Once again, the government is helping me to achieve new levels of bankuptcy. Today marks the three-year anniversary of the enactment of the “Patient Protection and Affordable Care Act.” The hyper-partisan legislation is commonly referred to by most, including the president, as “ObamaCare.”
Three years later, it is clear the law does nothing to control costs or expand coverage. Despite promises that the health care law would lower costs, premiums are rising for families nationwide. And according to a new survey, things are only going to get worse.
ObamaCare could almost triple health care premiums across the board, with young individuals taking the biggest hit. Recent college graduates, who are struggling to pay off student loans and find good jobs, could see their premiums increase by as much as 189 percent. Any increase, let alone tripling costs, could break the bank for Americans in these tough economic times.
Why will costs skyrocket? Price controls and requirements to purchase government-approved plans are leading culprits. The law also imposes $165 billion in new taxes and fees on plans, drugs, and medical devices that will be passed onto consumers in the form of higher premiums and prices.
Thanks so much emperor Obama!
P.S. I just received an email from the democratic party asking me to contribute $5 to help fight the republicans who are trying to repeal obamacare. I wonder what that money would be used for? I can’t imagine that they are planning to do a campaign to convince republican congressmen to change their vote. Maybe they want to bribe some of them 🙂 ???