many of these health insurance companies are openly admitting that they are raising rates because of the mandates contained in Barack Obama's new health care reform law. Of course when the health care reform bill was being debated, Barack Obama swore up and down that this would never happen. At the time, Obama promised that the average American family would save $2,500 in yearly health care premiums under the new law.Here's the article link which I sourced in tonight's Midas report at http://www.lemetropolecafe.com/: Way To Go Barack
I had this debate about the Healthcare Farce Bill with several blindly ardent Obama/healthcare reform supporters. It was blatantly obvious to me that Big Pharma, Big Hospital and Big Insurance were all going to pay off their reps in Congress in order to create a Bill which would transfer massive amounts of wealth from us to them.
Wanna know how I knew? Follow the money: Big Pharma spent $100's of millions in advertising and lobbying in order to get this legistlation through. They didn't spend that kind of jake because they wanted to help Americans save money.
Big Insurance you say? The proof is above. But even moreso is the fact that 30 million or so uninsureds will now qualify for Government funded healthcare insurance. That's 30 million NEW policies!!! Nice, huh? No biggie, now Obama can either find clever ways to raise taxes on those of us who earn our living and pay for our own h/c insurance OR Helicopter Ben can just print up more dollars and drop 'em right into the coffers of Big Insurance.
There's a lot of other collateral damage not covered in the media. Many small businesses have had to cut their workforce because they couldn't afford the added expenses required by this "reform" legislation. And several big corporations immediately took billions in charges to reserve for the added expense. The charges taken significantly reduce the level of taxable corporate income.
I never in my worst nightmares ever thought I would come to this, but it would appear to me that Obama and his Change Now policies have only changed things for the worse both for me and from the way they were with W in the Oval Office.
And please do not forget or overlook the the fact that the very Congressmen who passed this legislation largely never read the entire Bill AND they have their own Congressional, publicy funded healthcare plan that operates outside of this legislation. I hope Harry Reid and Nancy Pelosi burn in hell.