Posted by: arnegrim | March 17, 2010

Because true ‘transparency’ is not a goal…

“Buyers, beware: President Barack Obama says his health care overhaul will lower premiums by double digits, but check the fine print.

Premiums are likely to keep going up even if the health care bill passes, experts say. If cost controls work as advertised, annual increases would level off with time. But don’t look for a rollback. Instead, the main reason premiums would be more affordable is that new government tax credits would help cover the cost for millions of people…

…The claim that people buying coverage individually would save 14 percent to 20 percent comes from the same budget office report, prepared in November for Sen. Evan Bayh, D-Ind. But the presidential sound bite fails to convey the full picture.

The budget office concluded that premiums for people buying their own coverage would go up by an average of 10 percent to 13 percent, compared with the levels they’d reach without the legislation. That’s mainly because policies in the individual insurance market would provide more comprehensive benefits than they do today.”

http://hosted.ap.org/dynamic/stories/U/US_HEALTH_OVERHAUL_FACT_CHECK?SITE=ORLAG&SECTION=HOME&TEMPLATE=DEFAULT

The funny thing is… most people don’t see increased taxes as part of the ‘cost’… if premiums don’t go down… and taxes go up… how is that NOT an increase in healthcare cost?

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