Medical claims costs — the biggest driver of health insurance premiums — will jump an average 32 percent for Americans' individual policies under President Barack Obama's overhaul, according to a study by the nation's leading group of financial risk analysts. The report could turn into a big headache for the Obama administration at a time when many parts of the country remain skeptical about the Affordable Care Act. The estimates were recently released by the Society of Actuaries to its members.
The report says "By 2017, the estimated increase would be 62 percent for California, about 80 percent for Ohio, more than 20 percent for Florida and 67 percent for Maryland." Like it is a surprise that massive government intervention leads to massive cost increases? And we haven't even begun to see the decrease in service supply and effectiveness at this point. And oh -- it's a headache for the poor, dear Obama administration and its brain-dead supporters. Waaah, Waah, Waah. I feel so sorry for them.
One guy I just met owns a trailer park. He says it's full of tenants who sit around, drink and get high, stepping out long enough to get their booze, drugs, food stamps and government checks. They've learned how to make a living off government give-away largess -- programs they don't have to lift a finger to participate in.
We live in a society and an economy that are horribly screwed up. We are being controlled by people who think you can get something for nothing and that government give aways are moral and productive -- the bigger the better. It's only getting worse. Stay tuned.