By The Way – Obama Was Wrong About Insurance Premiums

I linked to the ABC fact check, in an earlier thread – but did any of you click on it? Huh? I didn’t think so…

Times Online thought that this exchange between Obama and Lamar Alexander went badly for Alexander:

…Alexander made the fatal mistake of claiming that even Congressional Budget Office thought Obama’s healthcare reform plan would result in more expensive health insurance premiums.

Quite the opposite, interjected Obama, suddenly in his legal scholar element: the Budget Office said that premiums would fall, which would then inspire middle class families to purchase better, more expensive insurance policies. “This is an example of where we’ve got to get our facts straight,” he chided, in the tone you might use while encouraging a toddler to eat all his peas.

Alexander attempted a flustered response, before declaring that he would like to submit his rebuttal in writing at a later date, instead of “arguing in public”. Obama, now sounding like the leader that has been mostly absent from the White House for the past year, declined the offer. “I’d like to get this issue resolved before we leave today, because I don’t believe I’m wrong,” he said.

For the Democrats, it was a long overdue moment of victory.

Not so fast, according to the fact check:

Who is right?

Well, the CBO analysis does say, flatly, that “the average premium per person covered (including dependents) for new nongroup policies would be about 10 percent to 13 percent higher in 2016 than the average premium for nongroup coverage in that same year under current law.”

Why are premiums going up?  CBO cites the combination of three factors:

  1. Premiums would be 27-30% higher because coverage would be better. The law, for example, requires that all policies cover maternity care, prescription drugs, mental health & substance abuse and no denial of coverage for pre-existing conditions.
  2. Premiums would be 7 to 10 percent lower b/c of changes to the way the individual market is structured.
  3. Premiums would be 7 to 10 percent lower b/c of an influx of more people, many of them healthy, into the insurance market.

The net effect of those three factors: Premiums would be 10 to 13 percent higher for the average policyholders.

President Obama’s claim of premium reductions of “14 to 20 percent” comes from adding factors two and three. The problem: You can’t ignore factor one. That’s why CBO’s conclusion is that, on average, people in the individual market would see their premiums go up 10 to 13 percent. You can keep your old, less generous plan, but only until 2018.

But it doesn’t end there.

The bill also includes generous subsidies for families with incomes under $88,000.  Those who get taxpayer subsidies would see their out-of-pocket premium cost reduced by “roughly 56 to 59 percent.”  And 57 percent of those in the individual market would be eligible for subsidies.

What more: “CBO says its estimates include “a substantial degree of uncertainly.” Not even the wizards at CBO can say for certain what will happen to your premiums”. But we can safely guess that their estimates are going to be lower than the eventual reality.

So the Dems have a “moment of victory” because Obama is able to lie unflinchingly? I guess congratulations are in order. He sure fooled Times Online.

MORE fact checks at the GOP  blog.

Share

About these ads

13 Responses to “By The Way – Obama Was Wrong About Insurance Premiums”

  1. uberVU - social comments Says:

    Social comments and analytics for this post…

    This post was mentioned on Twitter by NiceDeb: By The Way – Obama Was Wrong About Insurance Premiums http://bit.ly/bAjytf #tcot…

    Like

  2. Obama vows 2010 campaign war to win back so-called ‘misinformed voters’ after ObamaCare Ram Down is complete « VotingFemale Says:

    [...] Deb: Dems vs The CIA (Again) and By The Way – Obama Was Wrong About Insurance Premiums and More Videos From The Health Care Summit: Issues vs Tissues and Video: Fireworks Between McCain [...]

    Like

  3. Obama, the Nose-Picker-In-Chief on Live TV « VotingFemale Says:

    [...] Deb: Dems vs The CIA (Again) and By The Way – Obama Was Wrong About Insurance Premiums and More Videos From The Health Care Summit: Issues vs Tissues and Video: Fireworks Between McCain [...]

    Like

  4. Progressives pass extension of BUSH Patriot Act, shhh… it’s supposed to be a secret hahaha « VotingFemale Says:

    [...] Deb: Dems vs The CIA (Again) and By The Way – Obama Was Wrong About Insurance Premiums and More Videos From The Health Care Summit: Issues vs Tissues and Video: Fireworks Between McCain [...]

    Like

  5. If Looks Could Kill: Obama’s Face During Rep. Paul Ryan’s Dismantling of Dems’ Health Care Costs (video) « Frugal Café Blog Zone Says:

    [...] Obama Lied (video) Another Black Conservative: ObamaCare 3.0? and Let the games begin Nice Deb: By The Way – Obama Was Wrong About Insurance Premiums Gateway Pundit: Gergen at CNN: Republicans Just Had Their Best Day in Years (Video) and Top Dem [...]

    Like

  6. Olbermann Will Freak Out & Call These Health Care Protesters “Racists” & Obama’s Nose Picking During Summit (video) « Frugal Café Blog Zone Says:

    [...] ObamaCare 3.0? and Let the games begin The Conservative Pup: 51 Kings and Queens Nice Deb: By The Way – Obama Was Wrong About Insurance Premiums Gateway Pundit: Gergen at CNN: Republicans Just Had Their Best Day in Years (Video) and Obama Ends [...]

    Like

  7. More Aggravating Ramblings at Health Care Summit from Our “Mouth in Chief” on His College Auto Insurance (video) « Frugal Café Blog Zone Says:

    [...] Bad for the Democrats Another Black Conservative: ObamaCare 3.0? and Let the games begin Nice Deb: By The Way – Obama Was Wrong About Insurance Premiums No Left Turnz Thought of the Day: Agreed? VotingFemale: Obama, the Nose-Picker-In-Chief on Live TV [...]

    Like

  8. Weekend Music Video: The Censored “Obama – Building a Religion” Video « Frugal Café Blog Zone Says:

    [...] A Majority of Americans Say “Scrap the Bill” – Dems Determined to Ram it Through, Anyway and By The Way – Obama Was Wrong About Insurance Premiums VotingFemale: Obama, the Nose-Picker-In-Chief on Live TV and Obama vows 2010 campaign war to win [...]

    Like

  9. Dems Itching to Power-Ram ObamaCare Through & Ignore American Voters… Queen Pelosi Says “Time Is Up” but Rep. Paul Ryan Says She Doesn’t Have the Votes (video) « Frugal Café Blog Zone Says:

    [...] A Majority of Americans Say “Scrap the Bill” – Dems Determined to Ram it Through, Anyway and By The Way – Obama Was Wrong About Insurance Premiums The Substratum: Rule By Tyranny. Senator Byrd’s (D-WV) Thoughts on Reconciliation Gateway Pundit: [...]

    Like

  10. “Reconcilliation” vs. New Term “Simple Majority”: Dems Resorting to Word Games, Buffett Explains Why ObamaCare Sucks Eggs, Rove on Pelosi’s Thug Tactics (video) « Frugal Café Blog Zone Says:

    [...] A Majority of Americans Say “Scrap the Bill” – Dems Determined to Ram it Through, Anyway and By The Way – Obama Was Wrong About Insurance Premiums Mcnorman’s Weblog: Stafford Hospital caused ‘unimaginable suffering’ The Substratum: Rule [...]

    Like

  11. Rush Limbaugh Applauds Rep. Paul Ryan: Decries Cynical Dem Gimmicks & Says “ObamaCare Is a Ponzi Scheme That Would Make Bernie Madoff Proud” « Frugal Café Blog Zone Says:

    [...] Lesson On The Smoke and Mirrors of Obama Care. Another Black Conservative: ObamaCare 3.0? Nice Deb: By The Way – Obama Was Wrong About Insurance Premiums Gateway Pundit: The More Obama Talks Health Care – The More It Sucks (Video) and Gergen at CNN: [...]

    Like

  12. Funniest Tweets of the Week: Political Pundit Jim Geraghty on Democrats… Pure Gold! « Frugal Café Blog Zone Says:

    [...] Americans Against Obama: Harry Reid – Only 36,000 People Losing Jobs is a Great Day Nice Deb: By The Way – Obama Was Wrong About Insurance Premiums Frugal Café Blog Zone: Olbermann Will Freak Out & Call These Health Care Protesters [...]

    Like

  13. Virginia Could Screw It All Up for Obama’s Health Care Mandates, Other Melting Points Reached for ObamaCare… Make Your Voice Heard! « Frugal Café Blog Zone Says:

    [...] A Majority of Americans Say “Scrap the Bill” – Dems Determined to Ram it Through, Anyway and By The Way – Obama Was Wrong About Insurance Premiums RedState: Never Let Facts (Or The Will Of Your Constituents) Get In The Way Of Greatness [...]

    Like


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

  • Blog Stats

    • 4,683,351 hits
  • free counters
  • Is your cat plotting to kill you?
  • Follow

    Get every new post delivered to your Inbox.

    Join 548 other followers

    %d bloggers like this: