective insurance. The main factor that has driven health insurance costs up over the last 50 years is government meddling in the health care market. Obamacare has accelerated this times 100. I'm speaking as someone who lost health insurance coverage under a small player in the market who saw the writing on the wall two years ago and got out of health insurance altogether. In my case a larger player picked up the coverage but when are they going to decide it just doesn't make economic sense to continue the coverage? The individual coverage folks in New York who are covered by Aetna are about to get a taste of this. So much for "you'll be able to keep it."

Another most recent manifestation of the Obamacare lie that Obamacare will drive health insurance costs down? Delta Airlines reports Obamacare will drive their health care costs up by $100 million a year:

 We know that Obamacare will significantly increase the cost of individually-purchased health insurance in nearly every part of the country. But we’ve generally assumed that disruptions in the market for employer-sponsored health insurance will be less severe. In particular, large employers who self-insure should be exempt from most of Obamacare’s most onerous regulations. It turns out, however, that even America’s largest companies face higher costs due to the health law. A recently-leaked letter from Delta Air Lines to the Obama administration states that the “cost of providing health care to our employees will increase by nearly $100,000,000 next year,” much of it due to Obamacare.
So not only are our health care costs going up despite Barry's lies to the contrary, so are our airline tickets. Thanks, Barack!

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