Wednesday, March 14, 2012

Corrupt Insurance Company DOUBLES Bills After Signing Up Customers !!!

From The Washington Examiner comes an expose of unscrupulous healthcare providers quoting a low price for medical treatment and then DOUBLING the amount charged to the customer. 
I look forward to breathless editorials from the New York Times, the Washington Post and 60 Minutes condemning this practice and those who oversee it. 

President Obama's national health care law will cost $1.76 trillion over a decade, according to a new projection released today by the Congressional Budget Office, rather than the $940 billion forecast when it was signed into law.

Raise your hand if you are shocked.  Anyone?  Anybody?  I didn't think so. 

Democrats employed many accounting tricks when they were pushing through the national health care legislation, the most egregious of which was to delay full implementation of the law until 2014, so it would appear cheaper under the CBO's standard ten-year budget window and, at least on paper, meet Obama's pledge that the legislation would cost "around $900 billion over 10 years." When the final CBO score came out before passage, critics noted that the true 10 year cost would be far higher than advertised once projections accounted for full implementation.

The 2014 date also got Obama past the 2012 elections and also gets some distance between the 2008 Congress and the inevitable consequences of this mess. 
This graph is old and out of date, but it's the most recent one I could find.  Like the Democrats, I like to post eye-popping charts of disastrous consequences.  In this case the chart isn't horrible enough, and I apologize. 

Today, the CBO released new projections from 2013 extending through 2022, and the results are as critics expected: the ten-year cost of the law's core provisions to expand health insurance coverage has now ballooned to $1.76 trillion. That's because we now have estimates for Obamacare's first nine years of full implementation, rather than the mere six when it was signed into law. Only next year will we get a true ten-year cost estimate, if the law isn't overturned by the Supreme Court or repealed by then.

Texas Republican Senator John Cornyn has said that ObamaCare will never be repealed.  That's why you need to start voting for Libertarians. 
Mitt Romney was the John The Baptist for ObamaCare.  He will be the Republican nominee for president.  That's why you need to start voting for Libertarians. 
Fort Worth's Trinity River Vision Authority has had similar cost overruns without accomplishing much of anything but marketing.  They're trying to build a massive lake downtown that will be known to your granchildren debtors as "Lake Granger", after the family of Republican Congresswoman Kay Granger.  That's why you need to start voting for Libertarians. 

Given that in 2022, the last year available, the gross cost of the coverage expansions are $265 billion, we're likely looking at about $2 trillion over the first decade, or more than double what Obama advertised.
UPDATE: I've done another post with additional details from the CBO report.

These are the numbers from the Congressional Budget Office.  I don't think the Congressional Budget Office could properly predict the winner of a New York Giants vs. Little Sisters Of The Blind wager in the Super Bowl. Their predicted cost is very, very low.  Hide and watch. 

1 comment:

gruberinjury said...

The insurance providers were examined and actually in prison for misrepresenting their items to their customers.

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