And So It Begins
Mar 23, 2010 Political
The insurance premiums people pay will go down and businesses will see their insurance rates go down. Obama said it would save about $2500 per year.
Well not so fast. The Market Ticker has a quote from its forum and it would seem as if the insurance companies did not get the memo:
“So I just got a call from my health insurance provider. My family rates are going up $200/month … $2400/year per employee effective April 1st. Didn’t take long after signing to get this s**t going.
So much for the “my plan will save Americans” $2500/year in Healthcare premiums.
F***ing liar in chief. “
So this person has to pay $2400 more a year for each employee.
Nice, very nice. So much for the savings.
This bill will cost Caterpillar 100 million dollars a year in additional costs and Zoll will pay about 7.5 million dollars in taxes on its medical equipment. Does anyone think they will be hiring, giving pay raises or NOT passing the cost on to consumers?
Seventeen states have filed lawsuits or shortly will and there is a good chance that the mandate will be ruled unconstitutional. If that happens the whole health care bill begins to unravel because the mandates are designed to force people to pay so more money is available for those with preexisting conditions.
If the mandate gets thrown out the CBO numbers mean nothing…
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Tags: insurance premiums, lawsuits, mandates