CBO Report Exposes Massive Cost Increases In Obama Care For Middle Class And Working Poor

The following was released by the Congression Budget Office. You can read the CBO release here: http://cboblog.cbo.gov/?p=363 , http://www.cbo.gov/ftpdocs/106xx/doc10618/09-22-Analysis_of_Premiums.pdf 1). The Government will offer diferent plans at different prices- better coverge will cost you more ….. 2). Obama Care will include deductibles and co-payments – they won’t be called copays or deductibles – they are calling that “cost sharing payments” – how cute – “cost sharing” – we all like to share don’t we ….. FROM THE DIRECTOR OF THE CBO – The analysis focuses on enrollees who purchase one of the low-cost “silver” plans offered in the exchanges because federal subsidies would be tied to the premiums of those plans. Such a plan would have an actuarial value of 70 percent, which represents the average share of costs for covered benefits that would be paid by the plan. Under the proposal, premiums would vary by geographic area to reflect differences in average spending for health care and would also vary by age, but the table shows the approximate national average of premiums—about $4,700 for single policies and about $14,400 for family policies in 2016. Enrollees could purchase more extensive coverage or a more expensive plan for an additional premium. (NOTE: These are “average” costs based on geographical region – certain areas will pay significantly more) Under the proposal, the maximum share of income that enrollees would have to pay for a low-cost “silver” plan in 2013 would range from 3 percent for those with income equal to the FPL to 13 percent for those with income equal to 300 percent of the FPL. Those with income between 300 percent and 400 percent of the FPL would have the same 13 percent cap. After 2013, those income caps would all be indexed so that the share of the premiums that enrollees paid (in each income band) would be maintained over time. As a result, the income caps would gradually become higher over time; they are estimated to range from 3.2 percent to 13.9 percent in 2016. A family of four, for example, would have to pay premiums of about $1,400 if its income was $30,000 (about 125 percent of the projected FPL in 2016), or $8,300 if its income was $66,000 (or 275 percent of the FPL). Plus deductibles and co-pays. $8,300 – for the “low cost plan”. CBO also estimated the sum of enrollee premiums and average cost-sharing amounts (co-pays & deductibles) for the middle of each income band and the average share of income that such spending would represent. For single enrollees, premiums plus cost-sharing payments would range from about $1,200 for those with income of about $14,700 (8.1% for those with an income of $14,700 – th epoorest in the nation) , to $6,300 for those with income above $34,000 (or 18.5% of that income). For families, premiums plus cost-sharing payments (co-pays and deductibles) would range from about $2,900 for those with income of $30,000, to nearly $20,000 for those with income above $96,000 (or 21% of a family income of 96,000) – for the low cost “silver” plan. A family of 4 with an income of $96,000 is not rich – how can they possible afford a $20,000 premium – for the “low cost” silver plan. http://cboblog.cbo.gov/?p=363 , http://www.cbo.gov/ftpdocs/106xx/doc10618/09-22-Analysis_of_Premiums.pdf

One Response

  1. PAGE 9 middle of CBO report.

    “implementation costs for operations of the Internal Revenue Service and the Centers for Medicare and Medicaid Services are not included. ”

    PAGE 3 sub note (a)

    *a. ” Does not include effects on spending subject to future appropriations.”

    Tell me why, when the (CBO is leaving OUT the COST) to (IMPLEMENT and OPERATE) ( MEDICARE, MEDICAID AND IRS), that (NO ONE) is writing or (telling) the (PUBLIC this).

    WHAT ARE( future appropriations) money spent on?
    The IRS will be in charge in of keeping track of everyone who has health insurance, who gets help, who does not, who gets some help with premium, a lot of help, who let insurance lapse, who gets FINED, and so on.
    (They can not keep track of WHO has CAR insurance, much less who will have health insurance.)

    The (expense) to keep (track) of (EVERYONE) in (country) who (has) (health insurance), the (IRS part) (alone )would (cost a fortune). In middle of same paragraph on (PAGE 9) of (CBO projection) it goes on to say,
    “*Those discretionary costs could total (several billion dollars) over the 10-year period “,

    SEVERAL BILLION

    ALL YEAR LONG, EVERY DAY,
    ALL this, will be based on your our jobs… what HOURS workd
    commissions paid
    tips you got
    bonus if any, even Christams, or Earnings bonus
    overtime
    pay raise
    change jobs
    laid off
    temp job’
    land a one time, large contract or sale
    and then not have that the following year

    What happens when BAD check written to health insurance company?… DO YOU PAY FEE fee since YOU WENT WITHOUT INS A FEW DAYS?

    What happens if you become DISABLED?
    HOW SOON, will they start helping you with insurance premiums, so you can keep health insurance going, at a time you need it most?
    SINCE IRS is in charge of keeping up with this, and we know how well they do in tracking down all those who get paid in CASH, and who are BEHIND NOW in their TAXES, (at least THREE YEARS), will it be THREE years before they know WHO to HELP and – NOT too?

    I hope this sheds SOME light, to how much EXPEPENSE it will actually cost, to just IMPLEMENT this into current IRS, much less OPERATE it.

    ALL the EXPENSE to IMPLEMENT and OPERATE IRS is NOT in the PROJECTION,
    That is WHY the CBO clearly show on PAGE 9 middle of page, on CBO report on pdf file, OCT 7, 2009.

    PG 3 BEGINNING OF CHART. Notice small ( a )
    * NET CHANGES IN THE( DEFICIT) FROM INSURANCE COVERAGE PROVISIONS a

    PG 3 End of Chart. Notice small (a)
    * NET (CHANGES) IN THE( DEFICIT) a

    PAGE 3, sub not ( a ) explanation of SUB note (a) below is EXACT COPY OF WHAT IT SAYS

    *a. Does (not )include (effects) on (spending) subject to (future appropriations).

    PAGE 9, MIDDLE OF PAGE, shows EXAMPLE to what is ( FUTURE APPROPRIATIONS ) and what Federal spending, i.e., our taxes, are( NOT INCLUDED ) “LOOK “ where it STARTS OFF BY SAYING, Federal spending that would be funded by future appropriations is not reflected in these estimates.

    * Federal spending that would be funded by future appropriations is not reflected in these estimates. For example, implementation costs for operations of the Internal Revenue Service and the Centers for Medicare and Medicaid Services are not included. Those
    discretionary costs could total several billion dollars over the 10-year period, but CBO has not yet completed an estimate of the appropriations that would be necessary. (In contrast, administrative
    costs for establishing and operating the exchanges, largely funded through a premium surcharge, are included in Table 1.) Not enough room here to put whole projection, but go in and read the projection, and thew ask yourself, WHY is NO ONE writing, or telling us THIS information?

    BOTH parties MUST be getting paid off by BIG PHARM to keep mouth shut, and are only ACTING like they disagree on this, and will PUSH, shove, DRAG us into this, no matter if we WANT it or not.
    Having coverage for everyone, PAID for by TAXPAYERS, will ASSURE drug companies will continue to get richer, and be able to charge the BILL to those of us who WORK>

    Watch and see. Illegal immigrants WILL be covered, NO matter what BILL says, since several years ago, same type thing came up about education.
    WE did not want to PAY to educate those who were NOT paying taxes into schools.
    Supreme Court ruled, constitution says, FOR THE PEOPLE, not FOR the CITIZENS…
    OBAMA knows that since a Harvard law graduate…
    WE will be paying this bill, with MUCH higher taxes…

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